SMECounting - Free Accounting Software

  • Accountants
  • Small and Medium sized owner managed businesses
  • SMECounting Online is in Beta Testing and the Beta Testing version can be accessed here

    The package is a fully integrated accounting suite and include the following base modules and some distinctive features:
    • Customers and Invoicing
      • Drop Shipping
      • Special Pricing & Price Override by:
        • Individual Customer
        • Customer Class
        • All Customers
      • Special Pricing & Price Override can be setup for
        • A Specific time period or to be Permanent
        • Override up or down with an amount or a Percentage
      • Multiple Delivery Addresses
      • Calculation of Interest on Overdue Accounts
      • Email of customer invoices and statements
      • History Customer Statements are kept
      • Automated Customer Billing with definable intervals (Ideal for subscription type billing)
      • Definable Shipping Rates
      • Sales Representative Performance Reports and calculation of Commission
    • Inventory
      • Predefined Valuation Methods: Average Cost, FIFO & Weighted Average Cost
      • Definable Price Categories
      • Drop Shipping
      • Alternative Inventory Codes
      • Inventory Journals
      • Stock Take by Inventory Category
      • Special Pricing & Price Override by:
        • Individual Inventory Item
        • Inventory Class
        • All Inventory Items
      • Special Pricing & Price Override can be setup for
        • A Specific time period or to be Permanent
        • Override up or down with an amount or a Percentage
    • Suppliers and Purchasing
      • Drop Shipping
      • Option to Allow Duplicate Reference numbers by Supplier
      • Warning option on Duplicate Reference Numbers
      • Email of supplier purchase orders
    • General Ledger and multiple Cashbooks
      • Interest Calculation on GL Accounts like Loan Accounts
    • Standard Accounting Reports
    • VAT
      • Standard VAT Report by VAT Cycle
      • Summary of History VAT Returns with Optional Linking of VAT Payments / Refunds
      • Reconciliation between VAT and the General Ledger by VAT Cycle
      • Reconciliation between VAT Reports and VAT201
    • Selected reports can be exported to a spreadsheet
    • Import Bank Statements from PDF formatted files
      • Allocation of Imported Transactions
      • Definable Allocation Rules
    The following add-on modules are available:
    • Multi Currency
      • The Cashbook Currency can be selected when a Cashbook is created
      • Suppliers
        • Supplier transactions and reports are reported in both the base and foreign currency
        • The user can choose between base currency or foreign currency when creating a Purchase Order
        • Purchase orders and Purchase invoices use the foreign currency of the Supplier
    • Fixed Assets
    • Kits
    • Manufacturing
    • Project Costing, integrated with Invoicing and Purchasing
    • Payroll
    • More Modules are coming soon:
      • Jobcards, integrated with Invoicing and Inventory
      • Batch Number & Serial Number Manufacturing
      • Batch Number & Serial Number Invoicing
      • Optional Project Progress Billing
      • ABC Analyses for Customers and Inventory
    The Accountant module include the following functions:
    • GAAP Reporting with definable
      • GAAP Groups
      • GAAP Codes
      • Sub Group Income Statements
    • Management Financial Statements
    • Notes to the Financial Statements
    • Verification schedules and review of General Ledger Accounts, Fixed Assets, Customers, Inventory and Suppliers
    • Journals to reallocate any transaction
    • Adjusting Journals
    • Review notes
    • Upload, Storing and Review of documents
    • Calculation of Provisional Tax
    • BEE Certificates
    • Practice Setup with
      • Definable Accountant Reports
      • Definable Directors / Members / Trustees / Owner Reports
      • Definable Accounting Policies
    • Trade Groups and Trade Codes
    • SIC Groups and SIC Codes
    • More Functions are coming soon:
      • RSA Tax Schedules
      • RSA Farming Schedules
      • Diesel Rebate calculation
    During the Beta Testing Phase, no fees will be levied
    Once the Beta Testing Phase is concluded successful, all registered users will be notified accordingly.
    Thereafter the following subscription fees will be applicable:
    (Annual subscribers get 2 months free and only pay for 10 months)
    • Base Modules - R75.00 per company per month or R750 per company per year
    • Add-on modules:
      • Multi Currency - R100 per month or R1000 per year
      • Kits - R50 per month or R500 per year
      • Manufacturing - R100 per month or R1000 per year
      • Project Costing - R100 per month or R1000 per year
      • Fixed Assets - R100 per month or R1000 per year
    Pricing / Subscription Fees are subject to an annual review. Reviewed Pricing / Subscription Fees will be implemented annually on the 1st of March of each year