E-conomic has a collection of innovative and time saving functions within its core functionality.
The ability to perform a bank reconciliation automatically by importing your bank statement, create prepayments, enter fixed assets and let the system calculate the depreciation are a sample of the many benefits within our system.
Import the bank statement and let E-conomic manage your reconciliations
E-conomic has a smart fully integrated feature for automatic reconciliation of bank accounts and other accounts of which you can obtain electronic data reconciliation.
Accounts can be reconciled even before you book the supporting documents to the general ledger. The documents only have to be registered in the daybook. In this way, corrections and changes are easier to implement. See video on bank reconciliation.
Prepayments and deferred revenue
The Prepayment add-on module enables you to distribute expenses (e.g., insurance premiums, rent or lease agreements) over several periods. This functionality gives you an overview of your prepaid expenses, accrued and deferred income. See
video on how to process a prepayment.
Fixed assets
With the fixed assets module you can create, manage and depreciate fixed assets on a straight-line basis. See
video on how to process a fixed asset.