Hubdoc
Automatic document collection and data extraction for accounting
About Hubdoc
Hubdoc, now part of the Xero ecosystem, automates the collection and processing of financial documents from banks, utilities, and vendors. The platform connects directly to financial institutions and service providers to fetch statements, bills, and receipts automatically, eliminating the manual download-and-upload cycle that consumes time each month. Hubdoc's OCR extracts key data from these documents and publishes them to Xero or QuickBooks Online with appropriate coding. For accounting firms managing multiple clients, Hubdoc provides a standardized document collection workflow — clients connect their accounts once, and the platform handles ongoing document retrieval. The integration with Xero is particularly deep, given the acquisition, with seamless data flow between the two platforms. For QuickBooks users, the integration is functional but less tightly woven. Hubdoc's free inclusion with Xero subscriptions makes it an obvious addition for Xero-based practices. The platform excels at routine document collection from known sources but is less effective for ad-hoc receipts and one-off documents, where tools like Dext or AutoEntry may perform better. The Xero-centric positioning means firms using other accounting platforms have limited motivation to adopt Hubdoc.
Best for
Xero and QuickBooks users wanting free automatic document collection
Pros & Cons
Pros
- Automatic document fetching from banks and vendors eliminates manual collection.
- Free inclusion with Xero subscriptions provides excellent value.
- Standardized workflow across multiple clients streamlines firm operations.
- OCR extraction handles routine statements and bills accurately.
Cons
- Deep integration with Xero but shallower support for QuickBooks.
- Less effective for ad-hoc receipts compared to dedicated capture tools.
- Limited utility for firms not using Xero as their primary platform.
Integrations
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