Dext

What Is Dext?

Dext, formerly known as Receipt Bank, is an AI-powered bookkeeping automation platform that brings receipt capture, invoice processing, expense management, and document storage all in one place. It extracts data from documents and syncs it to accounting software. Dext also monitors and approves team expenses, keeping all records organized in one centralized system.

What Is Dext Best For?

The standout feature of the platform is Dext AI Assist, which learns how a business categorizes transactions, applies tax rules, or manages suppliers, then suggests ways to automate similar tasks going forward. Users can review, refine, or ignore suggestions before they are applied. This also supports uniform record-keeping across accounts, cutting back on repeated corrections.

How Much Does Dext Cost?

Dext pricing starts at $20.35/client/month for Essentials plan (For Accountants And Bookkeepers) which offers multi-channel receipts and invoice capture, and AI document detection. Further plans include:

For Accountants And Bookkeepers

• Advanced - $22.08/client/month

For Businesses

• $31.50/month

Apart from the base subscription price, organizations should also consider the following additional costs:

For Accountants And Bookkeepers

• Data Health Aad Insights: $7.50/client/month
• Commerce Lite: $7.50/client/month

For Businesses

• AI Assist: $10.50/month
• Commerce Lite: $7.50/month
• Vault: $4/month
• Line Item Extraction: $20.50/month
• Supplier Statement Extraction: $20.50/month
• Bank Statement Extraction: $13/month

The platform also offers a 14-day free trial.

Some users note that Dext is cost-effective given the time saved on receipt capture and data extraction. Others highlight that the platform can be costly for sole traders and small practices that process a lower volume of documents.

Disclaimer: The pricing is subject to change.

Dext Integrations

Dext connects with a wide range of platforms, including:

• Xero Accounting Solution
• Sage 50
• QuickBooks
• Zoho Books
• FreeAgent
• KashFlow
• ClearBooks software
• ApprovalMax

How Does Dext Work?

Sign in to access the platform and follow the given steps to use the software:

• Submit invoices, receipts, and statements through the mobile app, email, or direct upload
• Let Dext's AI extract key details like supplier names, line items, and due dates from documents
• Review how transactions are categorized and confirm the correct tax rules
• Sync data to your connected accounting software, with no manual entry required
• Use AI Assist to review suggested automations and decide which ones to apply going forward

Who Is Dext For?

The platform is designed for a range of users and industries who need to manage bookkeeping and financial documents, including:

• Small and medium-sized businesses
• Self-employed professionals
• Accounting and bookkeeping firms
• Construction businesses
• Professional services firms
• Hospitality and wellness businesses
• Multi-entity businesses, franchises, and retail operations

Dext Use Cases

Based on our evaluation of Dext features and user feedback, we have identified several scenarios in which the software can be the right choice:

Accounting And Bookkeeping Practices Struggling With Scattered Audit And Tax Records

Accounting practices often struggle with fragmented paperwork and missing transaction details, creating a real challenge when preparing for audits and tax seasons under tight deadlines. Dext captures item-level details from receipts and invoices, rather than just totals. This gives practices cleaner, audit-ready reports and ensures every cost is fully accounted for without manual entry.

Teams And Accountants Losing Track Of Shared Financial Documents

Accounting teams and small businesses frequently share financial documents with their team or accountant through scattered email threads, resulting in lost attachments and outdated copies. The solution solves this by providing controlled access to shared documents within a centralized platform, reducing endless email chains and lost attachments. Team members and accountants work from the same organized, up-to-date files.

Businesses Handling Payments Across Multiple Disconnected Tools

Businesses usually manage customer payments, supplier bills, and payroll through separate systems, which makes it hard to get a clear picture of overall cash flow. The software addresses this challenge by centralizing financial transactions, allowing teams to receive money from customers, handle expenses, pay suppliers, and make payroll payments within a single platform.

Firms Wary Of AI Suggestions Without A Clear Explanation

Accounting and bookkeeping firms are often wary of applying AI-driven suggestions when they can't see the reasoning behind them, especially where accuracy and compliance are on the line. Dext deploys a transparent AI agent that shows the underlying reasoning behind actions. Suggestions include explanations, enabling teams to review logic, reduce blind trust, and maintain standards across all client ledgers.

Is Dext Right For You?

If you're looking for a bookkeeping platform that brings receipt capture, expense management, and accounting software integration into one system, Dext may be the right choice. It scales from single self-employed users to multi-entity businesses and large accounting practices.

On the security side, Dext hosts its infrastructure on Amazon Web Services and conducts annual third-party penetration testing on its application and supporting infrastructure.

Access is governed by the principle of least privilege, with production systems requiring either single sign-on or two-factor authentication. Data in transit is protected using TLS 1.2 or higher, while data at rest is secured with AES-256 encryption.

For compliance, Dext is ISO/IEC 27001 certified and GDPR compliant, while also hosting its infrastructure on AWS environments certified for SOC 1, SOC 2, and PCI DSS requirements.

If you're still unsure whether Dext is the right choice for your business, contact our team at (661) 384-7070, and they will help you make an informed decision.