Run the business. Keep the books current.
For example, TrueYear by AIM is automated accounting software that connects clients, contracts, invoices, payments, expenses, vendors, reconciliation, taxes, journals and reporting. Therefore, routine bookkeeping and financial statements no longer depend on rebuilding records later.
Financial overview
Current through August 19 · All figures illustrative
How automated accounting software keeps books current.
In addition, every operating record carries its financial context forward, reducing repeated entry, missing explanations and last-minute cleanup. Canadian businesses should also review the CRA’s official keeping-records guidance.
Client & contract
First, create the commercial source record and billing terms.
Invoice
Next, issue revenue, receivable, tax and due-date context.
Payment
Then, match collections and clear accounts receivable.
Spend
In addition, record expenses, receipts, bills, tax and payables.
Reconcile
Next, match bank and card activity without losing context.
Report
Finally, generate journals, statements, GIFI and year-end files.
Everything routine accounting needs in one place.
Sales & receivables
Therefore, carry customer and contract context into invoicing, collection and revenue reporting.
- For example, Clients and legal profiles
- In addition, Versioned, protected contracts
- Moreover, Invoices, PDFs, and statuses
- Next, Customer payments and proof
- Finally, Accounts receivable and aging
Purchases & payables
In contrast, separate direct paid expenses from supplier bills and payments.
- For example, Expenses and receipts
- In addition, Vendors and referral partners
- Moreover, Vendor bills
- Next, Vendor payments
- Finally, Accounts payable
Bank reconciliation
Meanwhile, import statements, review matches, preserve sessions and export reconciliations.
- For example, Bank and credit-card statements
- In addition, Matched and unmatched lines
- Moreover, Completed session history
- Next, Excel and PDF exports
- Finally, Account-specific reconciliation
Journals & general ledger
Then, generate debit and credit lines from approved business activity.
- For example, Journal entries
- In addition, General ledger detail
- Moreover, Source-module traceability
- Next, Tax and gross amounts
- Finally, Payment-account logic
Tax & owner activity
In addition, keep tax payments, ITCs, dividends and shareholder records connected.
- For example, HST/GST remittances
- In addition, Corporate tax payments
- Moreover, Instalments and provisions
- Next, Dividends and T5 support
- Finally, Shareholder-loan activity
Financial statements
Next, turn current journal data into management and review reports.
- For example, Profit and loss statement
- In addition, Balance sheet
- Moreover, Bank balance
- Next, GIFI summary and ledger
- Finally, Year-end schedules and package
Accounting controls
Therefore, make the posting logic visible, configurable and auditable.
- For example, GIFI master data
- In addition, Entry-type mapping rules
- Moreover, Debit and credit posting rules
- Next, Posting audit
- Finally, Missing-entry checks
Operational reports
In addition, keep the schedules supporting the statements ready throughout the year.
- For example, Invoice and payment reports
- In addition, Expenses and receipt evidence
- Moreover, Subscriptions and software
- Next, Assets and CCA support
- Finally, ITC and referral-fee backup
Access & support
Finally, control who can view, edit, delete, review and administer each area.
- For example, Users and client users
- In addition, Roles and permissions
- Moreover, Module-level access
- Next, Change tracking
- Finally, Support tickets and API clients
Automated accounting software creates reviewable journal logic.
For example, an approved invoice, payment, expense, supplier bill, vendor payment, tax remittance, dividend or transfer can produce the correct accounting pattern while preserving the source record and audit trail.
Profit & Loss
Balance Sheet
Automated accounting software keeps P&L and balance-sheet reporting current.
This automated accounting software generates current statements from posted records. As a result, the business owner can review revenue, expenses, profitability, assets, liabilities, equity, receivables, payables and bank position.
The schedules behind the statements stay ready.
Invoices, customer payments, A/R aging, cancelled invoices, and contract support.
Expenses, receipts, vendor bills, vendor payments, A/P, and referral fees.
Software, hosting, recurring subscriptions, capital purchases, and CCA support.
ITC backup, tax entries, HST/GST remittances, and corporate tax payments.
Dividends, T5 support, shareholder-loan activity, and related journal entries.
Bank and card sessions, matched lines, transfer records, and exportable files.
Journal entries, general ledger, posting rules, mapping rules, and posting audit.
Financial statements, A/R, A/P, reconciliation, tax, owner, and exception schedules.
Automated accounting software reduces bookkeeping work without losing control.
Posting and mapping logic
For example, see how invoice, payment, expense, bill, tax, dividend and transfer records translate into GIFI accounts and debit or credit lines.
Missing-entry detection
Then, check which transactions should post, whether mapping exists and whether an accounting entry is present before reports are trusted.
Operate without daily dependency
Therefore, business owners can manage routine records, reconciliation, journals, P&L, balance sheet and schedules without waiting for a bookkeeper to reconstruct the business.
Build the review package from records kept all year.
Finally, the year-end workspace collects checklist status, supporting files, reviewer context, financial statements, journals, receivables, payables, reconciliations, tax schedules, owner activity, GIFI outputs and unresolved exceptions.
See how everyday activity becomes reliable financial reporting.
Bring one automated accounting software workflow—sales, expenses, reconciliation, journals, tax or reporting. Then, we will map the records, rules, controls, migration and implementation required.