What is Hubdoc, and what are its benefits?
If you love manual entry then stop reading.
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.
Hubdoc automatically extracts vital information from receipts, invoices or bills. This way, you don't have to spend time entering data manually. Hubdoc was founded in 2011 and has grown to millions of customers worldwide. The company provides a monthly subscription service for individuals and businesses.
Hubdoc is an excellent tool for anyone who wants to get organised. It allows you to extract important financial information from any document. In minutes, you can also create reports and export the data into other applications such as Xero accounting systems.
This article will discuss what does Hubdoc does and its benefits.
What is Hubdoc?
Hubdoc is an online application that lets you automatically extract vital information from your receipt, invoice, or bill. As a result, you don't have to enter data manually.
You can use Hubdoc to:
• Automatically extract information from receipts, bills, and invoices into Hubdoc
• Create professional-looking invoices
• Export all of this data into the Xero accounting system or another accounting system
So, if you're tired of spending hours on end entering data into spreadsheets, then Hubdoc is the perfect solution for you.
In addition to saving time, Hubdoc is an excellent option for those who want to stay organised. You can easily access all of your documents from anywhere at any time.
What are Hubdoc's best features?
One of the most valuable features of Hubdoc is the ability to extract information from receipts, invoices, or bills. For example, you can use Hubdoc to extract information from your credit card statements, utility bills, receipts, invoices, or bills. These documents contain valuable information that you need to keep track of.
With Hubdoc, you can even automate extracting information from your receipts. As a result, you won't have to worry about missing out on anything when tracking your expenses.
If you're worried about losing important information, Hubdoc is an excellent choice because it saves everything in the cloud whenever you need it.
Another benefit of using Hubdoc is that it allows you to snap a photo of the document with the app, which means you'll never lose a receipt again. As a result, you can spend less time searching for lost receipts and more time focusing on running your business. Just scan or upload your documents, and Hubdoc will extract information from the documents.
Finally, Hubdoc is very user friendly. Even though it looks complicated, it isn't. Once you've used it once, you'll be able to navigate around without needing help.
How Can Businesses Benefit From Hubdoc?
As mentioned above, Hubdoc is a great way to save time and money. However, there are many other benefits associated with using the app.
Here are some of the ways that businesses can benefit from Hubdoc:
1. Save Time
Since Hubdoc automatically extracts information from your receipts, invoices and bills, you no longer have to enter data manually. Instead, you can focus on other things in your business.
2. Increase Productivity
Using Hubdoc allows you to create professional-looking invoiced quickly. Hubdoc has been explicitly designed to make creating invoices as simple as possible. As a result, it increases productivity.
3. Stay Organised
Hubdoc helps you to stay organised by allowing you to store all of your documents in one place. So, whether you're travelling, working from home, or just taking a break, you'll always know where to find your documents.
4. Reduce Paper Waste
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.
5. Automate Your Data Entry
By automating the process of entering data, you'll free up time to focus on what matters most – growing your business.
Hubdoc makes it easy to keep track of your expenses and ensure that they match up with your bank statements.
6. Track Expenses
You can now easily track your expenses and see how much you spent on each item. With this feature, you'll know exactly how much you're spending on any given purchase.
7. Easily Manage Accounts
You can now manage multiple accounts at once. For instance, if you run several restaurants, you can add them all to Hubdoc at once. Then, you can view all of your restaurant's financials together.
8. Reduce Costs
With Hubdoc, you can scan thousands of receipts per month and only pay $12 per month.
9. Grow Your Business
Hubdoc allows you to take control of your finances and grow your business. If you use Hubdoc, you won't ever lose another receipt again!
So, these are the top reasons why businesses should consider using Hubdoc.
Which Xero plans will include Hubdoc?
Hubdoc joined Xero in July 2018. The company has been working toward integrating Hubdoc and Xero so that accountants, bookkeepers, and small businesses worldwide can benefit from seamless bookkeeping.
Hubdoc has been included with the following Xero plans since March 18, 2020:
Early, Growing, and Established (USA)
Starter, Standard, and Premium (Asia, Australia, Canada, Europe, Middle East, New Zealand, United Kingdom)
Neither the Cashbook nor Ledger plans include Hubdoc.
How Much Does Hubdoc Cost?
Pricing for Hubdoc is another topic that interests many during their decision-making process. A 14-day free trial is available on Hubdoc, and no credit card is required.
It is incredible because you can try it out and see if it's what you're looking for without making any commitments.
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.
Plus, you will have unlimited access to multiple collaborators. Sometimes Hubdoc also offers excellent pricing deals, such as 50% off the first six months for new users.
Timworks and Hubdoc
Timworks integrates fully with hubdoc. 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.
Conclusion
Hubdoc is a fantastic tool for anyone who wants to get organised. Whether you're looking to cut down on paperwork or want to automate your bookkeeping process, Hubdoc is the perfect solution.
In addition, Hubdoc saves you both time and money because you don't have to print out duplicate copies of your documents anymore.
So, what are You waiting for? Start saving time and money today by using Hubdoc.
