Real double-entry accounting — fully automated
Every invoice, bill, payment and expense auto-creates journal entries. Get an always-accurate ledger, trial balance, P&L and balance sheet without manual data entry.
| Code | Account | Type | Debit | Credit |
|---|---|---|---|---|
| 1000 | Cash & Bank | Asset | $48,250 | — |
| 1200 | Accounts Receivable | Asset | $12,400 | — |
| 2000 | Accounts Payable | Liability | — | $6,870 |
| 4000 | Sales Revenue | Income | — | $48,250 |
| 5000 | Cost of Goods Sold | Expense | $22,430 | — |
| Total | $83,080 | $83,080 |
Double-entry accounting, simplified
Automatic journal posting from every transaction. Manual entries when you need them. Financial statements generated in seconds.
Double-entry accounting that balances perfectly — always
Every transaction auto-posts to the general ledger. Chart of accounts, journal entries, trial balance, P&L — all built in.
Chart of accounts & journal entries
WisoBooks sets up a standard chart of accounts during onboarding. Add custom accounts as needed. Every module auto-posts double-entry journal entries.
- Pre-configured chart of accounts (Assets, Liabilities, Equity, Income, Expenses)
- Add unlimited custom accounts
- Automatic journal posting from invoices, bills, payments, expenses, credit notes, cheques
- Manual journal entries for adjustments
- Journal entry report and general ledger detail

Financial statements & reports
WisoBooks generates all your core financial statements automatically — Profit & Loss, Balance Sheet, Cash Flow Statement, Trial Balance and General Ledger.
- Profit & Loss with period comparison
- Balance Sheet with period comparison
- Cash Flow Statement
- Trial Balance (debit = credit verification)
- General Ledger with running balances
- Account Transactions report
- Cash basis and accrual basis reporting
- Audit trail for complete accountability
| Account | Debit | Credit |
|---|---|---|
| Cash & Bank | $48,250 | — |
| Accounts Receivable | $12,400 | — |
| Accounts Payable | — | $6,870 |
| Sales Revenue | — | $48,250 |
| Cost of Goods Sold | $22,430 | — |
| Total | $83,080 | $83,080 |
Multi-currency & period management
Handle transactions in multiple currencies with automatic conversion. Lock closed periods to prevent edits.
- Multi-currency invoices and bills with automatic conversion
- Realised and unrealised exchange gains/losses
- Accounting period management and lock dates
- Cash basis and accrual basis report views
- Year-end closing workflow
Every transaction posts automatically
When you create an invoice, record a payment, or log an expense — WisoBooks creates the matching journal entry automatically. No manual double-entry required.
- Invoices post to Receivables and Revenue
- Payments post to Cash and clear Receivables
- Expenses post to the correct expense account
- Credit notes reverse the original entries
