Accounting That Connects to Your Business
Sales and purchases flow into your books automatically. Track receivables and payables. Close the month faster.
How integrated accounting helps
80%
Less Manual Entry
Transactions flow in automatically
3 days
Faster Month-End
No more data reconciliation
99%
Data Accuracy
Single source of truth
24/7
Real-Time Financials
Not just month-end reports
NO DOUBLE ENTRY
Connected Accounting
When you make a sale, record a payment, or receive goods - accounting entries happen automatically. Your books are always up to date without extra work.
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Sales invoices
Automatically post to accounts receivable and revenue
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Purchases
Supplier invoices flow to accounts payable
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Inventory changes
Stock movements update inventory value accounts
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Payments
Customer and supplier payments update balances
Ready for accounting that works?
See how integrated financials save time.
GET PAID FASTER
Accounts Receivable
See who owes you money and for how long. Track payments. Send statements. Manage collections effectively.
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Aging reports
30/60/90/120+ day breakdowns per customer
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Customer statements
Generate and send account summaries
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Payment matching
Apply payments to specific invoices
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Collection tracking
Log follow-up calls and promises
MANAGE WHAT YOU OWE
Accounts Payable
Track supplier invoices, match to POs, schedule payments. Know what's due and when. Never miss an early payment discount.
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Three-way matching
Match PO, receipt, and invoice automatically
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Payment scheduling
Plan cash outflows and optimize timing
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Supplier aging
See what's due and what's overdue
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Early payment discounts
Capture savings when available
GLOBAL READY
Multi-Currency Support
Buy and sell in any currency. Track exchange rates. Calculate gains and losses. Revalue foreign balances at period-end.
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Foreign transactions
Invoices and payments in any currency
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Exchange rates
Manual or automatic rate updates
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Realized gains/losses
Calculated automatically on payment
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Revaluation
Period-end unrealized gain/loss calculation
CORE FEATURES
Complete Financial Management
Everything you need for professional accounting
Chart of Accounts
Flexible account structure with cost centers
General Ledger
Full double-entry with audit trails
Bank Reconciliation
Import statements and match transactions
VAT/GST Handling
Automatic tax calculation and returns
Recurring Journals
Set up monthly entries once
Period Control
Lock closed periods to prevent changes
Ready for accounting that works?
See how integrated financials save time.
Accounting Connected to Your Business
Most accounting software sits alone. Disconnected from what actually happens. Data gets typed twice. Numbers don’t match. Month-end becomes a nightmare.
The problem with separate systems:
- Data entry happens twice (or more)
- Reconciliation takes days
- Financial statements are always out of date
- Errors compound without visibility
Magnofy is different. Accounting is connected to sales, inventory, and purchasing. Transactions create the right entries automatically. Your financials are accurate and up to date.
Financial Reporting That’s Always Current
Standard Reports Available Anytime
- Profit and Loss - Revenue, costs, net income
- Balance Sheet - Assets, liabilities, equity
- Cash Flow Statement - Sources and uses of cash
- Trial Balance - Account balances for checking
Management Analysis
- Period comparison - This month vs last month or budget
- Profitability analysis - By product, customer, or department
- Trend reports - Performance over multiple periods
- Exception reports - Unusual transactions flagged
Every total links to detail. Click on any balance to see individual entries.
Built for Distribution Finance
Unlike generic accounting software, Magnofy understands distribution:
- Landed costs flow through - True inventory costs in your books
- Multi-currency built in - Not an expensive add-on
- Credit control connected - AR and credit limits work together
- Inventory valuation automatic - FIFO, LIFO, or average cost
Whether you have one entity or several, Magnofy gives you the financial visibility you need.
Ready for accounting that works with your business? Get a demo and see how Magnofy transforms financial management.
Why Integrated Accounting Works Better
Real benefits for your finance team
No Double Entry
Sales, purchases, inventory, and payments all create accounting entries. Your team enters data once.
Always Current
Financial statements are live. No waiting for data from other departments.
Faster Month-End
Everything is already in the system. Month-end is review, not data entry.
Better Decisions
Real-time P&L by product, customer, or department. See issues and opportunities now.
Audit Ready
Complete trails for every transaction. Who did what and when.
Tax Compliant
VAT/GST calculation and reporting built in. Ready for filing.
Connected to Operations
Accounting data flows from all business areas
Sales
Invoices and payments post automatically
Purchasing
AP entries from supplier invoices
Inventory
Stock value changes update GL
Banking
Reconciliation with bank feeds
Ready to connect everything?
See how Magnofy integrates with your existing tools.
Common questions
What is integrated accounting?
Integrated accounting connects your financial records to business operations. When you make a sale or pay a supplier, accounting entries happen automatically. No duplicate data entry. Fewer errors. Real-time financial visibility.
How does accounts receivable work in Magnofy?
Create a sales invoice and it posts to accounts receivable automatically. Record customer payments against specific invoices. Balances update right away. Get aging reports and customer statements without manual journal entries.
Can I handle multiple currencies?
Yes. Sell and buy in any currency. Track exchange rates automatically or manually. Calculate gains and losses on payment. Revalue foreign balances at period-end. See reports in local or foreign currency.
How does bank reconciliation work?
Import bank statements in CSV or OFX format, or enter manually. Match transactions to recorded payments and receipts. The system suggests matches. Flagged items need review. Once reconciled, transactions are locked.
What financial reports are available?
All the standard ones: Profit and Loss, Balance Sheet, Cash Flow Statement, Trial Balance, General Ledger. Create custom reports too. Compare periods. Drill from summary to detail.
How do you handle VAT/GST?
Assign tax codes to products. The system calculates VAT/GST on invoices and purchases automatically. Track input and output tax. Generate VAT returns. Handle standard, zero-rated, and exempt items.
Ready to take control?
See how Magnofy's accounting & finance software can work for your business.