Xero + Dext: right for your construction business? We think so – here’s why
Running a construction business, it’s important to manage your finances efficiently. Xero and Dext are software tools that can help you streamline your financial processes.
With Xero’s software, you can send quotes, create invoices, track expenses, and manage jobs from the mobile app. It also helps you stay compliant with HMRC’s Construction Industry Scheme (CIS) and domestic reverse charge VAT .
Dext’s integration with Xero uses AI to slash data entry time. If you can take photos with your smart phone, you can master this software in minutes!
At Wynne and Co are Gold Standard Xero Certified Accountants we can not only set this up but also train you how to use it – even for those with a small budget.
Ways to help you save money and tax:
Automated bookkeeping: By using Xero and Dext together, you can automate your bookkeeping process. This means that you can save time and money by reducing the need for manual data entry.
Reduced errors: Automated bookkeeping also reduces the risk of errors in your financial records. This can help you avoid costly mistakes that could lead to fines or other penalties.
Improved cash flow management: By using Xero and Dext to manage your finances, you can get a better understanding of your cash flow. This can help you make more informed decisions about when to pay bills, when to invoice clients, and when to invest in new equipment or other assets.
Tax compliance: Xero is Making Tax Digital (MTD) compliant, which means that it meets HMRC’s requirements for digital record keeping and VAT returns . By using Xero and Dext together, you can ensure that your business is fully compliant with UK tax law.
Better financial reporting: With Xero and Dext, you can generate detailed financial reports that give you a clear picture of your business’s financial health. This can help you identify areas where you can cut costs or increase revenue.
By using Xero and Dext software in small construction businesses, you can streamline your financial processes, reduce errors, improve cash flow management, ensure tax compliance, and generate better financial reports.
HOW WE CAN HELP YOU:
Training: We can provide training to help you and your team get up to speed with the software. This can help you use the software more effectively and efficiently.
Customisation: We can help you customise the software to meet your specific needs. This can include setting up custom reports, creating custom workflows, and more.
Support: We can provide ongoing support to help you troubleshoot any issues you may encounter while using the software.
Advice: We can provide advice on how to use the software to improve your financial processes and save money on taxes. Once it’s up and running we will have timely up to date quality information to help you grow your business or increase your profit margin
Integration: We can help you integrate Xero and Dext with other software tools you may be using, such as project management software or CRM software.
LIKE THE SOUND OF THAT? WHAT’S NEXT?
By working with us, you can get the most out of the software and improve your overall efficiency whilst maximising tax savings and freeing up admin time to do something more fun or to run your business better!
Don’t want to do all it yourself? – we can set it up and do all for you!
Or call us today on 01267 240083 to book a call for a free 30 minute meeting to discuss your needs