Smart Accounting System
A legally compliant accounting system – made simple, in plain language.
MAG-Finans makes accounting easy, without the need to understand accountant jargon. It fully complies with the Danish Bookkeeping Act, SKAT's digital standards, and GDPR, but speaks your language — income, expenses and payments, not debit and credit.
Simple accounting – fully compliant
Everything is automated and lawful – invoices, receipts, VAT, and reports
Automatic bookkeeping
Upload a receipt or create an invoice, and MAG-Finans automatically detects the amount, date, and category. Simply click Approve, and it's booked correctly in the background.
Mandatory storage
All documents are securely stored in the cloud for 5 years, in accordance with Danish law. You can search, download, or restore them anytime with one click.
Automatic VAT handling
MAG-Finans keeps track of your VAT and notifies you when it's time to report: "You have 3,400 DKK in sales VAT and 2,100 DKK in purchase VAT – ready to submit?" Press Send, and the system handles the SKAT submission automatically.
Digital invoicing (Peppol & OIOUBL)
Send and receive invoices in the legally required formats for public institutions. The system auto-posts and reconciles the payments for you.
Audit-proof log
Every change is recorded in an immutable log, showing who did what and when — ensuring compliance with Erhvervsstyrelsen's audit requirements.
Connections & automation
MAG-Finans integrates seamlessly with the rest of the MagTek platform
MAG-Tid
Time, vacation & absence tracking
MAG-Løn
Payroll & employee expenses
MAG-Drive
Mileage & reimbursements
MAG-Projekt
Project management & budgets
SKAT FTPS
Secure tax reporting
Peppol/OIOUBL
E-invoicing
You get one continuous workflow — from work hours and payroll to invoices and VAT.
Compliance & legal standards
MAG-Finans complies with Danish and EU regulations
Full Compliance
MAG-Finans complies with Danish Bookkeeping Act (2023), SKAT eindkomst standards, E-invoicing requirements (Peppol/OIOUBL), GDPR & data protection, and Audit and retention requirements by the Danish Business Authority.
The system automatically warns you about missing receipts, VAT errors, or compliance issues — and explains what to do in simple, everyday language.
How MAG-Finans speaks
In simple, everyday language — not accounting jargon
Payment Confirmation
"Your invoice to Byg & Co for 12,500 DKK has been paid. The payment has been registered and your books are updated — only VAT submission left."
Missing Receipt Alert
"A receipt is missing for your Biltema purchase on March 8th — upload it now?"
Monthly Summary
"Everything balances this month – great work! Ready to close the month?"
MAG-Finans – A Lawful Accounting System
A lawful accounting system that speaks your language.
Forget complicated accounting terms and Excel chaos – MAG-Finans does it all for you.