Pros and Cons of Hubdoc 2023

what is hubdoc

Hubdoc is a data capture solution that gives you and your clients the tools you need to easily capture bills and receipts. 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. Hubdoc transactions are automatically matched to the corresponding transaction in the Xero bank feed, ready for one-click reconciliation. It actually does the data entry heavy lifting for you by reading key information from bills and receipts and turning it into usable data.

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.

Build the ultimate app stack to help skyrocket your practice growth

Once you start using it, you’ll question why it hasn’t always been how you manage your bills. So, if you’re tired of spending hours on end entering data into spreadsheets, then Hubdoc is the perfect solution for you. You can rest assured that we will work closely with you to create actionable business plans and accurate financial reporting. We offer our toolkit of financial intelligence that will be your greatest asset for business growth.

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.

Sync your documents and data to connected integrations

At least then, if there is a backup copy of the missing document, it can be re-uploaded. 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. All of the attachments sent will be uploaded automatically to your Hubdoc account. Alternatively, you can send your documents to (but only from the email address that you used to sign up for the software). Hubdoc is all about saving you time, reducing errors and automatically inputting data into your accounting software. So this is a simple tool for people who love efficiency.

  • In terms of user access, a lot of software packages offer the ability to restrict the role of other users.
  • Thus, getting set up and getting rid of your paper documents may take less time than expected.
  • Just scan or upload your documents, and Hubdoc will extract information from the documents.
  • If you’re worried about losing important information, Hubdoc is an excellent choice because it saves everything in the cloud whenever you need it.
  • Hubdoc has opened my eyes to how much quicker and seamless the process can actually be.

This integration means that manual input will be reduced, you’ll have a better workflow, be more organised and more efficient. One problem that may arise with having several people access a certain database is not knowing what was changed and who made the change. With this, it would be easier to check what specific receipt or bill was deleted.

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