Is there a free accounting software for Cyprus freelancers and sole traders?

Yes! AccuraCy provides a 100% Free Forever plan for Cyprus sole traders and freelancers, including 20 AI document scans/month, automatic bank reconciliation (wamo, Bank of Cyprus, Revolut), invoicing, and Tax For All VAT-4 preview.

How does AccuraCy AI scan invoices in Greek and English?

AccuraCy uses multimodal vision AI trained on Cyprus store receipts, utility bills (EAC / CYTA), and invoices. It extracts TIC/VAT numbers, dates, and splits line items across Cyprus VAT rates (19%, 9%, 5%, 0%, Article 11B reverse charge).

Does AccuraCy generate official Tax For All (TFA) VAT-4 returns?

Yes. AccuraCy automatically calculates all boxes of the official Republic of Cyprus VAT-4 Return and generates XML/CSV exports compliant with the Cyprus Tax Department portal.

Which Cyprus banks are supported for automatic bank reconciliation?

AccuraCy supports major Cyprus financial institutions: Bank of Cyprus (1bank), Hellenic Bank, wamo.io, Revolut Business, Eurobank Cyprus, and Wise.

How does AccuraCy’s AI scan invoices and receipts in Greek (Ελληνικά) and English?

AccuraCy uses multimodal vision AI trained on Cyprus retail receipts, utility bills (EAC / CYTA), tax invoices, and cross-border SaaS invoices. It accurately reads handwritten or printed text in both Greek (Ελληνικά) and English, automatically extracts the Cyprus TIC/VAT number (e.g. CY10382914K), supplier name, date, invoice number, and splits line items across Cyprus VAT brackets (19% standard, 9% reduced, 5% basic, 0% exempt, or Article 11B reverse charge).

Which banks in Cyprus are supported for automatic bank reconciliation?

AccuraCy integrates with major Cyprus financial institutions: wamo.io (direct corporate account feed), Bank of Cyprus (1bank statement & open banking sync), Hellenic Bank, Revolut Business, Eurobank Cyprus, and Wise. Our AI reconciliation engine matches incoming and outgoing transactions to your unpaid bills and sales invoices with 100% audit confidence.

Does AccuraCy generate official Tax For All (TFA) VAT-4 returns and VIES statements?

Yes. AccuraCy automatically calculates all boxes of the official Republic of Cyprus VAT-4 Return (Box 1 Output VAT, Box 4 Input VAT, Box 6 Total Sales, Box 8 EU Acquisitions, Box 10 Intra-Community Supplies, Box 11B Reverse Charge) and generates XML and CSV exports compliant with the Cyprus Tax Department portal. It also prepares monthly VIES recapitulative statements for EU intra-community B2B sales.

How is AccuraCy localized for Cyprus compared to global software like Xero or QuickBooks?

Global tools like Xero or QuickBooks were designed for UK/US tax systems and do not support Cyprus Tax Department (TFA) schemas, Greek invoice OCR, SISnet social insurance fixed-width flat files, or Cyprus reverse charge laws (Articles 11B/11E). AccuraCy was engineered exclusively for the Republic of Cyprus, featuring full native Greek/English language switching and 2026 Cyprus statutory compliance out of the box.

Does AccuraCy calculate 2026 Cyprus Social Insurance (SISnet) and GESY payroll contributions?

Yes. AccuraCy includes full Cyprus 2026 statutory payroll calculations: Employee Social Insurance (8.8%), GESY (2.65%), Employer Social Insurance (8.8%), Employer GESY (2.90%), Redundancy Fund (1.2%), Industrial Training (0.5%), and Holiday Fund (8.0%). It generates both human-readable CSV schedules and official positional flat-files for instant SISnet upload.

New: Free Forever Tier for Cyprus Freelancers & Sole Traders€0 / mo

Cyprus Accounting & Payroll. Engineered with Mathematical Precision.

Multimodal AI parses Greek and English store receipts, matches Bank of Cyprus & wamo statements, and computes official Tax For All (TFA) VAT-4, VIES and SISnet filings. Free tier available with zero credit card required.

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No credit card required • Instant setup • 100% compliant with Republic of Cyprus tax legislation

AI Greek & English OCR

Scans Cyprus retail POS slips, utility bills & PDFs with automatic TIC validation.

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Free Tier (€0 Forever)

Up to 20 documents/month free. No trial expiry, no credit card required for sole traders.

