Hubdoc and Documentric solve different problems. Here is an honest breakdown of which tool you actually need — and when to use both.
Hubdoc auto-fetches documents from bank portals — it is a document collection tool. Documentric converts PDFs you already have — it is a document conversion tool. If your bank is not supported by Hubdoc, or if you receive statements from clients as PDFs, Documentric is the right tool. Many accountants use both, and that is perfectly reasonable.
| Documentric | Hubdoc | |
|---|---|---|
| Convert a PDF you already have | ✓ | ✗ |
| Auto-fetch documents from bank portals | ✗ | ✓ |
| Works with any bank PDF | ✓ | ✗ — requires bank connection |
| Receipt & invoice capture | ✓ | ✓ |
| Export to QBO / CSV | ✓ | Via Xero integration |
Bottom line: Hubdoc and Documentric solve different problems. Hubdoc is a document collection tool — it logs into your bank portals and fetches statements automatically. Documentric is a document conversion tool — you give it a PDF and it extracts the transactions. They are complementary, not competing.
| Documentric | Hubdoc | |
|---|---|---|
| Standalone price | $29 / mo | Included with Xero subscription |
| Free tier | 50 pages (no account) | ✗ |
| Without Xero subscription | Available | Paid add-on (~$12/mo) |
| No accounting software required | ✓ | ✗ — designed for Xero |
Bottom line: Hubdoc's value is best when you are already a Xero subscriber — it is included in most Xero plans. If you use QuickBooks, FreshBooks, or any other accounting software, Hubdoc offers less value. Documentric is accounting-software-agnostic and exports to any format.
| Documentric | Hubdoc | |
|---|---|---|
| Works with any bank worldwide | ✓ | ✗ |
| Requires supported bank connection | ✗ | ✓ |
| Works with small / regional banks | ✓ | Often no |
| Works with international banks | ✓ | Limited |
| No bank login credentials required | ✓ | ✗ — requires credentials |
Bottom line: Hubdoc only works with banks that have a direct connection configured. Regional banks, credit unions, and international institutions are often not supported. Documentric converts any PDF from any bank — if your client can export a statement as a PDF, Documentric can process it.
| Documentric | Hubdoc | |
|---|---|---|
| Upload PDF directly | ✓ | ✗ |
| Requires bank login credentials | ✗ | ✓ |
| Works with client-provided PDFs | ✓ | ✗ |
| Automated document fetching | ✗ | ✓ |
Bottom line: The input model is fundamentally different. Hubdoc requires credentials to your bank — or your client's bank. If you are an accountant whose client simply sends you a PDF, Hubdoc cannot help you. Documentric just needs the PDF. There is no credential sharing required.
| Documentric | Hubdoc | |
|---|---|---|
| Convert PDF received from a client | ✓ | ✗ |
| Works without bank portal access | ✓ | ✗ |
| Inline review and edit before export | ✓ | ✗ |
| Balance reconciliation check | ✓ | ✗ |
| Process scanned / image-based PDFs | ✓ (OCR) | Limited |
Bottom line: The most common accounting scenario — a client emails you a PDF of their bank statement — is exactly what Documentric is built for. Hubdoc cannot process a PDF you already have. For client-document workflows, Documentric is the right tool regardless of whether you also use Hubdoc for automated fetching.
Use-case recommendations based on real differences, not marketing spin.
| Your situation | Our pick | Why |
|---|---|---|
| Already using Xero and your bank has a Hubdoc connection | Hubdoc | Included with Xero, automates document collection from supported portals |
| Bank not supported by Hubdoc (regional, credit union, international) | Documentric | Documentric converts any PDF — no bank connection required |
| Client sends you a PDF without giving you bank portal access | Documentric | Hubdoc requires bank credentials; Documentric just needs the PDF |
| Using QuickBooks, FreshBooks, or non-Xero accounting software | Documentric | Hubdoc is designed around Xero; Documentric exports to any format |
| Want to automate fetching AND convert client PDFs | Use Both | Use Hubdoc for auto-fetch from connected banks + Documentric for PDF conversion — they complement each other |