Journals – moving towards a true single accounting ledger

We are delighted to announce the release of a powerful new feature. Accountants will now be able to create journals from their Accountant Hub for clients that are using Countingup.

Countingup is the first business current account in the UK with both journals and a trial balance report. Finally, this means that accountants and small businesses have access to a true single ledger. You can find out more about the true single ledger and why it’s important by reading this article by our CEO, Tim Fouracre.

Journals allow accountants to manually update the ledger to make any adjustments needed to ensure the Countingup accounting records accurately reflect the status of each business.

To check out the new feature in action click here.

What does this mean?

Our accountant partners pointed out that there are accounting transactions that impact a client that are not captured by bills, invoices or banking transactions. We worked with them to launch journals in our Accountant Hub. With the true single ledger, accounting records are accurate.

How can I access the new journals feature?

If you’re an accountant partner simply log in to your Accountant Hub, head to the ‘Tools’ section in the navigation menu and click on ‘Journals’. You can create new journals, delete and update them. You can view a list of every journal you have created too. To check out the new feature in action click here.

Register for the Accountant Hub

Click here to register for the Accountant Hub today.