With an accounting software you facilitate the bookkeeping in your company considerably. In the meantime, there are numerous digital helpers that take care of accounting tasks fully automatically for you. So that you are not overwhelmed by the abundance of offers, we present three different accounting software here.
The 3 most popular accounting software
If you are looking for accounting software, you will quickly come across Lexoffice and Sevdesk. Both tools are very similar in their range of functions. They cover a wide range of accounting activities, from invoice management to document entry and support for P&L preparation.
What the two tools do not provide, however, are cash flow management functions. Those who value detailed planning of their liquidity should therefore look at special tools such as Agicap.
Agicap
Agicap is a special software that enhances accounting with useful functions around liquidity planning. The tool connects to the company's bank accounts via API interface and retrieves transactions from them in real time. It automatically classifies recurring incoming and outgoing payments into the designated categories, providing a transparent overview of all income and expenses.
Agicap also communicates with other accounting tools, such as Sevdesk and Lexoffice. For example, invoices can be retrieved from there and the due date automatically transferred to the liquidity planning. You can then see exactly how the cash flow will develop in the coming weeks and months.
Scenario planning also helps to run through various liquidity situations, giving managers an even better overview of their possible room for maneuver.
Agicap is particularly suitable for companies that previously had only an imprecise overview of their cash flow and would like to have more transparency and control in this area.
Lexoffice
Lexoffice is a typical accounting software that performs many tasks automatically. It clearly displays the current financial situation of the company on a dashboard. With other functions related to invoicing, it also acts as an invoice management software. Quotations can also be created with Lexoffice, and it can also be used to submit advance sales tax returns to the tax office.
Invoices can be easily scanned and stored in the system using digital document capture, so that no more documents are lost. The document data is automatically stored in the accounting system so that an open item list does not even arise.
Lexoffice can also be used to create payroll accounting, and at the end of the year it supports the creation of the profit and loss statement. This makes Lexoffice suitable for companies that do not yet use any accounting tools at all and still do a lot by hand and with Excel spreadsheets.
Sevdesk
Sevdesk is very similar to Lexoffice in its range of functions and covers a great many accounting tasks: Invoice management, voucher entry, payroll and P&L support.
In addition, a subscription model can also be selected that covers functions related to inventory management beyond invoice management and accounting functions. It is then also possible to view inventory management, assign items to suppliers and store supplier or customer prices.
Sevdesk is suitable for companies that are looking for a holistic accounting software, and may also need a tool for merchandise management.
What is accounting software?
The term "accounting software" represents an umbrella term under which all tools can be summarized that cover functions from the area of accounting.
In addition to invoice and document management, this also includes functions related to v. Above all, cash flow management plays a key role, because maintaining liquidity is essential for a company.
What is the benefit of an accounting software?
Accounting software helps users to keep their accounting in order and to complete the various tasks in the most time-saving way possible. Because modern tools process routine tasks automatically, employees are relieved and can concentrate on more important things.
The risk of having open items at the end of the year that can no longer be allocated also decreases with the use of accounting software.
What are the functions of an accounting software?
As mentioned earlier, accounting softwares provide functions around the financial, invoice and receipt management of a business. For example, if the tools are connected to bank accounts, a real-time overview of the company's financial situation is possible and it is possible to plan ahead in the best possible way.
Moreover, by storing invoices and receipts in the cloud, important data that distorts planning or the profit and loss statement is no longer lost.
Our tips for choosing an accounting software
When choosing an accounting software, what matters most is what you specifically need in your business and what features you are interested in. Therefore, it is best to make a list of what functions you expect from a tool and then look around for suitable solutions.
Conclusion: These accounting softwares are worthwhile
In this article, we have presented you with three accounting softwares that will help you with your daily work. If you are looking for a tool that offers a wide range of accounting functionality, Lexoffice and Sevdesk are great for that.
However, what such all-round accounting software cannot do is provide functionality in more specialized areas, such as liquidity management. If you are always struggling with liquidity bottlenecks or want to plan ahead your cash flow with the highest degree of accuracy, we recommend a special liquidity planning software like Agicap. This tool can even be connected to Lexoffice and Sevdesk to retrieve e.g. invoice data from there. Your cash flow planning will then be even more accurate.
