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  • FIFO - principle

    When trading stocks, it is important to understand the principles of accounting to ensure accuracy and compliance with accounting standards. One such principle is FiFO, which stands for "First In, First Out". This principle dictates that the first shares purchased should be sold first. In other words, when you sell shares, the oldest shares you've purchased are sold first. And this affects the calculation of gain/loss on sales. The implementation of the FiFO principle can be challenging, especially for investors with complex portfolios or frequent transactions. Keeping track of purchase prices, the number of shares, and the timing of each transaction can be a daunting task. This is especially true when you must document and follow the FiFO principle for financial reporting and tax purposes. One way to simplify this process is to use Dynamik. By automating the bookkeeping of stock transactions, Dynamik can help ensure accuracy and compliance with the FiFO principle. The system automatically tracks your trades, updates your holdings, and identifies which stocks/funds to sell first when you execute sales transactions. Dynamik: Efficient solution for bookkeeping shares Dynamik is a versatile software that not only simplifies the bookkeeping of securities transactions such as buying/selling shares, funds and dividends, but also offers a number of other useful features for accountants and investors. Using Dynamik, you can: 1.       Automate bookkeeping: Dynamik automates the bookkeeping of stock transactions, saving time and reducing the risk of human error. 2.      Portfolio tracking: The software gives you easy access to information about your entire portfolio, including inventories, cost price, and performance reports. 3.     Generate accurate reports: Dynamik can generate detailed reports on your investments, helping you gain insight into your portfolio's performance and make informed decisions. 4. Compliant with accounting standards: By adhering to the FiFO principle and other accounting standards, Dynamik helps you ensure accuracy and compliance in your accounting. All in all, Dynamik enables investors to effectively manage their investments, and meet accounting requirements. By using this software, you can rest assured that your accounting is accurate and that you have full control over your financial transactions. Book a demo now, and we will show you the magic in Dynamik

  • Dynamik: The Transformation of Financial Management

    The Dynamik adventure started back in 2018, when the four founders had an idea to create a tool that could revolutionize bookkeeping and control over financial instruments. All four were experienced economists with a solid background in accounting. After many years as accountants, they had seen the need in the market and decided to fill it. Their story is a tale of innovation and perseverance, where the need for a better system drove them to create something new and groundbreaking. They had seen how companies struggled to use inefficient tools like Excel or inappropriate accounting systems to manage financial portfolios. The need for a more tailored solution was clear, and Dynamik was born. The founders of Dynamik - Sveinung, Werner, og Henry With support from investors and Innovation Norway, the journey began. The capital and trust they received gave them the drive to realize their vision. They set about developing a software that would link the flow of information from the broker to the accounts, and create a solid foundation for handling financial transactions. One of Dynamik's key successes lies in its ability to combine ongoing accounting with continuous product development. The close interaction between accounting and IT has made it possible for them to get immediate feedback, and to make continuous improvements both on the accounting and reporting front. Today, Dynamik has grown to become a solid environment with a mix of economists and technologists. The dedicated team with expertise across all areas of the product is ready to conquer the market with its proven solution. The name Dynamik symbolizes not only their ability to offer a tool that changes the interaction between investors, brokers and accounting offices, but also their dynamic approach to work. It represents a continuously changing landscape where actors influence each other and develop their understanding in the process. Finally, why Dynamics with a "k"? The answer is simple: because they liked it. The name with its uniqueness has grown on them, and it fits perfectly with the unique product. It is a symbol of the desire to stand out and drive innovation in the industry. Dynamik is not only a story of success, but also an inspiration for everyone who dreams of changing the rules of the game and creating something exceptional. The journey emphasizes the importance of identifying needs, trusting one's vision and never stopping striving for perfection. With Dynamik, they have not only changed the rules of the game, but created a completely new game.

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