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Account 1000 — GL · Journals · Tax · Multi-currency

Accounting that refuses to be wrong

A posting engine that only accepts balanced journals, a general ledger where every figure traces to its source document, and reports that tie out to the trial balance — in whichever currency your books are kept.

No. 01The ledger

Every number traceable to a posting

When the auditor asks "where does this figure come from?", the answer is a drill-down, not a spreadsheet hunt.

  • ✓Double-entry posting engine — unbalanced journals are rejected, not warned about
  • ✓Chart of accounts you control, seeded ready-to-post on day one
  • ✓Journal vouchers with dimensions for branch-level analysis
  • ✓General ledger, journal register and trial balance always in agreement
  • ✓Several organizations under one login, each with its own books and base currency
Journal voucherPosted
Trade receivablesDr 19,293.75
Revenue — servicesCr 18,375.00
VAT output tax — 5%Cr 918.75
Totals — AED19,293.75 / 19,293.75
No. 02Multi-currency

Foreign currency without the month-end scramble

Buy in one currency, sell in another, report in your own. Rate sets govern every conversion, so nobody types a rate onto an invoice.

  • ✓Your base currency is chosen when the organization is created — 17 currencies ship ready to use
  • ✓Exchange-rate sets with a submit → approve workflow, copied forward each period
  • ✓Currency revaluation runs post unrealized gains and losses automatically
  • ✓Reversible revaluations — a bad rate never becomes a permanent mistake
  • ✓FX rate usage and revaluation reports show exactly what moved and why
Revaluation — AugustPosted
USD receivables@ 3.6725+3,240.00
EUR payables@ 4.0212+880.00
GBP bank account@ 4.6810−412.00
Net unrealized gain — AED3,708.00
No. 03Banking & cash

The bank statement and the ledger, finally agreeing

Reconciliation finds the AED 2,250 before your accountant bills you three hours to find it.

  • ✓Bank and cash accounts with transfers between them
  • ✓Import a statement and let auto-matching pair it against the ledger
  • ✓Matched, unmatched and differences left on screen until you settle them
  • ✓Cheque management — issued, presented and cleared, each with its posting
  • ✓Transaction registers for every account, filterable by branch
  • ✓Cash-flow and bank-balance reports from the same records
Reconciliation — ENBD current2 unmatched
Statement balance402,180.00
Ledger balance399,930.00
Unmatched receipts2 items
Difference — AED2,250.00
No. 04Tax

Tax figures your accountant can trace

Filing season becomes an export, not an archaeology project — whichever authority is asking.

  • ✓Define your own tax codes: rate, inclusive or exclusive calculation, recoverable percentage, input or output
  • ✓UAE VAT at 5%, VAT or GST elsewhere — the engine does not assume a jurisdiction
  • ✓Tax codes applied on invoices, bills and journals
  • ✓Tax summary report — output against input tax for the period
  • ✓Tax-code activity report shows every document behind every figure
  • ✓Tax lines post to the ledger like everything else — no side calculations
Tax summary — Q3Ready
Output tax — sales64,120.00
Input tax — purchases41,380.00
Net tax payable — AED22,740.00
Every line drills to its documents
No. 05Reporting

Twenty-nine reports. One source of truth.

Every report reads the same postings the trial balance reads — downloads can never disagree.

  • ✓Balance sheet, P&L, cash flow, changes in equity, working capital
  • ✓Trial balance, general ledger, journal register, ageing, registers
  • ✓Saved presets and point-in-time snapshots for board packs
  • ✓Posting audit and login audit — who did what, always answerable
  • ✓Exports and branded PDFs, with digital signature and company stamp
Report catalog29 reports
Balance sheetas of 31 Aug
Profit & lossAug · by branch
AR / AP ageing30 / 60 / 90
Executive summarysnapshot saved

The ledger is fed by sales — see the flow