Veryfi Receipts OCR & Expenses Reviews

Pros

Cost, ability to hold backup files in Dropbox or Google Drive. Instant review and verification,

Cons

Not much. Yes I have to verify each transaction, and sometimes correct, but then I know that the information is there ready to use and accurate—no waiting a few weeks and hopping it was done correctly. It's a con which turns into a pro!
On some surfaces the auto detect doesn't work correctly or randomly. especially at Coles self serve checkouts. I tend to have auto detect off and then sometimes crop the image to reduce file size.

Pros

The OCR feature for capturing and organizing receipts is incredibly accurate. I love that it saves me so much time over manually entering all my expenses!

Cons

At $15 per month, it was almost more than I was willing to pay as a small business owner. However, I think it makes up for the price in the amount of time it saves me.

Alternatives Considered

Expensify and Fyle

Reasons for Choosing Veryfi Receipts OCR & Expenses

Expensify was slightly more expensive, and it could not sync with Quickbooks Desktop software.

Switched From

Expensify

Reasons for Switching to Veryfi Receipts OCR & Expenses

The functionality and third-party syncing features seem superior in Veryfi.

Pros

Accuracy in reading receipts.

Cons

Integration steps (which may not really be unique to this software).

Pros

Point of Sale disposition of bookkeeping chores. Finished before I hit the door.

Cons

I can't resist getting into conversations with random people when they see me use it.

Pros

Veryfi’s Intelligent OCR (Optical character recognition) made scanning over 2,000 handwritten/printed receipts simple, convenient, and accurate data extraction effortlessly.

Cons

When using the column filters or a specific date range the filter is not saved.

Alternatives Considered

Zoho Desk and Shoeboxed

Reasons for Switching to Veryfi Receipts OCR & Expenses

Customer Support Simplicity of uploading receipts Accurate data extraction - including handwritten receipts Price/Cost

Pros

Ease of use. Out of the box solution. Implementation is extremely simple. User friendly. Our CPA firm is overjoyed! They continue to evaluate Veryfi expense management and other product offerings.

Cons

The 300 receipt limitation is bothersome for new users, but I understand Veryfi rationale.

Alternatives Considered

Xero

Reasons for Switching to Veryfi Receipts OCR & Expenses

Al and Machine learning. Fast, reasonably exact.

Pros

it is easy to use and give me the required info

Cons

i would like it to be less expensive it will encourage me to use it more

Pros

Love this app. I capture my paper receipts within minutes of receiving them. That way I don't lose them or they don't fade. Once a month I edit the record and tag the receipts to upload to QB. The categories b/w Veryfi and QB are nearly 100%. Also, sending e-receipts to my Veryfi email address works as advertised. Love the feature that they recognize most vendors and attach vendor logos. A+ rating from me!

Cons

Occasional hiccup and I have to take photo of receipt twice.

Pros

Easy to use, amazing support 24 hours, and the most important thing I save a lot of money using this product, good job Veryfi team!

Cons

Nothing everything is perfect, new features each week and that's fantastic! waiting for android version of logbook app

Pros

I love how easy it is to use and how well it picks expenses up from the receipts you provide.

Cons

I wish theres was an easier way to track miles from the app itself.

Pros

The software is highly intuitive and easy to learn. The process of uploading receipts, editing previous entries, or changing a vendor name, follows a familiar flow nearly all smartphone users will feel accustomed to.

What I enjoyed the most about Veryfi are the certain features I never had on my list of requirements (or thought to be important) in an expense manager but turns out to be extremely helpful. For example, extracting the vendor address from a receipt is something I thought of as a "nice to have" but not a requirement.

Now this feature is something I can't live without as it helps automate my purchases based on the proximity to my business. This is helpful for large chains and big box stores with many locations, I can now split out personal and business expenses far more easily.

This is what distinguishes good software from great software. Good software completes a task in a way you wanted it to; great software completes the job in a better way than what you had in mind, and that's what Veryfi does with receipts.

Cons

Not sure if this is Veryfi's issue, however the integration with QuickBooks online can be improved. I never get the confidence of whether a receipt has been uploaded and matched on QB, aside from the green QB logo being red. If there was a better way to bulk manage expenses and how it's uploaded into QB, and what it's QB status is (ie. matched, no match, amounts not matching, etc) that would be helpful.

Pros

I use to dread the hours spent with a huge pile of receipts trying to enter them into software and then fixing all the mistakes that the OCR made this software helps me to do all my accounting from my cellphone as I go and at the end of the month I just generate a report so simple and easy and far more accurate than anything I have ever used plus the security I didn’t want my accounting and receipts left unsecured and they have the best security.

Cons

Some of the merchant names make multiple names for the same merchant you can fix it by hand but is time consuming.

