For as long as the R&D Tax incentive has been available there has been a vast record-keeping requirement to substantiate claims. Traditionally this meant that a Claimant would have fragmented record-keeping across multiple platforms, which would leave them open to audit failure risk. For an R&D Consultant, poor record-keeping means a lack of technical substantiation, and excessive resources allocated to sense make the technical narrative and generate a compliant claim. Synnch exists to support both Claimant and Consultant equally, resulting in healthy and compliant claims that reduces the risk for the Claimant and allows the Consultant to spend more time steering the Claimant toward a healthy claim.
Synnch + Xero
Get the clarity you need on your R&D spend YTD, and motivate your people with clear workflows, achievable recordkeeping strategies, and 24/7 support.
With the Synnch Xero integration, you can map and track payroll and other OPEX to automatically estimate and forecast your RYTD R&D expenditure.
View and export dynamic reports and charts that detail R&D expenditure and wage & salary estimates, by team member, project, core and supporting activity.
Securely access your financial statements and other reports from with Synnch, and invite your account, advisor or R&D consultant to help you setup and configure the integration.
Automatically onboard and invite your team to Synnch using your company payroll data, and securely capture their wage or salary data to instantly convert any timesheet created in Synnch to a real-time R&D wage & salary estimate. Compare YTD individual payroll accruals with R&D wage & salary estimates to drive accountability and performance.
Map the expense type accounts within your general ledger that may contain R&D overheads and assign one of two dynamic cost drivers to apportion your overheads to project estimates in real time, or setup your own cost drivers for each project.
Reviews & ratings
A must have for any R&D claim
Response from Synnch