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Streamline your expense management with digital business tools for efficiency and profitability. Partner with Xero advisors More Bookkeeping to make your small business bookkeeping easy and accurate.
Are your business bills and expenses getting away from you? Digital business tools like Hubdoc, used in conjunction with Xero, will save you hours spent in admin and data entry. Hubdoc uses optical character recognition software that extracts specific data from documents, ready to be synced with Xero, for well-organised expense management.
Managing your expenses efficiently also means staying on top of cash flow management, and having an accurate picture of costs and bills is essential to making better business decisions.
The efficiency and accuracy of the software means instead of entering data, you simply check what Hubdoc has extracted and then publish it to Xero.
Xero will match the bank transaction with the purchase entry if you've already paid for the expense. If you've not yet paid for the purchase, it will be available within the bills section so you can plan payment.
Hubdoc stores your documents in folders by supplier name, is easily searchable and is another secure record keeping tool outside of Xero. Your documents will be held in Hubdoc and attached to relevant transactions in Xero.
Throw away those pesky receipts!
You can email or upload documents into your Hubdoc file or take photos with your phone and use the mobile app. Check that your bill or receipt is in Hubdoc, sync to Xero, and then throw away the paper copy.
Create rules for your email program to send supplier bills to Hubdoc automatically. You can also set rules in Hubdoc to auto-publish to Xero, which is excellent for recurring charges.
Hubdoc is free with Xero subscriptions – why not try digital business expense management?
If you're just starting with expense management tools and already use Xero, Hubdoc is the best place to start. It works well for most small businesses and is free with your Xero subscription.
There are more complex options that integrate with Xero if you need more flexibility and sophistication with how you process expenses and bills.
Talk to us at More Bookkeeping, and we’ll help you bring your small business bookkeeping into the future with digital business tools and expert advice on running your business as well as possible.
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