Prior-year financial statement import
Upload last year's financial statements; MYLEDGER reads them, matches accounts, suggests new ones and drafts balanced opening figures for your approval.
The problem it solves
Rebuilding a chart and opening balances from last year's statements by hand takes hours.
How it works
- Upload the prior-year financial statements.
- Review the matched and suggested accounts.
- Check the balanced opening figures and approve the import.
What your practice gets
- A chart and opening balances from last year's statements.
- Suggested accounts for anything new.
- You approve before posting.
Questions accountants ask
Does it post automatically?
No. You approve the opening figures.
What if the statements do not balance?
The workflow helps balance the figures for your review.
Is there a guide?
Yes, see the import prior year feature guide.
Related features
Features that work alongside prior-year financial statement import.
Chart of accounts
View, add, rename, reorder, merge and delete accounts, and apply tax return labels, for each client.
VideoResume a statement import
A half-finished prior-year statement import saves its progress and uploads, so you can come back to it.
Depreciation schedule converter
Read amortisation and depreciation schedules from PDF, check the pages and import them into depreciation.
Post depreciation to the ledger
Post extracted amortisation lines from an imported schedule into the ledger.
Receipt matching
Upload receipts and invoices in bulk; MYLEDGER reads them and proposes matches to bank transactions, which you can link, unlink or re-match.
Rental statement import
Upload property agent statements; MYLEDGER extracts the rental schedule for you to edit and import into the ledger.
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.