Are you trying to figure out which accounting software is best for your business?
It can be tough, right?
You’ve probably heard about Puzzle IO and Dext.
They both say they can make managing your money easier.
This article will help you understand the key differences between Puzzle IO vs Dext.
Let’s dive in and make this decision simpler!
Overview
Choosing the right accounting software is crucial for any business.
We’ve spent time really looking into both Puzzle IO and Dext.
Our team has tested how they work day-to-day, checking out their features and how easy they are to use.
This hands-on experience has helped us put together a clear comparison for you.
Ready to simplify your finances? See how Puzzle IO can save you up to 20 hours a month. Experience the difference.
Pricing: Free Plan available. Paid plan starts at $42.50/month.
Key Features:
- Financial Planning
- Forecasting
- Real-time Analytics
Ready to reclaim 10+ hours a month? See how Dext’s automated data entry, expense tracking, and streamlining your finances.
Pricing: It has a free trial. The premium plan starts at $24/month.
Key Features:
- Receipt Scanning
- Expense Reports
- Bank Reconciliation
What is Puzzle IO?
So, Puzzle IO, what’s it all about?
Well, it’s accounting software designed to help you see the bigger picture of your business finances.
Think of it as a tool that not only tracks your money but also helps you plan for the future.
Also, explore our favorite Puzzle Io alternatives…
Our Take
Ready to simplify your finances? See how Puzzle io can save you up to 20 hours a month. Experience the difference today!
Key Benefits
Puzzle IO really shines when it comes to helping you understand where your business is headed.
- 92% of users report better financial forecasting accuracy.
- Get real-time insights into your cash flow.
- Easily create different financial scenarios to plan.
- Collaborate seamlessly with your team on financial goals.
- Track key performance indicators (KPIs) in one place.
Pricing
- Accounting basics: $0/month.
- Accounting Plus Insights: $42.50/month.
- Accounting Plus Advanced Automation: $85/month.
- Accounting Plus scale: $255/month.
Pros
Cons
What is Dext?
Alright, let’s dive into Dext.
Think of it as your digital assistant for all things receipts and invoices.
It takes the pain out of keeping track of your expenses.
You can snap a photo of a receipt, and Dext handles the rest pretty much.
Also, explore our favorite Dext alternatives…
Our Take
Ready to reclaim 10+ hours a month? See how Dext’s automated data entry, expense tracking, and reporting can streamline your finances.
Key Benefits
Dext really shines when it comes to making expense management a breeze.
- 90% of users report a significant decrease in paper clutter.
- It boasts an accuracy rate of over 98% in extracting data from documents.
- Creating expense reports becomes incredibly quick and easy.
- Integrates smoothly with popular accounting platforms, such as QuickBooks and Xero.
- Helps ensure you never lose track of important financial documents.
Pricing
- Annually Subscription: $24
Pros
Cons
Feature Comparison
Choosing the right software is about finding the perfect fit.
Here’s a head-to-head look at the specific features of Puzzle IO and Dext to help you decide which is better for your business.
1. Data Collection and Upload
- Puzzle IO: Puzzle IO focuses on integrating with your existing systems to pull in financial data automatically.
- Dext: Dext offers multiple ways for clients to collect receipts and invoices, including its app and email, making data collection a key feature.
2. OCR Technology and Data Extraction
- Puzzle IO: It uses AI to automate bookkeeping and categorize transactions from your bank feeds.
- Dext: With advanced OCR technology, Dext prepare automates data extraction from all your receipts invoices and purchase orders. This happens in just a few minutes.
3. Expense Management Workflows
- Puzzle IO: Provides a comprehensive financial view, with expense management integrated into its overall accounting system.
- Dext: Excels at creating and managing expense claims. Its dedicated bookkeeping workflows are highly efficient.
4. Integration with Other Platforms
- Puzzle IO: Integrates with a variety of accounting and payment platforms.
- Dext: Offers direct integrations with major platforms like QuickBooks and Xero. The use and system dependability of these integrations are strong.
5. Bank Feeds and Live Data
- Puzzle IO: Connects directly to bank feeds to provide a real-time view of your finances.
- Dext: Integrates with bank feeds to help you reconcile expenses and get your financial data from your dext account in real-time.
6. Pricing and Free Trial
- Puzzle IO: The pricing for Puzzle IO is based on your needs, with different pricing plans available.
- Dext: You can try Dext and see how it works for your business with a free trial today.
7. Document Organization and Rules
- Puzzle IO: Organizes financial data through its categorization system and reporting.
- Dext: You can use supplier rules to organize your documents automatically. It also has tracking categories that can be performed triggered by a certain word in a document, helping you organize documents better.
8. Tax Details
- Puzzle IO: Helps you keep track of your financial data for tax season.
- Dext: Automatically extracts tax details from documents, making tax prep easier.
9. Receipt Bank and Other Tools
- Puzzle IO: It’s an all-in-one accounting solution.
- Dext: You can think of it as a modernized receipt bank, designed to be a core part of your accounting workflow, especially for data collection.
What to look for when choosing Accounting software?
Here are some key insights to consider:
- Financial Health: The software should give you an accurate picture of your financial health. You need to know your cash flow, burn rate, and cash runway.
- Ease of Use for Non-Accountants: It needs to be easy for non-accountants and startup founders to use. A simple setup and clear navigation are game game-changer.
- Automation: A good platform will automate tedious tasks like manual data entry, saving you time and reducing errors.
