Hubdoc Reviews 2022

I did not find an option to select multiple documents to download at once, although it may exist. For many financial institutions, Hubdoc downloads the .CSV of the monthly transactions, which is invaluable for batch data entry.

• One can just connect their key accounts and be notified if there is a new statement or a bill that is due.
• Hubdoc is a data capture solution that gives you and your clients the tools you need to easily capture bills and receipts.
• Once you delete a document or an account in Hubdoc, it will be lost if you haven’t downloaded it and saved it to your hard drive.
• Give it some time, and then log in and review the results.
• Hubdoc is ideal for small and medium-sized businesses and a subscription starts from $20 per month it is also compatible with iOS, Android, PC, and Mac.
• Hubdoc was founded in 2011 and has grown to millions of customers worldwide.

Get copies of documents and key data into Xero automatically. Hubdoc is all about saving you time, reducing errors and automatically inputting data into your accounting https://www.bookstime.com/ software. Some users also mark the superior ease of setup of AppZen and risk management features, although Hubdoc seems to be doing a better job at automation.

Four Ways to Use Hubdoc

There are plenty of data capture and automation apps to choose from as we head into 2023. The only thing that got our attention was that some users pointed out the necessity of having a financial or accounting background to use this app effectively. Some negative reviews on TrustRadius mention “siloed modules” that users understandably don’t like so much. Reporting doesn’t seem to be perfect either, but SAI360 has been gradually improving, according to the app users. 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. ​While PandaDoc isn’t used for financial audit or bookkeeping purposes, it’s often appreciated by specialists from related industries. And for those looking for greater efficiency in teamwork, the app offers some project management features as well.

It is true that there are other applications available that are totally free, but they can only provide some of what Hubdoc offers. Small businesses need every advantage they can get to compete with larger companies with bigger budgets. You may not have the biggest accounting and bookkeeping staffs, but your software can do the job and save you time. It’s also important to note that Hubdoc software is “read-only.” That means no one, including you, can make account changes due to their limited access to your accounts, bills and statements. Hubdoc converts all these documents into usable data you can export into your accounting software.

How does Hubdoc Affect You and Your Business?

As your firm grows, workflows become more complex, clients need… For Canadian clients I currently have 20 Hubdoc accounts available free for up to six months based on a 12 month commitment, effectively 50% off for a year! Either sign up for a QuickBooks Plus or Essentials Plan, or contact us to transfer your what is hubdoc existing plan to MyCloud Bookkeeping to take advantage of this offer. This actually works better than the way QBO itself handles this scenario (QBO doesn’t handle it). I mostly use Hubdoc to fetch client’s statements and vendor bills/statements. I use it less for receipt/bill/statement processing into QBO.

• “Hubdoc’s add-on is a must- have service for any small business owner. It saves an enormous amount of time and reduces paper files.”
• Trying to make your balance sheet work properly at the end of the month can be difficult, especially considering how much information accountants have to chase.
• Choose from user roles like upload only, standard, or accountant/bookkeeper.
• You can also forward email paperwork to Hubdoc and they will extract key data for you.
• If you provide solid up-front training, and help your clients get into the habit of using the Hubdoc mobile app or other upload options on a daily or regular basis, then the system works best.
• I then must use the “Rotate” button to correct the orientation.

Some users pointed out some minor interface issues, though nothing critical. Users point out that DataSnipper is good in terms of feature compilation, as most appear to be really useful. Just from a glance, one can spot the most noticeable difference about this app, which is by far the largest number of languages supported (over 100!). This may very well be the reason why users consider looking for a suitable alternative. To make matters even worse, most of these documents come in different shapes and sizes.

Hubdoc Inc.

All of your documents are automatically backed up to Cloud servers in Hubdoc. You can also use the Box feature to create copies as needed. One popular application that is leading the wayis Hubdoc. A storage solution that aims to eliminate your need for data entry. In addition, Hubdoc saves you both time and money because you don’t have to print out duplicate copies of your documents anymore. Plus, you will have unlimited access to multiple collaborators.

Some firms are using Hubdoc to fetch documents, and then forward them to Bill.com, Box, Sharefile, SmartVault, etc. Like ReceiptBank, Hubdoc can get smart, too – you can pre-configure certain vendor’s documents to Auto-sync to Xero, Sage One or QBO. When it comes to a system for managing our documents, ideally, it should be secure and organized. We should be able to look for a document when needed, easily find the one we want, and not spend so much time organizing our papers.

Is Hubdoc similar to ReceiptBank?

Of course, it is still up to you to create a strong login password, and not to allow users to share passwords. You can rest assured that we will work closely with you to create actionable business plans and accurate financial reporting. We offer our toolkit of financial intelligence that will be your greatest asset for business growth. You can even test it for 14 days to determine if it’s really what you need.

• Hubdoc will eliminate a significant chunk of manual work typically required to support bookkeeping activities, such as chasing financial documents.
• Once documents have been seamlessly uploaded to Hubdoc, the key data is extracted and synced to Xero as accurately coded transactions with the source documents attached.
• I did not find an option to select multiple documents to download at once, although it may exist.
• We should be able to look for a document when needed, easily find the one we want, and not spend so much time organizing our papers.
• The Hubdoc cost is just $20/month, but we gladly include a Hubdoc subscription for ourSimple and Full levelclients.
• Like ReceiptBank, Hubdoc can get smart, too – you can pre-configure certain vendor’s documents to Auto-sync to Xero, Sage One or QBO.

Simply grant your accountant access to your account and an email invite will be sent. In August 2018, Hubdoc was acquired by Xero for $94m, being the largest ever deal conducted by Xero. Hubdoc has also been a partner of Xero for many years and it can be added as a third-party application. Hubdoc is designed to alleviate data entry for busy business owners and bookkeepers as it captures, processes, and syncs important information between leading accounting applications. This works by simply snapping paper invoices, bills, or receipts using a smartphone or tablet camera, and the apps for iOS or Android scan those documents ready for upload. Hubdoc is a data capture solution that gives you and your clients the tools you need to easily capture bills and receipts. Once documents have been seamlessly uploaded to Hubdoc, the key data is extracted and synced to Xero as accurately coded transactions with the source documents attached.

The top three geographies of Hubdoc for document-management are the United States with 147(37.89%), Canada with 79(20.36%), Australia with 72(18.56%) customers respectively. Small businesses have access to solutions that were previously only available to large corporations after high cost, lengthy implementations.

These documents contain valuable information that you need to keep track of. Sync your bills, receipts and invoices and their data to your accounting software. Hubdoc integrates seamlessly with Xero, Quickbooks Online and Bill.com. When Hubdoc fetches statements, depending upon the bank it sometimes fetches multiple years of statements. One of my client’s banks with Chase, and Hubdoc fetched statements going back to 2008. This can be invaluable if you are doing a large data entry project for a client who has lost their paper bank statements. It is a good idea to periodically remind clients how much time Hubdoc saves, and how it is building a digital archive of their business documents.