Case Study: Cornerstone boosts bookkeeping efficiency and profitability with Receipt Bank

How Cornerstone Used Receipt Bank to Go From Paper to Profit

Cornerstone, an Australia-based cloud bookkeeping practice in Sydney, was struggling with time-consuming paper-based workflows, manual data entry, and clashes between digital and manual systems. With Receipt Bank and Xero in place, the firm needed a better way to streamline information capture and reduce the burden of processing receipts and transactions.

Receipt Bank helped Cornerstone automate data submission and extraction while managing workflows through its practice platform. As a result, Cornerstone doubled the number of clients each bookkeeper could handle and saved at least 2 hours per week per client, while also improving visibility, profitability, and the ability to focus on higher-value services.

Cornerstone

Tim Hoopmann

Founder