SmartBooks

Accounting & Invoicing Made Intelligent

A complete double-entry accounting system built for modern businesses. From journal entries to tax-ready financial statements, SmartBooks handles your entire financial workflow with precision and ease.

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Core Features

Everything You Need to Manage Your Finances

From daily bookkeeping to year-end reporting, SmartBooks covers every aspect of business accounting.

Chart of Accounts

Pre-configured chart of accounts following international standards. Customize account groups, types, and hierarchies to match your business structure.

Journal Entries

Create, review, and post journal entries with full debit/credit validation. Support for recurring entries, templates, and automatic reversal entries.

Invoicing & Payments

Generate professional invoices, track payments, and automate reminders. Support for partial payments, credit notes, and multiple payment methods.

Bank Reconciliation

Import bank statements and match transactions automatically. Smart matching suggestions reduce manual work and ensure your books are always balanced.

VAT & Tax Reporting

Configure tax codes by region. Automatic VAT calculations on invoices, tax-ready reports, and export-ready data for your accountant or tax authority.

Financial Reports

Generate Profit & Loss, Balance Sheet, Cash Flow Statement, Trial Balance, and General Ledger reports. Drill down into any figure for full transparency.

Multi-Currency

Transact in any currency with automatic exchange rate lookups. Realized and unrealized gain/loss tracking keeps your reporting accurate across borders.

Fiscal Year Management

Define fiscal years and periods. Lock closed periods to prevent edits. Year-end closing wizard automates retained earnings and opening balances.

How It Works

Up and Running in Three Steps

Get your accounting system set up in minutes, not months.

Set Up Your Chart

Start with a pre-built chart of accounts or import your own. Configure your base currency, fiscal year, and tax codes.

Enter Opening Balances

Import your opening balances from a previous system or start fresh. Connect your bank accounts for automatic statement imports.

Start Transacting

Create invoices, record payments, post journal entries, and generate financial reports. Your books are always up to date.

See It In Action

A Modern Accounting Experience

SmartBooks

+ New Invoice + Journal Entry Record Payment

Total Revenue

$124,580

+12.5% vs last month

Total Expenses

$87,340

+3.2% vs last month

Net Profit

$37,240

+28.1%

Outstanding

$15,890

7 overdue

Recent Transactions Last 30 days

Date	Reference	Description	Amount	Status
Feb 12	INV-2024-087	Web Development Services	$4,500.00	Paid
Feb 11	INV-2024-086	Monthly Consulting	$2,800.00	Pending
Feb 10	JE-2024-142	Office Rent - February	$1,200.00	Posted
Feb 09	INV-2024-085	Product License Renewal	$6,750.00	Overdue
Feb 08	JE-2024-141	Payroll Processing	$18,500.00	Posted

Monthly Revenue

Sep

Oct

Nov

Dec

Jan

Feb

Overdue Invoices

INV-085 - Product License$6,750

INV-079 - Design Services$3,200

INV-076 - Training Package$2,100

FAQ

Frequently Asked Questions

Is SmartBooks IFRS compliant?

Yes. SmartBooks follows International Financial Reporting Standards (IFRS) for account structures, journal entry validation, and financial statement presentation. The chart of accounts can be configured for local GAAP requirements as well.

Can I manage multiple companies?

Absolutely. Each company has its own chart of accounts, fiscal year settings, and financial data. You can switch between companies from a single login and run consolidated reports across all entities.

Does SmartBooks create automatic journal entries?

Yes. When you create invoices, record payments, or run bank reconciliation, SmartBooks automatically generates the corresponding double-entry journal entries. You can also set up recurring journal entries for monthly accruals and prepayments.

Can I import bank feeds automatically?

SmartBooks supports bank statement import via CSV and OFX formats. For supported banks, direct bank feed integration provides automatic daily transaction imports that you can match and reconcile within the platform.

How does tax code configuration work?

You can create unlimited tax codes with configurable rates, account mappings, and applicability rules. Tax codes are applied automatically on invoices and purchase entries. SmartBooks generates VAT summary reports and supports reverse charge mechanisms for international trade.

What financial reports are available?

SmartBooks includes Profit & Loss, Balance Sheet, Cash Flow Statement, Trial Balance, General Ledger, Aged Receivables, Aged Payables, and Tax Summary reports. All reports support date range filtering, comparison periods, and PDF/Excel export.

Can I integrate SmartBooks with other SmartERP modules?

Yes. SmartBooks integrates seamlessly with SmartBudget for budget vs. actual comparisons, SmartAssets for depreciation journal entries, SmartHR for payroll postings, and all other SmartERP modules. Data flows automatically between systems.

Ready to Simplify Your Accounting?

Start your free 14-day trial. No credit card required. Full access to all SmartBooks features.

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