New Bookkeeping Act: Discover the Benefits of an Approved Digital Accounting Program

Expense Management

June 25, 2024
2 min read
By Michelle Bendix Lauritzen

The new bookkeeping act requires digital accounting, placing specific demands on the software you use. Choosing an approved digital accounting program ensures compliance, saves time and money, guarantees a backup of your records, and enhances the security of your financial data.

Advantages of Using an Approved Digital Accounting Program

There are several obvious advantages to choosing a digital accounting program that is approved and registered by the Danish Business Authority:

Compliance Assurance: You can be confident that the system meets the current requirements, relieving you of a significant burden. However, it is still your responsibility to ensure that all documents and entries are recorded in the system.
Time Savings: You save countless hours on the administrative tasks of recording documents, invoices, receipts, and other accounting materials. This not only saves time but also translates into substantial financial savings.
Data Backup: You are assured of having a copy of your accounts. Providers of digital bookkeeping systems must be able to provide a secure backup to relevant authorities.
Enhanced Security: You don’t need to worry about IT crime. The security around the storage of your accounting materials is much better and more stable.

Adapting Your Business to Digital Bookkeeping

When your business needs to meet the new digital bookkeeping requirements, it’s essential to have a clear plan for implementing a digital bookkeeping system.
Here are some concrete tips on how to make the transition to digital bookkeeping as smooth and seamless as possible.

1. Choose the Right Accounting Program

Start by selecting an accounting program that you are confident meets the bookkeeping requirements. If the system is listed on the Danish Business Authority’s public register, it guarantees that the system has been vetted by the authority.
Ensure that the accounting program fits the size and specific needs of your business.

2. Plan the Implementation

Create a detailed plan for how the accounting program will be implemented. Select responsible individuals to oversee the transition to the new system.

3. Train Your Employees in the New Bookkeeping System

Make sure that all employees involved with the new bookkeeping system receive proper training on the new program.
Many accounting programs offer courses and workshops to ensure that users understand how to use the system correctly.
Acubiz digital expense management can easily integrate with approved and registered bookkeeping systems.

Michelle Bendix Lauritzen

Michelle is our Creative & Growth Marketing Lead. While juggling the pen herself, she primarily handles the strategic planning of relevant content about our product and Expense Management in general.