What is Dext (Receipt Bank)?
Receipt Bank, now part of Dext, is an AI-powered receipt and invoice capture tool used by accountants and bookkeepers to digitise paper receipts and extract transaction data automatically. Photograph or upload a receipt and the AI extracts the merchant, date, amount, tax and category — pushing the data directly into accounting software like Xero, QuickBooks or Sage.
For accounting practices managing expense data for multiple clients, this eliminates the manual data entry that traditionally consumed significant bookkeeping time each month. The product has been integrated into the broader Dext platform, which also includes Dext Prepare for bookkeeping automation.
Key Features
AI Receipt Scanning
Photograph receipts and invoices — AI extracts merchant, date, amount and tax data automatically.
Accounting Software Sync
Pushes extracted data directly into Xero, QuickBooks, Sage and other accounting platforms.
Automatic Categorisation
AI learns categorisation patterns over time, reducing manual coding of expenses.
Mobile App Capture
Capture receipts on the go via mobile app — particularly useful for field staff and contractors.
Pros & Cons
What we like
Significantly reduces manual data entry for bookkeepers
Strong integrations with major accounting platforms
AI categorisation improves accuracy over time
Mobile app makes receipt capture convenient for end users
Watch out for
Now bundled under the Dext brand, which may cause some confusion
Pricing scales with usage/client volume for practices
Best value realised when paired with supported accounting software
OCR accuracy can vary with poor-quality receipt photos
Frequently Asked Questions
Yes — Receipt Bank was rebranded as part of the Dext product suite. The core AI receipt capture functionality remains, now integrated with Dext's broader bookkeeping automation tools.
Dext integrates with major platforms including Xero, QuickBooks, Sage and FreeAgent, pushing extracted receipt and invoice data directly into the books.
Both — small businesses use it to digitise their own receipts, while accounting firms use it across multiple client accounts to automate data entry at scale.