Finance, GST & close

Books you can trust. A close you can finish.

The general ledger, statements and GST in one place – with a financial report checked against the ledger and a clear view of what stands between you and a closed month.

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Included from Basic

Customer & Vendor 360

How each side of the business is doing, from the receivables and payables already recorded.

CustomersVendors

Last 12 monthsAll customersAll regionsAll currencies

Revenue$1,182,756.67▲ Up 327.1% on the period before

Receivables outstanding$356,636.96Open invoices, GST included

Days sales outstanding109.7 daysUp 92.3% on the period before

On-time in-full delivery4.5%

Credit used24.1%

Overdue67.2%

Statements and GST, ready when you are

Income statement, balance sheet, trial balance and the GST report come straight from the ledger. Closed periods stay closed: nothing posts into a closed month.

A financial report checked against the ledger

Profit or loss, financial position, changes in equity and cash flows, each with its checks shown – pass or fail – so you know the report agrees with the books before anyone reads it.

Financial report

Checked against the ledger and the sub-ledgers.

1. Trial balance tie-out

Debits equal creditsDebits 3865957.97, credits 3865957.97
✓ Pass
The statement of financial position balancesAssets 1725316.66; liabilities 593029.96 plus equity 1132286.70
✓ Pass
Equity per the statement of changes in equity agrees1132286.70 against 1132286.70
✓ Pass
Closing cash per the cash flow statement agrees to the ledger1242479.87 against 1242479.87 in the bank and cash accounts
✓ Pass
Open invoices agree to the receivables control accountInvoices 356636.96; ledger 353006.96
✗ Fails
Bills, payments and credits agree to the payables control accountDocuments 179515.40; ledger 179515.40; 0 still posting
✓ Pass
GST collected less credited agrees to the movement on the GST accountDocuments 42517.66; ledger movement 42517.66
✓ Pass
Every balance-sheet account rolls forward and ties to the ledger23 of 23 tie
✓ Pass

Know you are ready to close

The period close workbench lists everything still open: invoices not issued, receipts not applied, balances not revalued and ledger checks that fail. It records who decided what, and never closes the period for you.

The books agree with themselves

Ledger reconciliation checks every issued invoice, credit note and applied receipt against its journal, and receivables against what is open. It compares only; nothing is posted.

Ledger reconciliation

Whether the invoices, credit notes, receipts and journals agree, and which do not. It compares only; nothing is posted.

Reconcile now

OpenBeing looked intoAcceptedClearedChecksRuns

Checked as at2026-10-27Run 27 Oct 2026, 7:10 am

Differences2still unresolved

New in this run2

Cleared in this run0

DifferenceGapStatus

Receivables controlAUD -3,630.00OpenOpen

Invoice INV-FY2027-0087AUD -3,630.00OpenOpen

Everything in this module

Finance, GST & close, in full.

Chart of accounts and journal vouchersBasic
Income statement, balance sheet, trial balance and GST reportBasic
Bank accounts and cash positionBasic
Closed-period protectionBasic
Financial report checked against the ledgerGrowth
Roll-forward of any balance-sheet accountGrowth
Customer & Vendor 360Growth
Ledger reconciliationAdvanced AI Plus
Close readinessAdvanced AI Plus
Posting rules studioAdvanced AI Plus

Related features

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Books you can trust. A close you can finish.

Statements and GST, ready when you are

A financial report checked against the ledger

Know you are ready to close

The books agree with themselves

Finance, GST & close, in full.

Billing & invoicing

Procure-to-pay

Contracts & profitability

Ready to see your business in a new light?

Books you can trust. A close you can finish.

Statements and GST, ready when you are

A financial report checked against the ledger

Know you are ready to close

The books agree with themselves

Finance, GST & close, in full.

Works hand in hand with.

Billing & invoicing

Procure-to-pay

Contracts & profitability

Ready to see your business in a new light?