Hubdoc Company Profile

Say goodbye to chasing documents and data entry and say hello to increased productivity. Every time a document is uploaded or fetched, Hubdoc seamlessly creates transactions in your accounting with key data inputted and source documents attached. Provider of a cloud accounting platform intended to automate the financial document collection and processing.

• Both these applications work well and either would make a good pre-accounting package for a small or medium-sized business.
• Give it something descriptive, like “Office ScanSnap Scanner.” Then press “Allow” and finally “Add.” And you’re done!
• Your system will then match the transaction to its bank feed.
• Both applications are easy to use, but Hubdoc has a few annoying features that make life more difficult than it could be.
• It handles most expenses, but not mileage – however, it integrates with Tripcatcher for the purpose, so you can still capture mileage, which is particularly useful for tax purposes.
• Digitizing and automating the process frees up your time to focus on more useful things.

“One of the challenges is having them understand how to get their books done properly and doing that quickly,” he said. Shulman will concentrate on taking the A2X process and business to merchants in the accounting and bookkeeping community, while McDonald works with the product and engineering teams to build out the product. “Hubdoc is a must-have app for anyone interested in automating their bookkeeping workflow and eliminating data entry. It has changed the way we run our business.” With Hubdoc, you can import all your financial documents & export them into data you can use. We usually give quite a lot of coverage to reporting features. However, this isn’t the most important functionality for these applications, since the reporting you really want will occur in your accounts system.

Getting Less User Friendly

More time to help eCommerce clients flourish Discover how Australian accounting firm Creditte uses A2X to automate bookkeeping processes, saving hours of data entry. With that time, the team can focus on high-value advisory tasks that will help clients build better eCommerce businesses. Sync your bills, receipts and invoices and their data to your accounting software. Hubdoc integrates seamlessly with Xero, Quickbooks and Bill.com. Hubdoc integrates seamlessly with Xero, Quickbooks Online and Bill.com. Accounting and bookkeeping practices can use Hubdoc to save time chasing documents from clients, do less data entry, and check transactions against original documents.

• Both apps are user-friendly and simple, but Receipt Bank just edges into first place with its simplicity of format and good user reviews.
• It allows document storage and email forwarding, as well as syncing with a bookkeeping software.
• With Hubdoc, you can import all your financial documents & export them into data you can use.
• Hubdoc is one of our favorite apps here at Entreflow, it’s a perfect place for us to store all of our client’s documentation.
• Receipt Bank has a more complex structure, costing from $10 a month for single-user access,up to $40 for as many as 20 users.

Receipt Bank has excellent customer service which can be accessed from within the application or from within the mobile app. Support can also hubdoc be accessed from the Receipt Bank website during business hours. Receipt Bank gets particularly good reviews from users on the app store.

Few Concerning Data Privacy Points About Hubdoc

I was disappointed that the program does not allow us to setup suppliers on the fly that are in a currency other than our native one (other than the one setup as the “main” one in QBO). I also would get a bit frustrated when the syncing would randomly stop for the banks . Overall I was very happy with the software and when I was working as an online accountant, all my… So we’re able to get all of the documentation that we’re required to close their books super easily. It fetches statements, our client statements directly from the source. So, all of their bank statements, phone bills, hydro bills, any kind of account or they’d have a regular statement, it fetches those as soon as they’re released and brings them to us. One year later, New Zealand FinTech company Xero acquired Hubdoc.

It also intelligently creates file names for documents based on their content, so you know what invoice relates to what customer, or where a receipt originated from. They have a unique email address that they’re given through Hubdoc. Integration with accounting software including Xero, QuickBooks Online and Bill.com allows up-to-date data to be synced within applications. One-time account adding automatically retrieves latest bills and statements, building a historical document archive.

Integrating Hubdoc, Scansnap And Bookkeeper360 For A Better Back Office

Then you won’t have to intervene manually at all – bills and receipts will automatically go straight through to your accounts system. Your first step will be to open the application and click on “Scan Settings.” If you’re on MacOS, you can save a bit of time by pressing CMD+S. Then, tap the ScanSnap Cloud button in the top-right corner (this looks a bit like a grey cloud with an “S” in the middle). Under “Modify settings for each document type,” select the category of document you wish to send to HubDoc. This can include anything from documents and receipts to business cards, photos and more.

