Accounting software in Luxembourg

Which accounting software is available in Luxembourg

Luxembourg is an economically developed country, with many local companies and representative offices of the world's largest corporations. Accounting in modern companies has long been automated, manual data entry is not only time-consuming and prone to errors but also unproductive, especially for large companies. 

Therefore, it is not surprising that developers offer a wide range of accounting software. Luxembourg has many companies, and for each kind of company, there is accounting software. The advantages of automation compared to manual accounting are obvious.

Key features of accounting software

In Luxembourg, specialized accounting companies are available that also use modern accounting software and can help you.

Top 5 accounting software solutions in Luxembourg

Even relatively small companies understand that manual account management is not enough to successfully grow. To keep up with the rapidly evolving business environment of the Grand Duchy, they need to use advanced accounting solutions. Fortunately, there are enough accounting software options in Luxembourg, so that every company will find a solution that suits its needs.

EasyBiz

Easybiz delivers accounting services so the management of your company can focus on doing business, growing the company, working more effectively, and keeping documents organized.

Reporting

All necessary reports are available, the standard included is 30 reports a month, it is possible to implement more reports for an extra cost.

Invoicing

Automatic invoicing is based on the transactions made in the system. Scanning and automatic processing of incoming invoices.

Expenses

To keep track and have an overview of expenses and reimbursements

VAT & Taxes

This module conveniently handles VAT & Taxes, so the company does not miss the deadline to file any mandatory report when it is due.

Budgets

Prepare budgets and follow costs if and when they comply with the predicted budgets

Payroll

Automate payroll and process the tasks on time effectively. Manage contracts, days off, and pay slips simple and easy.

Chat & Tasks

Сommunicate easily and flexibly with your colleagues and keep track of the tasks assigned.

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Easybiz is available for individual entrepreneurs, small companies and mid-sized businesses. Whether it is a new company or an established organisation, The Easybiz team will take care of the accounting.

As Easybiz is scalable for different-sized companies, prices are also flexible. Depending on the turnover of the company, a monthly fee will be charged. There are some extra fees for additional modules, services, or requests.

Gesall

Gesall is a complete accounting tool that allows you to set up all accounting activities needed for a company. The software developer is based in Luxembourg, so it has a local helpdesk in Bertrange.

As with all software packages, Gesall has some very interesting advantages. As the software's developers, Gesall can quickly and easily adapt to new legislation when required.

Available modules and options

Management

With Gesall it is possible to extract and import your data into common programs like Excel, PDF and Word. FAIA, eCDF and email are also options. On the other side, it is possible to scan and import incoming invoices.

Flexibility

As Gesall is fully customizable, it can be adapted to the processes used in any company.

Choice of how to connect

If a company chooses to work with the cloud version, it will be possible to work anywhere, anytime if you have an internet connection. It is also possible to install the software locally on your servers.

Integration

For the company's convenience it is possible to integrate the Apsal salary software module, making it a complete software package for all the company’s needs.

Multi-Lingual

The Gesall client can be installed in multiple languages (EN, FR, and DE)

Multi-currency

Gesall can handle transactions in multiple currencies

In any company, reports and documents have to be generated from the system. For Gesall this means that during the implementation of the software, the consultants will ask which reports and documents have to be implemented and it is possible to specify the necessary layout.

The price depends on the kind of installation and the number of users, so it is better to make an appointment with a consultant.

Business Central

The Fisqal modules are based on the Microsoft Business Central. The Microsoft software gives a stable and well-supported base to the specific modules developed by SK Consulting.

SK Consulting has designed several modules, which can be integrated or used independently. In a multilingual country, the software must be multilingual too, EN, DE and FR are available.

Fisqal for Luxembourg

This module focuses on the VAT and Taxes reporting to the Luxembourg government. It simplifies the compliance processes.

Fisqal Enhanced Accounting

This is the standard bookkeeping setup for Microsoft Business Central from SK consulting, it saves time and improves the efficiency of the standard out-of-the-box setup.

Fisqal Open banking

Implementing a smooth payment system by connecting your banking to your accounting software

Continia

Document capture takes care of all incoming documents and invoices, digitizes them and makes them available in the system

As the modules are built upon the Business Central application from Microsoft, many documents are already available, the localization module Fisqal for Luxembourg adds the specific files necessary to do business in Luxembourg.

Odoo

Odoo is accounting software that can be used in any country. For every country, a localized setup is prepared. This is interesting for international companies for easy transfer of data.

Mobile apps

To connect when you are not in the office it is possible to use the (Android or IOS) app.

Scanning and importing invoices

Using the newest AI software invoices are scanned and imported into the system.

Multicurrency support

The system can be configured to use multiple currencies.

Automated follow-up

Odoo can be configured to automatically send out reminders to your customers, either via email, letter, or SMS.

Customer portal

Give customers access to their information, they can view, download and pay their invoices via the portal.

Reporting

Reporting An easy way to generate your TAX, Audit, or other reports necessary to run the business. All reports are included. Custom reports can be prepared on request.

The first app is for free. If more apps will be used, the following prices are valid. Apps available: Sales, Marketing, Sign, Website, Accounting, CRM, Inventory, HR, Project, POS.

When looking for a new accounting program, it is best to set up a project for the implementation. The first part of this project should be focused on selecting the most interesting accounting programs based on a set of requirements the accounting department has confirmed. This way there will be a structured workflow and the results can be compared. Determining whether to do the accounting in-house or use a company like Easybiz to do the accounting for you is one of the milestones. All mentioned providers can help to set up a test environment so it will be possible to see how it all works.