MYLEDGER Accounting preparation
Chart of accounts & the ledger
Tailor each client's chart of accounts, apply tax return labels, set firm-wide defaults and coding rules, and keep every transaction in one ledger with its history.
Who it is for
Accountants and bookkeepers setting up and maintaining client ledgers.
Features in Chart of accounts & the ledger
Chart of accounts
View, add, rename, reorder, merge and delete accounts, and apply tax return labels, for each client.
VideoApply 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.
VideoAccount usage counts
See how many transactions and journals use each account before you delete or merge it.
Coding rules
Per-client rules that code transactions matching a description to an account, with AI-generated rules and bulk editing.
Practice default charts
Set your firm's standard chart for each entity type, which new clients inherit; edit or reset it any time.
VideoTransaction ledger
Every transaction for the client is kept in one ledger that all MYLEDGER screens read from and write to.
Tracking categories (Segments)
Create tracking categories, such as location, department, job or cost centre, tag transactions and split the P&L and Balance Sheet into a column per option.
VideoRemembered segment view
MYLEDGER remembers how you prefer to view tracking categories for each client between sessions.
Rental property and managed fund register
Register rental properties and managed funds with the accounts that belong to each, for use in schedules.
VideoATO suspense summary
A summary of ATO-sourced items waiting in suspense for you to classify.
Transaction change history
See who or what changed a transaction, including bulk lookups across many lines.
Shared ledger storage across Fedix
Other Fedix ledger screens read and write the same transactions, accounts and journals as MYLEDGER, so there is one copy of the books.
More from MYLEDGER
See 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.