2️⃣ Classify accounts under the standard GAAP chart of accounts
Write a short narrative that explains the business event, approval trail, and any contractual terms affecting timing. This text exports with the entry and supports audit requests.
Workspace reference
Core tools you’ll use while preparing journal entries
These modules mirror what ships in production Auto GAAP environments. Use them as reminders for the controls to check before sign-off and to explain to teammates how the workflow stays compliant.
autoGAAP as the Standard
The primary software (e.g., QuickBooks, NetSuite, SAP, Oracle, or Xero) where you record and post journal entries. Enforces double-entry structure, debits = credits, and maintains the audit trail. Houses the Chart of Accounts and ensures each entry flows correctly to financial statements.
Guided Rituals
Includes invoices, receipts, payroll reports, bank statements, or inventory schedules supporting every entry. Subledgers (A/R, A/P, Fixed Assets) feed data into the GL to prevent manual misstatements. Provides verifiable evidence for auditors under GAAP.
Journal Entry Template
A working file (usually Excel or Google Sheets) used for drafting, reconciling, and validating entries before posting. Contains formulas to check that total debits = total credits, and provides a human-readable summary for review and approval. Also used for accruals, adjusting, and reversing entries during period close.
autoGAAP Sandbox Live!
Auto GAAP transmutes journal entries to financial documents instantly!
Auto GAAP makes accounting easier by letting users record their own journal entries while automatically generating real-time financial statements—balance sheet, income statement, cash flow, and owner’s equity—with visual indicators that confirm everything stays in balance. status.
Journal entry builder
Log debits and credits, capture policy context, and sync recurring cadence.
Before you submit
- Use the description to document the business rationale, source documents, and approver.
- Double-check that only one side of the entry contains debit amounts and the other contains credits—the coach will flag violations with a refresher on the accounting equation.
- Tag entries that need ongoing tracking with the recurring, accrual, or depreciation sections.
- After posting, export PDF or JSON to attach in your close checklist or ERP upload.
Balance status
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Recurring cadence
Daily checks
Policy coverage
GAAP + IFRS
Auto GAAP insights
Review narratives, recommended actions, and ledger diagnostics.
Add entries to generate Auto GAAP intelligence.
Recommendations
Recent journal entries
Financial statement generator
Load or import journal entries above, then pick one of the statement buttons below to render debits, credits, and net balances for each account.
Financial statement downloads are also gated at $1 per file via the same payment dialog.
Select a statement button to generate a summary. You can always use the “Jump to financial docs” link at the top of the workspace to return to this section.
Depreciation preview
Location awareness
Accounting AI assistant
Chat with a close specialist for ledger, policy, and reconciliation guidance.
Suggested prompts
Try “How do I book deferred revenue?” or “What controls support payroll reconciliation?”
GAAP coaching stream
Get point-in-time explanations of the standards behind every entry.
Watch the coach break down each posting into assets, liabilities, equity, revenue, and expense activity so you know exactly how the accounting equation stays in balance.
- Step-by-step narration describes why the debit or credit was expected and what alternative accounts to consider.
- Interactive flashcards recap the GAAP principles triggered by your selections, from revenue recognition to capitalization policy.
- Real-time checks celebrate balanced entries and call out when you’ve drifted from double-entry rules.