Name: Fiken
Author: FIKEN AS

Help Desk

Web and Video Conferencing

Customer Support

Changelog

Push Notifications

Development

Attendance Tracking

Education

Audit

Barcode

Business Intelligence (BI)

Collaboration

Communications Platform as a Service (CPaaS)

Environmental, Social, and Governance (ESG)

Interactive Voice Response (IVR)

Traceability

Enterprise

Accounting

Financial Close

Finance and Accounting

401(k)

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Server

Bug Bounty

Cloud Storage

Container Security

Data Preparation

Data Replication

Data Virtualization

Desktop Management

Desktop Outsourcing

Electronic Data Interchange (EDI)

Fraud Detection

Integration Platform as a Service (iPaaS)

MLOps

Managed Detection and Response (MDR)

Network Performance Monitoring

Network Troubleshooting

Packet Analyzer

Process Mining

Routers

Runtime Application Self-Protection

Secure Access Control

Virtual Private Cloud (VPC)

Wireless WAN

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Community

Content Management

Digital Analytics

Email Marketing

Marketing Automation

Marketing Resource Management

Social Login

Social Media Management

Survey & Forms Building

URL Shorteners

Web Analytics

Marketing

Interactive Whiteboard

Project Management

Professional Services

AI Sales Agent

Cross-Border eCommerce

Customer Relationship Management (CRM)

Sales Acceleration

Sales Dialer

Sales Email Tracking

Sales

Microsegmentation

Security

Homeowner's Association (HOA) Management

Public Sector Software

Scholarship Management

Tax Practice Management

Vertical-Specific

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Fiken is a cloud-based accounting software solution designed to simplify bookkeeping and financial management for small businesses and self-employed professionals in Norway. It caters to a diverse range of professions and industries, including freelancers, independent contractors, small retail businesses, service-based businesses, restaurants and cafes, and tradespeople.

## Key Features

**Faktura (Invoice)**: Users can easily create professional invoices, quotes, and order confirmations with multiple delivery options such as email, Vipps eFaktura, EHF, SMS, or paper. Fiken also offers a debt collection service for outstanding payments.

**Kjøp / Utgift (Purchase / Expense)**: Streamline expense management by capturing and interpreting receipts through the Fiken app. The software handles the accounting for purchases and expenses, allowing users to receive and pay invoices within the platform.

**Altinn Integration**: Fiken integrates with Altinn, the Norwegian government portal, providing users with an overview of submission requirements. It automates form filling for tax returns and annual financial statements, and allows for direct submission to Altinn. Users also receive reminders for any missed submissions.

**Lønn (Payroll)**: Fiken guides users through payroll entry creation, automating salary calculations, taxes, and employer contributions. It generates payslips and submits reports to Altinn, ensuring compliance with payroll regulations.

**Timeføring (Time Tracking)**: Track time effortlessly through the web or Fiken app, providing essential insights for invoicing and project management. It meets project accounting requirements, particularly for industries like construction.

**Skattemelding (Tax Return)**: Fiken simplifies tax form completion by automatically populating complex forms for submission to Altinn, minimizing errors and saving time.

**Årsregnskap (Annual Financial Statements)**: Fiken automates the creation and submission of annual financial statements to Altinn, including necessary notes, ensuring compliance with reporting requirements.

**Mva (VAT)**: Fiken calculates VAT accurately and submits the information to Altinn, simplifying VAT management and ensuring precise reporting.

**Bank Integrations**: Import bank transactions into Fiken, allowing for suggested accounting entries. Users can also pay invoices and view account balances within the platform, streamlining financial management.

**Frister & påminnelser (Deadlines & Reminders)**: Fiken provides an overview of important accounting tasks, sending reminders through the app, email, and within the system to help users stay organized and meet their financial obligations.

Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

Acumatica

Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.

Early

Growing

Established

Fiken

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Accounting software automates and streamlines financial management, from core functions like accounts payable and receivable to complex tasks like ledger management and reporting. They are aimed at enhancing accuracy, providing real-time financial insights, and ensuring compliance. Advanced systems integrate with other business tools, supporting everything from expense tracking to payroll. Explore user reviews and comparisons to find the best accounting software for your business.

FIKEN AS

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

Custom reports

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

Fiken

Overview

What is Fiken?