Data capture Hubdoc

​While PandaDoc isn’t used for financial audit or bookkeeping purposes, it’s often appreciated by specialists from related industries. Despite being around since 2013, the app surprisingly doesn’t have that many online reviews, so it’s hard to tell. The app is exclusively used by users that work in accounting and what is hubdoc finances and mostly has favorable reviews. The app relies on its integrations with Excel to locate and reference required data as well as entire documents. The second largest group of reviewers indicates their industry as management consulting, which shows the app’s popularity among independent businesses.

Can you explain the difference between Hubdoc and Expenses?

Since Hubdoc joined forces with Xero, our goal has always been to deeply integrate the two products, and bring Hubdoc’s time-saving benefits to all Xero customers. Hubdoc does the data entry by reading key information from bills and receipts and turning it into usable data. The app’s dashboard provides extensive insight into data trends and risk characteristics that can be of great value for financial agencies carrying out contract risk management for clients. We’ve also set up permissions in Expenses, so employees can’t access accounts payable documents that people using Hubdoc can access. You may not want your employees to see your bills or payroll documents, for instance.

How will Hubdoc technology be used more broadly within Xero?

Since being acquired by Xero, Hubdoc continues to evolve into a feature-rich platform for Xero users to capitalize on. Accounting and bookkeeping practices spend hours of their time chasing client documents and doing manual data https://www.bookstime.com/ entry. With Hubdoc, these tasks are automated, so you and your clients get that time back plus the accurate data you need to make better decisions. Employees want the process to be seamless, so they get reimbursed quicker.

• Using Hubdoc allows you to create professional-looking invoiced quickly.
• We’ve also set up permissions in Expenses, so employees can’t access accounts payable documents that people using Hubdoc can access.
• You can leverage that newfound time to serve far more clients than you did before, while providing a higher quality of service — a faster close, a paperless experience and audit-proof books.
• Since Hubdoc joined forces with Xero, our goal has always been to deeply integrate the two products, and bring Hubdoc’s time-saving benefits to all Xero customers.
• All your financial documents are securely stored and managed from one place, giving your business peace of mind.

Behind the tech: How Hubdoc is supercharging automation in Xero

• Xero provides resources to help practices set up Hubdoc for their own use, and easily onboard small business clients.
• Hubdoc started as a data capture company and was later integrated into the ultimate tool for bookkeeping after Xero acquired it.
• The AuditFile’s real-time dashboard seems to be an excellent choice for managers who need a bird’s-eye view of the whole audit process.
• Xero Expenses lets them take a photo of the receipt and toss the physical receipt in the bin.
• PandaDoc is a useful addition to any of the other tools mentioned above, and you are also free to choose any of the 900+ apps that PandaDoc currently supports.

Users point out that DataSnipper is good in terms of feature compilation, as most appear to be really useful. Powered by AI, it allows for spotting anomalies in monetary flows that can create potential risks. AppZen is an app that other finance industry types will appreciate more so than accountants.

Integrating Xero and Hubdoc is an ongoing journey and we are continually investing in the integration to make it an increasingly seamless experience. Access Xero features for 30 days, then decide which plan best suits your business. 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.

What is Hubdoc and How Can Businesses Benefit From It?

If you find out Hubdoc is the best option for your business, you will have to pay only $12 USD per month, which is affordable, even for startups. With Hubdoc, you can scan thousands of receipts per month and only pay $12 per month. Hubdoc makes it easy to keep track of your expenses and ensure that they match up with your bank statements.

• When it takes a fraction of the time for accountants and bookkeepers to close the books for a client, the game really changes.
• The company provides a monthly subscription service for individuals and businesses.
• Some users pointed out some minor interface issues, though nothing critical.
• With Hubdoc, you can scan thousands of receipts per month and only pay $12 per month.

Start using Xero for free

Since Hubdoc automatically extracts information from your receipts, invoices and bills, you no longer have to enter data manually. 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. This integration means that manual input will be reduced, you’ll have a better workflow, be more organised and more efficient.

DataSnipper