The Dext interface is also straight forward to navigate. Both are straight forward to integrate with QuickBooks Online and Xero. However, while Dext is frequently touted as superior to Hubdoc, Hubdoc does offer all the key functionality that a small business needs from its OCR software, so for those on a budget it’s a great option.
What is the actual cost?
We use Hubdoc with one of our larger accounting clients who use it as part of the software stack in the bookkeeping department. They allow you to fully digitize your receipts and invoices, so you can throw away all the folders full of Partnership Accounting old receipts you had lying around. This is actually a much stronger audit trail, as once digitized, it’s faster and easier to search for old supplier invoices. Paper is easily lost, but your digital records will be stored on both your cloud based accounting software and in your OCR software, making this a more secure way to store financial records.
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We use it for all collectible documents for all clients. It gives us an easy way to capture relevant documents for transactions. The documents are organized in Hubdoc and the transactions are in Quickbooks online. We also integrated their scanner functionality into a custom mobile app that fed straight into the Hubdoc system with document notes via metadata tags. If you’re the one using hubdoc daily for a company with a high volume of receipts, sorry.
This app is absolutely terrible
- To see a list of software packages that can integrate with Hubdoc, read this article2.
- Hubdoc has a number of features that make it very useful.
- Overall ROI is boosted through faster invoicing, simplified bookkeeping and more efficient AP/AR processes.
- It renames and saves documents that you scan and upload (or email to the custom email address they provide) into folders based on the vendor name, bill date, and amount.
Use a specific email address or the mobile app to upload documents. Easily files everything for you in alphabetized folders for easy reference later. Sync everything as needed into your accounting software along with the attachment and even export to your other cloud file storage systems.
- Using Hubdoc, users can upload their bills and receipts and the data will be extracted and exported to your accounting software to create transactions.
- With powerful automation capabilities out-of-the-box, it can lead to significant time and cost savings.
- Companies on Trustpilot can’t offer incentives or pay to hide any reviews.
- There are two big names in the OCR accounting space, Dext and Hubdoc.
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- Hubdoc offers a subscription-based pricing model, with a monthly cost starting at $20 for 1 user.
- Hubdoc links to my Xero account (which is connected to my business bank accounts) and then it automatically reconciled into suggested categories.
- OCR (optical character recognition) software have been a real game changer for the small business accounting world.
- First of all, it allows you to input all your financial documents by scanning them or uploading them or by sending them in an email attachment.
- Dext costs $37.50 per month for up to 250 documents, while Hubdoc costs just $12, with no limit on the number of documents you can process.
- For many Xero users, a free Hubdoc account is already included, so there is no reason not to try it.
- This has enabled us to get receipts prior to being lost or damaged so it makes the matching process in QBO much easier for us.
You can ledger account also use your phone to scan documents and upload to Hubdoc. I am new to accounting and I just started to be a more advanced user in Xero. I use other accounting software such as Exact where there is the same thing as hubdoc, but it is already integrated and it is called scanning service if someone is by a chance familiar with that.
- It is well suited for clients who are on the road and they can send their receipts in for purchases from their phones.
- Miles better than keeping paper receipts and easy to use tags.
- Reach out if you need help finding the right solution for your business.
- When you publish an invoice from the Hubdoc platform to Xero, ApprovalMax ensures that the document goes to the approvers.
- HubDoc is a cloud-based document management and automated bookkeeping solution designed for small businesses.
- Customization costs are additional and can vary significantly depending on the level of tailoring required.
If you already use Xero, then it is definitely worth using since it can very easily be integrated with your Xero software. For many Xero users, a free Hubdoc account is already included, so there is no reason not to try it. In general, Hubdoc has very good reviews, but see this Hubdoc review6 to make a comparison with other similar software. Hubdoc offers a subscription-based pricing model, with a monthly cost starting at $20 for 1 user. For small businesses with 10 users, the monthly cost is around $150.
Create your account and connect with a world of communities. Offering incentives for hubdoc reviews reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Has potential but as other have said its horribly clunky at the moment and the whole VAT issue with mis calculations is the most frustrating issue.Currently does not save anytime in my mind.
Companies on Trustpilot can’t offer incentives or pay to hide any reviews. We can see value if it was quick to load Xero data, allow edits when configuring, then publishing.