Aedon.Accounting Signup Page2024-04-30T13:48:54+01:00

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AEDON.ACCOUNTING

Drives Efficiencies and Reduces Costs

Schedule your custom demo

Ready to do all your accounting inside Salesforce?

Take control of your business

AEDON.ACCOUNTING

Drives efficiencies and reduces costs.

Schedule your custom demo

Ready to do all your accounting inside Salesforce?

Fast to implement

Right out of the box

Cheap to own

Easy to customise

Fast to implement

Right out of the box

Cheap to own

Easy to customise

Product Features

Product Features

Full Power of the Salesforce Platform

Aedon.Accounting is hosted on Salesforce allowing you to either connect your existing CRM directly with your accounting or upgrade to a true Cloud Finance Solution.

Multi-Company and Multi-Currency

Supports unlimited companies and currencies with cross company consolidation.

Revenue Recognition and Recurring Invoices

Aedon.Accounting offers easy-to-use wizards to guide you through complex processes.

Automated Bank Reconciliation

Bank transactions are fed five times per day to an automated bank reconciliation, including matching rules and payment of open invoices.

Complete Finance Package

Aedon.Accounting is a HMRC recognised accounting package, that you can get Free Forever reducing your costs and ensuring compliance.

Direct Debit & Payment Integration

Automated handling of direct debit payments and collections including failures.

Automated Processes & Approvals

Thanks to Salesforce’s powerful automation suite, we can empower your finance team by automating the mundane, daily, weekly, monthly tasks.

Native Reports & Dashboards

Reporting is Salesforce’s bread and butter, no more exporting your reports to Excel! View and create any report, chart, or graph within Aedon.Accounting.

Bottom-Up Reporting

This unique feature allows you to have a complete insight of your business at your fingertips, it allows precise reporting on Job Numbers, Products or any Analysis Code you want.

Who is Aedon.Accounting For?

Who is Aedon for?

Improve your finance department’s efficiency, accuracy, and reduce costs with Aedon.Accounting, the perfect solution for start-up businesses who have outgrown platforms like Xero, Sage and QuickBooks. The native connection of Aedon.Accounting to Salesforce also allows for increased automation and reduced duplication.

Are you reaching the limitations of the following starter accounting software packages?

Then it’s time to superpower your accounting platform.

Upgrade to Aedon.Accounting and unleash your businesses full potential!

A Typical Aedon.Accounting Implementation

Typical Implementation

There are four stages to Implementation; Design, Configuration, UAT and then optionally, Parallel Running.

A standard implementation plan and data migration template are available on our knowledgebase – Aedon.Assistance.

Before starting any implementation we recommend taking stock of any spreadsheets and processes that may have become unmanageable and draft new ideal process plans.

Having a plan in place allows you solve all your problems in your new accounting system.

We recommend a vanilla implementation for ease of adoption and implementation and once you’re happy then work on the improvements using the benefits of Aedon.Accounting and Salesforce.

What others are saying

Customer reviews

Aedon combines CRM and finance to drive down costs and increase revenues PLUS all the customisation that Salesforce enables. Learn more on our Salesforce AppExchange page.

These are all genuine customer experiences shared by users of Aedon.Accounting on our Salesforce AppExchange page. Click below to learn more.

How it Works

Take Aedon.Accounting for a Quick Spin

Get in the driving seat with this short user-led introduction to Aedon.Accounting. Take the software for a quick spin to get a high level view of its top features, before signing up for our ‘Free Forever’ account where you can test the suitability of our Salesforce Accounting Solution until your heart’s content.

Take a Look Around

Some screenshots from Aedon.Accounting in action!

Frequently Asked Questions

Aedon.Accounting is an innovative, robust financial software solution that transforms the way you do accounting, inside Salesforce!

Answers to questions we’re commonly asked are provided below. Please use the filters to narrow down answers by category.

How Many Modules are there in the Charity SORP? Which are Important?2024-09-24T14:38:49+01:00

There are 29 modules in the SORP.  And they are in a somewhat random order! That is the bad news.

