System-generated journals
BAS, depreciation and distribution journals are posted, and can be undone, by MYLEDGER so reports reconcile without manual posting.
The problem it solves
Forgetting to post a BAS or depreciation journal leaves reports out of balance.
How it works
- Complete the related working paper, such as BAS or depreciation.
- MYLEDGER posts the journal.
- Undo it if the working paper changes.
What your practice gets
- Reports reconcile.
- Less manual posting.
- Reversible.
Questions accountants ask
Which journals are generated?
BAS, depreciation and distribution journals.
Can I undo them?
Yes.
Do I approve them?
They follow from working papers you complete.
Related features
Features that work alongside system-generated journals.
Journal entries
Create, save, post, revert to draft and delete journal entries, with a check on opening balances.
VideoJournal drafts
Save unposted journals and come back to them over several sittings.
Journal evidence and AI drafting
Attach evidence to journals, or let AI draft a journal from an uploaded document for you to review.
VideoYear-end journal templates
Guided templates for common adjustments: closing stock, depreciation and amortisation, FBT contribution, income tax, PAYG withholding, preliminary expenses, private use, drawings, share capital and super payable.
Journals across Fedix ledger screens
Journals and drafts are shared with other Fedix ledger screens, so there is one set of entries.
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.