5. Books and statements

Documents post themselves; see statements any day; close periods

1. 1Ledger — Every entry made from documents, plus your own adjusting entries
2. 2Statements — Profit and loss, balance sheet; pick a period, compare with last year, filter by cost centre
3. 3Receivables / payables — Ageing shows how long amounts have been open
4. 4Close the period — Your accountant reviews and closes; a closed period cannot be edited; reopening needs a reason

Statements support your bookkeeping; your accountant must review them. Invite your accounting firm as a member.