Digital accounting refers to a digital accounting programme that helps you keep track of everything related to accounting such as invoicing, expenses, receipts, VAT and deadlines from SKAT.
Why a digital accounting programme?
A digital accounting programme replaces many older accounting methods by giving you access to your accounts through an online platform. Many digital accounting programmes also offer a mobile app, which makes it easier for users to upload receipts and send invoices on the go, and can also ensure that your invoices are posted correctly in your accounts.
Having a digital accounting programme has become especially relevant after the Danish Parliament adopted a new Bookkeeping Act, which sets requirements for companies' use of an accounting programme. The new accounting law means, among other things, that paper receipts are no longer considered valid documentation for bookkeeping. All accounting material must be stored digitally, e.g. through a digital accounting programme or with storage in the cloud. You can read more about The new Bookkeeping Act Here.
Having a digital accounting programme has many advantages, including invoicing, VAT and integrations.
Invoicing becomes a breeze
When you use a digital accounting programme, you often have the option to create invoices directly in the programme. There are many advantages to creating invoices through your digital accounting programme. For example, you don't have to worry about whether the invoice complies with all legal requirements - simply fill in the information about the customer, payment and goods/services sold.
As mentioned, many digital accounting programmes also offer a mobile app that makes it easy to create invoices on the go and ensures that the invoice is booked correctly in your accounts. It's a breeze.
If you have a webshop connected to your business, you can check if your digital accounting programme has an integration with it. If you do, your orders can be automatically transferred to the programme, saving you time and avoiding errors.
VAT can be reported in just a few clicks
Struggling with VAT and VAT reporting? VAT reporting can pull the teeth of even the best business owners and accountants. If you choose a digital accounting programme with a VAT integration with SKAT, VAT reporting can be done in just a few clicks. The VAT integration with SKAT ensures that you report the correct figures to SKAT, which retrieves the figures directly from the system and inserts them into the correct fields in the VAT return.
In addition, a digital accounting programme can give you a thorough overview of your VAT base, so you can see exactly which invoices and bills generate the sales and purchase VAT that you can see in your VAT statement.
The integration between Billy and Intempus makes registration easier
With an integration between Intempus’ digital time tracking system and accounting system Billy you can easily transfer your data from one system to another. This eases administrative work and minimises errors when a customer is invoiced for working hours.
Once the integration is set up, you can create a product that is used to register customer hours. Once the product is created in Billy and mapped with Intempus, you will be able to invoice through Intempus and transfer the invoice to Billy easily and simply.
Billy can also integrate with many other systems that you can use to automate the administrative work in your business. If you are interested in learning more about Billy and its integrations, see more here.
Want to hear more?
Intempus integrates with various payroll and accounting systems, allowing data to be transferred from one system to another either automatically or with a few clicks. An indispensable tool if your company wants to optimise administration and make invoicing as easy and efficient as possible. If you are curious about whether Intempus can integrate with your accounting software, you can see an overview of our integration options here. You are also welcome to book a free and non-binding demo where we can show you how we can make your administration easier:
You can also give us a call at: +45 26390400