The good news is that for most charities there are 6 which are particularly important and these are highlighted below.  The others you may need to refer to according to your specific circumstances. 

Module Title SORP Page
Core Modules
1 Trustees’ annual report 12
2 Fund accounting 22
3 Accounting standards, policies, concepts and principles,
including the adjustment of estimates and errors
29
4 Statement of financial activities  37
5 Recognition of income, including legacies, grants and financial income 50
6 Donated good, facilities and services, including volunteers 60
7 Recognition of expenditure 65
8 Allocating costs by activity in the statement of financial activities  72
9 Disclosure of trustee and staff remuneration, related party and other transactions 76
10 Balance sheet 82
11 Impairment of assets 98
12 Analysis of grants 105
13 Events after the end of the reporting period 109
14 Statement of cash flows  111
Selection 1: Special Transactions relating to charity operations
15 Charities established under company law 118
16 Presentation and disclosure of grant-making activities 122
17 Retirement and post-employment benefits 127
Selection 2: Accounting for special types of assets held
18 Accounting for heritage assets 131
19 Accounting for funds received as agent or as custodian trustee 138
Selection 3: Accounting for investments
20 Total return (investments) 141
21 Accounting for social investments 145
22 Accounting for charities pooling funds for investment 152
Selection 4: Accounting for branches, charity groups and combinations
23 Overview of charity combinations 155
24 Accounting for groups and the preparation of consolidated accounts 157
25 Branches, linked or connected charities and joint arrangements 164
26 Charities as subsidiaries 169
27 Charity mergers 170
28 Accounting for associates 174
29 Accounting for joint ventures 177
Appendices
1 Glossary of Terms 181
2 The Charity Accounting (SORP) Committee 194
3 Thresholds for the UK and the Republic of Ireland 195
4 Basis for conclusions 197
How Many Tables are there in the Charity SORP?2024-09-24T14:38:49+01:00

There are 21 Tables in the SORP and 2 figures. That is the bad news. The good news is that most don’t apply to most charities. The important ones are highlighted below.

Table Title SORP Page
1 Outline summary of fund movements 28
2 Statement of financial activities  38
3 Analysis of expenditure on charitable activities 48
4 Analysis of support costs 75
5 Balance sheet  83
6 Analysis of opening and closing carrying amounts 89
7 Common basic financial instruments 99
8 Statement of cash flows  115
9 Reconciliation of net income/(expenditure) to net cash flow from operating activities 116
10 Analysis of cash and cash equivalents 116
10a Analysis of changes in net debt 117
11 Minimum requirements for a summary income and expenditure account 120
12 Analysis of grants 124
13 Analysis of charitable activities 125
14 Analysis of heritage assets 135
15 Summary analysis of heritage asset transactions 137
16 Example of the disclosure of a toral return approach to investment of permanent endowment 143
17 Analysis of fund movements for a pooling scheme 153
18 Analysis of principal SoFA components for the current reporting period 173
19 Analysis of principal SoFA components for the previous reporting period 173
20 Analysis of net assets at the date of merger 173
Figure
1 The classes of charitable funds 22
2 Guide to accounting for charity combinations 156
When can I get the Plain English Guide to Implementing the Charity SORP?2024-09-24T14:38:49+01:00

We are publishing the “The Plain English Guide to Implementing the Charity SORP” at the end of the year with a RRP of £20.

Does Aedon.Charities help with Gift Aid?2024-08-20T20:12:07+01:00

Yes, the Account object is modified to include the Gift Aid declaration allowing a simple csv submission report to be created for donations received.

Does Aedon.Charities integrate with the Nonprofit Success Pack (NPSP)?2024-08-20T19:57:51+01:00

Yes, the Salesforce integration is made simple because of the shared Salesforce platform between Aedon.Accounting and the NPSP. Some configuration will be required to ensure that all the donation attributes are included as Analysis Codes in Aedon.Accounting.

