If you are a user of Dext Prepare, you will already be familiar with Dext’s smart automation tools and real-time accurate data to process all your purchase invoices and receipts. Now you can do the same with your sales data in Dext Commerce.
Our guide outlines the basics of Dext Commerce, including integration and benefits: cost effectiveness, fewer errors, data consistency and more.
To discuss Cardens Accountants' Dext services contact us at info@cardens4u.co.uk
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Dext Commerce Guide for E-Commerce businesses
1.
2. If you are a user of Dext Prepare, you will already be
familiar with Dext’s smart automation tools and real-time
accurate data to process all your purchase invoices and
receipts. Now you can do the same with your sales data
in Dext Commerce.
If you sell goods or services through e-commerce
retailers, merchants and marketplaces you can integrate
Dext Commerce to automatically extract the key financial
data and import it into your accounting system such as
Xero or Quickbooks.
3. What are e-commerce platforms?
An e-commerce platform enables a business to sell products and
services online. Dext currently has connections with most of these
large sites, including:
• Amazon
• Stripe
• Shopify
• Etsy
• Not On The Highstreet
• Woo Commerce
…and many more. Plus, they are adding new connections each
month!
4. How does Dext Commerce work?
Link up Dext to your digital commerce platform to begin
automatically importing the sales and fees data.
Once the data is in Dext, it will auto-extract the details of that sale
including Total Amount, Tax Amount, Line item details, Payment
Method, and any related fees.
You can then review & publish that data to be reconciled against
the income; or once you are confident, setup auto-publish to get
the data going straight from point of sale to your accounting
software.
5. Why should I use it?
• Fewer Errors
Up until now, we have had to rely on manual entries (which can
lead to human error and inaccuracies) or integration links directly
between the e-commerce site and the accounting platform. By
using Dext commerce, you’ll receive data consistently from each
platform that you sell through.
• Cost Effective
Many of the existing integrations will charge you a monthly fee to
connect their platform to your accounting software, which can
become quite expensive if you sell through multiple sites. Dext
Commerce allows you to connect as many platforms as you require
all for one price.
6. Why should I use it?
• One System
Dext Commerce acts as a central hub that tidies up and sorts all the
data from each e-commerce site before publishing into your
accounting software. This means you only have to learn one system
and your data will be imported consistently.
• Fast and Accurate
Data is extracted on a daily basis, so your accounts are always up
to date, accurate, and Making Tax Digital compliant.
7. Count On Cardens
If you sell through an e-commerce platform, Dext Commerce is a
must have tool to cut down on your processing time and provide
you with more accurate data, giving you more time to focus on your
business’ needs. Please get in touch with a member of Cardens
today and we can get you set up with your Dext Account.
info@cardens4u.co.uk
New clients: book your free consultation