A new improvement to the E-conomic system, which will be released and delivered every day from December 1 to December 25!

At our login page you will find something really special to wake up to every day in December – ready for you to use, when you have logged into E-conomic.

Daily releases

When you go to the E-conomic login page, you will see an explanation of today’s new feature, with links to further information in our E-copedia.

Updates automatically available every day
As with all our system updates, you will find that the new functions and facilities are automatically available in your browser and you don’t need to install new software or pay for the updates.

On our website, you can see the full list of new features delivered in December, updated every day with the latest improvements.

This month we’ve added some new definitions to the E-conomic online accounting glossary that we hope will demystify two different acronyms for you!

Take a look at the newest additions to E-conomic’s Accounting Glossary

UK GAAP

Otherwise known as Generally Accepted Accounting Practice in the UK!

Pronounced gap, this set of guidelines provides a framework for every company’s financial reporting in the UK.  Find out more about UK GAAP in our glossary.

IFRS

Otherwise known as International Financial Reporting Standards.  The IFRS is another set of financial reporting guidelines that has been widely adopted around the world.

The IFRS is not fully adopted in the UK or the US yet, but there has long been discussion of adopting a singular worldwide accounting standards framework.  Find out more about the IFRS in our glossary.

Look no further for accounting definitions

We’ve also recently added definitions for accounting terms such as the Statement of Cash flows and Cash discounts.  But that’s not all!

We now have more than 75 accounting definitions in the E-conomic Online Accounting Glossary, and it grows larger every month!  Take a look at the glossary today, and learn something new.

PS – already know all the definitions in our Glossary? Suggest terms that you’d like us to define by sending us an email!

When you can’t delay it any longer and you have to book your various invoices from your suppliers, that have “neatly” piled up on your desk, because you just find this very tedious work, and think that your time could be spend in a better way.

Why not do yourself a favour and at the same time enhance your bookkeeping, by using the add-on module “Scannning” ?

By using the add-on module “Scanning”  you can scan your documents and send them to your agreement. When you log on to your agreement, all you have to do is find your scanned documents and continue to work with them in your agreement.

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Sure, we may have told you before, but at E-conomic we like to look for that competitive edge which makes all the difference. Our software is state of the art, the technical setup rock solid and sales are phenomenal.  E-conomic is, quite simply a product which is very recommendable.

Become a partner and earn £65 per customer.

Recommendations are  the basis for our  Referral Partner scheme – our affiliate programme. The referral partner programme helps us to market E-conomic and gives webmasters the possibility of writing about and referring people to our software. Pay-out is £65 per referred customer.

A niche with little competition
For those familiar with affiliate marketing it will come as no surprise that most online  product categories are heavily advertised through affiliate programmes which makes it hard for affiliates to monetise the individual advertisement.

It appears however, that the subject of accounting for SMEs and online accounting software has received very little attention by affiliate marketers so far. Especially in the UK it is baffling that relevant domain names are still available even though keywords are heavily searched for.

Earn money with the niche
Even though the number of referral partners has surpassed 1000 s, we offer personal support for anyone who wants to make a special effort setting up a good affiliate site. We assist referral partners by providing content, discuss different strategies and make affiliate sites as relevant as possible.

We have many good referral partners earning several commissions a month. In the UK we would like to see more partners like this and invite webmasters to sign up.

We pay £65 per customer. Are you ready to make us regret that?

When you take out an agreement there’s a few important things you have to set up, before you are ready to get up and running. You have to create your accounting year, and you have to have a chart of accounts just to mention some of them.

Your chart of accounts can be created from scratch, or you can import the one you have previously used, perhaps in another accounting system?

You also have the option to use a default setup and here choose a chart of accounts, that has already been created with a variaty of accounts for your type of business.

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Apps are more than exchanging information between webshops and E-conomic accounts. As a health professional you will be very pleased to know that E-conomic is integrated with UK’s leading online medical practice management system Med+Dbase.

The app allows healthcare professionals to easily manage all aspects of their business

With Med⁺DBase you can manage all aspects of  your practice, from electronic medical records and diaries to SMS reminders and integrated online pathology.  For improved efficiency and reliability real-time financial information is send via the App direct to your E-conomic accounting system.

Size is not a problem.
The Med+Dbase/ E-conomic App is ideal for any medical organisation from single/sole practitioners to large hospitals, dental, cosmetic, surgery clinics, shared consulting rooms or occupational health groups.

To get started simply subscribe to both Med+DBase and E-conomic and the integration can then be activated.  Learn more about the Med-DBase E-conomic app or visit Med-DBase’s website here.

Would you like to develop an app for your trade?
Jes and Tanja are ready to help you getting started creating your own app – simply have a look at our section for app developers or send your question to  apps@e-conomic.com.

Apps-team - Tanja & Jes

On the 24th of November 2011 at 4pm you are invited to join our “Getting Started with Apps Webinar”.

We look forward to hearing from you!

As with the previous batch of system improvements, work on the latest round of system improvements – called Market Package 48 – has primarily revolved around enehancements to the Project Accounting add-on module.

Below you can learn more about the most significant updates.

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Having created your customers or suppliers in your agreement, perhaps the final thing you need to do, is to register the relevant contact details for the various customers or suppliers.

You can of course create these manually, perhaps you only have a few, but if you have a big contact file, the easiest way of creating these, would be to import the information into the agreement.

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We at E-conomic are proud of our large range of accounting apps.  Instead of entering your data manually in both your accounts and other online systems you can make use of Apps and save time by automating the exchange of data between systems.

Lech Madrzyk, Co-Founder of Carry The One made use of E-conomic’s open application programming interface (API) and integrated five different webshops with E-conomic.

Lech Madrzyk, Co-founder of Carry the One, which automates accounting for online retailers

CarryTheOne’s users report to save up to 20 hours a month as they only have to enter data once: The app automatically import sales, customer records and allocate payments into their accounting software.

Lech Madrzyk says: “We saw integration with E-conomic as a fabulous opportunity as they are one of the very few SaaS accounting applications that have the functionality of full inventory and stock control options as part of their system “. You can read the full testimonial from CarryTheOne here.

Would you also like to develop an app?
We at E-conomic see it as our role to facilitate the interaction between different IT systems and your accounts. If you are a developer and want to get started with creating your own app, then Jes and Tanja from our Apps-team are ready to help you getting started.

On the 24th of November 2011 at 5pm you are invited to join our “Getting Started with Apps Webinar”.

Until then feel free to look at our section for app developers or write to us at apps@e-conomic.com.

We look forward to hearing from you!

When working with your customers or suppliers, at some point you might need to see some statistics, allowing you to crunch your numbers and get the full picture, when deciding whether your business is making decent money or not!

Perhaps you need to add a little to your sales price, or perhaps you need to negotiate a discount from your supplier in order to make the numbers add up.

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