Does Aedon.Charities integrate with the Salesforce Nonprofit Cloud?2024-08-20T19:56:40+01:00

Yes, the Salesforce integration is made simple because of the shared Salesforce platform between Aedon.Accounting and the Nonprofit Cloud. Some configuration will be required to ensure that all the donation attributes are included as Analysis Codes in Aedon.Accounting.

What does Aedon.Charities give me?2024-08-20T19:55:47+01:00

Aedon.Charities is an extension to the core Aedon.Accounting product.  It is designed to add additional functionality which is specifically designed for the charity sector.

Aedon.Charities provides three main features:

  • Compliance with the Charity SORP
  • Integration with the Salesforce Nonprofit Cloud or the Nonprofit Success Pack (NPSP)
  • Simple Gift Aid Submission.

The compliance with the Charity SORP includes the production of the three key financial statements:

  • Statement of Financial Activities
  • The Balance Sheet
  • Statement of Cash Flow

Plus all the accompanying notes that are required to further analyse these three core reports.

The Salesforce integrations are made simple because of the shared Salesforce platform between Aedon.Accounting, the Nonprofit Cloud and NPSP.  Some configuration will be required to ensure that all the donation attributes are included as Analysis Codes in Aedon.Accounting.

The Account object is modified to include the Gift Aid declaration allowing a simple csv submission report to be created for donations received.

What are Activities in the Charity SORP?2024-09-24T14:38:49+01:00

The Charity’s activities are the means of achieving its charitable objectives. They are defined in the Trustee’s statement.

Unfortunately, although the initial definition is clear, the SORP then proceeds to use the term activity to also define the different classifications of income expenditure in a a very confusing manner.

It would have been much easier if they had used a different term such as “Classification”. This is how we define the different dimension axes that are necessary to comply with the SORP in what we refer to as 3-Dimensional Accounting.

What are the different types of funds in the Charity SORP?2024-09-24T14:38:49+01:00

There are essentially two classes of fund: Unrestricted and Restricted.

Unrestricted funds can be applied for any of the charity’s activities. When they are set aside for a specific purpose, they are called Designated. The undesignated funds are called General.

Restricted Funds can be either Income Funds or Endowment Funds. Income funds can be spent in full on the activities defined by the donor. Endowment funds hold capital that can provide an income to be used for the charitable activities.

The Endowment funds are further divided into Permanent Endowments which are held indefinitely or Expendable Endowments in which the capital can be spent at the discretion of the trustees.

The SORP uses this diagram to explain the different types of funds.

Why don’t charities have profits?2024-09-24T14:38:49+01:00

Charities are not businesses and therefore create surpluses or deficits in their income and expenditure.  These are accumulated year on year as fund, which are also described as reserves.

Under the Charity SORP the surpluses and deficits are recorded against each fund and then accumulated in the same way in the accumulated funds or reserves.

What is the SoFA in the Charity SORP?2024-09-24T14:38:49+01:00

The Statement of Financial Activities is the charitable equivalent of a Profit & Loss report for ordinary businesses, which is extended by including balance sheet information for the movement in the funds.

It uses standard classifications of income and expense which are intended to assist with the comparison of different charities.
However, these classifications are then divided according to the different funds which they were paid out of making the whole report far too complex to read easily.

If the SOFA were an Olympic dive, it would have a degree of difficulty of 4.9 out of 5!

What is three-dimensional accounting?2024-09-24T14:38:49+01:00

Three-dimensional accounting simplifies the implementation of the Charity SORP.

On every type of income (sales invoice) you record not only the classification of the income using the nominal or general ledger code for that income type, but also the fund that it goes into.

Then, for every purchase invoice you record not only they classification of the expenditure using the nominal code, but you record the activity it was spent on and the fund that is being used to pay for it.

In system terms you record the classification of the income or expenditure using the nominal codes, and then use the Fund analysis code to manage the balance in the fund and the Activity Analysis code to identify which activity is being supported.

Recording this extended information, which is necessary to comply with the Charity SORP, is simple with Aedon.Charities.

How can I make the Charity SORP easier to implement?2024-09-24T14:38:49+01:00

The SORP is extremely difficult to implement properly unless you have a multi-dimensional accounting system like Aedon.Accounting.

