Most used accounting systems in Ecuador: 5 incredible options

The most used accounting systems in Ecuador are distributed in a group of companies that are leaders in providing accounting solutions for the Ecuadorian market and have also been adapted to countries such as Peru, Colombia and Mexico. In this article, we will review the main accounting systems in Ecuador, their advantages, disadvantages and systemsContents hide 1 What is an accounting system? 2 List of the most used accounting systems in Ecuador2.1 Mobilvendor — Accounting System2.2 Advantages of Mobilvendor2.3 Disadvantages3 Siigo — Contifico3.1 Advantages of Siigo Contifico3.2 Disadvantages4 Perseo — Accounting System5 Dora — Accounting System6 Types of Accounting Systems6.1 Fixed or General Subscription Accounting Systems6.2 Personalized Subscription Accounting Systems7 What to review before hiring an accounting system What is an accounting system? An accounting system is an organized set of procedures, policies, and tools designed to record, analyze and control the financial transactions of an entity, whether a company, non-profit organization, government entity, in accordance with the accounting regulations and regulations in force in Ecuador. In Ecuador, accounting systems must conform to the laws and accounting principles that govern the country, including the Organic Law of Public Companies, the Organic Code of Production, Commerce and Investments, as well as the International Financial Reporting Standards (IFRS) that are applicable in the country. Learn everything about our accounting system and how it can help your company. Contact us here! Accounting automation accounting systemList of the most used accounting systems in EcuadorMobilVendorContificoPerseodoraMobilVendor — Accounting SystemThe Mobilvendor accounting system is one of the perfect options if your company needs a program that integrates and customizes the experience of the accounting department according to business requirements. Advantages of MobilvendorWith Mobilvendor accounting you can: Control fixed assets and automatically record depreciations.Automatically close the fiscal year.Automatic income blocking of data after the established date, to avoid alteration of the information.Generate forms 103 and 104 to expedite your monthly and biannual returns.Monitor debts to your suppliers to make timely payments and avoid additional charges.MobilVendor, being an ecosystem, commercial and administrative data will be integrated with the accounting module and so you can optimize all your processes in one place.Quickly and massively record the payment of your customers using cash, checks and bank transfers.Manage salary payments or salaries to your employees; as well as required social benefits.DisadvantagesIt requires time in the configuration as it is a customized systemIt requires personalized training for its use.SIIGO — ContificoSIIGO Contifico is an accounting system that is mainly responsible for electronic invoicing, since its system is designed as a fixed or general subscription system in which Ecuadorian accounting processes are already delimited to the subject of invoicing.Advantages of Siigo Contifico is updated with the billing regulations for SRISoftware in the cloud. Everything is managed online Secure information backed by a databaseDisadvantagesStandard rates, lacks customization when adapting special processes for companies/Plans with limited users/Plan with limited invoicesPerseo — Accounting SystemPerseo is an accounting system focused on invoicing, electronic signature, training for accountants, and others. The Perseo system focuses on providing automatic updates and, like Mobilvendor, it provides cloud backups. Perseo, like Siigo, is based on systems with pricing tables and not customized, its basic plan starts at $145 and doesn't include many functions that a company needs to manage its accounting. Perseo manages several channelsDora — Dora Accounting System is one of the preferred accounting systems for independent accountants because it allows you to work 100% remotely, it is multi-company and multi-user, it stores 500 transactions per account and allows you to charge your clients with a card. Dora's solution as an accounting system adapts to the needs of an accounting firm but not for a company belonging to a production business, since it does not offer complete customization per customer such as Mobilvendor.Dora's prices start from The 30 dollars per month per RUC number entered, being one of the most economical options for freelance accountants. Types of accounting systemsThere are several types of accounting systems used in Ecuador and Mobilvendor is part of one of them with its Accounting Module. Here is a list of the types of accounting systems that you can find in the Ecuador market: Fixed or general subscription accounting systemsFixed-subscription or general accounting systems are those that offer a standard configuration and are not adapted to the particular needs of a company. These systems are suitable for small businesses or entities with simple operations that don't require significant customization. They generally provide basic tools for keeping a record of financial transactions, generating reports and complying with tax regulations. Custom subscription accounting systemsCustom subscription accounting systems are more flexible solutions that allow companies to adapt software to their specific needs. In this context, Mobilvendor stands out as an option that offers customization. MobilVendor allows you to configure accounting modules and functions according to individual company requirements. This includes the adaptation of income and expense categories, the generation of customized reports and the integration with other business systems. Schedule an appointment to learn more about the accounting system for Ecuadorian companies here.Advantages of Mobilvendor as a customized accounting systemGreater flexibility to adapt to specific company needs.Possibility to generate customized reports and analyses that fit management objectives.Integration with other business systems, making it easier to synchronize data and make informed decisions.Disadvantages of Mobilvendor as a customized accounting systemMay require an initial investment and time significant for the configuration.Excessive customization can lead to complications and difficulties in maintenance.Subscription costs may be higher compared to fixed subscription systems.What to review before hiring an accounting systemRequirements specific to your company: Before considering any accounting system, identify the specific needs and requirements of your company. Do you need specific functions such as inventory management, electronic invoicing or fixed asset tracking? Compatibility and scalability: Make sure that MobilVendor is compatible with your current operating system and hardware. In addition, check if the system can grow with your company as it expands. Provider experience and reputation: Investigate MobilVendor's experience and reputation in the market. Read reviews, look for references and check if they have worked with companies similar to yours. Ease of use: An accounting system should be easy to use so that your employees can get the most out of it without a steep learning curve.Training and support: Make sure that MobilVendor offers appropriate training and technical support for your team. This is critical to solving problems and getting the most out of the system. Costs and budget: Analyze the costs associated with implementing MobilVendor, including licensing, maintenance, and potential hidden costs. Make sure it fits your budget.