March 2020: Bookkeeping made easy with Hubdoc and Xero
Just over a week ago we shared the news that from 18 March 2020, Xero’s data capture tool, Hubdoc, will be included in your Xero Starter, Standard or Premium plan (Early, Growing or Established plans in the US). From that date, you’ll be able to easily capture and manage your bills and receipts, say goodbye to manual data entry and get a better handle on your finances. All which will give you more time to focus on what matters the most.
Simplify your bookkeeping and go paperless
Getting your books in order is key to staying on top of your finances – doing things like identifying spending patterns and managing your cash flow with confidence. Bookkeeping takes a lot of time if you have to do it manually. Wouldn’t you like to spend those hours on something more productive? With Hubdoc, you’ll get that time back because Hubdoc gives you all this:
- Upload bills and receipts using your desktop, mobile, email or scanner.
- Once documents are uploaded to Hubdoc, the key data is automatically extracted and synced to Xero as accurately categorised transactions with the original bill or receipt digitally attached.
- From there the transactions are ready for you to reconcile with your bank feed in Xero.
- All of your digital bills and receipts are searchable and easy to access from anywhere in the world, which is increasingly important with government requirements to report and hold digital records.
Unlock insights about your business
Hubdoc plays an important role in Xero’s vision to save you time and unlock valuable insights about your business. A big part of this vision lies in data automation, which is defined as the automation of transactional data in your bookkeeping process, for example bill and receipt collection, data entry, transaction coding (categorising) and bank reconciliation. If it’s all done for you automatically, then matching your transactions in Xero against your bank feed is even easier and you have the peace of mind that your financials are up to date.
Including Hubdoc in your plan is all part of our continued drive to innovate for you, providing you with fast and accurate data, streamlined workflows and deeper insights. So you can get a better handle on how your business is doing and win precious hours back now, and join us as we move into a new era where we can predict what will happen in the future.
We hope you take full advantage of this era of exciting change when we launch Hubdoc & Xero bundling in March 2020. We’ll be in touch before launch to let you know how to get started with Hubdoc.
In the meantime, take a look at this page for Hubdoc features or ask your accountant or bookkeeper about Hubdoc!
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Source: Xero Blog