Case study: Receipt Bank's rapid growth

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Rachael Power caught up with the co-founder of Receipt Bank at Xerocon recently, an app that promises to put an end to the hassle of shoebox clients.

Michael Wood co-founded the app in 2010, which has since won Xero add-on of the year two years in a row.

It links up with a number of cloud accounting software packages, and allows firms and clients to take pictures of a paper receipt with a smartphone or tablet.

The receipt is then automatically transmitted to the cloud and entered into your cloud accounting software.

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