Why e-conomic?
e-conomic has established itself as the standard for Danish business accounting - and with good reason. The system is cloud-based, updated continuously and has a broad ecosystem of integrations for everything from bank connections to expense management and payroll processing.
For growing companies, e-conomic is the natural choice because it scales with you. You can start simple and gradually add integrations, automations and more advanced reporting as your needs grow.
This is how we use e-conomic for you
At Ekstern CFO, e-conomic underpins the services we provide. This means that we:
- Set up a chart of accounts tailored to your company and industry
- Handle ongoing bookkeeping – general ledger, accounts receivable, accounts payable and payroll
- Reconcile bank accounts, VAT and tax at regular intervals
- Use e-conomic API integrations to automate as much as possible
- Extract data for reporting and management control
We always adapt the setup to your specific needs – regardless of whether you are a SaaS company with complex revenue recognition or a consulting company with project-based invoicing.
Chart of accounts and structure that makes sense
A good chart of accounts is the foundation for useful accounting. We often see companies that use e-conomic’s standard chart of accounts without customization - and this rarely provides the overview that management needs.
We help you build a chart of accounts that:
- Provides a meaningful breakdown of revenue and costs
- Supports departmental reporting if you need it
- Makes it easy to calculate the metrics you use to manage the business and make decisions
- Meets the requirements of the auditor and any investors or board of directors
Automation and integrations
One of e-conomic’s great strengths is the broad ecosystem of integrations. We work daily with:
- Pleo – automatic bookkeeping of employee expenses with company cards
- Corpay One – automation of supplier invoices and payments
- Stripe – automatic bookkeeping of payment transactions
- Shopify – integration of web sales via Storebuddy
- Danløn and Zenegy – payroll processing with automatic bookkeeping
The result is fewer manual entries, fewer errors and more time for what creates value in your company.
Reporting and controlling
Data in e-conomic is only valuable if it is used. We help you convert financial data into useful insight:
- Monthly profit and loss statement with comparison to budget and previous periods
- Liquidity reporting and cash flow overview
- KPI reporting adapted to your industry (MRR, churn, burn rate for SaaS)
- Board reporting in the format your investors expect
If you need even more advanced reporting and a visual overview, we can connect e-conomic with Light – an AI-based finance platform that provides real-time insights across the entire company.
Who is this page relevant to?
This page is relevant if you:
- Already use e-conomic and want a bookkeeper who knows the system thoroughly
- Are considering switching to e-conomic from a simpler system like Dinero or Billy
- Want to get more out of e-conomic through automation and better setup
- Lack an in-house finance function that can provide reporting and controlling
Get started
We are happy to have a no-obligation conversation about how we can help you get the most out of e-conomic - regardless of whether you already use it or are considering getting started.
Contact us today and let's see if we are the right match.
Read more about our services: Bookkeeping and payroll · Automation and integration · Controlling and reporting · Accounting with Light
Read more from e-conomic
These links take you to the providers’ own guides. Check their current instructions, features and subscription terms for your setup.