Receipt AI is an AI bookkeeping and expense management tool for individuals and businesses. Its core purpose is to convert paper receipts, invoices, and bank/credit card statements into structured, exportable bookkeeping data, reducing manual entry.
Main capabilities:
- AI receipt scanning: take a photo of or upload a receipt, and AI extracts the merchant, date, amount, tax amount, and line items.
- Bank statement to Excel: convert PDF bank and credit card statements into clean Excel or CSV files.
- Invoice data extraction: extract structured data from invoices without manual entry.
- Smart categorization: each expense is automatically assigned to a consistent category, suitable for tax filing or client reporting, with an emphasis on auditability.
- Tax-ready export: export categorized expense reports in the format required by accounting or tax software.
How to use:
- Upload receipts: you can take a photo, upload a PDF, or forward receipts, invoices, and bank statements.
- AI extracts data: automatically read the merchant, date, amount, tax amount, and line items.
- Review and categorize: confirm the details, and Receipt AI categorizes each expense.
- Export bookkeeping data: download CSV, Excel, or PDF reports for handing over to an accountant or for tax filing.
Use cases:
- Daily expense tracking and organization;
- Organizing a full year of receipts and statements during tax season;
- For users who need to batch-convert bank/credit card statements into Excel or CSV;
- Submitting expense reports to clients or accountants.
Limitations and information not provided:
- The supported file types are JPG, PNG, WEBP, or PDF;
- The page mentions offering 30 free credits, no credit card required; information about pricing after the free quota is used up, specific security mechanisms, extraction accuracy, etc., has not been provided;
- Several questions listed in the official FAQ (file types, bank statement to Excel, extraction accuracy, tax filing use, whether accounting experience is required, data security) do not have specific answers in the provided information, and detailed explanations have not been provided.
