Dext launches new product to make managing sales data simpler: Dext Commerce
Announcement posted by Dext 05 Oct 2021
- The solution helps accountants & bookkeepers take on digital sales clients profitably
- Simplifies sales data and tax calculations for businesses selling via Paypal, Shopify, Amazon, and other leading e-Commerce platforms
Accounting software provider Dext has added a digital sales product to its growing platform in the Australian market, following the acquisition of Greenback which rebrands to ‘Dext Commerce’.
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
- Making sure clients report and pay the right sales tax, wherever they sell;
- Itemise sales, fees, refunds and reimbursements data, line by line, with one subscription;
Australia is the 10th largest E-commerce sales market in the world, with approximately $37 B in revenue in 2020, with a forecasted annual growth of 8%. 1
Dext CEO, Adrian Blair, commented: “Millions of businesses now sell via eCommerce platforms like Ebay, Etsy, Amazon and Shopify. 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.”
Dext Commerce is available to all accountants, bookkeepers, and businesses in Australia from Tuesday October 5th.