Features
Books
Kila's double-entry ledger, with the profit and loss, balance sheet, cash flow and trial balance built from everything the business records.
Books is Kila’s double-entry ledger. Every sale, payment, delivery and expense posts a balanced journal that points back to where it came from, so the profit and loss, balance sheet, cash flow and trial balance are there without typing anything twice. Corrections are made with reversing journals: nothing is edited in place.
Who it suits
Link to this section: Who it suits- Part of the set-up for Shop, Wholesale & distribution, Food & drink service, Stay, Appointments, Fitness & memberships, Jobs & repair, Professional services, Health care, Production, Education, Logistics & field and General.
Every business: the owner reads the statements, and the accountant works in the journals, accounts and periods.
What is included
Link to this section: What is included| Switch | What it does | To start |
|---|---|---|
| Manual journals | Post balanced manual journals. | On |
| Period closing | Close accounting periods. | On |
| Fixed assets | A register of what the business owns and uses: cost, branch, custodian, tags, moves between branches, disposals with the gain or loss, and the tax wear-and-tear view. | Off |
| Depreciation | Monthly depreciation of the fixed asset register, posted to the books once a month per legal entity. | Off |
Where to find it
Link to this section: Where to find itUnder Money › Books:
- Statements: “Statements from the double-entry ledger. Every figure comes from posted journals and links to its source.” The Profit and loss, Balance sheet, Trial balance, Cash flow and General ledger, by period and branch.
- Chart of accounts, Journals, Bank and cash and Receivables and payables.
- Periods: “Monthly periods. Closing one locks it: anything dated inside it is refused, and corrections post in the current month.”
Switch it on
Link to this section: Switch it onBooks is part of every kind of business and every plan, so it is on from the day the business signs up. Kila keeps the ledger whatever you do; Books is where you read it and work with it.
On the Starter, Business, Growth and Enterprise plans. Enterprise is arranged with Kila’s sales team.
- Expenses: what the business spends, posted to the books.
- Reconciliation: money checked against the statements.
- Accounting connectors: when your accountant keeps the books in QuickBooks Online or Xero.