Most charities use starter packages which have a business-oriented chart of accounts that might allow for different departments or cost centres, but certainly don’ support the three-dimensional need to record the nominal code, fund and activity on all purchases. These simpler packages are simply not sophisticated enough to make compliance with the SORP easy.

However, help is at hand.  We are publishing the “The Plain English Guide to Implementing the Charity SORP” at the end of the year with a RRP of £20.

How can I make the Charity SORP easier to implement?2024-09-24T14:38:49+01:00

The SORP is extremely difficult to implement properly unless you have a multi-dimensional accounting system like Aedon.Accounting.

Most charities use starter packages which have a business-oriented chart of accounts that might allow for different departments or cost centres, but certainly don’ support the three-dimensional need to record the nominal code, fund and activity on all purchases. These simpler packages are simply not sophisticated enough to make compliance with the SORP easy.

However, help is at hand.  We are publishing the “The Plain English Guide to Implementing the Charity SORP” at the end of the year with a RRP of £20.

Why is the Charity SORP so difficult to understand?2024-09-24T14:38:49+01:00

The SORP was created by some very clever and very experienced accountants, who were probably too clever and too experienced to recognise that what they had produced was far too complicated for charities many of whom rely on unqualified volunteers to fulfil their financial roles.

Even for experienced accountants the SORP is very daunting and made even more so by the ambiguities and problems in its construction.

What are the objectives of the Charity SORP?2024-09-24T14:38:49+01:00

The aim of the Financial Reporting Council is “to promote transparency and integrity in business”. With regards to charities the aim is to help readers understand three things in particular:

  1. What are the objectives of the charity?
  2. What activities does it undertake to achieve those objectives?
  3. How are those activities funded?

Unfortunately, it only partially meets those objectives.  The list of requirements for the Trustee’s Report ensures a comprehensive narrative that explains the first objective of what the charity is trying to achieve and allows for a good description of the activities.

The financial statements are overly complex and unhelpful. The Statement Financial Affairs is the most important report in the SORP and is equivalent to a Profit & Loss Account with a summary balance sheet added at the end.  Even experienced readers of accounts find it difficult to judge whether the charity is succeeding or failing.

Does the Charity SORP apply to me?2024-09-24T14:38:49+01:00

Yes!  There are some minor changes in the Trustee’s Report for “small” charities which are defined as those with a gross income of less than £500,000 for UK charities or €500,000 for Irish.

What is the Charity SORP?2024-09-24T14:38:49+01:00

The Charity Statement of Recommended Practice is mandatory for all charities – regardless of size. It is a 200-page A4 document of additional reporting requirements that are layered on top of FRS 102.

Unfortunately, and unintentionally, the SORP is ambiguous and poorly written.  Complying with the SORP creates financial reports which are overly complex and fail to inform the normal reader.

But that does not matter, although you may not like the SORP as a charity treasurer or advising accountant, you must comply with it. Sorry.

However, help is at hand.  We are publishing the “The Plain English Guide to Implementing the Charity SORP” at the end of the year with a RRP of £20.

Is Aedon.Accounting compliant?2024-03-04T15:32:25+00:00

Aedon.Accounting is compliant in accordance with ISO27001, FCA Regulations and is Officially Recognised by HMRC.

Does the Aedon.Accounting integrate with fundraising and donor management tools?2024-03-04T15:31:54+00:00

Aedon.Accounting Aedon has 4 Prebuilt RESTful endpoints that can be accessed to create transactions within Aedon.Accounting and can be accessed by any applications both on and off Salesforce platform.

How do I register for licenses?2024-02-02T16:38:34+00:00

Please email sales@aedon.co.

Do I require Salesforce to use Aedon.Accounting?2024-02-02T16:38:07+00:00

No, the Salesforce license and set-up is included in the price of Aedon.Accounting!

Can you offer discounts and who is applicable?2024-02-02T16:37:51+00:00

Yes, discounts are available for long term contracts and for large numbers (over 10 licenses). Not-for-Profits are also eligible for preferred rates.

