Finance, Accounting & Tax

AFATFinance, Accounting and Tax for MSMEs

AFAT is an application designed to help micro, small and medium enterprises (MSMEs) with their administration, finances and tax — from the first sale to the financial statements.

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Why AFAT

Running the books shouldn’t run the business.

The problems MSMEs face every day, and what changes with AFAT.

  1. 01 Finance & administration

    Without AFAT Managing finances and business administration is difficult.

    With AFAT Save time and resources in managing finances and administration.

  2. 02 Business processes

    Without AFAT Financial and business management is inefficient, time-consuming and needs many resources.

    With AFAT Business and financial management become more efficient and effective.

  3. 03 Inventory

    Without AFAT Little control over inventory and stock.

    With AFAT Better control over inventory and stock.

  4. 04 Tax

    Without AFAT Prone to mistakes in calculating tax, which can lead to problems with the tax authority.

    With AFAT Safer and more accurate tax calculation and reporting.

Getting started

Set up once, then just record.

Three steps before the first transaction.

  1. 1

    Sign in

    Sign in with the username and password that have been registered.

  2. 2

    Set up your company

    Fill in your company details, and adjust the account codes if you need to.

  3. 3

    Chart of accounts

    Account codes name and number the categories in your financial transactions. There is no fixed standard for how they are numbered or named, so you can shape them to your business.

Chart of accounts

Sample accounts
Code Account name Category
1-1100 Cash Cash & bank
1-1110 Petty cash Cash & bank
1-1200 Bank account Cash & bank
1-1300 Accounts receivable Receivables
4-1000 Sales Income
6-1000 Operating costs Expenses

Account codes are the bridge

Transaction Account code Ledger & statements

In accounting, account codes connect each transaction to the ledger and to the financial statements. Their purpose is to make things easier.

The modules

Everything from contacts to the cash flow statement.

Pick a module in the menu to see what you can do in it.

Contacts

Add your customers and your suppliers.

Products

Monitor the stock of products you buy to sell again.

Tax

Add tax accounts to your transactions, set up to match each user’s needs.

Purchases

Record every purchase, create purchase orders, and record the payments and their journals.

  • See purchase bills still unpaid
  • See purchases that are past due
  • See the total of purchases paid

Sales

Record every sale, create sales orders and invoices, and record the payments and their journals.

  • See sales invoices still unpaid
  • See sales that are past due
  • See the total of sales

Cash & Bank

See the up-to-date balance of every cash and bank account. Three transactions are available:

  • Payment
  • Transfer
  • Receipt

Costs

Record your spending on costs, paid from cash or from the bank.

Assets

Record the purchase of assets. The asset list is always at hand, and depreciation is calculated and posted to the journal automatically.

Financial statements

Open the financial statements you need. Five are available:

  • General journal
  • Balance sheet
  • Trial balance
  • Profit and loss
  • Cash flow

Illustration with sample values.

How it fits together

From each transaction to your financial statements.

Every transaction is recorded with its journal through your account codes, so the statements are ready when you need them.

You record

You get

  • Sales Sales orders, invoices, payments
  • Purchases Purchase orders and payments
  • Cash & bank Payments, transfers, receipts
  • Costs Paid from cash or bank
  • Assets Depreciation posted automatically

Journal

Each transaction is journalled against your chart of accounts.

Account codesTax accountsLedger
  1. 1 General journal
  2. 2 Balance sheet
  3. 3 Trial balance
  4. 4 Profit and loss
  5. 5 Cash flow

Technology AFAT supports.

It runs on platforms your IT team already knows, with big data and analytics tools alongside.

Operating systems

  • Linux
  • Windows

Linux Windows

Containerization

  • Docker

Docker

Web server & gateway

  • Kong
  • NGINX

Kong NGINX

Databases

  • MySQL
  • Oracle
  • PostgreSQL

MySQL Oracle PostgreSQL

Platforms & languages

  • Java EE
  • Spring Boot
  • Android
  • Python
  • Flutter

Java EE Spring Boot Android Python Flutter

Big data analytics

  • Hadoop
  • Sqoop
  • Hive
  • Scala
  • Spark
  • HBase
  • Cassandra
  • NiFi
  • Kafka
  • Airflow
  • Flink
  • Debezium

Hadoop Sqoop Hive Scala Spark HBase Cassandra NiFi Kafka Airflow Flink Debezium

Analytics

  • Superset
  • PySpark
  • scikit-learn
  • TensorFlow
  • Prometheus
  • Grafana

Superset PySpark scikit-learn TensorFlow Prometheus Grafana

Frequently Asked Questions

Everything you need to know about AFAT.

AFAT is an application designed to help micro, small and medium enterprises (MSMEs) with administration, finance and tax.
Contacts (customers and suppliers), products and stock, tax accounts, purchases and purchase orders, sales, sales orders and invoices, cash and bank payments, transfers and receipts, costs, and asset purchases.
Five: the general journal, the balance sheet, the trial balance, the profit and loss statement, and the cash flow statement.
No. There is no fixed standard for numbering or naming account codes. You can adjust the codes during set-up to fit your business.
Yes. When you record an asset purchase, its depreciation is calculated and posted to the journal automatically.

Ready to Put Your Books in Order?

Tell us about the businesses you serve, and we will show you how AFAT can help them.

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