Are you tired of month-end closing taking forever?
It can feel like a huge headache, right?
All those papers and numbers can get confusing.
Two of these are Dext vs Easy Month End.
Let’s take a look at how these tools can help you say goodbye to month-end stress!
Overview
We looked closely at both Dext and Easy Month End.
We tried them out to see how they work.
This helped us understand what each one is good at.
Now we can compare them and show you what we found.
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
This Easy month-end, join 1,257 users who saved an average of 3.5 hours and reduced errors by 15%. Start your free trial!
Pricing: It has a free trial. The premium plan starts at $45/month.
Key Features:
- Automated Reconciliation
- Streamlined Workflows
- User-Friendly Interface
What is Dext?
Okay, so what is Dext?
Think of it like a super smart helper for your papers.
It mostly takes care of things like bills and receipts.
You just snap a picture, and Dext gets all the important info.
Unlock its potential with our 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
What is Easy Month End
So, Easy Month End is like a helper for when the month finishes.
It tries to make closing your books easier.
Think of it as a way to keep all your money stuff in one place at the end of the month.
It helps you see what money came in and what went out.
Unlock its potential with our Easy Month End alternatives…
Our Take
Elevate financial accuracy with Easy Month End. Leverage automated reconciliation and audit-ready reporting. Schedule a personalized demo to streamline your month-end process.
Key Benefits
- Automated reconciliation workflows
- Task management and tracking
- Variance analysis
- Document management
- Collaboration tools
Pricing
- Starter: $24/month.
- Small: $45/month.
- Company: $89/month.
- Enterprise: Custom Pricing.
Pros
Cons
Feature Comparison
We looked at both Dext and Easy Month End closely.
This comparison shows what each tool is best at doing for your finance team.
1. Receipt Capture and Data Extraction
- Dext is an expert at automating data entry. It gives you multiple ways to capture receipts and other financial documents. You can use the Dext mobile app, send an email, or have it get receipts and invoices straight from suppliers.
- It uses OCR technology to quickly extract data and removes the need for manual entry.
- Easy Month End does not focus on the first step of data collection from documents.
2. Data Extraction Accuracy
- Dext (formerly Receipt Bank) is known for its high accuracy when using its optical character recognition to extract data. This helps you avoid errors.
- Easy Month End is a workflow tool, so data extraction is not its main job.
3. Accounting Software Direct Integrations
- Dext has deep integration with all major accounting software, like QuickBooks Online and Xero. This helps with a secure data flow of all your cost and sales data.
- Easy Month End also connects with QuickBooks Online and Xero. Its main goal is to pull balance sheets for reconciliation.
4. Supplier Rules and Categorisation
- Dext lets you set up supplier rules. You can tell the system how to handle documents from a certain word or supplier automatically. This makes bookkeeping workflows more efficient.
- Easy Month End does not have a feature for setting up these specific supplier rules.
5. Balance Sheet Reconciliation
- Easy Month End is made to handle the month-end process. It is excellent at balance sheet reconciliation. It connects to your accounting data, shows balances, and helps you get sign offs on all your reconciliations in one spot.
- Dext Prepare focuses on pre-accounting, but it supports bank reconciliation with its accurate data extraction and bank feeds.
6. Team Collaboration and Workflow Management
- Easy Month End is a strong workflow management tool for the finance team. It lets you make task checklists for the month-end process, assign work, leave comments, and track sign offs. This helps with team collaboration.
- Dext focuses more on the collaboration needed between small business owners and their accountants for submitting and processing documents quickly.
7. Audit Evidence and Compliance
- Easy Month End helps you collect audit evidence. It keeps a log of tasks, documents, preparer and reviewer sign-offs, and all in a single platform. This ensures compliance for auditors.
- Dext helps by keeping all your original documents and extracted data stored securely in the cloud.
8. Expense Claims and Management
- Dext gives employees an easy way to submit receipts and expense claims using the Dext mobile app. This makes it easy to track expenses and manage expenses.
- Easy Month End can track the task of reviewing expense claims, but it does not handle the initial receipt capture receipts and submission part.
9. Year End and Quarter-End Support
- Easy Month End works as a checklist for the month-end process, quarter-end, and year-end. You can manage all your recurring accounting and bookkeeping workflows from one spot.
- Dext provides consistent, accurate, and timely data, which is key for all those reporting periods.
10. System Dependability and Security
- Both tools offer a security solution for secure data flow.
- Dext has a strong reputation for system dependability in its data collection and extraction.
- Easy Month End offers a high level of security service and compliance features in its top pricing plans to protect financial data.
What to Look For When Choosing Accounting Software?
Here are the key things to look at when choosing the right tool to handle month-end for your finance team:
- Team Management and Efficiency: Look for features that support team management and make your finance team more efficient finance team. The goal is a smoother month-end close and an easier life for everyone.
