Accounting software — full El Salvador MoF compliance, no audit surprises
Accounting system designed with Salvadoran regulations in mind: automatic entries, VAT, income tax, legal books, financial statements, IFRS for SMEs, integration with MoF DTE and bank payment files. From SMBs to corporations, multi-company and multi-country.
The most expensive accounting problems for Central American companies are always the same: manual entries done late and wrong, bank reconciliations taking days, VAT declarations with errors generating penalties, monthly closings that never finish on time, and financial reports that management receives 45 days after closing — when they're no longer useful for decision-making.
A serious accounting system solves that: automatic entries from other systems (sales, purchases, payroll), declarations generated with one click, bank reconciliation in minutes and financial statements available from day 5 of the month. The difference between having real visibility of your business or navigating blind.
Chart of accounts
Flexible catalog at any detail level, type groupings, cost centers, auxiliary sub-accounts. Importable.
Automatic entries
Each sale, purchase, payroll, collection and payment generates automatic entries. The accountant only records the manual ones (adjustments, depreciation, provisions).
DTE/CCF/FE integration
MoF electronic invoicing generates entries automatically. Handles credit notes, voids, contingencies.
Bank reconciliation
Import statements from Salvadoran banks, automatic reconciliation by amount/date/concept. From hours to minutes.
Financial statements
Balance Sheet, Income Statement, Cash Flow, Statement of Changes in Equity. IFRS for SMEs and full IFRS.
Legal books
Journal, Ledger, Balance, Inventory. Numbered, exportable to digitally signed PDF for MoF and auditors.
Monthly VAT
Automatic calculation of input and output VAT, F-07 ready to upload to MoF portal. Reconciliation with customer DTE.
Income tax withholdings
10% withholding for professionals and SMBs, annual F-14 form, monthly F-29, person and amount annexes.
Multi-company
Holding management with multiple corporations, consolidation, intercompany eliminations, currency conversion.
Multi-country
Support for Guatemala, Honduras, Nicaragua, Costa Rica, Panama regulations. Multi-currency with exchange rates.
Cost centers
Expense distribution by location, area, project, customer. Profitability analysis by dimension.
Full audit trail
Traceability of every change: who, when, what changed, previous and new value. Essential for compliance.
- Commercial Code: mandatory legal books (Journal, Ledger, Inventory, Minutes), chronological entries, numbering.
- Ministry of Finance:DTE, CCF, FE, FSE, NRE issued or received. Monthly annexes.
- VAT (Tax on Transfer of Movable Goods and Services Law): 13% standard, exemptions, exports (0%), monthly F-07.
- Income Tax (ISR): 10% withholdings for professionals and services, foreign service withholdings, annual F-14, monthly F-29.
- IFRS for SMEs: financial statement presentation, inventory, property, plant and equipment, revenue.
- Full IFRS: for regulated companies (banking, insurance), with financial instruments, impairment, deferred taxes.
- Commercial Registry: balance sheet and income statement formats for annual filing.
- When regulations change: automatic updates without client effort.
- MoF electronic invoicing:DTE, CCF, FE, FSE in and out, generate automatic entries.
- Banks: statement imports from Cuscatlán, Davivienda, Agrícola, BAC, Promerica. COB files for mass payment to suppliers and payroll.
- Payment gateways:Wompi, N1co, Stripe, PayPal — automatic reconciliation.
- POS and inventory systems: sales, purchases, transfers, shrinkage — generate entries.
- HRM / Payroll: payroll cost, ISSS, AFP, withheld income tax — all posted to month.
- Commercial ERPs:SAP B1, Odoo, Microsoft Dynamics, Oracle — bidirectional sync.
- Excel: mass entry import, any report export.
- Power BI / Tableau: direct connection for executive dashboards on accounting data.
- Monthly financial statements:Balance Sheet, IS, Cash Flow — available from day 5 of next month, not day 30.
