e-conomic contains General Ledger, Accounts Payable, Accounts Receivable and Invoicing modules. The system is available in two versions, Small and Standard. The basic functions in Small and Standard are identical. The only difference between them is a limit to the number of transactions.
General Ledger:
- Default setup with charts of accounts for sole traders and companies
- Import function for creating chart of accounts and entries
- Unlimited number of day books, incl. recurring entries
- Choice of base currency (£ Sterling is the default)
- Multi-currency
- Automatic updating of exchange rates
- Automatic booking of exchange rate differences
- Calculation of VAT
- Budget
Accounts Receivable and Invoicing:
- Unlimited number of customers
- Unlimited number of products/services
- Import function for creating/updating customer and products lists
- Electronic invoicing
- Invoicing with automatic posting to sales ledger
- Invoice-to-payment matching
- Templates for quotations, order confirmations, invoices, reminders, etc.
- Optional layout with own company logo
- E-mail function for quotations, order confirmations, invoices, reminders, etc.
Accounts Payable:
- Unlimited number of suppliers
- Import function for creating/updating supplier list
- Invoice registration and invoice-to-payment matching
- Multi-currency
Reports:
- Trial balance and P&L reports
- Financial ratio reports
- Aged debtors analysis
- Aged creditors analysis
- Turnover statistics
- VAT statement
Other:
- User access control
- Integration with MS Excel
- Integration with other systems
- Data import/export
- Events log
- Free access for accountant and external bookkeeper
- User guides and free hotline service
