Shared application / LIMITED PROTOTYPE

Aequivor Accounting & Bookkeeping

All packages; deeper workflows planned for Chartered Accountants

Current availability

Payroll now supports local INR employee records, effective reviewed contribution profiles, proration, configured PF/EPS/ESI, manual TDS/state deductions, independent payroll posting, payslips/register CSV, recorded completed payments and protected reversals. India tax preparation includes signed GST control classification, 2B comparison CSV/matching, TDS evidence, independent workpaper review, source-change blockers and internal CSV exports. No provider is connected. Automatic statutory determination, official filing formats, live submissions and government acknowledgements remain pending. Draft invoice issuance now supports attributed preparation, independent Owner/Admin approval, submitted snapshots, self-review rejection, pending edit/void protection, withdrawal/rejection and retained history. Approval rechecks the client, dates, accounts and stock before atomic issuance, journal posting and linked stock deduction. Accountants must submit; a separate company policy can require approval for all draft issuance. Older issued invoice posting, Paid labels and voiding retain existing controls. Customer receipt accounting drafts now support independent Owner/Admin approval, preparer identity, submitted snapshots, self-review rejection, withdrawal/rejection and retained history. Drafts leave balances unchanged; approval rechecks current invoice version, outstanding, dates, accounts and customer references before atomic posting. Accountants must submit; a separate company policy can require approval for all customer receipt records. This records receipts already received and does not collect money. Supplier payment accounting drafts now support independent Owner/Admin approval, preparer identity, submitted snapshots, self-review rejection, withdrawal/rejection and retained history. Drafts leave balances unchanged; approval rechecks current bill version, outstanding, dates, accounts and references before atomic posting. Accountants must submit; a separate company policy can require approval for all supplier payment records. This records payments already made and does not transfer funds. Purchase bills now support independent Owner/Admin approval and posting, preparer identity, submitted amount snapshots, self-review rejection, withdrawal/rejection and retained review history. Accountants submit bills for approval; a separate company policy can require independent approval for every purchase bill. Bill reversal retains existing controls. Independent manual/imported journal review now supports a different Owner/Admin approving and posting, own-review rejection, withdrawal/rejection and retained submission/decision history. Accountants submit instead of directly posting; company owners/admins can require independent approval for all manual journals. Other automated transaction workflows and reversals retain their existing controls. Local and unpublished. Separate companies, original-workspace settings, verified-email company roles and 14 two-decimal base/transaction currencies are implemented. Reviewed immutable manual rates, foreign receivables/payables, partial/full completed base-bank settlements, realised/unrealised exchange postings and reversals work locally. Base-currency reports and reviewed group management consolidation with translation reserve, balanced worksheet eliminations, snapshot checks and CSV are available. Live rate feeds, foreign-currency bank holdings, other decimal conventions, independent approvals and statutory group consolidation remain outside this implementation. Reviewed company-base journal CSV draft imports now include account/date/amount/group validation, exact duplicate detection, atomic saving, source history and cancellation of unposted batches. Imported journals require individual review and posting. Customer invoice, supplier bill and combined party statements now have print previews with dates, balances, movements and warnings; PDF saving uses the browser print dialog. Source documents now supports reviewed private attachments linked to accounting transactions, file checksums, target-version checks, downloads and retained archive/restore history. Opening migration now maps existing posted two-line control/equity opening journals to parties through reviewed CSV without duplicate posting; credit openings, control reconciliation preview and reversible mapping are available. Full document history migration, direct PDF downloads, OCR and independent document approval remain. Reviewed April–March year-end closing now transfers income/expense balances to retained earnings with snapshot checks, protected dates, reversal history and consistent operating P&L/carry-forward. Earlier year balances, drafts and missing postings block closing. Independent approval, statutory adjustments, other fiscal-year calendars and production review remain; company-scoped April–March closing uses each company base currency. Razorpay