How does Xpnsit actually work?

Xpnsit harnesses sophisticated technology, combined with detailed tax information, to provide an easy to use online system for storing, tracking and monitoring expense and work related activities. However, Xpnsit is more than just a product for logging receipts.

A unique feature of the application is its logbook and diary functions which, for the first time, enable users to track and store work related and regular patterns of activity. In the past, individuals would have missed out on claiming these expenses simply because of the difficulty and effort required to monitor and store this data. Xpnsit simplifies this process ensuring that all possible deductions are accounted for and maximising each individual’s tax return.

To use Xpnsit, individuals simply input their basic financial information, expense details, and other regular patterns of activity related to their occupation. For example, weekly dry cleaning or study related travel.

Once the relevant information has been entered, users can track – in real time using the Tax-back-odometer– the estimated value of their tax return for any given period. In most cases, users will actually see the amount of their tax return increasing with each transaction!

Additionally, due to our extensive tax database, users can access highly tailored expense deduction guidance enabling them to identify unique opportunities to claim back tax.

Whereas in the past this type of software would have only been available in an off-line version, using the latest SaaS technology, users have the added benefit of being able to access the Xpnsit database and input additional information from any computer or mobile device with internet connectivity.