Alternatives Considered

Quickbooks Online

Pros

I love this software, it is fantastic with keeping up with receipts, the software pulls most if not all of the information off the receipt automatically, which is a great feature. The overall OCR function works great, and it works great for tracking certain transaction categories to keep an eye on spending. It’s been great to use for reimbursement itemization while I was interviewing.

Cons

Their OCR could be slightly improved as I’ve had issues with the camera recognizing the receipt for more than a second, cycling through shapes and having issues with taking a photo and having it select a shape other than the one in the last cycle.
I also wish that they had a personal finance option as I would love to manage my own finances without some of the selections or details of a company.

Pros

The mobile receipt scanning is my favorite feature. The rule based options are unlimited on how you set things up to run for your workflow. Fast and efficient across any platform.

Cons

The only issue I have ever had is when there is an update for the software. The app will crash after taking a pic of a receipt. It’s easily fixed by downloading the new version but is frustrating at times.

Pros

The receipt capture is by far the most compelling feature this app offers. Not having to wait 24 hours to have my receipts captured (ReceiptHog lol) is a huge deal. It's instant with this app.

Another huge plus is that my receipts aren't being sent to some offshore sweatshop exposing my data to god knows who? (Expensify which I used previously) These guys are using AI, which is cool, machines aren't going to sell my data or do anything nefarious.

The other pro for us is that it integrates with our existing accounting software, it was an easy sell to us.

Cons

The app looks a little ugly ? Maybe that's just the nature of boring accounting software but it's a minor quibble.

Pros

There's so much about it I love it's hard to say. I love that they worked hard to get it fully certified across the board. I love the budget section. I love how you can backup all your information for free without having to pay a monthly fee. I love to user interface.

Cons

Honestly I can't think of anything I don't like. I do hope that they continue building on what they already have but to be honest I can't even imagine what they would do.

Pros

I've been using Veryfi since it was called IQ boxy, so more than 2 years now. I very happy. it's easy to use and very effective. I had some issues with my subscription and the customer care has been very helpful.

Cons

I think the subscription price has rised too much

Pros

I love the receipt tracking feature so much. It has saved me so many days of tax preparation. My favorite is the ability to tag everything as a schedul C expense and have all the receipts total with the click of a button.

Cons

I wish the interface was slightly more user-friendly. It has improved - I’ve been using it since it was OneReceipt.

Pros

Love being able to track and place receipts for each job and tracking the spending. Gives us time to do other important tasks instead of having to go through hundreds of receipts

Cons

I wish the users were able to add their own specific jobs to the app. They have to wait for an admin to add it in

Pros

- I like how I can organize my receipts project based as we work heavily project based on accounting and finances.
- I like how easy the integration between Veryfi and Quickbooks Online, which is our primary accounting software.
- I like how quick it is to scan a receipt. I've tried demos of many other apps and Veryfi is by far the fastest and most accurate option when scanning receipts as the machines work for you, not people as in competitors.
- I think it has a very fair pricing.

Cons

- Tax syncing is not always accurate from the receipt. Sometimes I have to manually adjust the correct tax amount.

Pros

This has to be one of the best OCR & Expense software I have ever used it has all the major features you would need from easy OCR recognition to full-time tracking and payroll

Cons

The software can become a little cumbersome do the all the features it has and it takes time to learn how to get everything set up and working like you want it to

Pros

What a brilliant, expedient and simple way of recording invoices and receipts on a regular basis
Just forward any receipts and/or invoices to the app and it automatically scans and picks up the details
set your profile to a vat/tax percentage and it will also automatically separate that from the total

Cons

I would love to see the vat/tax shown at the bottom of screen reports as a separate field/column

Pros

The AI is remarkable. It takes me no more than 30 seconds to complete all of the information and picture data for any expense item. Then I'm done. No box of receipts to organize. No wasted time. Wish this product was available years ago. I have literally spent days collecting and organizing this type of data for our CPA in past years.

Cons

The fact that it wasn't available 10 years ago.

Pros

The features that I enjoyed the most about this app are its ease of use and intergration with other accounting apps that I use frequently. I found the layout and setting up of my account very intuituve, and adding my scans was simple with the OCR doing a pretty good job of accuratley adding my reciepts. Even when it did not the process to manually enter them was easy.

Cons

There isnt anything that stands out so far that really comes across as a con to me. Possibly better OCR but it usually picks up whatever I try to scan.Other than the fact you have to pay to use the full version lol! Maybe some different colored themes, I dont know all in all its a good app and hit every aspect of what I was looking for

Pros

This product integrates with QuickBooks Online and helped to get my receipt mess sorted out.

Cons

Sometimes when using the mobile app, receipts are scanned twice.