CIS and Xero

CIS and Xero

Didn't find your answer?

Dear All,

I am in the process of developing a CIS application that will function together with Xero. (For those that are interested the concept is explained here: http://www.paycloud.co.uk ) What I'm doing at the moment is working out the best way for the application to interact with Xero, if anyone has any suggestions regarding the best methods of accounting for CIS subcontractor payments that would be much appreciated. 

The method that my construction company currently uses is to reconcile the nett payments to each subcontractor, and then any deductions to a tax deductions account, and materials to the materials account. There may of course be a better or more sophisticated way, or a method that is generally used by others in the industry. 

I'm really interested in any feedback that anyone has please!

Best regards,

Robert Brown

Replies (1)

Please login or register to join the discussion.

Glenn Martin
By Glenn Martin
01st Dec 2015 20:15

Robert
I had a post on this about 2 weeks ago as have a client using Kashflow as it is good with CIS but was lacking in other areas so thinking of moving to Xero. The MD from Xero posted that they were looking to add CIS to Xero core package early in 2016 so if you are spending time trying to develop this as an add on you maybe wasting your time.

Thanks (1)