Do you want to have a digital accountant?
In the past, accountants did not have computers or financial programs like today, so they used abacuses and calculators to manually prepare all financial statements and calculations.
Today, there are many online and offline financial software programs worldwide, yet many accountants still use Microsoft Excel for bookkeeping.
This is because for small organizations with 1-2 accountants, maintaining records in Excel has many advantages.
However, working in Excel has one major challenge. When connecting multiple files and sheets with formulas to generate reports, errors can occur. Fixing these errors takes time and sometimes causes confusion.
MagicFinance, a financial and tax reporting software, was developed to solve these issues. Now in its 12th year, it has thousands of users and incorporates feedback from many organizations and accountants to make a reliable, error-free program.
MagicFinance can be your digital accountant. The program tells you whether your reports are correct, identifies mistakes if any, and guides you step by step on what to do. This makes it extremely easy to use.
If you have financial knowledge, you can purchase the program without attending training. For those who have not worked in finance for years, dropped out of school, completed financial courses, or have no prior financial knowledge, a 5–7 week training at the MAGIC CHOICE center will allow you to generate your organization’s financial and tax reports using the program.
| № | Program Automation |
|---|---|
| 1 | Initial Balance Entry |
| 2 | Journals, Ledgers |
| - General Journal | |
| - General Ledger | |
| - Work Schedule, Transaction Balance | |
| - Exchange Rate Difference Report | |
| 3 | Auxiliary Reports |
| - Cash, Bank Reports (Manual input for auxiliary info) | |
| - Accounts Receivable/Payable | |
| - Payroll Calculations | |
| - Inventory Report | |
| - Fixed Assets Report | |
| - Purchase Report | |
| - Expense Report | |
| - Sales Report | |
| 4 | Tax Reports |
| - Income Tax Report | |
| - VAT Report | |
| - Social Insurance Report | |
| - Corporate Income Tax Report | |
| 5 | Main Financial Statements |
| - Statement of Financial Position | |
| - Detailed Revenue Report | |
| - Statement of Changes in Equity | |
| - Cash Flow Statement | |
| 6 | Management Reports |
| - Profit Report (Monthly/Branch-wise) | |
| - Cash Flow Report (Monthly) |
MagicFinance is a fully tested and error-free financial and tax reporting software developed since 2007, designed specifically for small and medium-sized enterprises.
The program checks whether your reports are accurate and, if there are mistakes, identifies exactly where and what the errors are.
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Code retrieval and license renewal are simple and automated
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Approved by the Ministry of Finance
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Up to 80% of manual work is automated
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Can generate reports for multiple locations on a single computer
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Regular updates and improvements
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Video tutorials available for using the program
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Updated versions can be downloaded and installed online
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Financial reports – 5 types
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Tax reports – 39 types
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Management reports – 5 types
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Auxiliary reports – 37 types
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Total – 86 types of reports
See the table below for detailed breakdown.
You only need to pay the license fee that fits your needs. The pricing is as follows:
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6 months – 200,000 MNT
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12 months – 360,000 MNT
MagicFinance – Your Digital Accountant
When updates are released for the program, they are posted on www.magicgroup.mn, allowing you to install the program via the internet without needing to visit in person.
During use, various questions and explanations are available in video format and other instructions at:
http://www.magicgroup.mn/support/kb/index.php?&lang=mn
This page contains around 200 Q&A covering 25 common questions from program users. Additionally, you can join the “Magic Finance Program Users” Facebook group to get timely answers to your questions.
We invite you to attend our financial training, become a MagicFinance user, and collaborate with us in other financial areas.
With MagicFinance, you can view over 80 reports including Financial, Tax, Auxiliary, and Management Reports. For example:
| Reports | Financial | Tax | Management | Auxiliary | Total |
|---|---|---|---|---|---|
| Financial Reports | 5 | 5 | |||
| Management Reports | 5 | 5 | |||
| Journals & Ledgers | 3 | 3 | |||
| Cash Reports | 2 | 2 | |||
| Accounts Receivable/Payable | 2 | 2 | |||
| Inventory Reports | 4 | 4 | |||
| Fixed Asset Reports | 2 | 2 | |||
| Payroll Reports | 9 | 9 | |||
| Exchange Rate Reconciliation | 4 | 4 | |||
| Sales Reports | 6 | 6 | |||
| Expense Reports | 2 | 2 | |||
| Purchase Reports | 3 | 3 | |||
| Income Tax Reports | 17 | 17 | |||
| PIT Reports | 7 | 7 | |||
| VAT Reports | 6 | 6 | |||
| Social Insurance Reports | 3 | 3 | |||
| Annual Exchange Transaction Reports | 2 | 2 | |||
| E-Document & Monitoring | 4 | 4 | |||
| Total | 5 | 39 | 5 | 37 | 86 |
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