Is there a minimum Aedon.Accounting subscription period?2024-02-02T16:37:32+00:00

Yes, one year.

How does Aedon.Accounting accept licence payments?2024-02-02T16:37:18+00:00

By bank transfer. Details will be provided on your invoice.

Which Aedon.Accounting plan is right for me?2024-02-02T16:37:03+00:00

Call us on 0161 262 3355 or email us on sales@aedon.co to discuss your specific requirements.

Are there any setup charges or fees when purchasing Aedon.Accounting?2024-02-02T16:36:42+00:00

No, the license price is the only fee.

Do I get a designated account manager when signing up?2024-02-02T16:36:22+00:00

Yes, an account manager will be allocated to you.

What are the system requirements for Aedon.Accounting?2024-02-02T16:36:06+00:00

Aedon is Salesforce-based and supports their chosen browser: Chrome, Safari, & Firefox.

What discounts are available for Not for Profits?2024-02-02T16:34:37+00:00

2 Free Business Class Licenses and discounts on additional licenses.

How long does it take to implement the Aedon.Accounting solution?2024-02-02T16:34:13+00:00

Obviously, it depends on the complexity and size of the organization, but a VAT quarter works well for most implementations.

Can I get help with my implementation?2024-02-02T16:33:53+00:00

There is the Aedon.Assistance Knowledge Base and Aedon.Academy for training if you wish to DIY-it

Otherwise, there is a list of approved implementation partners available on the website.

What are the methods for transferring my existing/current accounting data into Aedon.Accounting?2024-02-02T16:33:32+00:00

There are migration templates available for most of the starter packages: Xero, Sage 50, etc. and specific support will be made available if there isn’t one available for your software.

Does Aedon.Accounting offer onsite setup support?2024-02-02T16:30:33+00:00

Implementation support is available through partners, who generally are available to work on site?

When is the best time to switch accounting software?2024-02-02T16:30:12+00:00

The end of year or the end of a VAT quarter are natural migration points. However, you can changeover mid-month with a little bit of extra effort, if required.

Can you use Aedon accounting offline?2024-02-02T16:29:51+00:00

No, Aedon is only available online although you can download the data in csv format.

Can I add multiple companies to Aedon’s accounting solution?2024-02-02T16:29:11+00:00

Yes, there are 3 companies included as standard with the Business Class License, but unlimited companies can be added over that.

Can Aedon.Accounting work with other apps?2024-02-02T16:28:45+00:00

Yes, it works with all Salesforce apps natively and can be integrated to non-Salesforce apps via APIs.

Is Aedon.Accounting scalable?2024-02-02T16:28:33+00:00

Yes, it will support very large data volumes and numbers of users.

Can you access accounting data through a mobile device?2024-02-02T16:28:05+00:00

Yes, all Salesforce Apps are available in mobile format.

Do you need any training to use Aedon.Accounting software?2024-02-02T16:27:51+00:00

Experienced finance users will not need a lot of training. However, the Aedon.Academy which is free for a month with a new license provides a great grounding in the product

Does Aedon accounting software have a limited number of users?2024-02-02T16:27:38+00:00

No, you can have as many users as you need. Each of them can have different access rights and permissions according to your need.

Where can I get access to questions and answers?2024-02-02T16:27:07+00:00

The Aedon.Assistance Knowledge Base includes a wide range of support articles. If it doesn’t answer your question email support@aedon.co and we will answer you (and then write an article to fill the gap!)

What support is available?2024-02-02T16:26:11+00:00

The Aedon.Academy for training provides an excellent grounding in the software and this is supported by the Aedon.Assistance Knowledge Base with detailed articles on all aspects of the software.

However, if neither of those work, human support is available on 0161 262 0300 or via email on support@aedon.co during UK office hours.

Does Aedon.Accounting work for both accruals and cash-based VAT methods?2024-02-02T16:25:18+00:00

Yes, a company is either accruals or cash-based VAT.

