How does Hubdoc help you run a successful business?

One of the biggest challenges for small business owners is to keep their books up-to-date and understand their financial position in real-time. Do you have enough money in the bank this month? Which parts of the business aren’t profitable? Many people are looking for answers to these questions in order to build a sustainable business.

Hubdoc is Xero’s bill and receipt capture tool that helps businesses do their bookkeeping more effectively. This helps you answer these questions and come up with a strategy and plan ahead.

How it works

When you use Hubdoc and Xero together, it’s easy to get your bills and receipts into Xero, automate data entry and simplify the process for matching transactions with your bank feed. The result is a better handle on your financials, and gives your advisor the information they need to offer insightful business advice. All the while, you’re automating some of the manual processes that are traditionally time consuming.

“Hubdoc is absolutely amazing. I own two fish and chips shops in Queenstown and Wanaka and love using Hubdoc. It saves me hours and is so efficient,” says Anna Arndt – Erik’s Fish and Chips, New Zealand.

Hubdoc is a Xero solution, so setting up your Hubdoc account is easy from within Xero. Next time you log into Xero, you’ll find Hubdoc in the drop-down menu. Clicking the button takes you through a few easy steps. Before you know it, you’ll start saving time by having Hubdoc as part of your day-to-day bookkeeping toolkit. Download the Hubdoc mobile app and get up and running by signing in with your Xero login.

 Hubdoc allows you to upload bills and receipts using your mobile, drag and drop from your desktop, send via email or scanner. Once uploaded to Hubdoc, the key data is extracted before the transaction is published to Xero, with the original document attached. Transactions are matched with bank feed transactions in Xero, providing an accurate view of how your business is doing.

All of the bills and receipts processed through Hubdoc are securely stored in the cloud. This makes it easy for you and your accountant or bookkeeper to get a hold of them when needed. Plus, there’s no need to keep any paper receipts or bills around anymore.

Useful tips and tricks inside Hubdoc  

Not sure you’ll get the hang of it? Don’t fret – once you create your Hubdoc account, you’ll find useful tips and tricks on how to get the most out of using Hubdoc.

We also have a bunch of courses on Xero Central to help you learn how to put Hubdoc into practice in your day-to-day work, and how to automate some of the processes. Sign up for the webinar coming soon to learn more.

Got an advisor? Talk to them too. They’ll be able to help you understand the value of using Hubdoc with Xero, and how it helps your business.