CIS – Xero and QBO provide a simple method of accounting for the construction industry scheme. Once set up, invoices match payments and the respective deduction is automatically posted to the balance sheet to reclaim or pay to HMRC.
● Check verification numbers within the software.
● Manage CIS deductions and prepare to file with HMRC using real-time figures.
● Prepare monthly CIS reports for every sub-contractor.
● Using staged invoicing and estimates for project work. ● Save time on manual data entry using automatic receipt capture on the job.