Manage Your Accounts
The Chart of Accounts includes all your asset, liability, equity, income, and expense accounts. Choose from dozens of fully customizable templates based on your industry, or use one provided by your accountant.
Define retainers, escrows, and trusts per customer, receive and spend funds, request replenishments, and provide statements when requested.
Each line item on a transaction can be applied to one or multiple departments so that your reporting is laser-focused. Each contact card gets assigned a default department which can be overwritten, when necessary, on specific transactions.
You didn’t go to school to become an accountant, yet here you are managing balance sheets, P&Ls, and cash flow. AccountEdge is a double-entry system your accountant will love because it’s easy to use and will even help you understand what you missed in college.
Keep track of receipts and payments made in foreign currencies and record gains or losses on currency fluctuations.
Customize and view balance sheets and profit & loss reports for your business. Reports also include budget, department, mileage, and business insights reports.
Job and Project Tracking
Use job tracking to manage projects with sub-jobs and define a budget per job. Allocate transaction line items to one or many jobs by amount or percentage, then see a complete list of job transactions.
Lock periods prevent you from inadvertently making entries in a period you don’t want to change. This option is great to safeguard against making entries in a period that is being or has been, reviewed by your accountant.
Custom Transaction Numbers
Define your own unique transaction number structure for sales and purchases. Identify them by date, employee, or any other sequence.
Enter your opening balances when you create your company file or after you start recording transactions.
Create credit memos to record returns or offer your customers a credit that can be applied to a future invoice.
Record Journal Entries
Easily record journal entries to keep your general ledger accounts up to date.
Define recurring transactions based on your unique billing or payment schedule and frequency. Create a reminder for a specific user or automatically record the transaction.