Dext Prepare (formerly Receipt Bank) is a cloud-based bookkeeping automation platform that eliminates manual data entry by automatically capturing and extracting data from receipts, invoices, and supplier statements. Each year, it processes over 320 million financial documents with 99.9% data extraction accuracy, and connects to more than 11,500 banks, platforms, and accounting systems worldwide. It sits upstream of accounting software — handling the capture, categorisation, and coding of financial documents before they are published to the ledger.

■ Key Features

• AI-powered document capture: Receipts and invoices can be submitted via mobile app, email, WhatsApp, Dropbox, or direct bank feeds, with AI extracting supplier details, totals, tax amounts, and payment dates automatically.

• GST extraction & categorisation: Automatically identifies and codes GST on captured documents, with supplier rules that learn from past transactions to automate recurring entries.

• Expense management: Employees can submit, track, and approve expenses including mileage via the mobile app, with each expense syncing to accounting software with a digital audit trail.

• Secure document storage: All original documents are retained digitally and remain searchable, supporting audit readiness and compliance.

• Accounting software integrations: Connects with Xero, QuickBooks, Sage, and over 30 accounting platforms, as well as e-commerce platforms including Shopify, Stripe, and PayPal.
  
  

■ Who It's Best Suited For

• SMEs and their accountants or bookkeepers looking to eliminate manual data entry and streamline pre-accounting workflows

• Finance teams with high volumes of receipts, supplier invoices, or bank statements requiring automated coding and reconciliation

• Businesses running Xero or MYOB that want a front-end capture tool to feed clean, coded data directly into their accounting system
  
  

■ Integrates With

Xero, MYOB, QuickBooks, Sage, NetSuite, ApprovalMax, Shopify, Stripe, PayPal, and 11,500+ banks and platforms.