Finance & operations
Books
Double-entry accounting and reports
A chart of accounts, a journal kept in double entry, bank statement reconciliation and financial reports, with entries brought in from other RIO apps.
Open Books
Opens in RIO. You will be asked to sign in if you are not already, and you see it when your role allows.
Who uses it
Accountants and finance teams.
What teams do with it
Reconcile the bank
Import a statement as CSV and match each line against the books.
Book payroll
Each paid pay run arrives as a draft journal entry. The accountant enters the totals from the run and posts it.
Produce month-end reports
Run the trial balance, profit and loss and balance sheet straight from the journal.
Close a period
Set a lock date so nothing can be posted on or before it.
Key features
- Chart of accounts
- Journal entries in double entry; voiding posts a reversal
- Bank statement reconciliation from CSV
- Trial balance, profit and loss, balance sheet and ledger, downloadable as CSV
- Imports screen for expenses, invoice payments and paid pay runs, each posted once