Netconomy

Kommunikationssystem til dig og dine kunder

Faster cashbook for you

We are proud to show you our new and improved cashbook.
We have spent many hours improving our cashbook. Now it is even easier for you and your clients to enter data, fast and effective.

Speed – now up to 86% faster
One of the things we have improved significantly is the speed of the cashbook. The calculation of balance for all entries are faster than ever. Live calculation for the balance is unique to your communication portal. It makes bank reconciliation entry by entry very easy.

Calculator
We have developed a smart calculator. No more need for a physical calculator or loose paper to add up and deduct amounts during entry. Calculations can now be made directly in the in / out fields of the cashbook. The calculator supports all the normal calculation functions.

calculator netconomy

 

 

 

 

 

Automatic annex numbers
The cashbook automatically suggests the next annex number, based on the previous numbers used. That means entering data can now be done faster with a lower risk of errors. If the function is not used it can easily be turned off in the settings menu.

Option to hide annex number and vat code
We constantly strive to make your system as simple to use as possible. Therefore we have launched a new function that allows you to hide annex number and vat code for clients that don’t need this. This can be set up for each client in the settings menu.

What else?
We have also developed other functions in the cashbook:

  • More intelligent description field when editing account. If the description is standard it changes according to the selected account. If it is the standard text for the account, it changes if the account is edited.
  • The month picker is improved so it’s faster to switch between the months.
  • The cashbook now supports fiscal year instead of just calendar year.
  • The field navigation with enter and tab has been optimized on the cashbook entries.

When?
This is already live and activated on your platform and we hope you enjoy the optimized experience.

Are you effective or are you falling behind?

Some of the most effective people I know, are accountants and bookkeepers. Why? I think it is because they often perform tasks that repeat themselves. The positive side of repetition is that you get better and faster over time. The negative side is that you can become blind to other possibilities and end up being the best and the fastest at doing something that is not necessary. Though you are very efficient you become ineffective.

That is one of the main reasons you should question everything once in a while. Sometimes you should re-invent your procedures and workflows. Technology can help in some cases and often it’s more simple than we think or fear. In fact technology can often get in the way of simple solutions, because a tool can seem smart but then be ineffective or faulty in the execution.

Netconomy - Er du effektiv eller falder du bagud?

We have one of those examples with scanning solutions for financial systems. They can be really great but they can also be a hassle and create more work instead of less. Imagine the carpenter who used to drop by the accountant with all the papers for the bookkeeping. With the “amazing new scanning solution” he can scan all his documents in “only” 3 hours, if everything goes well. That’s OK you might think because some of the scanning solutions then automatically registers the entries for the bookkeeping. You’re right but what if the carpenter scanned the same document twice and the accountant now spend 1 hour or more trying to find where the problem is with the bookkeeping?

Sometimes seemingly simple solutions, become very complicated in the execution. In Netconomy we spend a lot of time on these kinds of issues because we believe that people and communication is more important than papers and technology. I know that is a strange statement from an online company that makes technological solutions – but we work very hard every day to make sure the technology helps the people in businesses to communicate effectively. We value effectiveness in execution over “coolness” in status and appearance. That is the reason we made a solution, where the carpenter can enter his data without understanding any kind of financial principles. Then we deliver those data to a professional accountant or bookkeeper in a format that works with all the financial principles and systems in place.

Our team is made up by developers at heart and our natural inclination is towards new solutions as often as possible. That’s why we also understand the trap of spending too much time on new solutions and re-invention. I suggest you question everything at least a couple of times per year. See what’s available and try out a few new workflows or features you haven’t tested yet. Discover potential and then implement or let it go. When evaluating if something is worth using I find it very helpful and guiding to ask myself, “What problem am I trying to solve?”. The people who started PayPal began by creating a payment system for a device they thought everyone would have in the future – the PalmPilot. They ended up using a technology that was already old news instead – the Email.

What problems are you trying to solve and what are the most effective tools available to solve them?

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