The books write themselves as you work.
Sales, expenses, stock and payments post to your ledger as they happen, balanced every time.
| Account | Debit | Credit |
|---|---|---|
| Accounts receivable | R12 765.00 | |
| Sales | R11 100.00 | |
| VAT output | R1 665.00 | |
| Total | R12 765.00 | R12 765.00 |
✓ Balanced. Posted automatically, no manual journal.
From invoice INV-0412 to Thandi Mokoena
Your bank statement, reconciled.
Download the statement from your bank and bring it in. BX1X matches what it can and lists what needs a look.
- Import the statementUpload a CSV file and map its columns once.
- Nothing counted twiceDuplicate and overlapping lines are caught, and opening and closing balances are checked.
- Match and clearStatement lines are matched to what's in your books.
- Fix what's leftAnything unmatched waits in a list until someone deals with it.
| Bank statement | Status | In your books |
|---|---|---|
| EFT from T MOKOENA+R12 765.00 | Matched | Payment on INV-0412R12 765.00 |
| EFT to TIMBERCO-R4 380.00 | Matched | Supplier bill SB-0077R4 380.00 |
| BANK CHARGES SEP-R186.50 | Needs a look | Nothing yetAdd as an expense |
The reports your accountant asks for.
- Trial balance
- Profit and loss
- Balance sheet
- General ledger
- Cash movement
- VAT ledger
Export any of them to CSV. The postings come from your invoices and payments, your stock, your supplier bills and expenses and your foreign-currency sales, so the reports are up to date without anyone typing them in.
Checks and balances, built in.
The controls a growing business needs, so one person can’t quietly change the numbers.
Questions owners ask
Do I still need to capture journals by hand?
Mostly not. Invoices, payments, supplier bills, expenses and stock used post balanced journals to your ledger as they happen. For the manual journals you do need, a second person has to post them.
How does bank reconciliation work?
Download your statement from your bank as a CSV file and import it. BX1X catches duplicate and overlapping lines, checks the balances, matches lines to your books and lists what's left for someone to deal with.
Does BX1X connect directly to my bank?
No. There is no live bank feed. You import the statement as a CSV file, which you can download from your online banking.
Which reports can I give my accountant?
Trial balance, profit and loss, balance sheet, general ledger, cash movement and the VAT ledger. Each one exports to CSV.
How does BX1X handle VAT?
Input and output VAT is recorded on each document, fixed when the document is posted and checked against your VAT accounts. The VAT ledger report gives you the detail for your return; BX1X doesn't submit returns to SARS.
Can someone change last month's figures?
Not once you lock the period. Posted entries can't be edited either: a correction is a new entry, and accounting events stay in an audit trail you can export.
Show your accountant.
Get a demo account with sample data and walk through the postings, the bank reconciliation and the reports together.