Overview: Getting started with your Hubdoc organization

As a business owner, you may have created your own organization, or your accountant or bookkeeper may have created your organization on your behalf and invited you to join Hubdoc. As a business owner, you might be using Hubdoc to do your own bookkeeping, or you might be using Hubdoc to collaborate and share documents and data with your accountant or bookkeeper. Beyond A/R, many MSPs automate A/P workflows, including bill capture, approvals, vendor payments, expense tracking, and reporting, with complementary tools. QuickBooks and Xero are built to manage your general ledger.

• And the bank statement capture tool spares you manual data entry when uploading transactions into your Xero software.
• You can find your Hubdoc email when you click the Upload Document window and in your Organization settings.
• It’s best suited for MSPs needing a simple, low-cost bill pay solution to complement a separate receivables platform.
• Many tools solve a single slice of the workflow, such as bill pay or document capture, but do not integrate billing, payments, collections, and reconciliation into a single motion.
• FlexPoint is an MSP-specific billing and payments platform to automate accounts receivable workflows.
• It’s best used alongside an A/R automation tool, where Bill.com manages vendor payments, and the other tool manages client billing and receivables.

Types of files you can upload

• As a business owner, you may have created your own organization, or your accountant or bookkeeper may have created your organization on your behalf and invited you to join Hubdoc.
• When these systems are integrated, financial data moves automatically from service delivery to billing, payment, and reconciliation without manual handoffs.
• To make sure that emailed documents are uploaded to the correct Hubdoc organization, we add four unique characters when you change the email address.
• Two-factor authentication (2FA) provides an extra layer of security for your or your clients’ Hubdoc accounts.
• As MSPs grow, billing-to-cash becomes more complicated to manage with manual steps and disconnected systems.

Hubdoc turns a PDF bank statement into a CSV, making it quick and easy to get the transaction data into Xero. You Cash Flow Statement can then match transactions with your bank feed so – in no time at all – you have reconciled, up-to-date financial records. Hubdoc’s software provides a slick way to store and organize financial records. It captures, organizes, and syncs financial documents with accounting systems, ensuring everything needed for reconciliation and month-end close is readily available.

Plans to suit your business

Many tools solve a single slice of the workflow, such as bill pay or document capture, but do not integrate billing, payments, collections, and reconciliation into a single motion. For MSPs, the best tools https://almanzaconstruction.com/bookkeeping-albany-and-nearby-areas-free/ reduce steps across the entire billing-to-cash cycle. Manual billing and reconciliation slow teams down, create avoidable errors, and delay cash. Even minor issues add up, like missed line items, duplicate charges, or time lost matching deposits across tools.

• If you are still relying on spreadsheets, manual follow-ups, and disconnected systems, an MSP is more likely to lose time, introduce billing errors, and slow cash flow.
• Hubdoc turns a PDF bank statement into a CSV, making it quick and easy to get the transaction data into Xero.
• Just think how much time you’d save if you can regularly find a record within a few seconds.
• Accounting and bookkeeping practices spend hours of their time chasing client documents and doing manual data entry.
• First, a user-friendly interface so you’re quickly up and running with the technology and use it every day.
• After adopting FlexPoint, they approved invoices in QuickBooks, synced them into FlexPoint, automated reminders and collections, and auto-reconciled payments back into QuickBooks Online.

Advisors get a free Hubdoc Partner account for their practice

Melio does not provide advanced approval chains, in-depth reporting, or A/R automation.

FlexPoint sits between your PSA software and your accounting system to power billing-to-cash. It supports accounting integrations with QuickBooks Online, QuickBooks Desktop, and Xero, as well as PSA integrations with ConnectWise PSA, Autotask, HaloPSA, and SuperOps. You are no longer sending a simple monthly invoice and calling it done. You are managing recurring agreements, mid-cycle seat changes, usage spikes, project work, and pass-through costs. Then you have to make sure that every charge matches what happened in the PSA and that every payment lands correctly in your accounting system.

Future proof your scaling business – with advanced tools and analytics. Start here for an overview of how to start using Hubdoc for your business. The developer, Xero Ltd, indicated that the app’s privacy practices may include handling of data as described below.

FlexPoint is an MSP-specific billing and payments platform to automate accounts receivable workflows. The platform supports recurring revenue, mid-cycle contract changes, and the billing complexity MSPs deal with every day. You are managing recurring agreements, seat changes, usage, projects, pass-through costs, and collections across dozens or hundreds of clients. When those workflows live in spreadsheets and manual processes, minor errors lead to revenue leakage, slow cash flow, and constant cleanup. Xero Central gives hubdoc you nuts and bolts information on Xero’s document management software.