Hubdoc is a data capture tool which extracts key data from documents, then creates transactions in Xero. If you use Xero, it really is a fantastic way to automatically populate your records and simplify transactions, so all you need to do is reconcile the transaction against your bank statement line in Xero.

The Hour Hands bookkeeping team regularly uses Hubdoc when providing bookkeeping support for clients who use Xero. Here’s why, by Yasodha.

How Hubdoc works

Hubdoc automatically reads bills and receipts, taking the important information like the supplier name, amount, invoice date, due date, and so on. It automatically enters the data in a usable format into Xero. 

Hubdoc saves time

It’s a time-consuming task to manually collect, sort, and store client receipts before manually entering all the data into Xero. If we were to deal with hundreds of receipts each month from multiple clients, this can all add up to lots of manual hours – this time can be reallocated to focus on other tasks. So it saves us time and it saves you time and money, simply by using Hubdoc.

Useful link for uploading digital and paper documents

Whether you’re out and about, at home, or in the office, Hubdoc is the tool to upload paper and digital documents using your mobile device, desktop, email, or scanner. Once the document has been uploaded, Hubdoc extracts the key financial data and automatically files it into a supplier folder. Follow this link to access the Hubdoc tools. Upload digital and paper documents

Need bookkeeping support? 

Hour Hands has the bookkeeping support you need for your business or personal life. From preparing for tax returns, to reconciling payments; from payroll to invoicing, our team is here to support you with those regular tasks and those urgent activities that you just never seem to get round to completing. Outsourcing your tasks, and enjoy flexible support when you need it – be it on an ongoing basis or for resolving a particular challenge. 

To find out more simply visit our website or call us on 01727 818262. We will ask how we can support you and offer a solution either on an hourly rate or package cost. The choice is yours – we simply want to help.