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.
Drag & Drop Bank Statement Here
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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.
- 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
Time Required
Accuracy Rate
Consistency
Cost Efficiency
Data Analysis
Scalability
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.
Try it now and save hours.