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Cyprus Bank Reconciliation

Bank of Cyprus, wamo.io, Hellenic & Revolut live match with 100% confidence.

Explore bank sync

Tax For All VAT-4 & VIES

Boxes 1 to 11B computed automatically. Download XML/CSV ready for TFA portal upload.

View VAT-4 rules

Real Ingestion Pipeline: Cyta Document Arrival → Closed Double-Entry Books

Receipt Arrival

Photo, PDF or email forward.

CYTA TELECOM

Ref: #CY-98421

€248.58

Multimodal OCR

Understands Greek & English.

Net:€208.89

VAT 19%:€39.69

Code:#6020

Ledger Entry

Balanced double-entry journal.

Dr #6020 €208.89

Dr #2110 €39.69

Cr #2000 €248.58

Diff:€0.00 (Balanced)

Tax For All (VAT)

Official Cyprus tax boxes.

Box 4:+€39.69

Box 7:€208.89

Cryptographic Lock

Audit-proof SHA-256 seal.

VAT-4 Reconciled

Bank Reconciled

Hash Chained

Document Arrival & Ingestion

Drag and drop PDF/photo, forward to [email protected], or snap via mobile.

Automates the exact compliance reports required by Cyprus Authorities:

VAT-4 (Tax For All)VAT-4BVIES European StatementTD7 & IR7 (Inland Revenue)SISnet (Ministry of Labour)IR63 / TD63TD59ERGANI Portal

AccuraCy Community Initiative

Are you a Freelancer or Sole Trader in Cyprus?

Unlike traditional software that forces 14-day trials and expensive monthly fees, AccuraCy offers a 100% Free Forever tier for up to 20 documents/month. Process your bills, preview your VAT-4 return, and share books with your accountant at zero cost.

Compare Rivals Start Free (No Card)

Official Cyprus Tax Department Engine

Cyprus VAT-4 Return,
Aggregated Directly From Your Books.

Never retype numbers. Every single box in the VAT-4 return is computed from the underlying ledger. Click any box to drill down into the exact invoices and receipts behind it.

Quarter: Group B (Q3 2026)Tax For All Ready

Form VAT-4 (Official Calculation Boxes)

Click any box to inspect

2VAT on goods bought from other EU states

€1,207.40

3Total VAT Due (Box 1 + Box 2)

€19,650.01

5Net VAT to Pay (Box 3 − Box 4)

€8,331.24

Underlying Audit Proof

100% Reconciled

Box 4: Claimable Input VAT (€11,318.77)

All deductible business expenses with standard 19% and reduced rates in Cyprus.

Cyta Telecommunications bill

#CY-98421

€39.69

Electricity Authority of Cyprus (EAC)

#EAC-5510

€97.78

IKEA Cyprus office equipment

#IK-4421

€78.40

Google Cloud EMEA invoices

#GCP-8841

€112.50

...and 214 more verified line itemsView in ledger

Articles 11, 11B, 11C & 11E: AccuraCy automatically detects reverse charge criteria on foreign invoices, balancing VAT input and output simultaneously.

Cyprus Payroll 2026 Engine

Cyprus Payroll, From Pay Run to Government Portal.

Automate Social Insurance, GESY, Redundancy, Training and Social Cohesion funds. Generate official payslips and download pre-formatted SISnet, TD7 and IR7 upload files in one click.

Interactive Salary Simulation (2026 Rules)

Monthly Gross Pay (Per Staff):€3,200

€1,200 (Min. Wage)€5,464 (SI Cap)€9,000

Number of Employees:1

Every Fund, Every Limit: Capped Social Insurance (8.8%), GESY (2.65%/2.90%), Redundancy (1.2%), Training (0.5%), and Social Cohesion (2.0%).

13th Salary & Benefits in Kind: Compliant handling of company cars, housing, and 13th month bonuses according to Cyprus Inland Revenue specs.

SISnet & TD7 Export: One-click file generation ready to upload directly into the Ministry of Labour portal.

Approved

Gross Pay (1 staff):€3,200.00

Employee Deductions

Staff Social Insurance (8.8%):-€281.60

Staff GESY / Healthcare (2.65%):-€84.80

Staff Income Tax / PAYE (Est.):-€266.73

Total Net Pay to Staff:€2,566.87

Employer Contributions

Employer Social Insurance (8.8%):€281.60

Employer GESY (2.90%):€92.80

Redundancy Fund (1.20%):€38.40

Industrial Training (0.50%):€16.00

Social Cohesion Fund (2.00%):€64.00

Total Cost to Company:€3,692.80

PSD2 Live Open Banking • Republic of Cyprus

Direct Bank Feeds That Reconcile Overnight.

