The access the feature from the QuickBooks menu by selecting Vendors, and then choosing Receipt Management. Initially you need to log in to QuickBooks as the Administrator for the file you wish to configure for Receipt Management. Configuring Receipt Management on Your Desktop This is true whether the user will be accessing Receipt Management via a mobile device or via QuickBooks Desktop or both. In using Receipt Management every user must have an Intuit account associated with the specific company file for which receipts will be uploaded and posted to the accounting. Setting Up Receipt Management on Your Desktop and Mobile Devices And, because the image is stored with your QuickBooks data, the digital copies of the receipts are available for audit in the future. You will then review the receipt data and match-up any unmatched information before posting it to your accounting. QuickBooks Receipt Management will then extract data from the receipt images using optical character recognition, artificial intelligence and machine language algorithms to create transactions for your to review. You can also upload receipts directly from QuickBooks Desktop. It allows you to import receipt images through a mobile (Apple or Android) App.
QuickBooks Receipt Management is only available to QuickBooks Desktop Plus and Enterprise subscribers customers. With this new QuickBooks Desktop feature, you will no longer need to spend time manually entering expense receipts because you can efficiently import them. It can literally take hours for a business to collect and categorize all of their receipts even if they manage to keep track of them. QuickBooks Receipt Management for Desktop
This article is one in a series of individual product features intended to provide additional content to that within our QuickBooks Desktop 2021 product synopsis. Insightful Accountant has been evaluating various pre-release versions of these products for months and has spent hours communicating with Intuit personnel, including product managers and developers, so we can help you learn about the new products. Intuit recently released QuickBooks 2021 Desktop.