FreshBooks, which makes simple accounting software for small businesses, has introduced general ledger, trial balance and chart of accounts to its core accounting engine. The new offerings are meant to provide better tools for accountants who serve small-business clients that use FreshBooks to run their business.
These new features beef up the basic features of FreshBooks, which was — and still is — catered to small-business owners who don’t have a deep knowledge of accounting. The company calls the new iteration of FreshBooks “approachable accounting,” which has two main goals: Enabling “painless, automatic bookkeeping and reporting that ensures owners and accountants trust their data during for tax season and beyond;” and “facilitating better relationships between business owners and their financial advisors or accountants,” according to a blog post.
The new general ledger, trial balance and chart of accounts features are meant to help business users interact better with their accountants, and give them the tools to help understand and grow the business together. The software will automatically generate reports under those three categories, which a business’ accountant can examine and then use to advise the business.
Coming soon are more features that will help accountants serve their small business clients, including accountant access, full transaction capture, balance sheet and bank reconciliation capabilities.
