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ㅤFinmap
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ㅤ❓ Why do we recommend using the Finmap management accounting tool not only for financial specialists and business owners but also for accountants?
ㅤIn modern enterprises, the role of an accountant is constantly evolving, with new responsibilities being added. Today, accountants are not only responsible for tax reports and payroll but are also becoming versatile professionals handling management accounting, financial planning, cost control, and more.
ㅤTo reduce routine tasks and free up more time for core accounting responsibilities, we recommend implementing Finmap.
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Finmap for Accountants: Flexible Access for Managers, Full Control for You
ㅤTypically, accountants manage reports in spreadsheets independently, ensuring that no one accidentally alters formulas or makes errors. Meanwhile, business owners and investors receive reports only upon request or once a month.
ㅤWith Finmap, accountants can maintain full control over financial data without external interference. The flexible access level system (Users section) allows you to grant colleagues access to view data or work only with specific transactions.
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ㅤBy agreement, managers can be given view-only access. This way, they can check reports whenever needed without interrupting the accountant or contacting them outside of working hours. The accountant remains confident that no changes have been made to affect reports, while the owner has 24/7 access to Finmap from anywhere in the world.
ㅤIf there are multiple employees in the accounting department, access can be customized for each, ensuring they only see the data relevant to their responsibilities. The “Action History” report allows you to track who made changes, when, and to which transactions.
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Finmap for Accountants: Maximum Efficiency with Minimal Effort
ㅤTo simplify and speed up the processing of large data volumes, Finmap offers specialized tools:
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ㅤ✅ Bank Integrations
By connecting to major Ukrainian and international banks, accountants can automatically receive new payments and check account balances without logging into multiple online banking systems daily. A single monthly reconciliation is enough.
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ㅤ✅ Statement Import
For banks without direct integration, Finmap allows importing bank statements in just a few clicks, saving time on manual data entry. The list of supported banks is constantly expanding.
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ㅤㅤ✅ Excel Template
Some data still requires manual entry, but Finmap streamlines this too. Using an import template, accountants can efficiently detail transactions related to cash, POS payments, or e-commerce sales. For instance, total revenue from Amazon or Etsy can be broken down into sales income, shipping costs, commission fees, etc. Once the template is set up, updating transactions becomes effortless.
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ㅤㅤ✅ Auto-Rules
Accountants can set up rules that automatically assign categories, counterparties, projects, and tags based on typical transaction descriptions.
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📍 Automating transaction categorization by 60-85% frees up time for more critical tasks.
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ㅤㅤ✅ Filters & Bulk Editing
Transactions not covered by auto-rules can be quickly found using filters in the Journal or Reports. The ability to select multiple transactions and modify their category, counterparty, tag, or project in one go significantly speeds up data processing.
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ㅤㅤ✅ Custom Filters for Reports
Filters can also be used to generate customized reports. Saving a filter helps accountants avoid searching through categories, counterparties, tags, or projects each time they need specific data.
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📍 Saved filters enable reports on cost price, gross profit, payroll, financial results per business unit, and more.
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ㅤㅤ✅ Smart Hints
To quickly identify transactions that might be internal transfers between accounts, Finmap provides hints next to relevant income and expenses. Hints also help link planned transactions with actual ones.
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📍 Additional hints, such as short descriptions or video tutorials, accelerate onboarding for new features.
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Finmap for Accountants: Currencies, Balances, and Invoices—All Under Control
ㅤFinmap provides real-time balance tracking for integrated accounts, eliminating the need for repeated logins to banking platforms.
ㅤThe service also automates currency exchange rate updates, applying the latest National Bank rates by default. If needed, accountants can set a custom corporate exchange rate and view financial data in multiple currencies.
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ㅤFor accountants handling invoices, Finmap offers an integrated invoicing tool, eliminating the need for third-party services. Simply enter company and counterparty details once, and they can be reused in future invoices. The system automatically calculates VAT, discounts, and delivery costs, providing a comprehensive breakdown.
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ㅤWe could go on listing useful features that optimize accounting tasks, but to save your time, we encourage you to contact our support team with any specific questions.
ㅤㅤ📍 Support specialists can also provide a working balance report template and completed work act templates 👉 Link
ㅤIf you have additional questions about management accounting, our financial experts are ready to help! Get a professional consultation from the Finmap team and enhance your financial workflow 💰
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