Your financial statements, assembled
Expenses, invoices, payments and capital entries become an income statement, balance sheet, notes and a tax computation for any period you choose.
Free to use. No card needed.
Any period, either basis
Pick the dates and choose accrual (when invoiced) or cash (when paid) for each statement period.
Income statement and balance sheet
Revenue, cost of sales, operating expenses and profit, plus assets, liabilities and equity, with notes.
Tax computation
An estimate of income tax from your figures, using the tax rules you set: rate, VAT threshold and capital allowances.
Capital, loans and assets
Record opening balances, capital, loans, drawings and equipment in plain language, without writing journals.
Adjust, then finalise
Make year-end adjustments, then lock the period so nothing inside it can change.
Ready for your auditor
Share a finalised period with your auditor and export the statements with every receipt and invoice behind them.
How it works
- 1Keep your recordsExpenses, invoices and payments as they happen.
- 2Create a periodChoose the dates and the basis.
- 3Finalise and shareLock it and hand it to your auditor.
Questions
Do I need to know accounting?
No. You record everyday things in plain language and LedgerOne does the double entry behind the scenes.
Cash or accrual?
Either. Choose for each statement period: accrual counts income when invoiced, cash when it's paid.
Are the tax figures final?
They're indicative estimates from your records and the tax rules you set. Confirm them with your accountant.
Also in LedgerOne
Your books, sorted. For free.
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