Enter your idea

The Recap Transaction feature immediately shows the double-entry impact of a transaction while it is being created, or after it has been posted. Currently the only way to check which accounts are debited and credited is by going to the journal report and wading through (sometimes hundeds) of transactions to find it. 'Recap Transaction' would prevent posting errors by clearly showing which accounts are debited and credited before a transaction is approved. It will ensure invoices, bills, credit notes, refunds and overpayments etc. are coded correctly the first time. It would improve accuracy and give users complete double-entry visibility directly inside the transaction screen, especially across complex transactions. The best way to see an example is by referring to MYOB's Recap Transaction feature.

Recap Transaction is an essential feature in any accounting software. With a single click, it shows all details of a transaction including which accounts are debited and which are credited. This eliminates the need to sift through lengthy journal reports to locate specific transactions.

In VAT return, when the payment to the supplier invoice is reversed, it creates a reverse line of VAT claim but does not show its reference when clicking on it. it just shows the journal figures without any refence which does not allow to see to which transactions it relates to.

Journal is attached for visual understanding where currently no reference is seen.

Yes, its critical really, particularly checking the application of prepayments and credit notes by clients. Otherwise searching the ledger accounts for matching entries is a nightmare.

Me too!

Yes, we'd love to see this too! These days tools make it really easy to gloss over the actually accounting under the surface - I'd love to see this information.