Characteristics of the Double-entry accounting method

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In this article

The double-entry bookkeeping application meets the professional criteria for companies and entities of any kind, where accounting is required by law.

  • It is a very powerful tool, but is very flexible and easy to use at the same time, as the different features can be activated or deactivated. This allows you to manage both the main accounting as well as structured Chart of Accounts on several levels: with VAT, customer and supplier management, invoicing, cost centers and segments.
  • It can be edited at any time, offering everyone perfect results. It is ideal for the experienced accountant who wants to work quickly as well as for beginners. For this reason it is used for teaching accounting in many schools.

▶ Video: How to start a Double-entry accounting

Similar to Excel

Excel-like features and commands

Spreadsheet-based

Accounting management is concentrated in three tables, which are used in a similar way to the Excel spreadsheets, but that are already completely set up and programmed with everything needed to keep your accounting quickly and safely.

  • Accounts table.
    Set up all liquidity accounts, customers, suppliers, etc. and enter the opening balances without having to enter them manually in the Transactions table. You can aggregate multiple accounts, such as the cash accounts, bank or post in the liquidity group, so as to have the updated balances and they can be checked immediately.
  • Transactions table.
    The centre of keeping accounts, where the transactions are entered or imported. The debit and credit transactions can be completed with additional information to manage customers and suppliers, issue invoices, manage cost / profit centers, segments, quantities and prices and anything else you need. Scrolling through the table you will have a comprehensive view of all the events. It can be modified in order to always keep accounting in perfect order.
  • Totals table.
    This displays the totals by Group and is used to check the accounting balances.

Further tables can be added to support additional functionalities.

  • Budget table.
    Prepare financial forecasts, with the double-entry method. Complete with liquidity planning, budget and forecast income statement, customer, supplier, investment, project, segments for one or several years.
  • VAT codes table.
    Set the required rates and parameters to be used in the Transactions table for the automatic calculation of VAT and the reports to be presented to the tax authorities.
  • Items table.
    To set up a list of items to be used for billing. The program keeps track of your income and expenses.
  • Free tables.
    To meet further needs.

Quick start

 

Templates

Accounting management focuses mainly on three tables, which are used in a similar way to Excel spreadsheets, but which are already fully set up and programmed with everything needed to keep accounting quickly and safely:

Accounting setup

Multi-lingual

File and data saving

Plan-Execute-Control

In the same file and always with the double-entry method, you can keep the accounting, or your budget or both. The powerful  Plan-Execute-Control approach is very intuitively used.

 Double-entry accounting method

Chart of Accounts

Transactions

Financial forecasting

Balance Sheet and Income statement

Other accounting prints

Charts

Further management

The program also allows you to add additional information to the transaction, allowing you to use the same data needed for VAT management, for tracking customers and suppliers, issuing invoices, generating reports for projects or business sectors and to face the various corporate and tax obligations.

VAT management

Customer management and control

Invoices to customers

Supplier management

Cost and profit centers

Segments

Items table

Control and closure

Error reports and accounting control

Transaction protection

Closing and new year

Exporting and storing data

Extensions and other features

Added functionalities

Documents Table

Other additional tables

Extensions

Comprehensive documentation

 

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