CIS - Apply CIS to spend money transaction
When preparing monthly CIS returns on xero you need to create a bill for the subcontractor and reconcile/mark the bill as paid. When you have clients that have on average 80 to 120 subcontractors the bill creation even with a bill template can be time consuming.
Something to consider is whether creating a bill could be removed from this process and the CIS return be prepared simply from a spend money to a CIS enable contact.
Also something else that can be time consuming when dealing with this volume of subcontractors is downloading the monthly CIS payment certificates as clients don't want them emailing directly to subcontractors. Could there be a better download function which will allow a download all certificates applicable with in a CIS period?
Matthew Pannett
shared this idea
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Lucy Verrill
commented
This would definitely help several of my clients who have multiple subcontractors, who pay from time sheets rather than submitted invoices. They are unwilling to move from HMRC CIS submission to Xero because of the complexity of posting invoices and matching to bank payments. As a consequence of this they make some errors in between transferring data from timesheets to HMRC CIS submission. Simplifying the process in Xero would enable them to switch to it and cut down on errors.
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Bryan Rumbold
commented
When is this likely to be available? From the new tax year would be helpful!
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Jordan Revill
commented
This sounds like a good idea and will make the process more sufficient
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Kerry Johnson
commented
This sounds like a good idea
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Sarah Box
commented
Fab idea
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Catherine Johnson
commented
Great Idea
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Natasha Needham
commented
this would save a massive amount of time
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Brad Severns
commented
Will make the process faster and smoother!
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Tony Webb
commented
Be able to use the CIS codes 321,322 and 821 when making a payment from spend rather than posting an invoice first