When you run a business, you encounter financial documents in the form of receipts, hardcopy bills and statements, or even receiving softcopies through email templates. Usually, it would then be translated into entering those financial documents manually into your accounting system. But you don’t have to farm this habit with Hubdoc!
This data capture tool is one that favors company accountants. It will eliminate manual data entry while allowing access to all bookkeeping data, all directly from Hubdoc. The Xero integration with Hubdoc will get Xero to sync all bills and receipts from Hubdoc to match your bank feeds (See, the ecosystem is all connected!). You can get both your employees and accountant to access the platform with customizable permissions based on users’ level of access such as upload only, standard, or accountant/bookkeeper.
How it works:
Hubdoc is already included in your Xero business edition subscription. All you need to do is setup a Hubdoc organization with an email address, or connect your existing Hubdoc organization to your Xero account. Once connected, you can now upload documents and create automatic transactions with Xero. The easiest and most direct method is snapping a picture of the bill through the mobile app.
Alternatively, you can also upload documents from your desktop or forward those invoicing emails to Hubdoc. Then, Hubdoc scans and reads the key information from your documents to be input for data entry and stores them in a central online platform to be streamlined to Xero.
Hubdoc is used best to process business expenses. It definitely shouldn’t be used as independent software alone!