Your finances. Taken care of for you.

Sound familiar?

Financial administration is more than bookkeeping

The bookkeeping itself is often not the biggest job. The work sits in everything around it, and that usually stays with the owner or the board.

If you only want to outsource the bookkeeping and the tax returns, a traditional bookkeeper is an excellent choice. Managed Finance is meant for organizations that, depending on the package they choose, want more of the finance operation carried out for them.

Implementation

Set it up properly first. Then manage it structurally.

Predictable financial services start with a proper setup. That is why we first assess your existing administration and finance processes.

Depending on the situation we can:

If your environment is already set up well, not everything has to be redone. We work with our own software because it lets us set up and automate the administration efficiently, but the system is the means and not the goal.

Finance Implementation is quoted separately, after a short assessment.

Managed Finance can be worthwhile when

• the financial administration takes too much time;
• the administration is spread across several people or systems;
• you regularly have to chase financial matters yourself;
• you want more up-to-date financial insight;
• your organization is growing;
• projects, cost centers or grants demand more attention;
• you do not want to hire a finance employee of your own;
• you want to automate your finance processes better.

What is the difference between Managed Finance and a regular bookkeeper?

A bookkeeper processes your administration and often takes care of the tax returns and year-end work. With Managed Finance we also do the work around it, depending on the package: monitoring processes, checking outstanding items, making the numbers visible and reporting.

Is Managed Finance Essentials not just bookkeeping?

Largely yes, and that is intentional. The difference is in the setup: a well-built, automated workflow, a dedicated point of contact and basic financial insight. If you are purely after the lowest price for bookkeeping, a traditional bookkeeper often makes more sense.

Do I have to end my current bookkeeper's engagement?

Not necessarily. Some organizations keep the tax returns and year-end work with their accountant or tax adviser and place the administration and the insight with us. We agree on that split in advance.

What does the implementation cost?

That depends on the state of your administration, the data that has to come along and the integrations that are needed. Finance Implementation is quoted separately, after a short assessment. If your environment is already set up well, the implementation stays limited.

Why are the prices "from" prices?

Because size and complexity determine the work: transaction volume, the number of bank accounts, entities, sales channels, projects, grants and your VAT situation. The amounts shown apply to an organization within the normal complexity of that package. We name the final price after the assessment.

Does Digikwal also file VAT returns?

We keep the administration the VAT return follows from and we can prepare that return. Whether we also file it is agreed per organization. Where specialist tax knowledge is needed, we work together with a tax adviser.

Does Digikwal prepare my annual accounts?

We deliver an orderly administration and a year-end close file, so your accountant or tax adviser can take it from there. Drawing up the annual accounts, and anything that requires a formal authority or statement, we leave to the specialist who is equipped for it.

Who authorizes payments?

You do. We can prepare and check payment proposals, but you authorize the payment yourself.

Can my accountant or tax adviser stay on?

Yes. We work well alongside your existing accountant or tax adviser and deliver the information they need.

Can I switch to a different package later?

Yes. Many organizations start with Essentials and switch when they need more insight or reporting. We discuss that at the periodic review.

Which organizations is Managed Finance not suitable for?

If you are only looking for the cheapest bookkeeper, do not want to standardize processes, or if complex tax advice or an auditor's statement is your main question. In that case we would rather refer you to a party that fits better.