We are delighted to announce that Journals are now live in the Accountant Hub. Journals allow accountants to manually adjust the ledger to reflect the current accounting status of a client’s business. Some examples of how this can be used:

-To reflect the opening balances of businesses that moved to Countingup from another accounting system

-To depreciate assets over time

-To reflect prepayments (eg. if a business purchases an annual subscription the accountant can create a journal to reflect the monthly cost over the year)

Want to help us shape the future of Countingup?

If you are a business owner or a sole trader tell us here: https://forms.gle/X3RmjSPcbmWdaYUaA

If you are an accountant tell us here:

Work on journals in the Accountant Hub has begun. This will allow accountants to do manual adjustments to the ledger and add accounting entries that are not associated with account transactions, invoices and bills.