This is the heart of it all. CustomBooks™ is a complete double-entry Cloud Accounting system. It comes fully complete with a General Ledger, Journal Entries and a customizable Chart of Accounts that is hierarchical.
Journal Entries Adding a Journal Entry Navigate to Accounting → Journal Entries. Click Create / New. Enter a Number for the Journal Entry (1, in screenshot below). If left blank, this will auto-populate with the next sequential number. Verify or ...
Chart of Accounts The Chart of Accounts is a listing of all the accounts in the general ledger, each account accompanied by a reference number. To set up a chart of accounts, one first needs to define the various accounts to be used by the business. ...
Overview A well-structured chart of accounts (COA) is essential for any business to maintain accurate financial records. The COA serves as the backbone of an accounting system, categorizing financial transactions into meaningful groups. CustomBooks™ ...
Cash Basis accounting registers were updated in 2024 and early 2025 to align with the American Institute of Certified Public Accountant’s (AICPA) “modified cash basis”, simply referred to as “cash basis” by the accounting profession. This method of ...
To print the chart of accounts, go to Accounting → Chart of Accounts and click export to excel. Then print the resulting report. Alternatively, this may be printed from the Universal Report by choosing Reports and clicking the Universal Report under ...