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Synnch

By Synnch
5 out of 5 stars
 2 reviews
Free trial available
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Synnch is an app that helps businesses successfully claim the R&D Tax Incentive. We’re taking the complexity out of compliance and streamlining your reporting tasks — so you can spend less time on data entry, and more time innovating.
Rated
5.0
out of 5
Reviewed by
2
Xero users
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Free trial
available
Listed for
2 years
October 2022

Synnch can help your business

  • Reporting

    • External reporting

  • Monitoring

    • Planning and budgeting

  • Access finance for growth

    • Plan required finances

  • Tasks for Accountants and Bookkeepers

    • Manage data and documents

  • File taxes

    • Prepare work papers

Overview

One of the biggest challenges in bringing innovation to life is the huge investment it requires. We started Synnch because we wanted to support the people and businesses leading the cutting edge of technology in the best way we knew how.

By helping Australian businesses access government funding, grants and tax offsets, we've been able to contribute to the advancement of a smarter, safer, and more sustainable world. And we're pretty proud about that.

Synnch
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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.

Getting started

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.

Screenshot 1 for app Synnch

Reviews & ratings

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5.0 out of 5 stars
2 Reviews

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Most recent reviews

AA
Andrew Antonopoulos
Posted 19 May 2023
5 out of 5 stars

One of a kind!

Finally a system offering a framework and guidance for the R&D Tax Incentive. Agree - a must have for anyone claiming or engaging with the R&D Tax Incentive.

Response from Synnch

Thanks Andrew!
TC
Tyler Caskey
Posted 17 Mar 2023
5 out of 5 stars

A must have for any R&D claim

This has to be one of the best systems I've seen in the R&D market. The user experience is clean, the technology is sound, the logic simple and easy to follow, and it connects to Xero to save you time calculating your expenditures.

Response from Synnch

Thanks Tyler, we look forward to working with you!

Additional info

Shared data

Xero
Synnch
PayRunsshared from Xero to Synnch
PayItemsshared from Xero to Synnch
Accountsshared from Xero to Synnch
Tax Ratesshared from Xero to Synnch
Reportsshared from Xero to Synnch
Journalsshared from Xero to Synnch
Employeesshared from Xero to Synnch

Functions

Bills and expensesDocuments

Industries

Professional servicesAccountingManufacturing

App details

By Synnch
Added in 2022

Countries

Australia, Canada, Malaysia, New Zealand, Singapore, South Africa, United Kingdom, United States

Languages

English

Support

Setup walkthroughContact supporthelp@synnch.com.au

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