Accounting

Overview, reports, banks, currency exchange, periods, and opening balances.

Accounting is the ledger subtree. Books is where you type income and expenses. Read Read profit first.

Marketing: Accounting.

Overview

Gross P&L from closed projects, operating expenses, net P&L, outstanding, and a transaction summary. Time filters: month, quarter, year, lifetime.

Chart of accounts

Read-only list of accounts Exreach sets up for the workspace. You do not invent codes here.

Journal

Posted entries with debit and credit lines. Descriptions can show the invoice and project numbers.

Trial balance

Account totals as of a date. Use the balance column for position. Debit and credit columns are lifetime activity.

Accounts receivable

Open amounts due on invoices, shown in invoice USD.

Income statement

Books P&L in the workspace base currency (Settings → General).

Balance sheet

Assets, liabilities, and equity in base currency.

Bank accounts

Cash per bank and currency. Open Reconcile for one currency at a time. Match the statement. If there is a difference, log an adjustment (Books income or expense) or complete with an unexplained difference. Undo voids the last completed reconciliation for that currency.

Archive a bank that is in use. You cannot delete Cash on Hand.

Currency exchange

Move value between bank currencies. Exreach posts the realized gain or loss.

Fiscal periods

Calendar years from posted history. Close a period (owners and admins) after you review P&L. Reopen needs the owner or admin password (unlock only).

Opening balances

Go-live cash openings. Owners and admins can post and reverse. Do not import a long history of old invoices into Exreach and also post those years as openings. Pro workspaces can also set inventory opening stock.