What are FINTECH solutions and providers

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The world of banking and financial services is undergoing significant changes. Various financial technology companies are increasingly competing with traditional banks, shaking up markets with their technological advancements, modernity, and lean business models. Solutions typically come in the form of mobile applications or online access, enabling a range of activities – from payment transactions, card operations, lending, to virtual currency payments and more.

Society6 and accounting and tax treatment

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Society6 is one of the newer and more dynamic platforms for online business. It is primarily focused on artistic products, even slightly more artistic than similar platforms (Etsy)… Well, we won't be discussing art in this article, but we will cover various accounting aspects.

3 tips for accountants at the time of annual reports

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During the submission of annual reports, the intensity in accounting services is practically boiling. Regular work must continue uninterrupted, and a whole range of tasks related to year-end closing adds to the workload. However, there are ways to relieve the pressure and optimize our work.
 

VAT identification for Paypal, Revolut, Stripe (and others)

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When using payment services or intermediaries for payments (e.g., payment cards, online payments, etc.), there's often a dilemma about how to handle taxes correctly. The VAT treatment also affects the obligation to identify for VAT.
 
 

Digitalisation in the accounting service

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The fact is that digitization is among us and is like a Pandora's box that we will close again - there's no going back. Now, of course, all the data is in computer programs and systems. However, digitization is not just data storage, but data entry is also an important aspect.

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The development of DigiAce is co-financed by the Republic of Slovenia and the European Union from the European Regional Development Fund.

The development of DigiAce is co-financed by the Republic of Slovenia and the European Union from the European Regional Development Fund, with a financial support of EUR 54,000 under the P2 2022 call.
The aim of DigiAce is to automate the import of statements and transactions when dealing with FinTech providers. This promotes the transition to digital and more efficient business operations and encourages the recruitment of high value-added staff.
Short description of the results of the operation:
The operation has developed, refined and commercialised a web application for the conversion of business data through FinTech providers and its direct import into accounting and ERP software. In addition, we have developed and integrated the Bankconnect module, which allows a significantly simplified direct retrieval of bank statements also from traditional banks. Within the project, we have prepared the basics for building an API interface for more modern integration with other applications. In addition, the project implemented a number of other solutions, such as integration with the CRM system, integration with the payment and subscription system (Stripe) and a multilingual website - including a back-end multilingual interface (application).