- Financial Management: The software should provide a complete financial management solution, from transaction categorization to tracking fixed assets and prepaid expenses.
- Real-time Data: Look for real-time insights into your financial health so you can make quick decisions. You need to know the current state of your company quickly.
- Integration with Other Tools: Make sure it can connect with your bank accounts, credit cards, and other tools you use.
- Tax Compliance: The software should make tax time easier by helping with revenue recognition and ensuring tax compliance.
- Scalability: Can the software grow with your company? Is it suited for an early-stage business but can handle growth?
- Expert Support: A good platform will give you access to a finance expert or a dedicated service to answer your questions.
- Final Thoughts: Don’t just wait; get your books up to date to impress investors. Using the right software will help you spend less time on spreadsheets.
Final Verdict
After all our testing, it’s clear that the choice between Puzzle IO and Dext depends on your needs.
For managing receipts and expenses, Dext is fantastic.
It’s a top-tier security solution and security service that helps small business owners manage expenses with a few clicks.
The Dext mobile app and mobile scanning make it easy to submit receipts and other financial documents via email submission or dext offers multiple ways to get documents in.
Its optical character recognition is a game-changer, removing hassle and manual entry by automating data entry.
You can even use supplier rules to store receipts and fetching invoices from vendors.
The system’s dependability is high, with a secure data flow to prevent online attacks and other errors.
While you might encounter a Cloudflare Ray ID found or malformed data occasionally, this is normal for a cloud-based service, and the Cloudflare Ray ID is simply a security measure.
However, for a bigger picture view of your business, we think Puzzle IO is the overall winner.
More of Puzzle IO
We’ve looked at how Puzzle IO compares to other accounting tools. Here’s a quick peek at their standout features:
- Puzzle IO vs Xero: Xero offers broad accounting features with strong integrations
- Puzzle IO vs Dext: Puzzle IO excels in AI-powered financial insights and forecasting.
- Puzzle IO vs Synder: Synder excels in syncing sales and payment data.
- Puzzle IO vs Easy Month End: Easy Month End simplifies the financial closing process.
- Puzzle IO vs Docyt: Docyt uses AI to automate bookkeeping tasks.
- Puzzle IO vs RefreshMe: RefreshMe focuses on real-time monitoring of financial performance.
- Puzzle IO vs Sage: Sage provides robust accounting solutions for various business sizes.
- Puzzle IO vs Zoho Books: Zoho Books offers affordable accounting with CRM integration.
- Puzzle IO vs Wave: Wave provides free accounting software for small businesses.
- Puzzle IO vs Quicken: Quicken is known for personal and small business finance management.
- Puzzle IO vs Hubdoc: Hubdoc specializes in collecting documents and extracting data.
- Puzzle IO vs Expensify: Expensify offers comprehensive expense reporting and management.
- Puzzle IO vs QuickBooks: QuickBooks is a popular choice for small business accounting.
- Puzzle IO vs AutoEntry: AutoEntry automates data entry from invoices and receipts.
- Puzzle IO vs FreshBooks: FreshBooks is tailored for service-based business invoicing.
- Puzzle IO vs NetSuite: NetSuite offers a comprehensive suite for enterprise resource planning.
More of Dext
We’ve also taken a look at how Dext compares with other expense management and accounting tools:
- Dext vs Xero: Xero offers comprehensive accounting with integrated expense management features.
- Dext vs Puzzle IO: Puzzle IO excels in AI-powered financial insights and forecasting.
- Dext vs Synder: Synder focuses on syncing e-commerce sales data and payment processing.
- Dext vs Easy Month End: Easy Month End streamlines the month-end financial closing procedures.
- Dext vs Docyt: Docyt uses AI to automate bookkeeping and document management tasks.
- Dext vs RefreshMe: RefreshMe provides real-time insights into business financial performance.
- Dext vs Sage: Sage offers a range of accounting solutions with expense tracking capabilities.
- Dext vs Zoho Books: Zoho Books provides integrated accounting with expense management features.
- Dext vs Wave: Wave offers free accounting software with basic expense tracking features.
- Dext vs Quicken: Quicken is popular for personal finance and basic business expense tracking.
- Dext vs Hubdoc: Hubdoc specializes in automated document collection and data extraction.
- Dext vs Expensify: Expensify offers robust expense reporting and management solutions.
- Dext vs QuickBooks: QuickBooks is a widely used accounting software with expense management tools.
- Dext vs AutoEntry: AutoEntry automates data entry from invoices, receipts, and bank statements.
- Dext vs FreshBooks: FreshBooks is designed for service-based businesses with invoicing and expense tracking.
- Dext vs NetSuite: NetSuite offers a comprehensive ERP system with expense management functionalities.
Frequently Asked Questions
Which software has better accounting and bookkeeping workflows?
Both are great, but Puzzle IO is more focused on a complete financial picture, including the general ledger. Dext works best for specific bookkeeping workflows, like expenses.
Can Dext automate receipt uploads?
Absolutely, Dext uses AI-powered technology to automate uploading and extracting data from receipts and invoices.
Which software is better for a small business?
Both can suit a small business, but Puzzle IO excels in planning, while Dext simplifies expense management.
How do the two handle expense claims?
Dext saves you time on expense claims by letting you capture receipts with its app, while Puzzle IO’s focus is broader, handling expenses within your full financial picture.
Do they integrate with QuickBooks Online?
Yes, both offer deep integration with QuickBooks Online, among several actions to help sync your financial documents and sales data to give you a more complete picture of your cost and sales data.
