Hubdoc for Xero: what to know about the accounting software add-on

No one goes into business because they enjoy all the accounting paperwork and data entry.

In fact, many business owners tell us they feel frustrated with the time consumed by organising paperwork, bills and invoices.

Hubdoc for Xero is the software add-on favoured by small to medium businesses because it streamlines accounting processes.

Hubdoc for Xero is like a very organised personal assistant, who manages all the paperwork and data entry associated with running a business, and then files it neatly away, in a place that’s safe and easy to access when you need it.

What is Hubdoc for Xero?

Put simply, Hubdoc is a digital filing cabinet that sits in the cloud.

Hubdoc for Xero automatically sorts and organises all of your accounting documents as they arrive. Receipts, invoices, and bills are sorted into virtual folders.

Hubdoc for Xero is searchable, which means when you need accounting information or data, Hubdoc can extract key information. You can readily find specific information by doing a simple keyword search.

Hubdoc can help you go paperless, with your important accounting information organised, backed up and available across multiple devices.

Snap and send paperwork

With Hubdoc for Xero, everything is stored online.

Simply take a photo of your receipt, invoice or bill and the Hubdoc app scans, extracts and stores it, putting an end to the overflowing inbox on your desk, or filing cabinet in the corner.

If you’ve already scanned accounting documents, they can be uploaded too. Scanned documents stored with Hubdoc for Xero can be emailed or downloaded from multiple devices.

Sync transactions into Xero automatically

Reconciliation is an important part of accounting, and Hubdoc for Xero allows you to seamlessly match documents with transactions in your bank account, so you always have reconciled, up-to-the-minute financials.

Hubdoc allows you to audit-proof your business

With Hubdoc for Xero, all your accounting records are organised, current, reconciled and ready for auditors, who can access information from any device.

Getting started with Hubdoc for Xero

If you’re a Xero user on the Starter, Standard or Premium plans, you can set up Hubdoc for Xero right now.

You’ll need to create a new Hubdoc organisation by logging into Xero, selecting Hubdoc, and then following the set-up prompts.

This will connect your Xero and Hubdoc organisations, meaning you can publish documents from Hubdoc and automatically create transactions in Xero.

Then you can set user roles so staff are limited in the documents they can access. Roles include upload only, standard, or accountant/bookkeeper.

Need accounting advice?

For small to medium businesses, accounting is an important legal and financial accountability issue that often takes them away from doing the work they love. That’s why so many businesses choose to leave accounting to the experts.

LDB Group has more than 20 years’ experience in managing the financial wellbeing of businesses. Set up a meeting with one of our business accounting experts and get back to doing what you enjoy the most: running your business.

To learn more, give us a call on (03) 9875 2900 or send us details via the contact form below.