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MYLEDGERChart of accounts & the ledger

Practice default charts

Set your firm's standard chart for each entity type, which new clients inherit; edit or reset it any time.

More in Chart of accounts & the ledger Search all features

The problem it solves

Firms with a standard chart should not have to rebuild it for every client.

How it works

  1. Open practice defaults.
  2. Set the chart for each entity type.
  3. New clients start from it.

What your practice gets

  • Firm-wide consistency.
  • Less setup per client.
  • Reset to system defaults when needed.

Watch it in the product

A short recording of practice default charts in use.

Chart of accounts: import, defaults, control accounts

Recorded on a demo practice with fictional data.

Open the video page

Questions accountants ask

Does changing the default affect existing clients?

New clients inherit it.

Can I reset it?

Yes.

Is it per entity type?

Yes.

Features that work alongside practice default charts.

Chart of accounts

View, add, rename, reorder, merge and delete accounts, and apply tax return labels, for each client.

Video

Transaction 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.

Video

Remembered 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.

Video

ATO suspense summary

A summary of ATO-sourced items waiting in suspense for you to classify.

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.

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