MYLEDGERChart of accounts & the ledger
Chart of accounts
View, add, rename, reorder, merge and delete accounts, and apply tax return labels, for each client.
The problem it solves
Every client needs a chart tailored to their business before coding can start.
How it works
- Open the client's chart of accounts.
- Add, rename, reorder, merge or delete accounts.
- Apply tax return labels to the accounts.
What your practice gets
- A chart that fits the client.
- Labels ready for the tax return.
- Tidy structure.
Watch it in the product
A short recording of chart of accounts in use.
Questions accountants ask
Can I merge accounts?
Yes.
Can I delete an account with postings?
Usage counts are shown first so you do not remove an account still in use.
Is there a tutorial?
Yes, see the chart of accounts tutorials.
Related features
Features that work alongside chart of accounts.
Client ledgers list
List, search and open your clients' ledgers, including clients brought across from FEDIX, and set the client you are working on.
VideoBank account assignment
Record which ledger account is the client's bank account, so every imported bank line posts against the right account.
Apply tax return labels
Map account names to the ATO tax return label set for trust or individual returns in one step.
Import a chart from text or a file
Paste or upload an account list from a client's old system and AI turns it into chart accounts for you to confirm.
VideoRename and reorder accounts
Rename an account and its history follows; set the display order you want.
Default chart for each entity type
Start a new client with a sensible default chart for their entity type.
VideoSee it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.