Sumly is AI-powered bookkeeping software designed specifically for Cyprus businesses, connecting your bank, automating transaction sorting, and preparing VAT, VIES, and tax returns. Customers save an average of €3,000 and 100+ hours yearly by leveraging AI to categorize expenses, match receipts, and flag deductions.
Key benefits include:
- AI-powered transaction handling: Automatically categorizes bank transactions, matches receipts to payments, and flags items requiring review.
- Cyprus-specific tax preparation: Generates VAT, VIES, and tax returns tailored to Cyprus tax rules, with official VAT codes mapped to return boxes.
- Multi-bank integration: Connects to major Cyprus banks (Bank of Cyprus, Hellenic Bank, Eurobank, etc.) for real-time bank feed reconciliation.
- Document automation: AI reads receipts, bills, and emails to book transactions per Cyprus tax regulations, maximizing deductions.
- Branded invoicing: Create professional invoices with logos, automatic VAT per line, and payment matching to invoices.
- Payroll management: Calculate Social Insurance and GHS for employees, generate monthly payslips, and post to ledgers automatically.
- AI assistant: Answers financial questions, cross-checks documents against books, and suggests corrections.
- Free migration & trial: 30-day free trial with no credit card required, plus free migration from existing accounting systems.
Perfect for Cyprus limited companies, founders, and accountants seeking to automate bookkeeping, reduce tax preparation time, and save costs.
