- Chart of accounts
- Every document in the system lands on a posted voucher
- 8 voucher types
- Sales, purchase, receipt, payment, contra, journal, credit note, debit note
- The statements
- Day book, ledger, trial balance, profit & loss, balance sheet
- Party ledger
- Opening balance, running balance, closing — Dr, Cr, and who owes whom
- Outstanding & ageing
- Who has not paid, and how long they have not been paying
- Bank reconciliation
- Upload the statement, match it against the entries
- Cash book & cash flow
- Where it went, and a projection of where it is going
- Cost centres & budgets
- Budget against actuals, taken from the entries themselves
- Multi-currency
- Rate table and a revaluation that posts its own voucher
- Payment performance
- Which customers pay on time and which only say they will
- Cheque printing
- Print on your bank’s stationery instead of writing it out
- Audit log
- Vouchers keep a record of who changed them