You want to make the life of your treasurer a happy one. Choosing the right tools so they are happy, the committee are happy, the board are happy and the accountant is happy is not easy - surely?
What about cash flow too. Gift Aid is a major source of cash flow for many organisations - yet claiming it can be an administrative nightmare!
Using infoodle and xero certainly can satisfy all of the above! By making the book keeping process easy, it means you can make your Gift Aid claim more frequently, and accurately and thereby improve your cash flow.
Doing your bookkeeping using Xero means that you have a straightforward tool for managing your day to day accounting and periodic reporting requirements. Add infoodle to the mix and you have a powerful tool to ensure your Gift Aid can be processed, at minimal cost.
infoodle has specific features to ensure that as much as possible it is a true add-on to Xero. By this we mean that you can carry on your day-to-day bookkeeping in Xero knowing that infoodle is working in the background to pull the data required out of Xero at the appropriate time. Once the data is in infoodle you could directly review the data and if you’re happy - apply your claim. Literally - once setup - its only 6 clicks to prepare and file your claim!
Step 1 - Setup infoodle so infoodle knows what to do
Step 2 - Review your claim
Step 3 - Make your claim
You can now optionally get infoodle to create an invoice in Xero ready to receive the funds from the HMRC.