Hubdoc: Simplifying Your Expense Management

What is Hubdoc?

Hubdoc is a piece of bookkeeping software designed to reduce the amount of time and effort business owners need to spend managing their finances and uploading receipts and invoices to cloud accounting software. With Hubdoc there is no need to keep physical copies of receipts as you can upload them in your app and have them ready on your desktop. It will also read virtual receipts from emails, meaning you can rest assured that all of your businesses outgoings and incomings are accounted for without you having to undergo hours of tedious work.

Hubdoc intergrates with Xero and Quickbooks to allow seamless uploading of documents meaning your accountant can follow your business in real time and offer you the very best support possible.

Why use cloud accounting software?

Cloud accounting software is the future of accountancy, more so now with HMRC’s Making Tax Digital (MTD) legislation. Keeping digital records is now required for VAT and there are plans in place for it to become mandatory for Income Tax Self Assessments as well.

Cloud accounting software keeps you compliant with this new legislation as well as providing a more efficient accounting solution. Switching now to compliant software will ensure you are prepared for MTD and gives you time to understand the systems and processes required such as automatic bank reconciliation and cash flow data. Hubdoc helps with this by simplifying invoice management by automatically extracting key data from receipts and invoices, this eliminates your need for a specialist bookkeeper in many cases. Securely storing all important documents in one place, eliminating the need for physical storage.

Key benefits of integrating Hubdoc with Xero and QuickBooks

Integrating Hubdoc with Xero or QuickBooks offers several key benefits. By automatically creating and updating transactions in your accounting software using data from Hubdoc, you can eliminate manual data entry and ensure accurate and up-to-date bookkeeping. With Hubdoc, you can easily reconcile bank statements, saving time and reducing errors.

Being able to work with real time data allows you and your accountant to get the best possible picture of your businesses health and will be able to provide you with the best possible service. At Sherwin Currid all of our accountants are experts in cloud accounting software and will help guide you to choose the right software, in turn allowing them to provide you with expert insights and advice to help you succeed.

Is Hubdoc the right solution for your business?

Determining the suitability of Hubdoc for your business involves assessing your document management needs, considering the time and cost savings it can provide and understanding your specific needs. At Sherwin Currid all of our clients have an initial meeting with their dedicated accountant as well as unlimited support from them, meaning we are ideally suited to advise you on what software to use.

If you are considering using Hubdoc or would like to find out more then please get in touch to discuss your needs.