Question 1

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

Accepted Answer

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.

Question 2

How does AccuraCy AI scan invoices in Greek and English?

Accepted Answer

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).

Question 3

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

Accepted Answer

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.

Question 4

Which Cyprus banks are supported for automatic bank reconciliation?

Accepted Answer

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