Set up custom accounts with name, code or both. Each account has a description, cost center option.
Unified Multi-Entity Management
Run your entire portfolio of businesses from one central command center. Our platform synchronizes your CRM data (like customers, vendors, contacts or workflows) across all entities while maintaining fully independent, audit-ready accounting for every entity (Corp./S-Corp/LLC/partnership/non-profit). Eliminate repetitive data entry, maintain strict financial boundaries, and switch between entities in seconds under one user login.
Example:
A general contractor with his main business, his framing business, a plumbing business and holding real estate in one or more LLC's. Developing a new community, he can even add HOA managment. Customers, vendors and staff members are entered only once for the whole operation, available in all entities while the books are completely separated.
Organize equipment, vehicles, improvements, and intangible assets in one place — not in a side spreadsheet. allboox™ treats depreciation and amortization as first-class accounting: choose the right asset type, map GL accounts (asset, expense, accumulated depreciation or amortization, and disposal), and apply entity-specific depreciation schedules built from standard methods (e.g. straight-line, declining balance, sum-of-years' digits, MACRS-style recovery periods). Capture purchase date, placed-in-service date, cost, and salvage value for each asset. Run and review depreciation logs posted to the general ledger, with visibility into remaining book value and reconciliation against balance sheet balances. When an asset is sold or scrapped, disposal accounts keep the final journal entries clean and auditable.
Organize equipment, vehicles, improvements, and intangible assets in one place — not in a side spreadsheet. allboox™ treats depreciation and amortization as first-class accounting: choose the right asset type, map GL accounts (asset, expense, accumulated depreciation or amortization, and disposal), and apply entity-specific depreciation schedules built from standard methods (e.g. straight-line, declining balance, sum-of-years' digits, MACRS-style recovery periods). Capture purchase date, placed-in-service date, cost, and salvage value for each asset. Run and review depreciation logs posted to the general ledger, with visibility into remaining book value and reconciliation against balance sheet balances. When an asset is sold or scrapped, disposal accounts keep the final journal entries clean and auditable.
Bank and credit card accounts that are set up for automated bank transaction import can be auto-reconciled. In addition, any asset or liability account can be set to 'reconcileable' to enable manual reconciliation.
