AccountStudio accounting software is diverse, flexible and powerful

Financial accounting, ie accounting module is the central part of the entire accountancy because this where ledger and journal are kept, balance sheet and income statement are prepared, etc. Our programme is distinguished from the competitors by the convenience and speed of entering huge amounts of original documents. We can perform the tasks which in cases of most software would need additional modules, e.g. importing bank statements or keeping purchase and sales ledgers.

Being one of the few accounting programmes, our software enables you, just with a click, to get an overview of cash flow management, i.e. of the actual cash flow. It is not limited to only income statements or balance sheets. All necessary statements are generated automatically, including the annual report which is in conformity with the new requirements. Most of common accounting programmes do not have such capacity.

The accounting software can be fully integrated with AccountStudio modules of personnel and payroll accounting and stock accounting and invoice module, and it is possible to add customized modules.

Advantages of AccountStudio accounting software

• Flexible and thorough reporting makes working with data faster and sorting out data more accurately.
• Built-in calculation of foreign currency and automatic calculation of the changes in exchange rates save time and effort.
• Cash-flow accounting by using direct method enables you to see the actual cash flow.
• Record-keeping and detailed sorting of agreements, projects and other items of expenditure give a clear overview of the financial situation.
• The programme works via Internet and all users are authenticated, which means that you can access this at any time without losing in security.

Main functions of AccountStudio accounting software

• Flexible reporting: in addition to standard registers such as ledger and journal, it is possible to work out unlimited number of reports of special purpose.
• Recognition of cash flow by using direct method: compared to indirect method, recognition of cash flow by using direct method gives a considerably clearer and more actual overview of cash flow in the company’s business.
• Integrated credit control: a possibility to conveniently and generally manage problematic debts and debtors.
• Import of bank transactions (Swedpank, SEB, Sampo Pank): semi- or fully automatic entering of the files received from the banks’ electronic channels into accountancy.
• Export of reports to spreadsheet (OpenOffice, MS Office): all reports and documents can be exported from the system and further processed by means of office packages or other software solutions.
• Submitting declaration of income and social tax as a file: it is possible to generate the file electronically for submitting the declaration.
• Copying of entries: generating new similar entries by copying the existing ones, and thus saving time and minimizing the number of mistakes.
• Automatic distribution of expenses and income for a longer period: an automatic and convenient way of distributing income and expenses over different periods, ie so called postponed expenses.
• Possibility of correcting entries with the history of corrections and changes being preserved: it is possible to alter, correct and delete the entries which have already been made, whereas the whole history of the changes is preserved, which makes finding and correcting mistakes easier and convenient.
• Several foreign currencies (not limited in number) and central exchange rates: the system has a central management of different foreign currencies and the data related to exchange rates. The main currency is Estonian kroon, transactions may be concluded in any foreign currency. Activities with exchange rates are performed automatically.
• Flow of different foreign currencies may be shown on one account: distinctions between foreign currencies are drawn by means of separate fields of information, and therefore, it is possible to recognize the flow of different foreign currencies on the same accounts.
• Automatic calculation of profit and loss due to changes in exchange rates: the process that calculates the profit and loss due to changes in exchange rates is completely automated.
• It is possible to describe standard entries for quick entering of identical transactions: this is a solution that enables you to make complicated entries by making minimum effort for entering them. The system can be adjusted so that complicated calculations and checking operations are performed for the user. This minimizes the time spent on entering as well as the number of mistakes caused by human errors.
• It can be integrated with other modules: the documents prepared in other modules of our software system are automatically entered into financial accounting. It is possible to import entries from other systems.