Feeling buried under piles of receipts and invoices?
Are you tired of manual data entry slowing down your accounting process?
Many businesses struggle with this, wasting valuable time and increasing the chance of errors.
We’re exploring Hubdoc vs AutoEntry in depth to help you determine which is best for your accounting needs.
Overview
To give you the clearest picture, we’ve put both Hubdoc and AutoEntry through their paces.
We’ve explored their features, tested their data extraction accuracy.
And looked at how they handle different kinds of documents to help you decide.
Save time with Hubdoc! Users typically save 4 hours a week on data entry. Explore Hubdoc!
Pricing: It has a free trial. The premium plan starts at $12/month.
Key Features:
- Automatic Document Fetching
- Xero Integration
- Unlimited Storage
Stop wasting 10+ hours/week on manual data entry. See how Autoentry slashed invoice time.
Pricing: It has a free trial. Paid plan starts at $12/month.
Key Features:
- Automated data extraction
- Receipt & invoice processing
- Bank statement capture
What is Hubdoc?
Hubdoc is a smart accounting tool that grabs your financial documents for you.
Think of it as a digital assistant.
It’s super helpful for keeping things organized and paperless.
Also, explore our favorite Hubdoc alternatives…
Join the over 10,000 businesses already streamlining their finances with Hubdoc. Discover how Hubdoc can help you today!
Key Benefits
Hubdoc shines when it comes to getting your documents in order. Here are some of its best features:
- It can automatically fetch documents from over 800 different banks, suppliers, and online services.
- You can easily upload documents by taking a picture with your phone or sending an email.
- It helps you say goodbye to manual data entry by pulling key information from your documents.
- Hubdoc works smoothly with popular accounting software like Xero and QuickBooks Online.
- It keeps all your important financial documents securely stored in the cloud.
Pricing
- Annually Subscription: $24
Pros
Cons
What is AutoEntry?
AutoEntry is another smart tool that helps automate data entry.
Imagine taking a picture of a receipt.
AutoEntry reads it for you and pulls out all the important details, including dates, amounts, and vendor names.
Also, explore our favorite AutoEntry alternatives…
Tired of typing? Businesses using AutoEntry report saving hours each week on data entry and a significant drop in errors.
Key Benefits
- Automated Data Extraction: Effortlessly pull data from invoices and receipts.
- Receipt Scanning: Easily capture and process expense receipts on the go.
- Supplier Automation: Set up rules to automate how supplier documents are handled.
- Integration with Accounting Software: Works seamlessly with Xero, QuickBooks, and more.
Pricing
- Bronze: $12
- Silver: $23
- Gold: $44
- Platinum: $98
- Diamond: $285
- Sapphire: $450
Pros
Cons
Feature Comparison
Choosing the right tool means understanding what each offers.
Let’s compare Hubdoc and AutoEntry in detail.
Looking at seven key features to help you decide which software best suits your needs for robust automation and bookkeeping.
1. Data Capture & Extraction
- Hubdoc: excels at data capture from various sources. You can email documents, snap photos, or upload files. Hubdoc then extracts key information like dates and amounts, aiming to reduce the amount of data you have to enter manually.
- AutoEntry: This software also offers multiple ways to enter documents. You can upload, email, or use their mobile app. AutoEntry focuses on high accuracy in extracting and verifying data from receipts and invoices, minimizing manual checks.
2. Bank Statement Processing
- Hubdoc: It can automatically fetch bank statements from many financial institutions. While it extracts data, some users report needing to verify complex statement formats.
- AutoEntry: This is a strong point for AutoEntry. It’s known for its robust bank statement processing. It can extract detailed information from multi-page statements, making reconciliation much faster for your accountant.
3. Line Item Recognition
- Hubdoc: Hubdoc primarily focuses on overall document data. While it captures totals, its ability to extract detailed line items from invoice processing can be less comprehensive.
- AutoEntry: AutoEntry is designed to capture full line item details. This means it can extract descriptions, quantities, and unit prices from invoices. This feature helps simplify detailed expense tracking.
4. Integration with Accounting Software
- Hubdoc: This Xero-owned add-on has a deep integration with Xero. It also syncs seamlessly with QuickBooks Online and Bill.com, making it easy for your accountant or bookkeeping team.
- AutoEntry: AutoEntry integrates widely with major accounting software, including QuickBooks, QuickBooks Online, and Sage. This broad compatibility makes it a flexible provider for many businesses.
5. Ease of Use & User Interface
- Hubdoc: Many business owners find Hubdoc very user-friendly. Its interface is clean and straightforward, designed to simplify document management. Getting started is usually quick.
- AutoEntry: While powerful, AutoEntry can have a slightly steeper learning curve than Hubdoc. However, once set up, its automation features help simplify daily tasks for accountancy professionals.
6. Automation Capabilities
- Hubdoc: offers strong automation for document collection. You can set up rules for recurring supplier documents, reducing the need to upload or categorize manually.
- AutoEntry: AutoEntry boasts high automation accuracy, often up to 99%. It learns from your past entries to auto-categorize and auto-publish, significantly cutting down on time spent manually entering data.
7. Supplier Management
- Hubdoc: You can set up “Supplier Rules” in Hubdoc. These rules help automate how documents from the specific supplier are coded and published to your accounting software.
- AutoEntry: AutoEntry also allows you to set up rules for individual supplier entries. It learns from your categorizations, making future invoice processing from the same supplier more efficient and less manually intensive.
What to Look for When Choosing Accounting Software?
- Integration is Key: Does it connect with your existing accounting software (like QuickBooks, QuickBooks Online, Xero, Sage) and other tools? Seamless sync saves time.
