Xero with Hubdoc
Xero with Hubdoc
Xero – cloud accounting system has added a cool new feature that replaces manual data entry. With the integration of Hubdoc to Xero, the process of entering bills and receipts is automated. This simplifies bank reconciliation and giving you a better view of how your business is doing.
A user that subscribe to any of the plans can enjoy this additional feature (Capture bills and receipts with Hubdoc) on top of the regular features such as:
- Send invoices and quotes
- Enter bills
- Reconcile bank transactions
- Handle multiple currencies (only for Premium)
- Show all features
- Invite unlimited users
- Financial performance reports
- Online accounting dashboard
- Integration with 800+ apps
How do Hubdoc works?
Hubdoc uses technology that can extract key data from the bills and receipts digitally, such as date, invoice number, supplier/vendor name, currency, pricing, and sale tax rate. There are 3 ways to upload the documents into Hubdoc.
- Mobile Applications – Simply snap a photo of the receipts, invoices, or bills with the Hubdoc mobile application. The data will then be stored in the system and ready to be published into Xero.
- Emails – An Email address will be created automatically once you sign up with Hubdoc. Documents that are sent to the assigned email address will be extracted into the system.
- Scan/upload – Scanned copy of the receipts, invoices, statements or bills which are being uploaded through the account will be processed automatically.
What are the benefits of using Hubdoc?
Physical documents and all the financial records are organised automatically for you. The documents will be digitalised, stored and backed up in the system forever with the ability to view anytime, anywhere.
It replaced manual data entry that often causes inaccuracy due to human error. And with this feature, the accounting process will be seamless. It is a great collaboration tool for bookkeepers, accountants and colleagues. Annual compliance filing can be complete within the dateline when accounting becomes more efficient.
Where to sign up?
No separate subscription is required when you sign up with any Xero plan. Hubdoc is included in Xero Starter, Standard and Premium plan as long as it’s connected to your Xero subscription. When you set up a new Hubdoc organisation on or after the 18th of March 2020, Xero will set up the connection between Hubdoc and Xero for you.
