Hubdoc does the data entry by reading key information from bills and receipts and turning it into usable data. Hubdoc, a Xero-owned company, helps you spend less time chasing financial what is hubdoc documents, and more time running your business. Since being acquired by Xero, Hubdoc continues to evolve into a feature-rich platform for Xero users to capitalize on.

• Xero provides resources to help practices set up Hubdoc for their own use, and easily onboard small business clients.
• It is still a good idea to have backup storage when using the software.
• Once documents have been seamlessly uploaded to Hubdoc, the key data is extracted and synced to Xero as accurately coded transactions with the source documents attached.
• Email your documents – Upon signing up, you will be given a unique email address where you can send your receipts, bills, and any other documents from any email address.

Hubdoc connects to Xero, QuickBooks Online, Bill.com, and cloud storage platforms. With Hubdoc, you can scan thousands of receipts per month and only pay $12 per month. You can now easily track your expenses and see how much you spent on each item. With this feature, you’ll know exactly how much you’re spending on any given purchase. Scanning your documents into Hubdoc will reduce the number of paper copies you need to file away. You’ll also avoid wasting trees and resources by not printing duplicate copies of your documents.

Do you use Hubdoc?

We save you money the moment you hire us by cutting out the expensive cost of hiring an in-house CFO. Check out our webinar, Simplifying bill payments for your business, to find out more ways you can streamline your processes. Believe me when I say that I have “been there and done that” when it comes to chasing clients for invoice records. Hubdoc has opened my eyes to how much quicker and seamless the process can actually be.

Sync your accounts – This may be the most helpful feature of Hubdoc. One can just connect their key accounts and be notified if there is a new statement or a bill that is due. You can connect your bank accounts as well as the vendors who regularly send your utility and telecom bills. Instead of logging into multiple online accounts to check your statements and bills, you can view all of them with just your Hubdoc credentials. We’ve established that managing bill payments has historically been labour intensive, but what does this actually mean for clients? To put it simply, clients lack visibility of their cash flow.

Taking it to the next level through Pay with Wise

Just scan or upload your documents, and Hubdoc will extract information from the documents. Hubdoc is also a popular add-on for accounting software. It integrates seamlessly with both QuickBooks Online (QBO) and Xero. In QBO, transactions are being entered automatically based on the information being sent by Hubdoc. Thus, using both software packages together can totally eliminate data entry while giving you more confidence that your books are in order.

• So, if you’re tired of spending hours on end entering data into spreadsheets, then Hubdoc is the perfect solution for you.
• Sync your accounts – This may be the most helpful feature of Hubdoc.
• The company has been working toward integrating Hubdoc and Xero so that accountants, bookkeepers, and small businesses worldwide can benefit from seamless bookkeeping.
• Scanning your documents into Hubdoc will reduce the number of paper copies you need to file away.
• Since being acquired by Xero, Hubdoc continues to evolve into a feature-rich platform for Xero users to capitalize on.
• Or, you can set up the Email Forwarding option so that every new document uploaded to Hubdoc will be forwarded to an email address.

In addition to saving time, Hubdoc is an excellent option for those who want to stay organised. You can easily access all of your documents from anywhere at any time. This means that when your client messages you with a document such as a receipt, you can send it to hubdoc directly from the chat with a quick click of a button. From there, the important information from the receipt will be extracted and sent to your accounting software of choice, such as Xero.

Hubdoc Technical Details

Seamlessly match transactions with your bank feed so you have reconciled, up-to-date financials. So, these are the top reasons why businesses should consider using Hubdoc. Working with a remote bookkeeping service will still provide you with all the value you could get from an in-office bookkeeper but at a fraction of the cost. You can even test it for 14 days to determine if it’s really what you need.

• You can now easily track your expenses and see how much you spent on each item.
• Hubdoc connects to Xero, QuickBooks Online, Bill.com, and cloud storage platforms.
• One of the most valuable features of Hubdoc is the ability to extract information from receipts, invoices, or bills.
• Once you delete a document or an account in Hubdoc, it will be lost if you haven’t downloaded it and saved it to your hard drive.
• It’s no secret that bill payments have traditionally been a slow and painful experience – a necessary evil for many business owners.

Hubdoc is an online application that lets you automatically extract vital information from your receipt, invoice, or bill. You don’t have to chase documents at the end of the month, quarter, or year. All your financial documents are securely stored and managed from one place, giving your business peace of mind. Plus, you will have unlimited access to multiple collaborators.