How does Billy work in practice?

Setup and integrations

Once you create an account with Billy, you can quickly start creating invoices, sending them to customers, and tracking payments. The software integrates with several popular payment solutions like Stripe and PayPal, making it easy to receive payments directly through the system.

Another useful feature is the integration with banks. Users can sync their bank account with Billy, allowing them to automatically import and match transactions. This minimizes the need for manual data entry, saving time and reducing the risk of errors.

Additionally, you have the option to integrate with Storebuddy. 

Invoicing

Invoicing in Billy is simple. Users can choose from several templates, customize them with their company’s logo, and send them to customers directly via email. The program automatically tracks when an invoice is sent and if it has been paid. If an invoice is overdue, a reminder can be sent with a single click.

VAT and taxes

One of the biggest challenges for small businesses is managing VAT and taxes. Billy makes it easy to calculate and file VAT. The software automatically tracks all VAT-eligible transactions and generates a VAT report that can be sent directly to the tax authorities.

Automated bookkeeping

Billy automates many of the most time-consuming tasks in bookkeeping. For example, the system can automatically categorize income and expenses based on previous transactions, meaning users don’t have to do it manually. This makes the accounting process faster and more accurate.

Collaboration with accountants

Although Billy is designed to be easy for business owners to use, it can also be used in collaboration with a professional accountant. The system allows you to grant an accountant access to your account so they can review and approve the financial records without the need to send physical documentation back and forth.

Why choose Billy?

Billy is one of the most popular accounting solutions for small and medium-sized businesses in Denmark. This is due to its user-friendliness, extensive automation features, and integrations with both banks and payment solutions. By choosing Billy, businesses can focus on their core operations instead of spending time on complex accounting tasks.

With features like automated invoicing, easy VAT reporting, and direct bank integration, Billy is a solid choice for anyone looking for a flexible and reliable solution to handle their accounting. For businesses that need assistance from an accountant, Billy also makes it easy to collaborate and share data.