The double entry portion of the program helps you to enter unique and complex transactions. Any general ledger number can be assigned to any type of general ledger account. General ledger numbers can be from one to 15 numeric digits and contain numbers to the right of a decimal point. You can design an unlimited number of different types of financial statements and reports with value derived from the general ledger. For example, a statement of income and expenses may be designed for the business owner, with another designed for employees, and yet another for lenders.
Any account can appear in any order and can include various mathematical functions and analysis.
Journal entries are never erased or lost. You can review any entry for the current year or past years. There are extensive options for finding specific entries and entries can be summarized by items, customers, vendors, source, user, etc. This makes it very easy to find past mistakes or gather historical information. You don't have to stop entering transactions in a new fiscal year until the past year entries and adjustments are completed.