Hillier Hopkins is trusted by thousands of businesses to help them manage their accounting and bookkeeping. At the heart of that support is a strong team with a deep understanding of the various online accounting software packages, with a particular focus on Xero.
What many of our clients perhaps do not realise is that Xero, much in the same way as Apple’s App Store and Google’s Play Store, offers a wide range of helpful apps that can help you manage your business more effectively and efficiently.
Every month, we will highlight an app that we believe can help you and your business. Our experienced team will also share a tip and trick that will help you get more out of Xero.
This month we focus on Dext, a useful and simple way to capture data from receipts and invoices.
Dext
Dext is a cloud-based accounting software designed to automate and streamline various accounting tasks, particularly those related to expense management, bookkeeping, and document processing. It is widely used by accountants, bookkeepers, and small businesses to manage receipts, invoices, and financial data, enabling them to save time and reduce manual entry errors.
Key features of Dext:
- Automated Data Capture: Dext can automatically extract data from receipts, invoices, and other financial documents by simply scanning or uploading them.
- Integration: It integrates with popular accounting software like QuickBooks, Xero, and Sage, allowing seamless synchronization of data.
- Expense Management: Users can track and categorize expenses, ensuring accurate financial records.
A recent addition is Dext’s new Supplier Statement feature aimed at further simplifying the reconciliation process between purchase invoices and supplier statements. Here’s how it works:
- Automatic Matching: The feature automatically matches invoices recorded in the accounting system with those listed on supplier statements, identifying any discrepancies.
- Streamlined Reconciliation: This simplifies the reconciliation process by highlighting any missing or unmatched invoices, ensuring that all supplier transactions are accurately recorded.
- Error Reduction: By automating the matching process, the feature reduces the likelihood of errors and the time spent on manual checks.
- Request missing invoices: Quickly request invoices directly from the system for any missing invoices flagged from the statement.This new feature enhances the efficiency and accuracy of managing supplier relationships, making it easier for businesses to maintain up-to-date and accurate financial records.You can find out more by visiting https://dext.com/uk or asking Hillier Hopkins.
