AutoEntry

What is AutoEntry?

AutoEntry is an intelligent, AI-powered data entry automation tool designed for accountants, bookkeepers, and small to medium-sized businesses. It eliminates the need for manual data entry by accurately capturing and processing information from a wide range of financial documents, including receipts, invoices, bank statements, and supplier statements. The software leverages advanced Optical Character Recognition (OCR) and machine learning to extract key data points and seamlessly publish them into your accounting software.

By automating these repetitive tasks, AutoEntry empowers financial professionals and business owners to save significant time, reduce costly errors, and focus on more strategic activities. The platform is built for simplicity and integrates directly with major accounting platforms like Xero, Sage, and QuickBooks, ensuring your financial records are always up-to-date and compliant with digital tax initiatives like the UK's Making Tax Digital (MTD).

Why Choose AutoEntry?

• Unmatched Speed: By automating the capture and entry of financial data, tasks that once took days of administrative work can be completed in hours, and hours of work are reduced to mere minutes. This acceleration allows for faster closing of books and more timely financial reporting.
• Exceptional Accuracy: AutoEntry boasts up to 99% accuracy in data extraction. This precision is achieved through a powerful combination of proprietary OCR and self-learning AI, minimizing the risk of human error that can lead to incorrect financial statements and compliance issues.
• Continuous Data Flow: The platform provides a 24/7 flow of financial data into your accounting ledger. This real-time visibility means you no longer have to guess about your current cash flow, profit, or loss, enabling more informed and proactive business decisions.
• Digital Tax Readiness: As governments worldwide move towards fully digital tax systems, AutoEntry serves as an essential tool for compliance. It ensures that all necessary documentation is captured digitally and integrated with HMRC-recognised platforms, simplifying adherence to regulations.

For accounting and bookkeeping practices, AutoEntry offers unlimited client companies, users, and cloud storage at no extra cost, making it a highly scalable solution. For businesses, it frees up valuable internal resources, allowing teams to concentrate on growth and operational excellence.

Advanced Features of AutoEntry

• Intelligent Categorization: The software syncs with the VAT codes and categories from your accounting software. It not only allows you to categorize transactions but also learns from your actions. Over time, it will remember how you categorize items from specific suppliers and automate this step for you.
• Expense and Mileage Management: AutoEntry simplifies expense reporting by allowing users to manage uploaded expense documents and assign them to specific individuals within the organization. It also includes functionality for tracking and managing mileage claims.
• Supplier Statement Reconciliation: This feature saves hours of manual work by automatically matching captured invoices against monthly supplier statements. It quickly flags any missing invoices or discrepancies, making it particularly useful for industries like construction.
• VAT Reporting: The platform allows you to group invoices by VAT period and generate a comprehensive report. This simplifies the process of preparing and filing VAT returns, ensuring accuracy and timeliness.

Modules of AutoEntry

• Core Data Capture and Processing: This is the central module of the platform. It handles the automated extraction of data from all supported documents, including purchase invoices, sales invoices, receipts, and bank statements, using its powerful AI and OCR technology.
• Expense Management: An integrated module that provides a complete workflow for employee expense claims. Users can capture receipts on the go via the mobile app, submit them for approval, and have them published directly to the accounting ledger.
• AccountsPrep (Add-on): Available for accountants and bookkeepers in the UK and Ireland, AccountsPrep is a powerful add-on module. It enables the rapid preparation, adjustment, and output of a trial balance for an unlimited number of clients who may not have a formal ledger system.

How to Use AutoEntry?

1. Capture: Submit your financial documents with ease. You can take a photo of paperwork using the AutoEntry mobile app, upload files directly from your desktop, or simply forward PDF documents to your unique AutoEntry email address.
2. Categorise: Once captured, AutoEntry extracts the relevant data. You then select the appropriate VAT codes and expense categories from the list synced with your accounting software. The system's AI learns your preferences to automate future categorizations.
3. Publish: With a single click, send the verified and categorized data directly to your integrated accounting software. AutoEntry handles the rest, creating the transaction and attaching a digital copy of the source document for a complete audit trail.

AutoEntry Pricing

AutoEntry price starts at Pounds 15 at techjockey.com.

The pricing model is based on different parameters, including extra features, deployment type, and the total number of users. For further queries related to the product, you can contact our product team and learn more about the pricing and offers.