London, UK (PRWEB UK) 10 June 2011
Expenses are a hassle. And a hassle that costs small businesses time and money. Receipt Bank has partnered with Xero to make it easy for SMEs to seamlessly turn their paper receipts and invoices into data in Xero.
Receipt Bank - the leading expense processing service - helps businesses, bookkeepers and accountants by reducing the time and money they have to spend processing receipts and invoices. Receipt Bank gathers together a company's receipts and invoices, scans them, does the data entry and securely stores the scanned images.
From today this data can flow directly into the online accounting software provider Xero.
Michael Wood, Director of Receipt Bank, says: ‘Xero already offers its users bank feeds that enable them to quickly and easily access their financial information. We are delighted to be able to offer these businesses the other side of the equation - a feed that publishes all submitted expense transactions straight into Accounts Payable in Xero."