Books, property and BAS in one ledger you can trust.
LedgerYard is accounting for Australian small businesses, property managers and the accountants who look after them. Every entry balances, and once it is posted it is never quietly changed.
Accounts are by invitation for now. Your administrator or accountant sends you one.
| Account | Debit | Credit |
|---|---|---|
| Accounts receivable | 990.00 | |
| Sales | 900.00 | |
| GST collected | 90.00 | |
| Totals | 990.00 | 990.00 |
Balanced. Change the amount or the tax and it still is.
The work you open it to do
What's in the bank, what you're owed, what you owe and what's waiting on you, on one page.
Three things it will not do
Let the books go out of balance
Debits equal credits on every entry, to the cent, or the entry is refused. You saw it above; the real ledger holds itself to the same rule.
Rewrite history
A posted entry is never edited. A mistake is fixed with a reversal you can see, so the trail an auditor follows is the one that happened.
Act without you
Nothing is lodged or paid unless a person decides to. Suggestions come with their reasons, and the OK is always yours.
Who it is built for
- Small businesses
- Quotes, invoices, bills and purchase orders. Bank reconciliation with rules for the lines that come every month. GST worked out on every line, and a BAS report ready when the quarter ends. Stock on hand at average cost if you sell goods.
- Property managers
- Properties, leases and rent runs alongside the books, not in a second system. Bonds held, arrears and owner statements as reports. Work orders, inspections and equipment for the maintenance side.
- Accountants and bookkeepers
- Several entities in one group, each with its own separate books and a consolidated view across them. Lock dates, a period-close checklist, and approvals so the right person signs off.
Where it is up to
A ledger asks for your trust, so here is the plain state of things.
Working today
- Invoicing, bills, purchase orders and approvals
- Bank reconciliation from imported statements
- GST, BAS and the standard financial reports
- Property, rent, bonds and owner statements
- Pay runs with PAYG withholding and super worked out
- Nightly backups that are restored and checked
Still being tested
- Live bank feeds straight from your bank
- Lodging payroll with the ATO through Single Touch Payroll
Until those are proven, statements are imported by file and payroll is lodged your usual way.