Document type

Intelligent Receipts Processing

Extract data from retail, restaurant, and service receipts with high accuracy, including line items, taxes, and payment information.

97.8%Accuracy

90%Time Saved

24/7Processing

Processing Steps

How to Process receipts

Follow these simple steps to extract data from your receipts

Take a photo or upload a digital copy of your receipt

Our system enhances the image quality for better recognition

AI extracts all relevant fields including line items and totals

Automatically categorize expenses for accounting purposes

Extracted Data

ParseIQ automatically extracts and validates these fields from your documents

Field Name	Type	Required	Description	Example
merchantName	string	Yes	Name of the merchant or business	N/A
merchantAddress	string	No	Address of the merchant	N/A
merchantPhone	string	No	Phone number of the merchant	N/A
receiptNumber	string	Yes	Unique identifier for the receipt	N/A
transactionDate	date	Yes	Date when the transaction occurred	N/A
transactionTime	time	No	Time when the transaction occurred	N/A
lineItems	array	Yes	List of purchased items with quantities, prices, and descriptions	N/A
subtotal	number	Yes	Sum of all line items before taxes and discounts	N/A
taxAmount	number	Yes	Total tax amount applied to the transaction	N/A
tipAmount	number	No	Amount of tip or gratuity	N/A