Financials Accounting

Explore features like billing, payments, reporting, and more. The administrative management applications of MagoCloud have everything you need to manage your numbers effortlessly.

Total control. Flexible and transparent business accounting.

MagoCloud’s features for the Financials area allow you to work from anywhere, share with your employees, and collaborate with consultants. Just add features to create a complete solution for your business.

The benefits of Financial Accounting
for your Company

EARNING RISE with greater cost visibility

TIME-SAVING
with accounting models

FASTER DECISIONS
thanks to data transparency

BETTER LIQUIDITY with optimal management

Features for every aspect of your business

Financial Accounting

Simply and accurately fulfill all the tax obligations of ordinary accounting.

Forecast accounting

Accurate and reliable period accounting control to obtain a simulated period-related financial statements that are really close to the company’s reality.

XBRL Balance

Turn your balance sheet into the standard XBRL format, taking advantage of the EU reclassification already in the general accounting module.

Basel 2 Balance Analysis

Monitor your company’s performance; have a financial, capital and economic evaluation according to Basel 2.

Multicompany Balance

Manage one or more companies: collect the financial statements of the individual companies to obtain the consolidated financial statements, you can also convert the balances into foreign currency.

Analysis & Controlling

Monitoring of business events with economic significance. Definition of cost centers, multi-year job orders, surveys, analytical accounts for non-accounting events.

Fixed Assets

Manage the complex matter of depreciable assets from the moment of acquisition until disposal, in compliance with regulations.

Cash Management

Record inputs and outputs on a session that periodically consolidates and generates first note recordings. Each operation is associated with a button.

Intrastat

Produce and send to Customs the Intrastat Lists required by EU regulations; you can manage operations for tax and/or statistical purposes.

Advanced Bank Management

Create files for SEPA Credit Transfer and SEPA Direct Debit in SEPA XML format. Send via email the SDD Mandates and align the banks master via web service.

Accounting Inventory Book

Print all the reports that make up the Inventory Book, including attachments, or specific reports in Mago or freely compiled reports.

Treasury

Two-way integration with Sedoc’s DocFinance for advance management of the company’s treasury, which also includes Telemaco’s Remote Banking services.

Accounting Data Exchange with Omnia

Connect with the accountant who uses Omnia. You can also maintain its supervision by adopting the relevant chart of accounts without linking to Omnia sub-accounts.

Importing Payroll

Recognition of accounting entries for staff management: import a file from Omnia Paghe and get the first note in ordinary accounting, with the related analytical movement.

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