Cloud Accounting Software Development

Double-entry general ledger with configurable chart of accounts built to your business structure -- your account hierarchy, your cost centre structure, and your reporting segments. Journal entry workflow with mandatory supporting reference, approval routing by value threshold, and a complete audit trail showing every entry, every amendment, and every reversal with the user, date, and reason recorded. Automated journal generation for recurring entries -- standing journals for monthly accruals, depreciation schedules calculated from the asset register, and inter-company allocation journals run on a defined schedule. Suspense account management with automated alerts when uncleared items exceed configured thresholds or ages. The ledger foundation that every other financial process in the system depends on.

Entity management covering all legal entities in your group -- trading companies, holding entities, dormant subsidiaries -- each with its own chart of accounts mapped to the group reporting structure. Inter-company transaction recording with automatic creation of the reciprocal entry in the counterpart entity, eliminating the manual re-entry that creates reconciliation differences at consolidation. Consolidation engine that eliminates inter-company balances and transactions across the full entity structure, applies minority interest calculations, and produces consolidated financial statements without manual spreadsheet work. Entity-level and consolidated reporting in one system, with the drill-down from the consolidated P&L to the individual entity and then to the individual transaction available without switching between reports.

Transaction recording in any currency with exchange rate management covering spot rates at transaction date, average rates for period reporting, and closing rates for balance sheet translation. Unrealised and realised foreign exchange gain/loss calculation -- unrealised gains and losses on open balances at each period end, realised gains and losses calculated and posted at settlement. Functional and presentation currency support for entities that transact in a different currency from the one they report in. Currency revaluation run at period end across all open foreign currency balances, with the revaluation journal posted automatically and reversed at the start of the next period. Exchange rate feed integration from market data providers so rates are updated automatically rather than maintained manually.

Bank feed integration pulling transactions from your accounts automatically using open banking connections or direct bank file import, with transactions matched against uncleared ledger entries using amount, date, and reference matching rules. Automated matching for transactions that have a clear one-to-one correspondence -- the payment from the bank statement matched to the supplier invoice in the ledger without requiring manual review. Exception queue showing unmatched bank transactions and uncleared ledger entries for manual review and matching, with filters and search to find the corresponding entry quickly. Reconciliation statement produced automatically when all items are matched, showing the ledger balance, the bank statement balance, and the timing differences, ready for sign-off. Bank reconciliation status visible across all accounts at any point in the period, not just at month end.

Period close checklist with each task assigned to the responsible team member, with the system enforcing the sequence -- bank reconciliations must be complete before the trial balance is produced, the trial balance must be reviewed before the month-end journals are posted. Prepayment and accruals management -- prepayments calculated and spread over the relevant periods automatically, accrual amounts entered once and released in the configured pattern without manual re-entry each month. Depreciation schedule run at period close from the asset register, with the depreciation journal posted automatically and the net book value updated. Period lock preventing posting to closed periods without an explicit override and approval, keeping the comparative figures clean after reporting is complete. Close calendar showing open and closed periods across all entities, with the close status visible to the finance team and management.

Management accounts in the format your board and investors use -- P&L by segment and consolidated, balance sheet, cash flow statement, and the supporting schedules your reporting pack requires. Budget vs actual variance reporting with drill-down from the summary variance to the individual transactions driving it, available throughout the period not just at month end. Custom report builder allowing the finance team to define new reports against the ledger data without requiring developer involvement -- new KPI dashboards, new cost centre reports, and new comparative analyses built in the reporting module. Regulatory reporting in the format your jurisdiction requires -- VAT return figures extracted from the ledger, corporation tax working papers, and statutory account schedules produced from the ledger data without manual recompilation. Report scheduling and automatic distribution to stakeholders by email on a defined timetable.