Over recent editions of the S & W Insight, we have been giving you update on applications within Xero or that integrate with Xero that can help you with your business. For this month, we are pleased to share two additional enhancements that are beneficial for accountants in Sydney.
Hubdoc
A new innovative addon of Xero that helps businesses with automatic document collection and management. The features of Hubdoc include:
- Automatically fetch financial documents from over 700 financial institutions and vendors – for a list of vendors, please click visit: http://go.hubdoc.com/hubfs/HubdocLiveConnections.pdf
- Automatically match transactions with bank feed transactions in Xero;
- Process and key data from receipts and bills are automatically entered into Xero with the original invoices/receipts attached (like your personal virtual assistant);
- Invoices and receipts can be uploaded onto Hubdoc via Phone Apps, Email or direct upload to Hubdocs. No more paper;
- Hubdoc uses bank-level security protection to ensure your data is safe and secured – 256-bit encryption, McAfee and Trustee verification;
- Auto-filing and sorting of your documents so you can easily find documents by searching within Hubdoc
- Pure cloud solution with online access and cloud back-up
Pricing – free trial period and $27.50 per month after that
Video on Hubdoc – https://tv.xero.com/detail/video/5815856607001
Xero Business Insight
We touched on this a while ago and thought we would update you on where it is tracking to date. Xero Business Insights offers business owners the latest financial data and statistics concerning small businesses. It collects data from more than 500,000 small Australian businesses, which is more frequent and readily available than the ABS. If you are interested in knowing more about the data, please feel free to visit: https://www.xero.com/small-business-insights/
The insights categories include Cashflow, Getting paid, Hiring people, Trading overseas, and Cloud adoption.
If you want any help with your Xero accounting, don’t hesitate to contact our bookkeeping team.
Kreston Stanley Williamson Team
*Correct as of October 2018
Disclaimer – Kreston Stanley Williamson has produced this article to serve its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas in this article, you must seek advice about your circumstances. Liability is limited by a scheme approved under professional standards legislation.
