Pemo's Receipt Verification
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Pemo's Receipt Verification simplifies expense reviews by automating critical checks. Using Pemo AI, it ensures your receipts and expenses are accurate and compliant, saving valuable time for accountants.
Receipt Verification is available on the expense Export Pages, making it easier to manage and verify expenses with confidence.
Receipt Verification is built right into the Pemo workflow for a seamless experience:
Receipts Upload: Pemo AI processes receipts as soon as they're uploaded.
Data Matching: Extracted data links receipts to their corresponding expenses.
Automated Checks: Pemo runs three key verifications to ensure accuracy and compliance.
Pemo AI conducts these essential checks on your receipts:
1. Amount & Currency Verification
Matches the expense amount and currency with attached receipts, ensuring accuracy. Verification is successful when at least one receipt matches the expense.
2. Date Verification
Confirms that the receipt date aligns with the expense date, ensuring proper record-keeping.
3. Tax Invoice Verification
Checks whether receipts qualify as valid tax invoices, following UAE corporate tax requirements. This verification is essential for VAT deductions and compliance.
Pemo Receipt Verification Statuses
At Pemo, we categorize receipts into three verification statuses to simplify expense management: Verified, Unverified, and Receipt Missing. Here’s a breakdown of each status and what it means:
This status confirms that:
The expense details (amount and currency) match perfectly with a previously uploaded receipt. The verificaiton was completely by Pemo's AI technology.
Additional criteria like the date and tax invoice may also align. Outcome: The receipt is successfully verified with no further action required.
This status means:
The receipt matches the expense based on partial criteria, such as the date or tax invoice.
However, the amount or currency does not match the details of the expense. Outcome: Partial verification—further review or updates may be needed to ensure accuracy.
This status indicates:
The expense does not match any previously uploaded receipt.
None of the verification criteria—amount, currency, date, or tax invoice—align with the expense details. Outcome: The expense remains unverified and requires a receipt upload for validation.
What to Do Next
For Unverified statuses: Double-check the receipt for discrepancies in amount or currency. Re-upload if needed.
For Receipt Missing: Upload a new receipt that matches the expense.
Receipt Verification helps:
Save Time: Reduces manual effort in reviewing receipts.
Ensure Compliance: Meets local tax regulations, like the UAE’s corporate tax requirements.
Improve Accuracy: Minimizes errors in expense reporting.
