A robust solution for professional accounting
E-conomic is one of the most popular and widely used accounting platforms, trusted by thousands of businesses across industries. Its success comes from extensive functionality and a flexible structure that makes it suitable for both small businesses that need simple solutions and larger organizations with complex requirements. The accounting software offers everything from basic invoicing and bookkeeping to advanced features such as budgeting, automated VAT handling, and integrations with third-party tools. This versatility lets you tailor the platform to your needs, making it an obvious choice for many. In this review, we take a closer look at the software’s strengths and weaknesses and compare it with other popular accounting tools like Billy, Dinero, and Uniconta, so you can find the solution that fits your business best.[caption id="attachment_17684" align="aligncenter" width="600"]
e-conomic[/caption]Features and benefits
- Advanced invoicingThe software lets you create and manage professional invoices.
- Automation: Set up automatic payment reminders and recurring invoices.
- Integrations: Supports popular payment platforms such as MobilePay and PayPal, making it easy for customers to pay.
- Customization: Design invoices to match your brand.
- Bookkeeping and accountingIncludes advanced bookkeeping features, such as:
- Accounts receivable and accounts payable management.
- Ability to accrue and defer income and expenses.
- Financial budgeting for better planning.
- Integrations and APIE-conomic integrates with more than 70 third-party apps and tools, making it possible to tailor the system to virtually any business need. This flexibility is one of E-conomic’s biggest strengths, as the integrations cover a wide range of functions including CRM, inventory, payroll, and more. Some of the most popular integrations include:
- CRM systems: Salesforce, HubSpot, Pipedrive, and Microsoft Dynamics 365 to optimize customer and sales management.
- Inventory management: Rackbeat, Inventory Planner, and TradeGecko to streamline stock control and reorders.
- Payroll systems: Danløn, Zenegy, and Salary for easy handling of payroll and taxes.
- Project management: Asana, Trello, and Monday.com, integrating financial data directly into your project workflows.
- E-commerce platforms: Shopify, WooCommerce, and Magento to sync online sales with your accounting.
- Payment solutions: PayPal, Stripe, MobilePay, and Nets Easy to automate payment processing and track incoming payments.
- ERP solutions: SAP, Oracle NetSuite, and Microsoft Business Central for companies with more complex needs.
- Accounting tools: Billy, Dinero, and Excel export for flexible data handling across platforms.
- Budgeting and reporting: Budget123, Fathom, and Quick Analytics for advanced financial analysis.
- Time tracking: Toggl, TimeLog, and Harvest, integrating billable hours directly into invoices and projects.
- Document management: Dropbox, Google Drive, and OneDrive to store and share accounting files easily.
- Bank integrations: Nordea, Danske Bank, and Jyske Bank to automatically sync bank data with your books.
- Tax tools: Integration with Skat helps manage VAT and tax filings.
- Insurance and pension: Integrations with PFA and Topdanmark to track employee-related costs.
- API access: E-conomic’s API lets you build unique integrations for custom tools or niche needs.This wide range of integrations makes E-conomic a versatile solution for businesses of any size and industry. Whether you need to connect your web store, automate payroll, or get real-time insight into inventory, E-conomic is a powerful platform to unify and optimize your processes.
- VAT reporting
- Automated VAT calculation: The system handles complex VAT calculations, including EU VAT.
- Reporting: Generate VAT reports ready to submit to skat.
- Reporting and analytics
- Get detailed financial reports, including income statements and cash flow analyses.
- Create custom reports for specific needs.
- Mobile accessE-conomic is available on desktop, tablet, and mobile, giving you the flexibility to work from anywhere.
Comparison with other accounting software
| Feature | E-conomic | Billy | Dinero | Uniconta |
|---|---|---|---|---|
| Ease of use | Medium | High | High | Low |
| Pricing | High | Low | Free/Low-cost | High |
| Advanced features | Yes | No | Limited | Yes |
| Integrations | Extensive | Few | Limited | Extensive |
| Target audience | Mid-size & large | Micro & small | Small & mid-size | Mid-size & large |
Pros of E-conomic
- Scalability: Grows with your business and supports complex needs.
- Integrations: Supports many third-party apps and offers an API.
- Advanced features: Ideal for businesses needing AR/AP management and advanced reporting.
- Flexibility: Cloud-based solution usable on any device.
Cons of E-conomic
- Price: More expensive than alternatives like Billy and Dinero.
- Complexity: Not always intuitive for beginners or very small businesses.
- Learning curve: Takes time to set up and master.
One of the most comprehensive accounting solutions on the market
E-conomic is a comprehensive accounting platform that combines advanced features with great flexibility. It’s ideal for businesses dealing with complex accounting needs and looking for a system that can scale as they grow. With extensive integrations and tools such as automated VAT handling and detailed reporting, E-conomic is a powerful choice for professionals. Smaller businesses with simpler needs may find alternatives like Billy or Dinero more suitable, as they offer more user-friendly solutions at a lower price and with less complexity.
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