- Comparisons: month vs prior month, month vs same month prior year, accumulated vs budget.
- Accounts receivable: aging (30/60/90/+90 days), top debtor customer, cash cycle.
- Accounts payable: due date calendar, top suppliers, average days to pay.
- Projected cash flow: next 30/60/90 days based on account due dates.
- Cost center analysis: profitability by location, area, project.
- Key indicators: liquidity, leverage, profitability, operational efficiency.
- Audit annexes: balance circularization, pending items, proposed adjustments.
- Discovery (1-2 weeks): review current chart, accounts plan, accounting processes, required integrations.
- Design: new chart aligned with your needs, cost center definition, fiscal parameterization.
- Configuration: system setup, automatic entry templates, legal formats, role permissions.
- Opening balance migration: opening the new system with last closing balances from the old system.
- Training: sessions for accountants, accounting assistants, financial management.
- Parallel (1-2 months): old and new system operating simultaneously. Cross-reconciliation.
- Go-live and intensive support: 4-6 weeks of close support, first monthly close with hand-holding.
- Normal operation: monthly maintenance with regulatory updates.
Custom accounting software
Built for your company, no per-user licenses, 100% adapted to your processes. Recommended for mid-size and large companies with specific needs.
Configuration on Mónica
Mónica is the most popular accounting system in El Salvador for SMBs. We customize, integrate with DTE/MoF, automate bank reconciliation and create executive reports. Implementation:
Configuration on Odoo
Odoo Accounting for mid-size companies. El Salvador MoF compliance, IFRS, multi-company. Open source with custom modules. Implementation:
Configuration on SAP Business One
For companies with 50+ employees or regional operations. Localization for El Salvador, DTE integration, payroll, planning. Implementation with licenses billed separately.
SMB accounting software
1-3 users, basic modules, DTE integration, bank reconciliation. 6-10 weeks.
Enterprise accounting system
5-15 users, multi-company, cost centers, advanced reporting, integrations. 3-5 months.
Custom accounting system
No licenses, 100% adapted, IP belongs to client. For large or regulated companies.
Monthly maintenance
Regulatory updates, support, formula adjustments, new reports, annual certification.
What determines the cost of accounting software?
Four factors drive the investment: number of concurrent users, whether the operation is single-company or multi-company with consolidation, whether cost centers and advanced reporting are required, and whether the system is built custom or configured on a commercial solution (Odoo, SAP Business One). We deliver a fixed quote after a scoping session, at no charge.
Does it comply with all current Salvadoran regulations?
Yes, fully: unified chart of accounts per commercial code, monthly VAT declarations (F-07), advance payments, income tax withholdings, annual F-29, legal books (Journal, Ledger, Inventory, Minutes), El Salvador MoF DTE/CCF/FE/FSE, IFRS for SMEs and full IFRS. We update automatically when regulations or rates change.
How long does accounting system implementation take?
Standard SMB system: 6-10 weeks (2 weeks discovery + 3-4 configuration + 1-2 migration + 2 parallel). Enterprise system with several customizations: 3-5 months. The critical phase is migrating opening balances and chart of accounts — if clean, the project flies.
Does it integrate with MoF electronic invoicing?
Yes, native integration. Each DTE, CCF, FE or FSE generated is automatically posted to the correct accounting entry. Handles credit notes, voids, MoF contingencies and reconciliation with the MoF portal. No manual re-entry.
Does it allow multiple accountants working simultaneously?
Yes. Multi-user with granular permissions: who can create entries, who approves, who closes month, who generates financial statements. Full audit trail: who made what change, when, why. Essential for compliance.
Does it generate the reports my external auditor requires?
Yes. Trial balance at any account level, balance sheet, income statement, cash flow, ledger by account, journal by date, type entries, VAT and income tax annexes. All exportable to Excel or digitally signed PDF.
Does your accounting give you real visibility of the business? Talk to us and we'll do a free diagnostic of your current system with improvement proposal in 7 business days.
