In the UK construction industry, contractors and subcontractors are bound by specific rules and regulations outlined in the Construction Industry Scheme (CIS). This scheme governs various aspects of financial management, such as contractor invoices, subcontractor bills, CIS returns filing with HM Revenue and Customs (HMRC), and the generation of payment and deduction statements for subcontractors. Xero offers a dedicated workflow designed to assist contractors, subcontractors and accountants in managing their CIS obligations effectively.
ApprovalMax integrates seamlessly with Xero's CIS workflow, providing an efficient approval process for CIS Invoices, Bills and Credit Notes.