First Swiss financial software for cryptocurrencies

The new software from the provider of cloud-based business management solutions enables the booking as well as reporting of digital currencies and allows the annual financial statement with cryptocurrencies. The solution is available as of April 25, 2018.

Advanced financial software

Sage has thus further developed its core product Sage 200 Extra to provide the growing number of crypto companies in Switzerland with accounting software for digital currencies. "Our offering primarily targets the growing market of digital startups that are planning or have just conducted their ICO," said Tobias Ackermann, country manager of Sage Schweiz AG. "Further, we address trustees who advise crypto companies and Swiss companies that enable their customers to make payments in cryptocurrencies and want to map this in their accounting."

Payments, bookings and financial statements with cryptocurrencies

The new version of Sage 200 Extra allows companies to make and post payments from customers or transfers to suppliers in cryptocurrencies. Financial statements with cryptocurrency are also possible. The transactions take place respectively between the wallets (virtual wallet) of the company and the customer or supplier and are automatically synchronized with the general ledger of Sage 200 Extra. By representing and processing any digital currencies, Bitcoin, Ether, Litecoin and co. can be managed in the general ledger. "We are in close contact with companies and trustees in the innovation-rich cryptovalley of Zug to further develop the solution in line with market needs," says Ackermann. The new version of Sage 200 Extra will be available in English, French, German and Italian on April 25, 2018. Prices on request.

Source: Sage Switzerland