While other software forces you to manually download and upload CSV or PDF statements every month, AccuraCy connects directly to Bank of Cyprus, Hellenic Bank, Revolut and wamo via secure Open Banking.

Bank of Cyprus • Corporate EUR Feed

Live Feed Active

Automated sync every 6 hours via GoCardless PSD2

Today, 09:14

Cyta Telecommunications

100% match•Live Feed: Matched to bill #CY-98421 (Exact amount & vendor)

-€248.58

Yesterday

JCC Card Settlement (POS Terminal)

98% match•14 sales closed, €32.12 fees booked to #6060 JCC Charges

+€3417.88

08 Sep

OpenAI API Technologies

96% match•USD $20.00 matched with daily ECB official exchange rate

-€20.76

11 Sep

Social Insurance Services (SISnet)

100% match•Matched approved August payroll filing #SIS-2026-08

-€9881.94

15 Sep

Electricity Authority of Cyprus (EAC)

99% match•Rule memory: EAC recognized as #6030 Electricity & Heat

-€612.40

100% Reconciled • All bank statement lines match the Cyprus general ledger

Unreconciled Difference: €0.00

Designed for Cyprus Audit & Accounting Firms

One Unified Dashboard. Complete Multi-Tenant Control.

Manage your entire client portfolio without juggling separate passwords or spreadsheets. Minutes saved on each client compound into hundreds of billable hours for your practice.

Discrete Client Workspaces

Instantly switch between client organizations. Each keeps its own chart, VAT quarters, and custom numbering with strict server-enforced isolation.

Configurable Module Switch

Managing a pure Cyprus holding company with zero VAT and no payroll? Turn off the tax and payroll modules server-side with zero clutter.

Firm-Wide Heuristic Memory

Define a vendor classification rule for Cyta or EAC once, and AccuraCy learns your firm's chart conventions across all client companies.

Cryptographic Audit Trail

Transactions extend an immutable SHA-256 hash chain. Retroactive modifications in closed periods are immediately surfaced during audits.

Custom 9-Digit Charts

Import legacy trial balances, flat nine-digit codes, and customer balances directly from Excel without retraining your staff on new chart templates.

Verified Period Locks

Override posts in a signed-off quarter require an explicit reason and permanent accountant identity recording in the compliance logs.

Transparent Tiers. Exceptional Value.

Start for free. Upgrade as your transaction volume and team grow.

Free Forever

Solo Freelancer

€0/ month forever

Up to 20 documents/month. For sole traders, contractors, and freelancers.

Full AI OCR in Greek & English
Cyprus VAT-4 Return automated preview
1 Bank Account auto-reconciliation
No credit card needed

Create Free Account

Pro Business

€24/ company / month

Up to 200 documents/month. For active trading companies and e-commerce.

All Free Tier Features
200 AI-Processed Invoices & Receipts
Cyprus VIES Monthly Statements
JCC & Stripe Payout Matching

Start Pro Trial

Practices

Accounting Firms

€14/ client avg / month

For practices looking after 10+ client companies.

Master Portfolio Login
Custom Chart of Accounts Mapping
Practice-wide AI learning
Dedicated local support

View Firm Discounts

Cyprus Accounting & VAT FAQ

Frequently Asked Questions for Cyprus Businesses

Everything you need to know about our Free Tier, Greek AI OCR, bank reconciliation, and Cyprus Tax Department (TFA) compliance.

Yes! AccuraCy offers a 100% Free Forever plan specifically for Cyprus sole traders, self-employed consultants, and micro-startups. It includes up to 20 AI document scans/month, automatic bank reconciliation for 1 bank account (wamo, Bank of Cyprus, Hellenic, or Revolut), sales invoicing, and Tax For All VAT-4 preview without requiring a credit card or expiring trial.

Ready to automate your Cyprus bookkeeping?

Start with €0 Free Forever. Up to 20 documents/month, no card required.

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Ready to experience effortless Cyprus accounting?

Join hundreds of Cyprus professionals and accounting practices saving hours every month.

Claim Free Freelancer Account (€0)Try Interactive Demo