- Reconciliation Speed: Does the tool help you achieve faster balance sheet reconciliations? This ability is a must-have to reconcile accounts quickly and stay on top of your balances.
- Workflow Flexibility: Make sure the system can handle more than just monthly tasks. Can it manage ad hoc tasks and recurring items? This expanded scope improves efficiency.
- Payment and Contract Terms: Check how you pay. Can you cancel easily? Is the price clear, or are there hidden fees? Avoid being locked into long contracts.
- Ease of Use for Your Team: The platform should be easy for your team to access and use. If your team is stuck using Excel and Outlook for tracking, you need a modern solution to reduce delays.
- Audit Readiness: The tool must reduce hassle with manual confirmations. It should keep track of every completed task and all supporting documents you upload or import.
- Support for Multiple Entities: If you manage several companies, you need the ability to handle multiple entities easily from one place.
- Support and Communication: Can you quickly answer questions or submit a support ticket? Good support makes your first month-end a breeze.
Final Verdict
After looking closely at both tools, we choose Dext as the better platform for your team. Why?
Dext works best at removing hassle from the start of your bookkeeping.
Its automation of manual data entry is top-notch.
You can collect receipts and invoices using mobile scanning or email submission in just a few minutes.
This helps your whole finance team save time. Dext saves hours every week!
Additionally, the accurate data it extracts makes expense management much easier.
Easy Month End is great for tracking finance team tasks, but Dext is better at getting the data in right away.
Your finance team deserves the efficiency Dext provides. Try Dext with their free trial today.
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.
More of Easy Month End
Here is a brief comparison of Easy Month End with some of the leading alternatives.
- Easy Month End vs Puzzle io: While Puzzle.io is for startup accounting, Easy Month End focuses specifically on streamlining the close process.
- Easy Month End vs Dext: Dext is primarily for document and receipt capture, whereas Easy Month End is a comprehensive month-end close management tool.
- Easy Month End vs Xero: Xero is a full accounting platform for small businesses, while Easy Month End provides a dedicated solution for the close process.
- Easy Month End vs Synder: Synder specializes in integrating e-commerce data, unlike Easy Month End which is a workflow tool for the entire financial close.
- Easy Month End vs Docyt: Docyt uses AI for bookkeeping and data entry, while Easy Month End automates the steps and tasks of the financial close.
- Easy Month End vs RefreshMe: RefreshMe is a financial coaching platform, which is different from Easy Month End’s focus on close management.
- Easy Month End vs Sage: Sage is a large-scale business management suite, while Easy Month End offers a more specialized solution for a critical accounting function.
- Easy Month End vs Zoho Books: Zoho Books is an all-in-one accounting software, whereas Easy Month End is a purpose-built tool for the month-end process.
- Easy Month End vs Wave: Wave provides free accounting services for small businesses, while Easy Month End offers a more advanced solution for close management.
- Easy Month End vs Quicken: Quicken is a personal finance tool, making Easy Month End a better choice for businesses needing to manage a month-end close.
- Easy Month End vs Hubdoc: Hubdoc automates document collection, but Easy Month End is designed to manage the full close workflow and team tasks.
- Easy Month End vs Expensify: Expensify is an expense management software, which is a different function than Easy Month End’s core focus on the financial close.
- Easy Month End vs QuickBooks: QuickBooks is a comprehensive accounting solution, while Easy Month End is a more specific tool for managing the month-end close itself.
- Easy Month End vs AutoEntry: AutoEntry is a data capture tool, whereas Easy Month End is a complete platform for task and workflow management during the close.
- Easy Month End vs FreshBooks: FreshBooks is for freelancers and small businesses, while Easy Month End offers a dedicated solution for the month-end close.
- Easy Month End vs NetSuite: NetSuite is a full-featured ERP system, which is broader in scope than Easy Month End’s specialized focus on the financial close.
Frequently Asked Questions
What is the main difference between Dext and Easy Month End?
Dext focuses more on automation like receipt and invoice processing and integrates with many accounting software options. Easy Month End is simpler and mainly helps organize the month-end closing process.
Which one is better for a small business?
Dext is often better for a small business wanting to automate tasks like expense reports and data entry, saving valuable time and improving accuracy.
Does Dext or Easy Month End offer a free trial?
Yes, Dext offers a free trial so you can test its features before committing. Easy Month End may also have a trial, but it’s good to check their website for details.
Can my accountant use Dext or Easy Month End?
Yes, accountants often find Dext very useful due to its advanced features and integration capabilities. Easy Month End can also be helpful for basic bookkeeping tasks.
Is Dext or Easy Month End easy to use?
Dext is generally considered very user-friendly with a well-designed mobile app. Easy Month End aims for simplicity, but some users find Dext’s interface more intuitive.
