Myadvisor reporting tool is available as an additional service for accounting offices using Procountor.
In this article, we'll go through the steps for logging in to Myadvisor and the settings that need to be checked before creating reports.
Instructions on taking Myadvisor into use can be found here.
We recommend using Myadvisor with some other browser than Internet Explorer, such as Google Chrome.
1. You can login to Myadvisor directly from the link below:
From Myadvisor login page, you will first be directed to Procountor login, where you authorize Myadvisor to use Procountor’s interface. The authorization is done with your Procountor username and password.
2. After typing in your login credentials, choose the company you want to create reports for. All companies to which you have user rights in Procountor are shown in the company menu.
4. In the first login, Myadvisor asks you to fill in the invoicing information. This information will be used in the invoicing of all customer companies for which you have activated the use of Myadvisor. If the accounting office has Myadvisor in a free of charge trial use, invoicing will start once the trial use has ended.
It is the accounting office’s responsibility to make sure they have permission to fetch their customer company’s data through Procountor’s data transfer interface for creating reports in Myadvisor.
After logging in to Myadvisor, the user will be directed to the front page where they can create reports and access the company’s settings. Before creating the first report, the company settings and account mappings need to be checked.
The language of the user interface can be changed through the globe icon on the upper right corner of the page. At the moment, the language options are Finnish, English and Swedish. Myadvisor creates reports in the language the user has chosen as the language of the interface.
On the Company List view (which can be accessed through Myadvisor menu at the top of the page), there’s a list of companies that have been added to the accounting office’s Myadvisor subscription. Next to each company’s name, there are buttons for creating a new report, viewing existing reports, editing the company’s settings or removing the company from the accounting office’s Myadvisor subscription. More information on removing a company from Myadvisor subscription can be found here.
On the list, the user can see which companies’ information they have the right to manage and which are managed by another user.
On the company list, there’s Continue button shown on such customer companies that haven’t been confirmed to be added to Myadvisor subscription yet.
New companies can be added through the Company List view by clicking on Add company > Go to Procountor login. The button will direct the user to Procountor API page, where they type in their Procountor login credentials, after which they can choose the company that will be added to Myadvisor.
Client settings and account mapping
On Client Settings view (which can be accessed by choosing option Client Settings in the menu found next to the customer’s name on Company list view) the user can add a logo for the customer. The logo can be added either by dragging the picture into the Client logo field or by clicking on the pencil icon on the upper right corner of the field to upload a file.
Account settings can be edited on Account Mapping view, which can be accessed by choosing option Account Mapping in the menu found on the left side of Client Settings view. The chart of accounts is automatically imported from Procountor to Myadvisor and Myadvisor links the accounts to categories according to the default settings. On the Account Mapping view, each account has a category and subcategory determined according to the default settings.
Settings of the chart of accounts need to be checked before creating reports so that accounts will be linked to correct categories on reports. Categories affect the recommendations generated by Myadvisor, which is why it is important to check them. When running the first report, it’s recommended to compare the numbers on Myadvisor report to the ones in Procountor.
If there are accounts that haven’t been linked to any category, Myadvisor will notify the user about this and ask them to check the mappings. The accounts that haven’t been linked will be shown in the listing marked in red color. If a new account is added to the chart of accounts in Procountor, the account will be shown in Myadvisor unlinked and Myadvisor will ask the user to check the mappings.
Expense items can be transferred from one expense group to another within a category if needed. For example, variable salaries can be transferred to purchases, after which they will be included in the calculation of sales margin.
If a lot of changes have been done to the mappings of accounts and the mappings need to be reverted back to the default ones, this can be done using the Reset button.
Practice settings and subscriptions
The accounting office's own settings can be modified on Practice Settings view, which can be accessed by choosing option Practice Settings from the Myadvisor menu at the top of the page. On this view, the user can change the accounting office’s logo, which will be shown on reports delivered to the customer company.
On the same view, it's possible to add and modify the disclaimer, which will be shown on the customer company’s reports. In the disclaimer, it can be mentioned, for example, that the report is based on the data the customer has provided the accounting office, and that the accounting office is not responsible for the business decisions made based on the reports.
On Subscriptions view (which can be accessed by choosing option Subscriptions from the menu on the left side of the Practice Settings view) the user can edit the accounting office's Myadvisor subscription and cancel the subscription. More information can be found here.