Getting Started with VAT Invoice Automation
Managing VAT invoices manually is time-consuming and error-prone. Every invoice requires careful data entry, verification, and organization. For UK and EU small businesses, this administrative burden can take hours every week.
The Problem with Manual Invoice Processing
Small business owners face several challenges with traditional invoice management:
- Time-consuming data entry: Manually typing supplier details, amounts, and line items from each invoice
- Human error: Mistakes in data entry can lead to accounting discrepancies
- Poor organization: Physical or digital piles of invoices that are hard to search and manage
- VAT quarter stress: Scrambling to gather and organize invoices when filing deadlines approach
How VATextract Solves This
VATextract automates the entire invoice data extraction process using advanced OCR technology. Here's how it works:
1. Upload or Forward Invoices
You have two easy options:
- Upload directly through the dashboard
- Forward via email to your unique
@vatextract.comaddress
2. Automatic Data Extraction
Our OCR engine automatically extracts:
- Supplier and receiver information
- Invoice numbers and dates
- Total amounts, VAT amounts, and net amounts
- Individual line items with descriptions and prices
- VAT breakdown by rate
3. Organized Storage
All invoices and extracted data are securely stored and easily searchable in your dashboard.
4. Export for Accounting
Export your data in Excel or CSV format, perfectly formatted for:
- VAT quarter filings
- Accounting software import
- Financial analysis and reporting
Getting Started in 3 Steps
- Sign up for a VATextract account
- Forward your first invoice to your unique email address or upload it
- View the extracted data and export when ready
It's that simple. Start saving hours of manual work today.
What's Next?
In our next post, we'll dive deeper into how to organize your invoices for efficient VAT quarter filing.