Dext has formally launched Dext Commerce, which is designed to permit accountants and bookkeepers to tackle extra digital gross sales purchasers by simplifying the gathering and categorization of sales data from 16 e-commerce, POS and cost platforms together with: Amazon, PayPal, Shopify and Stripe. It additionally integrates with Xero and Quickbooks On-line, enabling accountants and bookkeepers to precisely submit eCommerce income into the biggest accounting platforms.
The answer solves the problem of manually fetching and consolidating gross sales knowledge from a number of commerce and cost platforms in numerous codecs. Dext Commerce was constructed to simplify gross sales knowledge and tax calculations throughout a number of nations, permitting accountants and bookkeepers to extra profitably service digital gross sales purchasers.
Key Dext Commerce options embody:
- A digital file of gross sales transactions line by line to assist compliance with new knowledge laws like ‘Making Tax Digital’ within the UK
- Ensuring purchasers report and pay the precise gross sales tax, wherever they promote
- Itemize gross sales, charges, refunds and reimbursements knowledge, line by line, with one subscription
For reference, e-commerce gross sales within the UK and US comprised 35 % of complete retail gross sales in 2021, almost doubling within the UK specifically.
Dext Commerce is offered to all accountants, bookkeepers and companies within the UK, US and Canada from September 1st, with rollout in France and Australia later this 12 months.