Prerna
What is Hubdoc?
Hubdoc is an online cloud-based service and mobile app. It is used for digitizing financial documentation. The software is designed to alleviate data entry for busy business owners and bookkeepers. Hubdoc financial reporting software captures, processes, and syncs precious information between leading accounting applications. All you have to do is simply snap paper invoices, bills, or receipts using a smartphone or tablet camera.
The apps available for download for iOS or Android scan those documents and ready them for upload. There is a single sign-in for associated online accounts. The app comes with the ability to import pre-existing scans via upload or email. This allows Hubdoc to automatically grab financial data.
Vendor Details
- Company: Hubdoc inc
- Website: www.hubdoc.com
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Founded in 2011
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Founders: Jamie McDonald, Jamie Shulman
- Canada
Key Metrics of Hubdoc
Hub docs extract key information from your receipts, invoices, and bills. It eliminates the data entry process. There is no more filing.
All you have to do is take a photo of your receipt, invoice, or bill with the Hubdoc mobile app. You can even throw out the paper copy. It scans, extracts, and stores your documents, and keeps it ready to be published.
After you sign up, Hubdoc login will automatically create a personalized email address just for you. All the user has to do is send the documents to the email address created, and Hubdoc software will take care of everything else.
If you’ve already scanned your receipts, invoices, statements, or bills, you can upload them to the Hubdoc account. The application extracts the key data for you. Hubdoc app automatically pulls your bills and statements and stores them into one secure hub. This means there is one login available to view and manage the documents from all of your accounts.
Now, there is no need to log into ten different sites each month to gather your recurring bills. Add your accounts in a flash. Finishing up with the setup is a simple, one-time process. All that needs to be done is you have to search for your account provider and then enter your personal information. Hubdoc app will then automatically pull your documents for you. Once you add an account, it first downloads new bills. Then it proceeds to pull and store all past available bills. This is often over a year’s worth of documents.
Hubdoc Third-Party Integrations
With Hubdoc integration, it is now very easy to publish your docs and their data directly to accounting software like Xero, QuickBooks Online, and Bill.com. You have to use its Vendor Rules to automate how receipts, bills, and statements are coded. Hubdoc for accountants acts like mission control for your documents. You can sync your bills, receipts, and invoices and their data to your accounting software. It is possible to create rules to automate how your docs are published and coded.
Leverage its integrations to keep everyone on the same page. No more data silos or documents getting stuck in wallets, inboxes, or shoeboxes. It’s great for collaborating with bookkeepers, accountants, and colleagues.
Thanks to the deep integration between software and other add-ons, backup is automatic. Your documents are synced to your accounting software and you can also create copies in Box.
The company software uses bank-level security to ensure your data is safe. There is 256-bit encryption, SSL/TLS, and a Premium Extended Validation certificate. Along with all this, it also monitors and verifies using McAfee & TRUSTe, the trusted industry standards in data security.
Hubdoc Security
The software does not have the ability to make account changes of any kind. The application is granted limited access to your accounts, bills, and statements. This means that no one can use the financial reporting software to access money or make changes to any of the accounts.
Hubdoc help has features that automatically sort and organize all of your documents into searchable and customizable folders. This happens as soon as they arrive. There are no more piles of paper or filing cabinets full of documents. One can also quickly search through all of the uploaded documents and find matching keywords or phrases, accountants, and co-workers. This simplifies searches and makes it easy to find anything you are looking for.
Access all of your documents from anywhere in the world. Use your browser or download the app on either Android or iOS.
Features
- Document Storage
- SSL Security
- API
- Access Control
- Activity Dashboard
- Automatic Notifications
- Chat
- Collaboration Tools
- Collaborative Workspace
- Commenting
- Communication Management
- Customizable Branding
- Drag & Drop Interface
- File Management
- Instant Messaging
- Permission Management
- Projections
- Search Functionality
- Tagging
- Third-Party Integration
Hubdoc Pricing
Here is the Hubdoc pricing for accountants provided by the vendor :
- Starting from: $20.00/month
- Pricing model: Subscription
- Free Trial: Available (No Credit Card required)
- Free 14-day trial (no credit card required)
- $20 per month
Pros and cons
Hubdoc is a great all-in-one expense tracking/ document collecting software solution. Two great features for the accountant or bookkeeper.
- Receipt capture
No need to contact clients to request what a particular charge is because they can simply scan the receipt at the time of purchase, or forward the digital receipt to their specific email address. The software pulls the necessary information from the receipt and pre-populates an entry to the accounting software you have synced to their Hubdoc account.
- Connection to banks and credit card companies
It is done by the automatic download of statements. Now there is no need to individually go to the client’s bank’s websites and manually download the statements for reconciliation. The software will grab them for you.
- Hubdoc will categorize an expense to push the charge as a bill/invoice or directly to a bank account into the accounting software.
- One negative feature is the inability to tag the bank accounts with the last four digits of the credit/debit card that was used so the Hubdoc can push directly to that bank account.
- We have to manually add the bank account to push the expense to.
Hubdoc Integration
- Box: Secure Content and File Sharing. Free Cloud Storage.
- QuickBooks Online: Small business accounting software
- Xero: Accounting Software for SMBs
- Bill.com: Magically Simple Business Payments
- QuickBooks: Accounting & business management for small businesses
Specification
Deployment
- Cloud, SaaS, Web
- Mobile – Android Native
- Mobile – iOS Native
- Free Trial- Yes
Hubdoc Support
- Online
- Business Hours
Hubdoc Competitors
Here are some Hubdoc alternatives we recommend you to see before opting this software for your business :
