How our digital accounting works
Your suppliers send invoices to one central email address, and an automated retrieval service (e.g. GetMyInvoices) collects documents from online portals by itself. From there, they reach our accounting software without any effort on your part, and your bank accounts are connected directly. AI reads the documents and creates booking proposals, and we import data from your upstream systems – such as ERP, online shop or payment providers – directly. When all data can be imported automatically, recurring bookings and account assignments are largely automated. Reconciliation is ultimately done by our staff, supported by AI: they monitor and review the imported data and focus on closing work and your questions. For you, this means no collecting, scanning or uploading of documents, fewer queries and faster figures.
Our services
- Ongoing bookkeeping, monthly or weekly on request
- Monthly closings with management reports on agreed dates
- Annual financial statements under German GAAP (HGB), including tax balance sheet and publication
- Group reporting packages for foreign parent companies (e.g. reconciliation to IFRS or US GAAP), in English
- Additional services as needed: cost accounting, payments, receivables management and dunning – up to legal enforcement of outstanding claims by the lawyers of Vectocon Legal