It handles most expenses, but not mileage – however, it integrates with Tripcatcher for the purpose, so you can still capture mileage, which is particularly useful for tax purposes. That’s annoying if you have hotel bills which run over on to a second page. Hubdoc compounds this security issue by not having an audit log, so you can’t go back to see who changed a total or added a given vendor account. While you still have date and time stamps on each item scanned or photographed, you can’t be sure that all the items that should be there, are actually there, either. Both apps are user-friendly and simple, but Receipt Bank just edges into first place with its simplicity of format and good user reviews. Consultance Accounting leverages the best people, processes and technology to help small and medium-sized organizations achieve success. Consultance Accounting leverages the best people, processes and technology to help small and medium-sized organizations excel.

He’s all about the tech – a workflow automation expert and self-proclaimed “recovering appaholic”. So it makes sense that in 2011, Jay rolled everything he knew about accounting and systems into one – launching his cloud-based accounting firm.

A2x Reduces Business Owners Stress, Says The Digital Cpa

For more information, see the developer’s privacy policy. Sign up for a personalized demo of the app and get 20% off your first three months of services. Access all Xero features for 30 days, then decide which plan best suits your business.

It’s robust and while it may not have huge ambitions as an app, compared to more complex accounts apps, it does its job reliably and well. Hubdoc opens up showing a simple folder structure, which is very easy to use even for technophobes.

Configure A Rule To Sync Data To Sharefile

However, you can get a free ride – if you use Xero as your accounting package, on a business edition pricing plan, you’ll get Hubdoc as part of your subscription. Both these applications are priced on a monthly basis, and both have a short free trial so you can easily find out whether they save you time and add value to your business. However, Receipt Bank manages to just edge ahead in a number of categories and makes it our first choice. For instance, it integrates with Tripcatcher to offer mileage capture; it has user permissions which you can configure to suit your organization’s needs; and it’s a bit simpler, quicker, and more streamlined. Both applications have very similar features, but Receipt Bank has a little more finesse.

The most successful ecommerce businesses and bookkeepers use well-documented processes. Get your ecommerce bookkeeping ready to scale with our free checklist.

Launched in 2014, Hubdoc’s accounting platform automatically collects and analyzes business documents for financial reporting, reconciliation, and audit-proofing. Co-founders and co-CEOs Shulman and McDonald launched Hubdoc after their accounting experience with their former lead generation business, Spark. Hubdoc, a Xero-owned company, helps you spend less time chasing financial 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.

Hubdoc focuses on data capture, categorization and storage and it’s very good at what it does. However, Receipt Bank does have a little more finesse, for instance with user permissions, and with the ability to split invoices. It has more integrations, and is a bit more streamlined; it’s also a bit more speedy, while some users report Hubdoc can be slow. Neither of these software applications requires installation, and they’re both quite easy to configure. But you’ll want to do the initial preparatory work if you want to save time through automation. First off, both need to be synced to your chart of accounts – the hierarchy of accounting items in your accounts package.

Go paperless by photographing documents via the mobile app before https://www.bookstime.com/ scans and extracts the data. When you connect your accounts, Hubdoc retrieves your recurring bills and statements and adds them to your cloud account. When you connect your accounts, your recurring bills and statements will be retrieved by Hubdoc and added to your cloud account. You don’t have to chase documents at the end of the month, quarter, or year.

Give it something descriptive, like “Office ScanSnap Scanner.” Then press “Allow” and finally “Add.” And you’re done! After this point, HubDoc will receive any of the documents you scan, provided they’re in the correct format.

How Does Hubdoc Affect You And Your Business?

It also has no user access controls, and that, for us, makes it a difficult choice for businesses which have grown beyond a small number of users. Anyone allowed in has full access to the account, can modify, add, delete vendor accounts and receipts. Digitizing and automating the process frees up your time to focus on more useful things. That’s where pre-accounting tools like Hubdoc and Receipt Bank come in.