FreeAgent has significantly enhanced its Auto Extract feature to help streamline expense management.
Using Smart Capture, you can now:
upload files via the desktop version of FreeAgent as well as via the mobile app
upload PDF files as well as photos
upload files individually or in bulk
Once the data is extracted, the receipt will be automatically matched to a bank transaction or converted to an expense where the date and amount will be populated. Smart Capture will now also suggest a category for the expense.
Free Smart Capture Usage:
Every FreeAgent license includes 10 free Smart Capture file processes per month, allowing you to experience the benefits without additional charges.
Smart Capture Unlimited Add-on:
For clients with a high volume of receipts, the Smart Capture Unlimited add-on offers unlimited file processing for £5 (+VAT) per month.
Activating and Paying for Smart Capture Unlimited:
Access Account Settings: Navigate to the Connections and Add-ons page in your FreeAgent account settings.
Enable Payment Method: The account owner or a user with Level 8 access can set up a suitable payment method.
Direct Payment: Currently, clients pay for the add-on directly. In early 2024, practices will have the option to pay at a reduced rate.
Cancellation and Automatic Termination: Cancel the add-on anytime. If Smart Capture is used less than 10 times per month for six consecutive months, it will be automatically cancelled.
Free Manual Processing: Attach receipts to expenses and bank transactions manually without additional charges.
Third-party Integrations: Integrate FreeAgent with receipt-scanning solutions like Dext Prepare and AutoEntry for similar functionality.