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LIQUID INTEGRATIONS
Integrate with the tools you already use
You don't have to re-enter the data you already have. For example, you can already easily import all types of data into Liquid from the most popular software packages. And recently, we also have real-time API integrations with Twinfield and Exact Online. So handy.
Accounting link: .XAF audit files vs API
There are two options for linking your accounts to Liquid: by uploading an .XAF audit file, or with a direct API link. With almost any accounting package in the Netherlands, you can export an Audit file.
With both options, Liquid gets access to the basic data. For some advanced features in Liquid, you need an API connection. And the good news is that we are adding more and more real-time API links to Liquid
Functionalities
Synchronizing
Import ledgers
Import relationships (creditors/debtors)
Realization
Profit & Loss realization
Realization of the balance sheet account
Cashflow realization
Outstanding items (OPL)
Underlying invoices
Forecasts
Standard forecasts
(W&V, Cash Flow, Balance Sheet)
(W&V, Cash Flow, Balance Sheet)
Automatic Rolling Forecast
.XAF Audit File
Most accounting packages
Manual upload
API Integration
Twinfield & Exact Online
Automatic synchronization
Features
Number of users
Total credit limit
Individual user analytics
Behaviour analytics
Reporting
Daily reports
Weekly reports
Monthly reports
Custom reports
.XAF Audit File
Most accounting packages
Functionalities
Synchronizing
Manual upload
Import ledgers
Import realizations (creditors/debtors)
Realization
Profit & Loss realization
Realization of the balance sheet account
Forecasts
Standard forecasts (S&V, Cash Flow, Balance Sheet)
API Integration
Twinfield & Exact Online
Functionalities
Synchronizing
Automatic synchronization
Import ledgers
Import realizations (creditors/debtors)
Realization
Profit & Loss realization
Realization of the balance sheet account
Cashflow realization
Outstanding items (OPL)
Underlying invoices
Forecasts
Standard forecasts (S&V, Cash Flow, Balance Sheet)
Automatic Rolling Forecast
Liquid works on the basis of RGS
What is RGS?
RGS (Reference Ledger Schedule) is a Dutch standard for structuring accounting data. It is a taxonomy to organize all ledger accounts ('categories') within an administration. This is done by assigning an RGS code to each ledger account so that other software knows what is in the ledger account (for example, “turnover” or “costs”).
What does Liquid do with RGS?
In Liquid, we use RGS to put all the ledger accounts (“categories”) in your bookkeeping in the right place. In this way, we always generate comprehensive Profit & Loss, Cash Flow and Balance Sheet Reports and Forecasts.
Do I need RGS to work with Liquid?
No, RGS is not a requirement to work with Liquid. If you're working with our default template to make forecasts, it's already set up correctly. RGS is an advantage for linking your accounts, but it is also possible to (once) assign an RGS mapping to the ledger accounts in your administration in Liquid direct.
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