The 3 most popular accounting software
If you are looking for accounting software, you will quickly come across Lexoffice and Sevdesk. Both tools are very similar in their range of functions. They cover a wide range of accounting activities, from invoice management to document entry and support for P&L preparation.
What the two tools do not provide, however, are cash flow management functions. Those who value detailed planning of their liquidity should therefore look at special tools such as Agicap.
Agicap
Agicap is a special software that enhances accounting with useful functions around liquidity planning. The tool connects to the company's bank accounts via API interface and retrieves transactions from them in real time. It automatically classifies recurring incoming and outgoing payments into the designated categories, providing a transparent overview of all income and expenses.
Agicap also communicates with other accounting tools, such as Sevdesk and Lexoffice. For example, invoices can be retrieved from there and the due date automatically transferred to the liquidity planning. You can then see exactly how the cash flow will develop in the coming weeks and months.
Scenario planning also helps to run through various liquidity situations, giving managers an even better overview of their possible room for maneuver.
Agicap is particularly suitable for companies that previously had only an imprecise overview of their cash flow and would like to have more transparency and control in this area.
Lexoffice
Lexoffice is a typical accounting software that performs many tasks automatically. It clearly displays the current financial situation of the company on a dashboard. With other functions related to invoicing, it also acts as an invoice management software. Quotations can also be created with Lexoffice, and it can also be used to submit advance sales tax returns to the tax office.
Invoices can be easily scanned and stored in the system using digital document capture, so that no more documents are lost. The document data is automatically stored in the accounting system so that an open item list does not even arise.
Lexoffice can also be used to create payroll accounting, and at the end of the year it supports the creation of the profit and loss statement. This makes Lexoffice suitable for companies that do not yet use any accounting tools at all and still do a lot by hand and with Excel spreadsheets.
Sevdesk
Sevdesk is very similar to Lexoffice in its range of functions and covers a great many accounting tasks: Invoice management, voucher entry, payroll and P&L support.
In addition, a subscription model can also be selected that covers functions related to inventory management beyond invoice management and accounting functions. It is then also possible to view inventory management, assign items to suppliers and store supplier or customer prices.
Sevdesk is suitable for companies that are looking for a holistic accounting software, and may also need a tool for merchandise management.
What is accounting software?
The term "accounting software" represents an umbrella term under which all tools can be summarized that cover functions from the area of accounting.
In addition to invoice and document management, this also includes functions related to v. Above all, cash flow management plays a key role, because maintaining liquidity is essential for a company.
What is the benefit of an accounting software?
Accounting software helps users to keep their accounting in order and to complete the various tasks in the most time-saving way possible. Because modern tools process routine tasks automatically, employees are relieved and can concentrate on more important things.
The risk of having open items at the end of the year that can no longer be allocated also decreases with the use of accounting software.
What are the functions of an accounting software?
As mentioned earlier, accounting softwares provide functions around the financial, invoice and receipt management of a business. For example, if the tools are connected to bank accounts, a real-time overview of the company's financial situation is possible and it is possible to plan ahead in the best possible way.
Moreover, by storing invoices and receipts in the cloud, important data that distorts planning or the profit and loss statement is no longer lost.
Our tips for choosing an accounting software
When choosing an accounting software, what matters most is what you specifically need in your business and what features you are interested in. Therefore, it is best to make a list of what functions you expect from a tool and then look around for suitable solutions.
Conclusion: These accounting softwares are worthwhile
In this article, we have presented you with three accounting softwares that will help you with your daily work. If you are looking for a tool that offers a wide range of accounting functionality, Lexoffice and Sevdesk are great for that.
However, what such all-round accounting software cannot do is provide functionality in more specialized areas, such as liquidity management. If you are always struggling with liquidity bottlenecks or want to plan ahead your cash flow with the highest degree of accuracy, we recommend a special liquidity planning software like Agicap. This tool can even be connected to Lexoffice and Sevdesk to retrieve e.g. invoice data from there. Your cash flow planning will then be even more accurate.