Finance · 1 February 2018

NatWest Receipts in-app feature promises to alleviate business admin

The Receipts feature is available now to all iOS customers using NatWest’s banking app
A new feature on NatWest’s app will allow the bank’s small business customers to track spending, categorise expenses for HMRC and export receipts for accounting or invoicing.

The Receipts? feature has been introduced to enable more than 500, 000 NatWest small business customers to spend more time running their firm and less time on bookkeeping.

NatWest Receipts is available now to all iOS customers using the bank’s mobile banking app and will be available to Android users in the next few months.

The feature has been designed to simplify business expenses and tax processes, and to help owners better understand their company’s monthly outgoings, via mobile.

NatWest Receipts will also enable business customers to easily capture all paper receipt images with their phone camera, store essential information about their business expenses and prepare and submit billable expense reports.

The feature will make it easier for business owners to stay within monthly budgets by filing expenses in folders that track the amount spent.
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Customers can digitally archive their purchase records, forward any e-receipts to a dedicated receipts address and add notes and tags about the business purpose of each expense.


 
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ABOUT THE EXPERT

Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.

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