Xenon Connect is software in the cloud that helps businesses to improve the accuracy and quality of their bookkeeping and provides insight into financial performance indicators that matter.
With ‘Making Tax Digital’ (MTD) already here for VAT in the United Kingdom and MTD for Income Tax due to arrive soon, it has never been more important that businesses ensure that their bookkeeping is free from error.
Improving the accuracy of bookkeeping
Built by Chartered Accountants in practice, Xenon Connect contains a host of automatic bookkeeping checks that detect issues that require attention.
Each bookkeeping check provides clear guidance on why the issues detected matter, along with providing support to quickly fix the issues.
The growing list of bookkeeping checks include:
- Unreconciled Bank Items
- Duplicate Invoices
- Duplicate Bills
- Old Unpaid Invoices
- Old Sales Credits
- Old Unpaid Bills
- Old Purchase Credits
- Duplicate Contacts
- Contact Defaults
- Unexpected Account Used
- Unexpected Tax Code Used
- Inactive Contacts
- Bill or Direct Payment
- Invoice or Direct Deposit
- Low Cost Fixed Assets
- Capital Item P&L Review
- Unapproved Invoices
- Unapproved Bills
- Multi-Account Suppliers
- Multi-Tax Code Suppliers
- Misallocated Items
- Opening Balance Differences
- Sales Tax Missing
- Purchase Tax Missing
with more checks being introduced regularly.
Providing insight into financial performance indicators that matter
Once your bookkeeping data has been cleansed using the tools mentioned above, you can place greater reliance on the information and reports produced within Xero and QuickBooks Online.
Xenon Connect uses your accurate bookkeeping data and feeds it into an ever-expanding set of financial performance and position insight features.
The Dashboard Insights make sense of your bookkeeping data and produces the following accounting insights that form the life blood of your financial business machine:
- Sales Tracker
- Cash Health Check
- Bookkeeping Health Check
- Profitability
- Corporation Tax Estimate
- Directors’ Loan Accounts
- Business Valuation
- Working Capital Cycle
- Dividend Availability
Xero Integration
Xenon Connect integrates with Xero Accounting Software, with a regular automatic data synchronisation process running in the background.
QuickBooks Online Integration
Xenon Connect integrates with QuickBooks Online Accounting Software, with a regular automatic data synchronisation process running in the background.