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Dext

Score9.7 out of 10

48 Reviews and Ratings

What is Dext?

Dext is a bookkeeping automation platform now from IRIS (acquired December 2024) that eliminates much of the manual work associated to accounting processes.

Categories & Use Cases

Media

Dext Prepare Inbox & Mobile app

DEXT is a MUST

Use Cases and Deployment Scope

Manage bank reconciliations, verify ABN's, GST compliance, supplier rules, customer insights. I use DEXT extensively. It is essential in my business operating efficiently to the extent I insist on my clients using it at time of sign up.

Pros

  • Seemlessly extrapolate data
  • manage duplicates
  • check GST and ABN compliance
  • Match items with unreconciled transactions in XERO

Cons

  • On the Inbox screen include a 'due date' column so items can be easily sorted in due date order to assist managing accounts payable
  • improve the data matching between XERO and DEXT. Currently it performance is 'random' and does not occur on each customer file. Seems it is something that needs to be requested from support. It should be an automatic feature

Return on Investment

  • I am a single operator Bookkeeping business and run a very profitable business because DEXT provides me a very efficient process to capture critical data without the need for additional manpower.
  • The information DEXT captures, stores and reports helps me plan an present relevant information to the client to support pricing increases at client reviews
  • The information DEXT contains helps me present business insights to the client thereby assisting in their business aspirations which helps deepen client relationships

Usability

Alternatives Considered

Hubdoc, Shoeboxed and Zoho Expense

Other Software Used

Xero, ServiceM8, Deputy

Where AI works well

Use Cases and Deployment Scope

Dext reliably scans and extracts all necessary info from our bills and moves them to Xero without issue. The amount of time we save EVERY DAY is enormous. You need to ensure your settings are done well to make it work the most reliably, but once you are set, you are gold!

Pros

  • Extracts bill details
  • Recognizes duplicate bills and lets you review and choose what you want to do with them
  • Transfers data to Xero quickly and without error

Cons

  • email documents do not always arrive in Dext. Sometimes i have to print and upload them.
  • credits, unless they are obvious can appear as charges
  • I would love to be able to pull the purchase order number into the transfer to Xero. An option to decide what I want to bring into Xero would be BRILLIANT!

Return on Investment

  • Bookkeeping costs are WAY down, 50-60 bills per day can be entered in 5 minutes (or less) after a quick review, whereas entering manually in Xero would take a couple of hours.
  • Accuracy is so much better than manual entry as humans are simply human and make mistakes. Especially when you are dealing with volumes.
  • Easy to find bills that have been processed, viewing bills easily and tracking back to Xero if necessary. The link provided is exceptionally helpful

Usability

Alternatives Considered

Hubdoc

Other Software Used

Xero, Docparser

Functional, Simple, and Effective Receipt and Bill Processing Platform

Use Cases and Deployment Scope

We are using Dext Prepare for our receipt capturing platform. It makes it very easy to capture receipts, invoices, bills, and it is also very easy to upload these invoices. There are multiple ways of uploading receipts and they are very convenient. We used to scan, save copies of invoices, and email across each other but we don't need to do that anymore.

Pros

  • Mobile functionality
  • Capturing receipt/invoice information
  • Integration with accounting system

Cons

  • Price

Return on Investment

  • We used to spend 45 min for day to sort out the bills and push them to the accounting system but now it takes only 10-15 min max and there is less error.

Alternatives Considered

Hubdoc and Expensify

Other Software Used

Deputy, Hubdoc, Fathom

Usability

Great bit of software to support any size business

Use Cases and Deployment Scope

After years of lost receipts and missing petty cash records, Dext Prepare (with Receipt Bank) has solved the issue simply and quickly.

Each of our managers has an account that allows them easy access to upload receipts and invoices that could otherwise be lost on their travels to the main office, as we run busy bars shops and finance/accounts are not onsite.

Pros

  • Very easy to download the app
  • Easy to upload one or multiple receipts
  • Assigns the uploaded documents to the right account
  • Picks up on duplicated documents accurately to avoid double payments by mistake

Return on Investment

  • The team find this way of working much better than the paper-based system
  • The accountant loves that things are better documented

Usability

Other Software Used

Deputy, Employment Hero, Slack, monday.com

Reasons to choose Dext Prepare

Use Cases and Deployment Scope

I love using Dext Prepare. The Receipt Bank option has saved my business so much time and is available for daily review. 100% recommend this product for all business users.

Pros

  • It allows for up to date banking data
  • Receipt Bank Option is very easy to use.
  • Options to edit after posting.

Cons

  • Can the unmatched lines be exported to excel for review by a second person?

Return on Investment

  • This saved hours of manual labour, allowing more time for other tasks
  • Our client base has grown while our staff overheads has remained the same.

Usability

Alternatives Considered

AutoEntry by Sage

Other Software Used

AutoEntry by Sage, Hubdoc