Solwit

accounting software

Assistant in day-to-day finance: facilitates accounting and reporting, ensures compliance with Latvian legislation.

System options

Cover letter

Ensures centralized and accurate accounting of financial data. An account plan that can be adapted to any business needs – yes, including off-balance sheet accounts, document templates, accounting schemes, and automatic entries. The Solwit accounting system can analyze turnover by partner accounts and eight* analytical dimensions. And, of course, how could we do without comprehensive debt accounting and control!

 

* Dimensions can be expanded upon request.

Banking operations

Provides automatic bank statement import with the option to customize entries in detail and automatically link documents to payments. The module supports the creation of bulk payments in the accounting program and performs bank import compliance checks, ensuring accuracy and time savings in financial processes. We know what accountants need!

Analytics

Analytics allows you to view entries and account or account group turnover in various analytical sections, ensuring detailed financial data analysis and transparency.

Automatic entries

Automatic entries allow the system to generate entries from other Solwit modules (Payroll, Warehouse, Fixed Assets) and external systems. It automatically generates discount rebates for payments and performs systemic entries, such as account closing or currency conversion, saving time and reducing errors.

Expenses for future periods (NPI)

NPI automates the distribution of expenses over periods. The system alerts you when NPI information needs to be entered, automatically distributes amounts by month, proportionally by day, transfers analytical breakdowns, and performs accumulated expense entries for previous periods, ensuring accurate and simple accounting.

Advance payment processing

Advance payment processing allows you to track advance invoices with a complete overview of payment statuses. The system automatically records incoming advance payments and VAT, transfers information about paid advances to the Warehouse, and creates automatic entries, saving time and reducing errors.

Reports

Provides the ability to quickly create any report using system data. Pivot reports, detailed reports, plan-actual variance analysis, as well as KPI and coefficient visualization are available. The system supports data import and export from external systems, ensuring convenient information exchange and detailed analysis of the company’s operations.

Primary document journals

Journals allow you to manage all essential financial documents in one place – sales and purchase invoices, advance payment reports, payments, and cash orders. This ensures convenient access, order, and fast document processing in your daily work.

Salary calculation

Flexible calculation of salaries and bonuses based on both hourly rates and base salaries. The system can calculate overtime, bonuses for holidays and public holidays, bonuses, and various types of insurance premiums.

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Accounting for fixed assets and low-value inventory

The fixed assets and low-value inventory accounting module ensures comprehensive management and accounting of the company’s long-term assets in accordance with accounting and tax requirements.

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Other program options

The possibilities of accounting software are like stars in the sky – numerous and bright! For example, adding documents to various registers (attachments, e.g., images, PDFs, and others), ledger consolidation, allocation of general expenses, accounting for multiple companies in separate databases, and automatic import of exchange rates from the ECB.
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Want to get to know the system?

The easiest way to get to know the system is to book a demonstration for your company. Book an appointment and find the most effective one for your business together with the experts!

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Roberts
Roberts Customer Relations Manager