Choosing accounting software for your SME: what to look for
Good accounting software for an SME processes your bank transactions and purchase invoices largely automatically, prepares the VAT return from the same data and shows your cash and open invoices live. Also look at what happens as you grow: staff, several companies and a bookkeeper who works alongside you. Nexora combines all of this in one package, from €159 per month for SMEs.
What must accounting software be able to do?
| Part | Why |
|---|---|
| Bank transactions coming in automatically | no retyping of statements, payments matched to the invoice straight away |
| Recognising purchase invoices | email or photograph the invoice, the software proposes the booking |
| Invoices and reminders | you see who pays late and follow up in time |
| VAT return | from the same bookings, without retyping |
| Audit file (XAF) | the Dutch Tax Administration can ask for it, and you need it when switching |
| Access for your bookkeeper | working alongside you without sending exports back and forth |
Where are the differences?
In how much happens automatically, and in what happens as you grow. When you hire staff, you want payroll and HR to use the same data. If you have a holding company with operating companies, you want them in one environment. Also look at the pricing model (per user, per administration or per module) and at how you take your data with you if you ever leave.
Doing your own books or with a bookkeeper?
Many business owners do the day-to-day work themselves and leave the checks, the closing and the tax return to a bookkeeper. Then choose software in which you work together in the same administration.
Switching
Switching at the start of a financial year is the simplest: the opening balance is then last year's closing balance. Bring your history with you using an audit file. The 7-year retention obligation still applies to your old records.
How it works in Nexora
Your bank is connected, you send purchase invoices to your administration's own address, and Nexora proposes a booking. The VAT return is included in every plan. You have a dedicated bookkeeper who knows your records, and you get a response to a ticket within one working day. We move your records over free of charge. Freelancer costs €65 and SME basic €159 per month, excluding VAT.
Read more: Accounting & Finance · Pricing
Frequently asked questions
Can I switch halfway through the year?
Yes. You then take the opening balance and the open invoices with you. The start of a financial year remains the simplest.
Must accounting software be able to create an audit file?
Yes. The Dutch Tax Administration can ask for an audit file during an audit, and when switching you use it to take your history with you.
What if I have several companies?
Choose software in which your administrations sit side by side. In Nexora, an extra holding company costs €69.50 and an operating company €115 per month.
Business operations that think along with you.
Let us show you in 30 minutes where Nexora can create calm, control and momentum straight away.