At the end of the year, Reports → Financial statements turns everything you have recorded into the statement of profit or loss, the statement of financial position, changes in equity and cash flows, in the format your auditor uses. That is what makes tax time simple.
Create your account Set-up guidesWhat you do, and what Meku does with it.
Settings → Business profile: the end of your financial year. Settings → Company details: registered name, registration number, TIN, directors and auditor, if you have them.
Prints them on the accounts.
Nothing.
Closes each month automatically and warns you a week before. You can still record anything new, but the figures of a closed month stop changing. The owner can open a month again, and the reason is recorded.
Reports → Financial statements.
Prepares the four statements for the year from every sale, expense, purchase, loan and asset you recorded. It starts with the word Unaudited, because it is not audited.
Print it or send it.
Gives your auditor the data they need for the filing and the assessment, already organised, not a box of receipts.
No. It prepares the accounts your auditor or accountant works from. It does not calculate tax.
Because it was prepared from your records and has not been checked by an auditor. That is exactly what a bank or an auditor expects from accounts that a business prepares itself.
The statements print the name of the line with no figure, not a dash, because a dash would mean zero. Record them and the figure appears.
Simple to use. Works on the web, iPhone and Android.
