About Veryfi Receipts OCR & Expenses
Veryfi Receipts OCR & Expenses pricing
Veryfi Receipts OCR & Expenses has a free version and offers a free trial. Veryfi Receipts OCR & Expenses paid version starts at US$500.00/month.
Alternatives to Veryfi Receipts OCR & Expenses
Veryfi Receipts OCR & Expenses Reviews
Feature rating
- Industry: Graphic Design
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Veryfi review from Theo
Really good experience. Much, much happier than my previous service (SquirrelStreet). Their prices kept creeping up, and we would only know our final cost after the processed. Also if we were a few days late, we would still pay the minimum fee for the month and then get whacked with a huge surcharge—that doesn't happen with veryfi.
Pros
Cost, ability to hold backup files in Dropbox or Google Drive. Instant review and verification,
Cons
Not much. Yes I have to verify each transaction, and sometimes correct, but then I know that the information is there ready to use and accurate—no waiting a few weeks and hopping it was done correctly. It's a con which turns into a pro!
On some surfaces the auto detect doesn't work correctly or randomly. especially at Coles self serve checkouts. I tend to have auto detect off and then sometimes crop the image to reduce file size.
- Industry: Hospitality
- Company size: Self Employed
- Used Daily for 2+ years
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Review Source
The app I use every day. Highly recommend!
I used to have to spend an hour each month matching a shoebox filled with receipts to my credit card bills. Now I don't even have to keep the paper receipts. I simply scan them with Veryfi, and in seconds, i have a digital copy with all the important info already populated into categories (payment type, expense category, merchant, date, etc). Then at the end of the month, their intuitive web based platform matches all my expenses to any bank feeds I have linked. What used to take me an hour now takes minutes!
Pros
Veryfi is very easy to use and has some great features. I love how easy it is to scan paper store receipts, or email web based receipts. It uses the latests security protocols (Yodlee handles all the bank/credit card integrations, they use 2FA to log in) and has saved me a ton of time managing my expenses.
Cons
In cases where a receipt has multiple expenses which are considered separate purchases (Amazon does this a lot), the software requires multiple steps to separate them. When I'm matching credit card charges from linked accounts to my Veryfi receipts, I have to leave the bank feed section, go into the documents section, and clone the receipt to separate the charges, then go back to the bank feed section to match the receipts. I hope they can design a shortcut within the bank feed to accomplish this, to cut down on steps.
Alternatives Considered
ExpensifyReasons for Choosing Veryfi Receipts OCR & Expenses
Both of these platforms eventually phased out and Veryfi actually offered an import feature so that I wouldn't lose my receipt data from my previous app. That combined with its features made it a no-brainer.Reasons for Switching to Veryfi Receipts OCR & Expenses
Price and the ability to import receipts from my previous app.Response from Veryfi
Daniel, Thank you for your nice feedback and support.
I'd love to help you out with the Amazon receipts. Please email [email protected] and let's explore what we can improve on our end to make this work.
Best,
Ernest (cofounder)
- Industry: Accounting
- Company size: 2–10 Employees
- Used Weekly for 1-5 months
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Review Source
Solid Optical Reading
I have not used IQBoxy for long, but I do have some clients using it to track their business expenses. They take photos of their receipts and IQBoxy converts them to digital information and syncs with Xero Accounting Software.
So far, the information the software gathers from the receipts has proven to be both accurate and reliable, which is more than can be said for some other software I've used. It is able to pull the vendor name, date, amount, etc. and accurately sync it with Xero. I also like the expense reports and reminders to get your receipts entered. The expense reports can be printed from your computer to submit to your accountant or bookkeeper.
The one area that I find challenging is the integration with Xero. Though it transfers information well, the workflow still requires more steps than entering a transaction. Essentially, it creates an unapproved Bill in Xero for your accountant to approve (create the bill), then record a payment (or you can use the Expense Reimbursement feature of Xero the same way). To set the account and approve the bill, then create a payment to actually hit your general ledger is more steps than just creating a spend or receive money transaction. For that reason, the integration might not be the right solution for everyone, but overall, the software is accurate and helpful for tracking business expenses and keeping your receipts organized.
Pros
Accuracy in reading receipts.
Cons
Integration steps (which may not really be unique to this software).
Response from Veryfi
Jake, thank you for your great feedback and support.
We now have web app tool for accountants & bookkeepers to manage your clients from the 1 place. Check it out => https://www.veryfi.com/accounting-practice-management/
PS. IQBoxy has a new name! VERYFI ~ Read the announcement => https://www.veryfi.com/news/iqboxy-is-now-veryfi/
Best, Ernest (cofounder)
- Industry: Health, Wellness & Fitness
- Company size: Self Employed
- Used Daily for 2+ years
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Review Source
Best Receipt manager and expense tracjer
I love it and the overall customer service is outstandingly spectacular
Pros
I love the ease of capturing the receipt, the swiftness of it's processing and the accuracy!
Cons
I would like to capture more than one receipt at a time without having to always press the capture button.
Response from Veryfi
Louis, Thank you for your nice feedback and support
Regarding capturing more photos after each scan- this is possible. Inside the app, press COLLECT to start the Camera then press the ... (3 dots) in the top right of the screen. This opens MORE dropdown and then select SETTINGS. Inside the Settings view, TURN OFF "After Scan Close Camera". That's it :-)
If you need help we are here at [email protected]
Best,
Ernest
- Industry: Hospital & Health Care
- Company size: 2–10 Employees
- Used Daily for 1-5 months
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Review Source
A Must-Have for Small Business Owners
Veryfi has helped me to keep my books up-to-date in real-time. I now feel like I am on top of my bookkeeping, instead of procrastinating each month and playing catch-up.
Pros
The OCR feature for capturing and organizing receipts is incredibly accurate. I love that it saves me so much time over manually entering all my expenses!
Cons
At $15 per month, it was almost more than I was willing to pay as a small business owner. However, I think it makes up for the price in the amount of time it saves me.
Reasons for Choosing Veryfi Receipts OCR & Expenses
Expensify was slightly more expensive, and it could not sync with Quickbooks Desktop software.Switched From
ExpensifyReasons for Switching to Veryfi Receipts OCR & Expenses
The functionality and third-party syncing features seem superior in Veryfi.Response from Veryfi
Chris, Thank you for the nice detailed feedback and support.
Best, Ernest (cofounder)
