Useful tool in catch up projects to obtain pdf and csv files of hubdoc reviews bank and credit card statementsCheq… Our financial data entry used to be extremely manual – too much manual entry. We eliminated 75% of our data entry in this area, which in turn was a huge result in business efficiency.
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Sometimes HubDoc doesn’t read certain fonts properly and contacts are recreated multiple times. There doesn’t seem to be a way to delete duplicate contacts which clogs up the list. Occasionally, document uploads fail which can be a pain, but this seems to be fairly infrequent. As the title says, forget about posting anything where the VAT is even penny out. There is no way to make any sort of adjustment and the only thing to do is post an incorrect invoice to your accounts and then go in and amend it afterwards.
- At this time of publication, we have to manually add the bank account to push the expense to – also assuming you have the last four digits of the cards memorized.
- Great bit of software that is easy to use and easy to teach clients how to use.
- The accuracy of the data extraction is also noteworthy.
- I’m really not sure why Xero bought this company and then failed to invest in the technology, as it is only making the whole process of using Xero more difficult.
- One of the biggest drawbacks is the limited document storage capacity.
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We have saved HOURS each month bugging clients about providing statements and logging into various banks to get all of our clients bank and credit card statements. Hubdoc fetches the statements and they are available when we need them. I love that I can access HubDoc wherever there is an internet connection and go through my invoices. The coding makes it so much easier and faster to get through a tedious task.
Simple Inexpensive OCR Solution for Document Intake
It works seamlessly with email and with multiple vendors. It has been very easy to add new vendors we work with as well as setup ways for us to automate a lot of invoices we receive. Now I can easily go in and quickly find documents that I used to worry about where they were located or how I would find them. I have had no issues thus far and the support team has been very helpful in adding new vendors I work with.
It seems that the feeds are constantly going down and the majority of the battle (rather than collecting documentation manually) is ensure the feeds with whichever institution is functioning properly. They seem to have a problem with Bank of America’s security forcing our clients to log in each month and verify their identity. We thought we had a solution to save clients time, and now we have to ask them to log in every month. The setup is a little clunky when adding more users but once you have got your head around how to carry out the task it is fairly straight forward. Hubdoc has an overall rating of 4.1 out 5 stars based on 86 user reviews on Capterra. Companies can ask for reviews via automatic invitations.
Receipt management for company paid cards and reimbursable employee expenses is lacking. Hubdoc doesn’t read the receipts to determine which card was used and automatically allocate that receipt to X employee. Employees should be able to setup Hubdoc inboxes with their own email address to send receipts to. Feeds break often so if that https://www.instagram.com/bookstime_inc could be improved that would be great as well.
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So, where we’d like to see some development is in the multi-currency functionality. So, a lot of our clients have bills that come in in U.S. dollars. It’s a little bit messy with the effects moving over to Quickbooks. It can be integrated with Xero as well as Quickbooks online which makes it the number one OCR solution for accountants and bookkeepers. It also offers a free partner account for accountants.
And the sorting feature is nice when banks have a lot of checks or paypal transactions. This software allows our our accounting department to remain organized and to pull up a receipt that is stored in Hubdoc with ease. This is a great product that I recommend to accountants and bookkeepers. The document portion of the site is too small – you should be able to increase the size without opening the doc in a new tab. Also the add account button should maybe be labeled “manage accounts” as it is the place to do much more than add https://www.bookstime.com/articles/bookkeeping-for-veterinarians accounts. It stopped downloading documents from banks and other service providers.