Looking inwards at your books is one of the most effective ways to examine your business, better optimise it with data-driven improvements. and move towards fulfilling your future ambitions. With that being said, how you go about this depends entirely on the technology and expertise you have available to you. Thankfully, Xero and Hubdoc provide you with two of the most accurate, efficient, and cost-effective forms of technology to keep track of your business’ finances.
As Xero Certified and Xero Payroll Certified bookkeepers, we know the kind of exceptional results they can bring to businesses of all sizes and kinds. But, you may only have scratched the surface of what these powerful tools can help you to achieve or you may not know much at all. So, let me delve into Hubdoc and Xero bookkeeping in a little more detail to help make the power of this technology clearer.
Xero bookkeeping:
Keeps your finances crystal clear – Whatever the size of your business, Xero bookkeeping gives internal staff or outsourced professionals a clear financial overview of your books. Thanks to Xero’s dashboard, you’ll have an up-to-date picture of your total expenses, creditors and debtors, bank balances, and payment tracking.
Is securely cloud based – With Xero, you can do away with costly in-house servers and risky paper-based bookkeeping systems. Through its cloud-based technology, authorised users are able to access your business’ financial information at any time and from any place. Additionally, you’ll get the latest updates as and when they go live.
Makes invoicing easy – Xero lets you easily manage your invoices in a way that’s customisable for your business’ requirements. Quickly send invoices to clients electronically and have them safely stored on the cloud for instant recall at any time. Any invoice you send can be “payment enabled” which allows recipients to instantly make a payment online, making reconciliation of your outstanding payments much faster.
Hubdoc:
Offers simple paperless bill and receipt capture – With Hubdoc, you can quickly upload bills and receipts to the Hubdoc platform via your desktop, mobile device, email account, or scanner.
Automates as much as possible – After uploading your receipts and bills, Hubdoc automatically extracts all of the key information (supplier name, date, and total amount). This reduces the potential for human error and helps to maintain more accurate accounts. Additionally, Hubdoc can automate coding should you need to upload recurring bills to Xero.
Allows you to sync with Xero – Once uploaded, all of your data will be automatically synced with your Xero account for easy recall at any time. But, Xero will also match your Hubdoc transactions with your bank feed for instant reconciliation.
Helps you to remain compliant – Hubdoc helps bookkeepers to keep businesses compliant with industry’s standards by storing sensitive data as securely as possible.
So, where do we fit in?
Some businesses find it more convenient and cost-effective to outsource their bookkeeping requirements to an experienced and certified professional like myself. It gives you the flexibility to choose when and how long you need a bookkeeper to take care of your accounts, eliminating the costs associated with a full-time employee.
Thanks to our extensive experience, I can quickly adapt to the unique nuances of your business and specific industry sector. Whether you need our assistance with Xero bookkeeping and Hubdoc every day, once a week, or once a month, we’re ready to assist you at a moment’s notice.
To discuss building a dependable bookkeeping plan for your business, please contact us now.