Question 1

What is hospitality accounting?

Accepted Answer

Hospitality accounting is a specific area in accounting which focuses on the accounting processes and procedures used in restaurants, cafes, hotels and other hospitality-related enterprises.

Question 2

What is automation in hospitality accounting?

Accepted Answer

This involves the automation of manual, labor-intensive tasks related to your hospitality accounting processes. Crucial financial tasks or activities that were previously done by humans can now be automated with accounting tools or software. These include automating the way you capture, collect and categorise financial data, for both accounting and tax compliance purposes.

Question 3

How does Dext help with hospitality accounting and automation?

Accepted Answer

For SMB business owners in hospitality who struggle with accurately collecting and storing accounting records, Dext is an efficient and trusted hospitality accounting tool that lets you automate your expense and bookkeeping processes, giving you back time and peace of mind you need to focus and serve your customers better.

Question 4

Is Dext for hospitality an accounting software?

Accepted Answer

Dext is not an accounting software but is a pre-accounting tool designed to be part of your whole accounting workflow. Dext is built to seamlessly integrate with leading accounting software such as QuickBooks, Xero and Sage. See here for a complete list of the softwares we integrate with.

Question 5

How do businesses in the hospitality industry use Dext’s accounting tools?

Accepted Answer

Businesses in the hospitality industry currently make up a large part of our existing user base. Our award-winning and most trusted accounting tool - Dext Prepare, is a favorite, with its multiple submission methods, fast and accurate paperwork extraction and secure bank-level encryption. Many of our customers also use our Dext Prepare mobile app, to easily scan and submit paper receipts and invoices on the go.

Question 6

How does Dext Prepare for Hospitality work?

Accepted Answer

Dext Prepare is an accounting tool used to manage the receipts, invoices and other documents that hospitality businesses depend on to keep accurate, secure financial records. Our tool enables you to easily import, export and publish relevant financial records across multiple devices and softwares. Whether it's a receipt, an invoice or a bank statement, upload it ( using the Dext Mobile App / Email / Desktop / Invoice Fetch) and Dext will extract the data you need, then send it to your accounting software.

Question 7

How much does Dext’s hospitality accounting tool cost?

Accepted Answer

Visit our Dext pricing page for small to medium businesses. If none of these plans fit your business, you can also email us at direct@dext.com.

Question 8

How secure is Dext for my hospitality business?

Accepted Answer

Dext uses the strictest possible controls in place to keep your data safe. In line with GDPR regulations, we don’t even store your bank details. Your records are protected by bank-level encryption, supported by a dedicated online security team. Read more about where your data is saved in our terms and conditions.

Question 9

How does Dext help hospitality businesses with their cash flow?

Accepted Answer

While Dext isn't a direct cash flow solution, it does provide hospitality business owners with an up to date, accurate and real-time view of their business spending. That includes receipts, invoices, bank statements and other financial documents. With the many demands and unpredictabilities linked to the hospitality industry, having an accurate record of accounts can give you the confidence and control you need to stay on top of your cash flow. If you’d like to find out more about cash flow and how to improve it, have a read of our Beginner’s Guide to Smart Cash Flow.

Invoice automation for hospitality accounting

Helping you save time and money, whilst growing your business

Save money and time - especially during business peak seasons

Simplify managing all of your expenses and invoices

Benefits if you run multiple businesses or multiple events

Platform that supports you working on the go

Simplify how you capture and use your data

Connect Dext Prepare with your accounting software

Dext connects to

Download the Dext mobile app

Frequently asked questions