FAQ

How does the year end closing entry work?
Description This article explains how the closing of the Accounting Period books the Retained Earning entry, and how to map the Current Period Net Income t...
Thu, 4 Mar, 2021 at 10:33 AM
Why does the Trial Balance not balance?
Description Depending on the chosen date ranges to run for the Trial Balance, the sum of the debit and credit balances may not balance. This is because of ...
Sat, 30 Oct, 2021 at 8:48 AM
How do I create a custom Trial Balance?
Description While there is a default Trial Balance report included in the reporting module, it may be beneficial to create a Trial Balance in the custom re...
Thu, 18 Mar, 2021 at 1:23 PM
How do I record transactions with both fiat and crypto?
Description When financial or crypto assets are introduced into your operation, it can make the recording of the asset, fees, dividends, and gain/loss more...
Thu, 29 Apr, 2021 at 4:18 PM
How do I use custom coins in SoftLedger?
Description SoftLedger makes use of Coins in the Crypto module to be able to identify the asset to create transactions against. While any exchange traded a...
Mon, 10 May, 2021 at 1:48 PM
How do I account for customer crypto holdings?
Description For crypto asset exchanges and other companies holding crypto on behalf of customers, developing a scalable process for recording the approp...
Thu, 13 May, 2021 at 3:37 PM
Known Limitations
Description SoftLedger is constantly working to put out a modern and flexible product that can work for any business needs and challenges. With that, somet...
Thu, 27 May, 2021 at 11:21 AM
How do I transfer Journal Entries from one SoftLedger Location to another?
Description To completely remove activity from one SoftLedger Location and add that activity into a new SoftLedger Location, follow the below steps. F...
Thu, 10 Jun, 2021 at 3:32 PM
How do I pay bills with crypto?
Description In order to pay Bills with crypto, it's best to follow a 2 step process to ensure the Bill is cleared out of Accounts Payable and the cryp...
Wed, 16 Jun, 2021 at 8:39 AM
How do I record crypto derivative trades?
Description SoftLedger’s flexibility allows for transactions to be tracked and accounted for in a variety of ways within the platform.  This article wil...
Thu, 1 Jul, 2021 at 8:27 AM