What is HubDoc?
Do you know, As per the HubDoc survey, “advisors spend 25% of their time getting documents from their clients?”
To save time and bring automation to bookkeeping, HubDoc, a Xero company, launched a bill management software solution. With HubDoc software, you don’t need to chase your clients anymore to gather the financial documents.
HubDoc is a cloud accounting application that allows you to collect and store all your financial documents in one place. It enables users to capture and sync receipts, bills, bank statements, and other financial docs. It saves you lots of time when it comes to data entry.
All data available in HubDoc is “verified” with the source document. In addition, the app uses bank-level security to keep the data safe with 256-bit SSL security protection and SSL/TLS security.
Who uses HubDoc?
Any startup, small or medium-sized (SMEs) accounting and bookkeeping enterprises looking for an affordable document management system can use HubDoc. It is a great app to store information in a format that makes it easy to find.
Users can access the HubDoc app via mobile, android, iOS, and cloud.
Primary Features of HubDoc
- Automatically fetch all key data from bills, bank statements, invoices and receipts at a single platform
- Integration with other accounting software like Xero automatically allows you to easily enter invoices and receipts into your accounting records.
- Capture bills and receipts on your mobile into Xero via HubDoc
- Access real-time data via mobile, android, iOS, and cloud to get an up-to-date set of books.
- Extracts key data from documents such as suppliers name, invoice number, date, and total amount using Optical Character Recognition (OCR)
- Automatic backup of documents that are synced to your accounting software.
- HubDoc supports integration with
- Bill.com,
- Bookkeeper360,
- Box,
- Desktop.com,
- QuickBooks,
- Shift,
- SmartVault, and
- Xero
Other features:
- Audit trail
- Barcode integration
- Billing and invoicing
- Payroll management
- Email integration
- Tax management
- Data import and export
- Expense tracking
How does HubDoc work?
- Once you sign up to HubDoc, it automatically creates a personalized email address for you.
- After signing up, you just simply need to click a photo of the data, such as receipts, bills, or invoices, with the mobile app. HubDoc will scan the documents.
- Users can easily access the copies of scanned files that are stored in customizable folders.
- After that, you can directly integrate the financial data from uploaded documents in HubDoc with accounting software such as Xero, Quickbooks online and Bill.com.
- HubDoc reads the key information from bills and receipts such as supplier names, amounts, invoice numbers, and due dates and records the data entry in the accounting software.
Conclusion
HubDoc is the best document management solution that makes data extraction and booking easy for businesses. It helps to improve the efficiency of businesses and saves countless hours of human intervention.
So, if you’re looking for an application to automate receipts and expenses, this is a good option.
