Books that stay current, and VAT returns prepared from them
The general ledger, the bank and VAT in one set of books. Statements in any layout are read and checked, lines are coded by rules, history or an AI suggestion you accept, and the VAT return is prepared from what the ledger holds.
Who uses it
- Business owner
- Bookkeeper
- Finance manager
- Accountant
What it does
- Chart of accounts, journals, the cash book and bank reconciliation.
- Bank statements as PDFs, scans, photos, spreadsheets or bank exports, checked against the running balance.
- VAT returns prepared from the ledger, with the VAT settlement journal.
- Budgets and management accounts, two tracking categories on every journal line, and projects with job costing.
- Foreign-currency invoices, bills and bank accounts, with realised and unrealised exchange differences.
- Entity groups: a consolidated trial balance and statements.
How it works
- Set up the chart and opening balances, or migrate from your old ledger.
- Upload bank statements; code the lines and reconcile.
- Close the VAT period: the return is prepared from the ledger.
- Report: budgets against actuals, tracking categories, projects.
The controls that protect it
- AI suggestions never post on their own: a person accepts each one.
- Your accountant reaches your books only through the appointment you gave.
What it does not do (yet)
- The VAT return is prepared here and filed by you or your accountant on eFiling.
- Bank feeds are in beta; statements can always be uploaded.
