There is no way to make any sort of adjustment and the only thing to do is post an incorrect invoice to your accounts and then go in and amend it afterwards. It’s supposedly free for users of Xero, but with the amount of duplicated work you’ll need to do the true costs are far higher than most alternative suppliers. And speaking of cleaning up, Dext also allows for converting PDF statements into CSV, which is really handy for eliminating any manual extractions needed when a bank doesn’t allow CSV downloads past a certain period.
Hubdoc great receipt/bill tool
The data that Hubdoc finds is information such as the contact, the date, and the amount. This information can be used to create a transaction in your accounting software. Important information can be extracted and exported balance sheet to software packages like Xero and Quickbooks Online as transactions, but Hubdoc also saves a copy of the original file. For small to medium size businesses, Hubdoc is useful in reducing the amount of data entry you need to do and to keep track of your receipts and other financial documents.
Is it an easy to use Software?
- You can also use the Box feature to create copies as needed.
- For many Xero users, a free Hubdoc account is already included, so there is no reason not to try it.
- Both Dext (previously called Receipt Bank) and Hubdoc are similar programs that connect to Xero.
- The email address ends in @app.hubdoc.com but you can choose the first part of the email address.
Using Hubdoc, users can upload their bills and receipts and the data will be extracted and exported to your accounting software to create transactions. Hubdoc is one of the cheapest applications and can be used with a number of different software packages. Because the company has been acquired by Xero, it is free for Xero users and is very easy to use. Hubdoc has a phone app that allows you to use your phone’s camera to upload documents to Hubdoc. It’s worth trying Hubdoc’s 30-day free trial if you are interested in this software. Auto fetches bank statements, check images, deposit images, and allows for easy email forwarding of receipts, bills, and hubdoc all other paperwork that needs to go into your financials and accounting.
Is Hubdoc for Xero or Dext the better option, and why?
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 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. It can also take the information from those documents and post it to several different accounting packages. Finally, it can save the documents to several cloud storage services.
When I am out purchasing items for my business I can quickly take photos of receipts and upload via the app and not have to worry if I lose or damage a receipt. Hubdoc also allows me to get all my https://www.bookstime.com/articles/notes-payable-vs-accounts-payable invoices, payments and statements to my bookkeeper very easily which saves me money and time. I only use Hubdoc for business purposes which is where I feel it is most suitable.
