Welcome to another edition of time-saving bookkeeping apps, where we feature a bookkeeping app that saves us time doing books and we know it can help you too. This edition is about Dext, an app designed to streamline data entry like receipts, invoices, and more. Hope you enjoy!
Dext is an excellent bookkeeping application that can streamline tedious data entry tasks for you. It's the perfect solution for business owners who want to spend less time on administrative tasks and more time focusing on the rest of your business activities.
One of the most significant advantages of Dext is that it allows you to upload your digital receipts and invoices and automate the data entry process. This means you can avoid the hassle of manually entering data into your QuickBooks Online account. Instead, you can set up rules for each supplier, specifying which QBO account to use, tax rate, due date, and other details. Once you've set up most of your supplier rules, uploading your receipts and reviewing the entries can take less than five seconds for straightforward suppliers.
Dext's OCR recognition technology is another standout feature. It can identify the credit card used on a receipt and autofill that information, saving you the trouble of manually entering it. Additionally, it can extract other details from the receipt, such as the date and vendor, making the process even more convenient.
With Dext, you can also set up vendor categories and automate the categorization process. For example, if you set the vendor Staples to be categorized as office supplies with GST and PST, Dext will automatically categorize any Staples receipts you upload. This feature can save you a considerable amount of time and help you maintain accurate records.
Dext also checks for double-entry errors by flagging a bill that you've already entered in QuickBooks Online. This can help you avoid costly mistakes and ensure your financial records are accurate.
However, it's important to note that Dext's tax extraction feature may not work as well for some users. As a workaround, it's best to set the standard tax rate for all vendors.
Overall, Dext is a powerful tool that can save you a lot of time on manual data entry tasks. By automating these tasks, you can focus on other aspects of your business and make informed financial decisions with accurate records. Plus, since Dext fully synchronizes with QuickBooks Online, you can rest assured that your records are always up to date.
Written by Lori Penner