Can I migrate from cash-based VAT to accruals-based VAT?2024-02-02T16:24:51+00:00

Migrating from one method to the other will require assistance. So, contact support@aedon.co if that applies to you.

Does Aedon support Irish VAT?2024-02-02T16:24:28+00:00

Yes, it will create VAT reports for both accruals and cash-based VAT but does not have automated submission.

What other countries does Aedon support for VAT and General Sales Tax?2024-02-02T16:24:01+00:00

Aedon will support any VAT or GST tax system. You will need to create a specific Tax Codes for the relevant rates and rules. In the likely event that you will support, please contact us on support@aedon.co.

Is Aedon.Accounting HMRC compliant?2024-02-02T16:23:36+00:00

Yes. The official term and the only term we are allowed to use is “HMRC recognised”. This means that we passed a range of technical tests and been reviewed and approved by HMRC themselves.

What happens if my accounting software goes down or the internet connection fails?2024-02-02T16:23:08+00:00

The answer is nothing! When the internet is restored, your accounting data will be safe and sound. All back-up and security measures are handled by Salesforce themselves to the highest available standards.

How safe is my accounting data in Aedon.Accounting?2024-02-02T16:22:51+00:00

All back-up and security measures are handled by Salesforce themselves to the highest available standards.

Who has access to the accounting software, and can I set user defined access parameters?2024-02-02T16:22:33+00:00

Your security access and permissions are created by yourself or your Systems Implementation partner. Aedon.Co does not have access to your data.

How would I cancel Aedon.Accounting if it were not right for me?2024-02-14T15:08:37+00:00

Please contact us on support@aedon.co and we will cancel it for you. If this takes place in the first year, you will also receive a full refund of your license fees.

How do I upgrade, downgrade, switch or add users to my plan?2024-02-14T15:08:29+00:00

Please contact support@aedon.co.

If I cancel my subscription/licence, how do I keep my data?2024-02-14T15:08:33+00:00

You can do a full Salesforce Data Export which holds all your accounting and other Salesforce data.

Choose your plan.

Free Forever

£0 Monthly

Full Accounting System, including:

  • Aged Sales & Purchase Ledgers
  • Bank Reconciliation
  • Bank Matching Rules
  • Bulk Posting
  • Bulk Payments
  • Manual Journals
  • Automated Approvals & Processes
  • Scheduled Receipts & Payments
  • Revenue & Expense Recognition
  • Unlimited Analysis Fields
  • Salesforce Reports & Dashboards
  • Statutory Reports
  • UK & Irish VAT (HMRC Recognised)
  • Single company
MOST POPULAR

Business Class

£95 Monthly

Everything in Economy Plan, plus:

  • Automated Bank Feed
  • Multi Company Consolidation
  • Multi Currency
  • Budget Journals
  • Unlimited Budget Types
  • Recurring Invoices
  • Reversing & Recurring Journals
  • 3 Companies (more available)

Plus:

  • Telephone Support

  • Remote Access Support

  • Case Priority

  • Annual Healthcheck

  • Reviewer Licenses: £25 p/Month

  • Additional Companies: £50 p/Month

  • 2 Free Licenses for Not For Profits

Economy

£75 Monthly

Full Accounting System, including:

  • Aged Sales & Purchase Ledgers
  • Bank Reconciliation
  • Bank Matching Rules
  • Bulk Posting
  • Bulk Payments
  • Manual Journals
  • Automated Approvals & Processes
  • Scheduled Receipts & Payments
  • Revenue & Expense Recognition
  • Unlimited Analysis Fields
  • Salesforce Reports & Dashboards
  • Statutory Reports
  • UK & Irish VAT (HMRC Recognised)
  • Single company

All plans include:

  • Knowledge Base​
  • YouTube Videos
  • Email Support​
  • ‘Drop-in’ (office hours)

  • Salesforce Trailhead​

  • Aedon User Community
  • Salesforce Community

12 Month Warranty

No quibble guarantee for all your license fee costs.

2 & 3 Year Contracts are Available. Prices are subject to Aedon.co Limited’s Terms & Conditions.

Get Aedon.Accounting Today!

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