Hubdoc: Manage bills and receipts for small businesses
I work freelance on the side as an accountant. One issue many small business clients have with record keeping is keeping track of invoices and receipts. It's a challenge, especially if you are on business trips regularly. However, using the right software can make managing receipts easier and save significant time when reimbursing expenses, processing VAT, or during a company audit.
I have used Xero to manage financial accounts for 3-4 years. Hubdoc came as free software that can integrate seamlessly with Xero.
Tip: You can login to Hubdoc using your Xero login once they are connected.
Some of the functionalities that I love about this software:
- You can email invoices directly to Hubdoc from your email inbox.
- Hubdoc will automatically learn and scan receipts and fill in fields such as date, amount, and VAT for you, reducing errors.
- It's quick and easy to search for receipts based on the amount, date, supplier name etc, and download them. This has been a lifesaver when managing audits. Much quicker than going into the company accounts in the accounting software to search for the transaction.
Hubdoc has become one of my favourite tools for managing invoices and receipts. If you use Xero or want to try Hubdoc on its own, it's an excellent tool for making your life easier and managing all receipts in one place, saving you valuable time to focus on running your business.
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