Accountants and bookkeepers Audit trail and period close
For accountants and bookkeepers
A record of every change, and periods that stay closed.
Nothing is edited in place. A mistake is reversed with a reason and a link to what fixed it, and once a period is reviewed it can be closed so the reported figures cannot move.
JournalPosted entries
- J-0108 · Accrued hostingReversed on 1 Nov, linked to J-0112Reversed
- J-0112 · Reversal of J-0108Reason: booked to the wrong monthReversal
- J-0113 · Hosting, correct monthDebits £340.00 equal credits £340.00Balanced
Books closed through 31 OctoberNo one can post earlier
What makes the books reviewable.
- Reversals, not edits
- Every correction is a new entry that points back to the one it fixes.
- Who did what, and when
- Every posted entry carries its audit trail.
- Period locking
- Close a reviewed period so its figures stay put.
- Always balanced
- A double-entry ledger where debits always equal credits.
- Receipts on the transaction
- The paper behind each figure is attached to the payment it belongs to.
- Statements you can rely on
- Reports drawn from the ledger, so they always agree.
Where to start
More for accountants and bookkeepers
- Accountants and bookkeepersPrepare, review and approve, with a record of who did what.
- Review and approvalThe bookkeeper prepares, the accountant approves.
- Year end and taxVAT, corporation tax and statutory accounts from the same books.
- Many businesses, one loginSeparate books for every company, switched in a click.
- Moving a client acrossBring over the history and start from where they are.
Ready to see your books clearly?
Talk to us about getting set up, or sign in if you already have an account.