The #1 AI Receipt App for Small Businesses

Automatically Categorize Your Bank Statement Transactions with AI

Turn PDF bank statements into categorized transaction data in seconds. Save hours of manual categorization and gain valuable insights into your spending patterns.

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10,000+
documents processed for
300+
small businesses
No credit card required
Bank-Level Security
Works with All Major Banks
GDPR Compliant
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SaaSworthy

Benefits of AI Expense Categorization

Get Financial Insights From Bank Statements In Seconds

Categorization Accuracy
95%
Our AI correctly categorizes 95% of transactions on the first pass
Monthly Time Savings
5 hrs
Average time saved each month for small business owners
Processing Time
30 sec
From upload to categorized export in less than 30 seconds
Annual Cost Savings
$580
Average accounting & bookkeeping cost reduction per year

Eliminate Manual Categorization

Save hours every month by automating your expense tracking. Our AI intelligently categorizes transactions with 95% accuracy, requiring minimal adjustments.

Tailored for Your Business

Choose from pre-built category templates tailored for restaurants, retail, professional services and more. Customize templates to match your business needs.

Cut Tax Preparation Time in Half

Pre-categorized transactions make tax season painless. Export organized data directly to your tax software or accountant, cutting preparation time by up to 50%.

Optimize Your Business Spending

Get detailed insights into your income and expense categories, allowing businesses to identify spending patterns and opportunities to reduce unnecessary costs.

Effortless Review & Control

Benefit from an intuitive interface that puts you in control. Review AI categorizations with confidence and make adjustments in seconds, ensuring your data is always perfectly organized.

Ensure Audit Readiness

Maintain complete, categorized transaction records that are organized and easily accessible in case of an audit. Reduce audit preparation time by 75%.

How to Categorize Your Financial Transactions with AI

Upload your documents, and let our AI do the rest

Simple, easy-to-use software that makes categorizing your financial transactions a breeze.

Average processing time: 19 seconds
  • Upload Statement. Simply drag & drop your bank statement PDF or click to upload
  • AI Processing. Our AI automatically categorizes all transactions
  • Get Results. Download your categorized transactions and insights

What We Categorize

Categorize Bank Transactions in Seconds

Manual categorization of bank transactions is time-consuming and error-prone. Businesses waste countless hours sorting expenses into categories and tracking spending patterns. Our AI-powered categorization tool automates this process, saving you valuable time and providing accurate insights into your spending.

Transaction Details
Dates, merchants, amounts, and account details from every transaction are automatically captured and organized.
Smart Categories
Transactions are intelligently categorized into expense types like dining, travel, utilities, and more.
Spending Patterns
Identify recurring charges, track spending by category, and spot unusual transactions.
Custom Rules
Create personalized categorization rules for specific merchants or transaction types.
Multi-Account Support
Process statements from multiple bank accounts and combine data for comprehensive analysis.
Secure Storage
Optional secure cloud storage with encrypted backup and easy retrieval of past statements.

Compare The Difference

Why Automated Beats Manual

See how our AI-powered solution transforms your workflow

ReceiptsAI
Manual Entry

Time Required

2-3 minutes per statement
2-3 hours per statement

Accuracy Rate

95%+ accuracy guaranteed
60-70% with human error

Consistency

Uniform categorization rules
Varies by person and day

Cost Efficiency

Pennies per statement
$25-50/hr for bookkeeping

Data Analysis

Instant insights & reports
Additional manual work

Scalability

Process multiple statements at once
One at a time, linear scaling

Frequently asked questions

Have a different question and can't find the answer you're looking for? Reach out to our support team by sending us an email and we'll get back to you as soon as we can.

Is my financial data secure?
Absolutely. We prioritize the security of your sensitive financial information. Your data is encrypted both in transit and at rest, and we never share it with third parties. We follow bank-level security protocols.
How accurate is the AI data extraction?
Our AI is highly accurate, especially with clear, digital documents. Accuracy can vary depending on document quality, but we provide an easy review process to ensure 100% accuracy before finalizing.
What file formats do you support?
We accept PDF files for bank statements, and JPG, JPEG, PNG formats for receipts and invoices. We're continuously working to add support for more formats.
Can I cancel my subscription anytime?
Yes, you can cancel your subscription at any time. There are no long-term contracts or cancellation fees. You'll continue to have access until the end of your billing period.
Do you offer a free trial?
Yes! You can start using ReceiptsAI for free without providing any credit card information. Our free plan includes basic features to help you get started.
Which countries and currencies are supported?
We support documents in English and handle multiple currencies including USD, EUR, GBP, CAD, and many others. We're continuously expanding our language and currency support.
What data is extracted from receipts and statements?
We extract merchant names, addresses, dates, amounts, tax information, transaction descriptions, and categorize expenses automatically. For bank statements, we capture all transaction details and running balances.
How should I take photos for best results?
Take photos in well-lit areas with receipts flat and uncrumpled. Ensure the entire receipt is visible and text is clear. For long receipts, you can fold irrelevant sections or capture only the relevant portions.
Is payment processing secure?
Yes, we use Stripe for secure payment processing. We don't store any credit card information on our servers. All transactions are encrypted and comply with industry security standards.
Ready to get started?
Try it now and save hours.