There are plenty of data capture and automation apps to choose from as we head into 2023. The app is exclusively used by users that work in accounting and finances and mostly has favorable reviews. Hubdoc started as a data capture company and was later integrated into the ultimate tool for bookkeeping after Xero acquired it.

• It then creates draft transactions in Xero, where you can review and edit them as needed.
• 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.
• 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.
• It streamlines data entry, integrates with popular accounting software, and organizes documents efficiently.
• Hubdoc minimizes the chances of human error by capturing data directly from source documents.

What is Hubdoc and why should I be using it with my Xero Accounting system?

• Hubdoc is a smart cloud-based tool to have in your toolkit for financial compliance and optimized financial processes.
• We’ve been listening and have built a feature where Hubdoc automatically recognises and flags potential duplicate documents.
• Sync your accounts – This may be the most helpful feature of Hubdoc.
• Hubdoc is indeed a very easy piece of software to use, but uploading random documents may also require that you review these documents to make sure they are properly categorized.
• Our opinions are our own and are not influenced by payments from advertisers.
• Hubdoc, Xero’s data capture tool, helps automate bookkeeping tasks and free up time to focus on adding value to your clients.
• Uploaded documents can be configured to send a copy to your Xero file and automatically create transactions in your Xero file.

AutoEntry is a cloud-based data entry automation software that helps businesses save time and money by automating the process of entering data into accounting software. AutoEntry can automatically extract data from invoices, receipts, and bank statements, and then classify and categorize it into the correct accounts in your accounting software. With Dext Prepare, businesses can easily capture, extract, and organize their financial documents, such as invoices, receipts, and expense reports. Dext Prepare can also automatically match documents to transactions in accounting software, helping businesses to save time and money. Hubdoc’s automatic data capture gives you fast records of your bills and receipts in Xero. Just snap a pic, upload the file to Hubdoc, then see the financial data in your Xero accounting software.

Frequently Asked Questions about Best Hubdoc Alternatives

To make matters even worse, most of these documents come in different shapes and sizes. The app has become a popular option for those looking to better organize their paperwork. Business professionals by trade, adventurers at heart; we understand the difficulties of running a small business and balancing a fulfilling life outside of work. There are a handful of solutions when choosing a cloud provider.

Can I Extend The Lifespan Of Xero Or Quickbooks Online Or Should I Move To A Mid-Market Solution?

I’m part of a growing team across Toronto, Canada and Wellington, New Zealand that’s focused on building automation and other time-saving capabilities into our products. The next update we’re rolling out over the coming weeks is a duplicate detection feature in Hubdoc. AuditFile comes with several pricing plan options, with the lowest being $119/per month. 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. The app relies on its integrations with Excel to locate and reference required data as well as entire documents.

Capture data from bills and receipts

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. This option can be most useful for those who want their employees to be able to send their receipts directly to Hubdoc without needing for https://www.bookstime.com/articles/what-are-t-accounts them to have access to the Hubdoc account. All pricing plans cover the accounting essentials, with room to grow.

• Instead of logging into multiple online accounts to check your statements and bills, you can view all of them with just your Hubdoc credentials.
• Data entry, in particular, requires dedicated personnel if you are going to do it manually.
• The Expenses app will automatically extract the information from the receipt, so the employee can submit an accurate claim for approval.
• SAI360 is yet another platform that can best be described as AuditFile’s twin.
• The app is geared towards financial analysis and automation, explicitly focusing on document approval.

The app is geared towards financial analysis and automation, explicitly focusing on document approval. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Want to learn more, check out the best Docparser alternatives and also DocuClipper vs Docparser alternative. However, recently many of the customers reported that MoneyThumb has been not so active in maintaining the platform, developing the features, and keeping up with their competitors. MoneyThumb is a trusted partner for businesses and individuals of all sizes.

Employees want the process to be seamless, so they get reimbursed quicker. Without data entry automation, there’s time wasted on manual entry, duplication and errors where items have to be entered and re-entered again. We’re now at a place where we can leverage the data extraction capabilities and inject them into other parts of Xero.

Email your documents – Upon signing up, you will be given a unique email address where you can send your receipts, bills, and any other documents from any email address. All of the attachments sent will be uploaded automatically to your Hubdoc account. Alternatively, you can send your documents to hubdoc (but only from the email address that you used to sign up for the software).

You can upload them from your mobile phone, laptop, desktop, email, or scanner. Then, if integrated with your accounting software, it shares this data and syncs it with the software automatically for further financial processing. bookkeeping Hubdoc’s main competitors include DocuClipper, AutoEntry, Dext Prepare, MoneyThumb, and Docparser.