Hubdoc started as a data capture company and was later integrated into the ultimate tool for bookkeeping after Xero acquired it. Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works automatically, and has a brilliant user-friendly interface and a lot more. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file. In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.

We offer our toolkit of financial intelligence that will be your greatest asset for business growth. 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. You can easily modify the folder names and you can tag documents for additional layers of sorting. It only requires users to connect to the internet and takes seconds to scan, convert, and export processed information.

What has happened to good old-fashioned service?

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. You can also connect Hubdoc to your usual cloud storage account such as Box or Dropbox.

All of the attachments sent will be uploaded automatically to your Hubdoc account. Alternatively, you can send your documents to (but only from the email address that you used to sign up for the software). Accounting and bookkeeping practices can use Hubdoc to save time chasing documents from clients, do less data entry, and check transactions against original documents. Xero provides resources to help practices set up Hubdoc for their own use, and easily onboard small business clients.

Hubdoc Customers by Employee Size

Credit cards statements, vendor bills, bank statements, investment accounts – they add up to lots of papers. It seems like the more I try to get rid of paper, the more it enters my life. The choice is download, including logging into multiple sites, and save or get paper, scan and file. Hubdoc automatically collects financial documents securely within the cloud, syncing data from invoices, receipts and statements between accounting apps. Kaufman Rossin’s QuickBooks team is always looking for ways to help our QuickBooks clients get the most out of this powerful tool for their business. Hubdoc features are the direct connections with the cloud storage services like Google Drive, Smart Vault, Drop box, Share of File and Box, as well as Xero and QuickBooks Online.

Advanced Mode, a brand-new bank feed option in QuickBooks 2022, is accessible. The standard method and the Express mode, which tries to match downloaded bank transactions with those already entered, are the two different banks feed choices offered in QuickBooks Desktop. In terms of user access, a lot of software packages offer the ability to restrict the role of other users. A normal piece of accounting software, for example, can have the account administrator law firm bookkeeping assign accounts payable access to only one person and assign payroll-only access to the other. If you are looking at solutions for expense management and data extraction at volume from financial documents and landed on this page then you are most likely comparing HubDoc to Veryfi. On the outside, both companies provide data extraction capabilities, but when you look at the detail of the 2, they are world apart in quality, speed and accuracy.

HubDoc vs Veryfi

Hubdoc is a software tool by Xero that converts paper receipts into digital data. You can then upload and organize these files to your computer through a personalized email created when you signed up. 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.

Customers share their almost-no-lag experience, especially with Quickbooks Online. Both provide mobile apps you can take anywhere, especially on the go. You can take a photo with your phone, upload it to your customized email and export it easily to your accounting system. Hubdoc can only accommodate small businesses with a maximum of 1,000 vendor accounts. This limits its users to those with a low volume of transactions or opts to switch software when they scale up.