Possible Interfaces of timeSensor LEGAL Accounting

Possible Interfaces of timeSensor LEGAL Accounting

General

When working with timeSensor LEGAL, accounting-relevant information arises. Corresponding business transactions are automatically posted by the software in the double-entry accounting system. Therefore, you store your chart of accounts and possibly your cost centers in timeSensor LEGAL. However, timeSensor LEGAL is not the right software to create a financial statement. A special accounting software is used for this purpose. The created transactions are therefore periodically exported from timeSensor LEGAL and transferred to the accounting program so that the financial statement can be created there. This article describes two typical usage scenarios and lists the accounting programs for which an interface exists in timeSensor LEGAL.

Usage Scenarios

Posting of payment transactions

You can use timeSensor LEGAL to map the entire payment transactions: the income side is automatically updated concerning receivables. Whenever you post a payment in an invoice, the corresponding payment also appears on the income side of the respective bank ledger. Now you can also record other income and expenses in the general ledgers in timeSensor LEGAL and reconcile them monthly with your account statements. Thus, the entire payment transactions are fully posted in the firm software. Your advantage: all information is easily accessible.

Posting only the receivables side

Some entities are content to manage only the receivables side in timeSensor LEGAL. This is the case, for example, if you still use separate accounting software yourself and the payment transactions are booked through the accounting software. In this scenario, only the payments for the invoices you issued are recorded in timeSensor LEGAL.
Info
timeSensor LEGAL supports posting according to received payments (cash accounting) and according to agreed payments (accrual accounting). Additionally, in Switzerland, flat-rate taxation is also supported (based on received payments). The chosen tax system must be set when the software is put into operation and can be changed at the start of a fiscal year if necessary.

Transfer to Accounting

Whether you run the entire payment transactions through timeSensor LEGAL or only the receivables side: You can export the transactions available in tSL monthly or periodically and import them into your accounting software (or your financial advisor's accounting software). For this purpose, tSL provides interfaces to a variety of programs:
  1. ABACUS 12.x-…
  2. ABACUS ABACONNECT 2012
  3. Banana
  4. Bexio
  5. Crésus simple
  6. Crésus extended
  7. DATEV
  8. FibuNT 4.7b-…
  9. Loops
  10. M.O.R. Fibu
  11. MasterFinanz 1.7-…
  12. OfficeMaker
  13. ProFinance
  14. Sage 50 (Infoniqa ONE 50)
  15. Sage Start (Infoniqa ONE Start)
  16. ShakeHands Conto
  17. Topal
  18. Topix8 SU
  19. Winbiz
You can find the export function in the Special  section under Accounting/Financial Interfaces.

Warning
Disclaimer: The manufacturers of various accounting software continuously develop their products and sometimes also their interfaces. The above list represents a snapshot. It is possible that an interface that works today for a product may no longer work tomorrow because the manufacturer has changed its interface specification. timeSensor AG strives to maintain compatibility with the above products. However, it cannot be guaranteed that every interface to every version of the above products is always available. Therefore, perform a test export early to check compatibility with the version of the accounting software used by you or your financial advisor.
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