DEXT UNVEILS PRODUCT TO SIMPLIFY MANAGING SALES DATA

KUALA LUMPUR, Aug 3 (Bernama) -- Accounting software provider, Dext has added a digital sales product to its growing platform, following acquisition of Greenback which rebrands to ‘Dext Commerce’.

“Dext Commerce enables accountants and bookkeepers to take on these businesses as clients more profitably. Dext Commerce solves two key pain points: getting standardised data, line by line, from multiple sources; and ensuring digital sellers accurately calculate how much tax to pay in different markets.” said Dext Chief Executive Officer, Adrian Blair.

According to a statement, Dext Commerce allows accountants and bookkeepers to take on more digital sales clients by simplifying the collection and categorisation of sales data from 16 e-commerce, POS and payment platforms including Amazon, PayPal, Shopify and Stripe.

It also integrates with Xero and Quickbooks Online, enabling accountants and bookkeepers to accurately submit eCommerce revenue into the largest accounting platforms.

The solution solves the challenge of manually fetching and consolidating sales data from multiple commerce and payment platforms in different formats.

Dext Commerce simplifies sales data and tax calculations across multiple countries, allowing accountants and bookkeepers to more profitably service digital sales clients.

Key Dext Commerce features include a digital record of sales transactions line by line to support compliance with new data regulations like ‘Making Tax Digital’ in the UK and making sure clients report and pay the right sales tax, wherever they sell.

Dext Commerce is available to all accountants, bookkeepers and businesses in the UK, US and Canada from Sept 1, with rollout in France and Australia later this year.

-- BERNAMA