Question 1

How does Receipt Reader AI extract data from receipts?

Accepted Answer

Receipt Reader AI uses advanced optical character recognition (OCR) and machine learning to automatically extract key data from your receipts. Simply take a photo with our mobile app, and our AI instantly identifies the merchant name, date, total amount, tax, and line items with 99%+ accuracy. The extracted data is then automatically synced to your connected accounting software like Xero, QuickBooks, or YNAB.

Question 2

How accurate is the receipt scanning technology?

Accepted Answer

Receipt Reader AI achieves 99%+ accuracy for standard receipts using advanced machine learning models trained on millions of receipts. Our AI can handle various receipt formats including thermal receipts, digital receipts, and even crumpled or faded paper receipts. For receipts with low quality, our system flags them for quick manual review, ensuring your financial data is always accurate. We continuously improve our models with each scan.

Question 3

What types of receipts can Receipt Reader AI process?

Accepted Answer

Receipt Reader AI can process all types of business receipts including restaurant bills, fuel receipts, office supplies, travel expenses, hotel invoices, parking tickets, and more. We support both physical paper receipts (via camera scan) and digital receipts (PDF or image upload). Our AI recognizes receipts in multiple currencies and languages. For specialized documents like invoices or tax forms, check our full feature list.

Question 4

Can I export my receipt data to Excel or CSV?

Accepted Answer

Yes! Receipt Reader AI offers comprehensive export capabilities. You can export your receipts to CSV, Excel, or PDF formats with all extracted data including merchant, date, amount, category, and notes. Exports can be filtered by date range, category, or custom tags. Pro users get unlimited exports and can schedule automatic monthly reports via email. Exports are perfect for tax time or sharing with your accountant.

Question 5

What happens if the AI makes a mistake in data extraction?

Accepted Answer

While our AI is highly accurate (99%+), you can easily review and edit any extracted data before it syncs to your accounting software. Our app highlights low-confidence fields for your review. Simply tap any field to edit it manually. Your corrections help train our AI to improve over time. You can also set up approval workflows in the Business plan to require manual review before syncing to ensure 100% accuracy for critical financial data.

Question 6

Can I use Receipt Reader AI for tax deductions?

Accepted Answer

Absolutely! Receipt Reader AI is perfect for tracking tax-deductible expenses. Our app automatically categorizes expenses according to IRS guidelines, making it easy to identify deductible items. You can tag receipts, add notes for your accountant, and generate comprehensive tax reports filtered by date range and category. All receipts are stored with timestamps and original images for IRS audit compliance. Pro users can export tax-ready reports in seconds.

Everything you need to manage receipts & expenses

Core Features

AI Receipt Capture

Smart Data Extraction

Flexible Exports

Cloud Sync

Expense Reports

Bank-Level Security

Multi-Account Support

Lightning Fast

Native iOS App

Built for Your Workflow

For Freelancers

For Small Businesses

For Individuals

Powerful Integrations

Xero

QuickBooks

YNAB

Google Sheets

See It In Action

Start Managing Receipts Smarter Today

Feature Questions