Although Procountor Solo has been designed to be easy to use for entrepreneurs and almost all customers praise its usability, the fact is that it is not suitable for all entrepreneurs. After reading this article, you will learn to assess which of your customers might be suitable as Procountor Solo users.
WHO IS PROCOUNTOR SUITABLE FOR?
As an accountant, are you wondering what kinds of entrepreneurs you can recommend Procountor Solo to? There are a few things you should take into account.
Procountor Solo is suitable for the following companies:
- Companies with cash-based accounting. Solo is suitable for companies with a revenue not exceeding EUR 500,000, i.e. companies that can have cash-based accounting.
- Limited liability companies and sole traders. Procountor Solo is not recommended, for example, for associations, partnerships or limited partnerships. Using Solo is possible for these kinds of companies, but the default settings of Solo, such as the chart of accounts, have been optimized for sole traders and small limited liability companies.
- Solo entrepreneurs. As its name suggests, Procountor Solo has been designed for solo entrepreneurs, and only one username can be connected to it. If the entrepreneur has, for example, a partner and they need to manage their finances with two separate usernames, this is not possible in Solo. You should also note that only one bank account for payments can be linked to Solo, and this account must be a company account. S-Bank does not provide bank connections to Solo.
- No need for several cost centres. Solo only has one dimension available, so if the customer needs several cost centres, Solo might not be the best solution for them.
- No need for integrations. No external software interfaces area available for Solo, which means integrating other systems to the software is not possible.
If you are offering your accounting service to a Solo entrepreneur at a fixed price, there are certain user-related aspects that you should be aware of that affect your working time.
NOTES ON USERS AND PRICING
- Share trading. If a company trades actively in shares, this will mean more work in accounting. The accountant must monitor the share transaction prices and calculate the profit or loss based on the difference. Possible dividends also mean more work for the accountant.
- Foreign sales and purchases. Because accounting is cash-based in Procountor Solo and the community sales notifications must be made on the basis of completed sales (accrual-based), foreign sales and purchases must be handled separately from the normal cash-based accounting material process. This article describes the handling and reporting of sales, purchases and notifications within the EU.
- Digital skills. Today's world is full of digital possibilities that facilitate the daily work of solo entrepreneurs and their accountants. However, digital skills are not self-evident, so users might need help with the implementation of their new digital tool at first.
- Motivation. The program has been designed so that the entrepreneur uses it smoothly as part of their daily work and wants to complete small financial management tasks, such as scan receipts and attach them to account transactions. If the entrepreneur still wants their accountant to handle all purchase receipts, purchase invoices and other receipts, Procountor Solo might not be the best option.
However, each entrepreneur is different, so before setting up a Solo environment for the entrepreneur, you should analyze their unique needs regarding financial management and accounting.