ReceiptBank, AutoEntry, Hubdoc, or DOKKA?
ReceiptBank, AutoEntry, Hubdoc, or DOKKA – which automated data entry software is right for your business?
Entering purchase invoices and receipts data is one of those small tasks that you may not
consider automating at first, but that can seriously waste time and expose your business to
human error. An automated data entry software that syncs with your accounting software can
streamline processes even more, boost efficiency and offer you the safety of the cloud. But
which tool is the best? You’ve probably heard your accountant mention software such as
ReceiptBank, AutoEntry, Hubdoc, and DOKKA, so here some of the most important features and
pricing details to help you make the right call:
ReceiptBank is a popular pre-accounting tool that helps you spend less time on manual data
entry. This software works on a subscription-based pricing model and you can choose from
several monthly and annual plans, depending on the size and needs of your business.
ReceiptBank’s best features include:
Instant invoice scanning via the mobile app
Accurate data extraction from documents
Foreign currency support
Automated invoice submission reminders to clients
Secure cloud storage
Multiple data export options
Integration with Xero, QuickBooks, Sage Accounting, KashFlow, FreeAgent, and other
popular accounting tools.
Feature-wise, AutoEntry is very similar to ReceiptBank: users can submit invoices by scanning
them with the mobile app, AutoEntry automatically extracts data from them, and automatically
syncs it with your accounting software.
However, what stands out about AutoEntry is its pricing model, which doesn’t require a full
subscription. Instead, after the free trial period, you can purchase a set number of credits,
which you then used depending on the features you want to use. Unused credits roll over to
the next month, which is a nice feature for small business owners and home businesses
because you pay exactly what you use.
Hubdoc is a Xero product that extracts data from your documents, whether they come in the
form of receipts, bills, statements, or emails, and converts it into usable data through Optical
Character Recognition. When you connect Hubdoc to your bank account for the first time, it automatically fetches data from the last 36 months, which is a major timesaver. Recognition
speed is also pretty impressive and it can often recognize instantly data that took other tools
hours to identify. Hubdoc isn’t as feature-packed as ReceiptBank but it is the lowest cost
solution for small to medium-sized businesses, so unless you have advanced accounting
requirements, this tool is a great place to start.
Dokka has huge potential thanks to its
AI-powered features. Like the other tools on this list, Dokka integrates with your accounting
software, collects documents, and automates entries, but it stands out through its
customization options. By continuously using Dokka, you can teach its AI system to understand
your needs and make it more relevant for your business. You also have collaboration tools, so
that you can communicate in real time with team members. Dokka has a free trial version
available, Business and Pro plans that are billed annually, or you can go for a customizable