- Automation Prowess: How much manual work will it eliminate? Look for robust automation in data capture and invoice processing.
- Accuracy Matters: Can it reliably extract and verify data? High accuracy reduces errors and time spent correcting.
- Ease of Use: Is it intuitive for your business owners and accountant? A complex system slows down bookkeeping.
- Pricing Model: Understand the cost. Is it flat-fee or credit-based? Consider your volume of documents.
- Support & Resources: What kind of help is available if you run into issues?
- Specific Needs: Do you process many bank statements or need detailed line item capture? Choose a provider strong in your particular areas.
Final Verdict
So, which one do we pick? For most small businesses already using Xero.
Hubdoc is often the simpler choice.
It’s built right into Xero, making your bookkeeping super smooth and easy for data capture.
However, if you need top-notch accuracy for bank statements or detailed invoice line items.
Its ability to extract precise data is impressive, even more than tools like Datamolino.
Your best pick really depends on your current accounting software and document complexity.
More of AutoEntry
Here’s how AutoEntry vs other popular software stacks up, highlighting their unique strengths:
- AutoEntry vs Puzzle IO: Puzzle IO offers comprehensive financial automation and AI-powered insights for growing businesses.
- AutoEntry vs Dext: Dext (formerly Receipt Bank) excels in receipt and invoice capture with strong categorization.
- AutoEntry vs Xero: Xero is a full cloud accounting platform with integrated bookkeeping and financial management.
- AutoEntry vs Synder: Synder specializes in syncing e-commerce and payment platform data to accounting software.
- AutoEntry vs Easy Month End: Easy Month End streamlines month-end close processes with automation and reconciliation tools.
- AutoEntry vs Docyt: Docyt provides AI-driven bookkeeping and expense management, aiming for full accounting automation.
- AutoEntry vs RefreshMe: RefreshMe focuses on personal financial tracking and analysis, simplifying individual expense management.
- AutoEntry vs Sage: Sage offers a suite of business management solutions, including comprehensive accounting and payroll.
- AutoEntry vs Zoho Books: Zoho Books provides affordable, cloud-based accounting with invoicing, banking, and inventory management.
- AutoEntry vs Wave: Wave offers free accounting, invoicing, and receipt tracking for small businesses and freelancers.
- AutoEntry vs Quicken: Quicken is primarily a personal finance management tool for budgeting and investments.
- AutoEntry vs Expensify: Expensify specializes in expense reporting and receipt management for individuals and teams.
- AutoEntry vs QuickBooks: QuickBooks is a leading accounting software for small businesses, offering invoicing and payroll.
- AutoEntry vs FreshBooks: FreshBooks is designed for small businesses and freelancers, focusing on invoicing and time tracking.
- AutoEntry vs NetSuite: NetSuite is a robust cloud ERP system with extensive financial management and business intelligence.
More of Hubdoc
Here’s how Hubdoc vs other popular software stacks up, highlighting their unique strengths:
- Hubdoc vs Puzzle IO: Puzzle IO offers AI-powered accounting automation and investor-grade financial reporting.
- Hubdoc vs Dext: Dext excels in receipt and invoice capture, smart categorization, and expense management.
- Hubdoc vs Xero: Xero is a complete cloud accounting software with comprehensive bookkeeping and financial tools.
- Hubdoc vs Synder: Synder focuses on syncing e-commerce and payment platform transactions directly to accounting.
- Hubdoc vs Easy Month End: Easy Month End streamlines month-end close processes and balance sheet reconciliation.
- Hubdoc vs Docyt: Docyt provides AI-driven bookkeeping, expense management, and real-time financial insights.
- Hubdoc vs RefreshMe: RefreshMe focuses on personal finance management, budgeting, and identity protection.
- Hubdoc vs Sage: Sage offers a broad range of business management solutions, including full accounting software.
- Hubdoc vs Zoho Books: Zoho Books provides an affordable, cloud-based accounting software with invoicing and inventory.
- Hubdoc vs Wave: Wave offers free accounting software, invoicing, and receipt tracking for small businesses.
- Hubdoc vs Quicken: Quicken is a personal finance tool for budgeting, investments, and tracking individual spending.
- Hubdoc vs Expensify: Expensify specializes in automated expense reports, receipt scanning, and corporate card reconciliation.
- Hubdoc vs QuickBooks: QuickBooks is a widely used accounting software for small businesses, offering invoicing and payroll.
- Hubdoc vs FreshBooks: FreshBooks focuses on invoicing, time tracking, and expense management for service-based businesses.
- Hubdoc vs NetSuite: NetSuite is a comprehensive cloud ERP system for financials, CRM, and e-commerce.
Frequently Asked Questions
Is Hubdoc truly free with Xero?
Yes, Hubdoc is generally included free with most Xero business plans. This makes it a cost-effective solution if you’re already a Xero user.
Can AutoEntry integrate with QuickBooks Desktop?
Yes, AutoEntry offers integrations with both QuickBooks Desktop and QuickBooks Online, providing flexibility for different accounting setups.
Which tool is better for bank statement extraction?
AutoEntry generally excels at detailed bank statement extraction, often handling complex formats and providing higher accuracy for line items.
Do these tools replace my accountant?
No, these tools enhance your accountant’s work. They automate data entry, allowing your accountant to focus on analysis and strategic advice rather than manual tasks.
Can I use both Hubdoc and AutoEntry?
While possible, it’s usually not efficient. Most businesses find one tool sufficient for their document automation needs, depending on their specific workflow and accounting software.