Test Mode orders, checkout, signature/provider checks and signed/deduplicated webhook processing are implemented; merchant secrets and end-to-end tests are pending. Test payments never post the ledger. A searchable 124-entry RBI India bank directory and CSV are available; all bank API adapters remain unimplemented and unconnected, with Kotak prioritised. Live collections, invoice allocation, settlements, fees and refund execution remain planned. Supplier contact records, manually agreed payment terms and active/inactive tracking are available; Reviewed expense purchase bills now post expenses, manually entered tax control and payables with dated reversals; Supplier payments now record full or partial payments already made against one posted bill, update bill outstanding and post payables/cash/bank entries; dated reversals retain history. Dated bill-based supplier statements, supplier ageing and CSV downloads are available locally. Customer/supplier advances can be recorded once and allocated across up to 20 same-party posted invoices/bills with guarded reversals. Unallocated amounts stay separate from document ageing; reviewed allocations appear in dated customer/supplier reports. Reviewed sales and supplier bill credits, including paid documents, dated reversals, adjusted settlement limits and statement history are available locally. Recorded customer refunds paid and supplier refunds received support partial/full document credits, cash/bank posting, reviewed limits, bank-match protection and dated reversals. Combined customer/supplier ledgers now include linked documents and advances with control reconciliation and CSV. Unused advance refunds record money already returned, with limits, dated reversals and bank-match protection. Cash movements and saved monthly budgets support actual comparisons, audit and CSV. Expansion tools calculate straight-line depreciation, prepayment releases, accruals and recurring journal schedules, with reviewed individual drafts and CSV; persistent asset registers and automatic schedules are not implemented. Delivery status lists all remaining core and expansion work. Reviewed positive customer/supplier opening dues, additional charges and partial/full cash/bank settlements now post linked balanced journals with dated reversals. Combined party ledgers include their dated movements. Opening-credit customer refunds paid and supplier refunds received now support reviewed partial/full cash/bank posting and dated reversals with retained history. Complex/split opening migration, credit allocations, advance allocation to these entries and inventory cost/physical returns remain planned. Reviewed same-party invoice/bill credit transfers, dated reversals and historical statement movements are available locally; total control balances stay unchanged and no funds move. Cross-party transfers and transfers involving opening dues or additional charges remain unimplemented. Working accounting overview with dated balances and current review queues. Ledger foundation: balanced drafts, immutable posted entries, dated reversals, financial reports and exports. Invoice issuance and voiding automatically post and reverse ledger entries; older invoices require explicit posting. Bank CSV import, reviewed exact matching and live reconciliation balances are available. Reviewed period date locks and audited reopening are available. Customer invoice receipts post cash/bank and receivables entries; partial payments, outstanding balances and audited reversals are available. Profit and loss, balance sheet and account ledger CSV downloads include report dates and balances. Dated customer invoice statements, invoice ageing and CSV downloads are available; unposted invoices are flagged and excluded. Full accounting suite remains in development.

Open Accounting product ↗

Package specification

Separate companies and company roles
14 base and transaction currencies
Reviewed FX gains/losses and reversals
Group management consolidation with CSV
Reviewed year-end retained-earnings closing
Closing date protection and same-date reversals
Operating P&L and carry-forward consistency
Reviewed same-party invoice/bill credit transfers
Dated credit-transfer reversal and statement history
Reviewed party-linked opening dues and additional charges
Partial/full party cash or bank settlements
Dated party entry and settlement reversals
Combined party statement history and CSV
Razorpay Test Mode orders and checkout (setup required)
Signed Test webhook processing (setup required)
India bank directory with 124 RBI entries
Bank directory search, categories and CSV
Dated supplier bill statements
Supplier bill ageing
Supplier statement and ageing CSV downloads
Reviewed supplier payment recording
Partial and full bill payment allocation
Current bill outstanding balances
Dated supplier payment reversals
Reviewed expense purchase bills
Bill posting and dated reversals
Supplier contact register
Supplier payment terms and references
Accounting overview
Cash, bank, customer dues and financial-year profit summary
Current drafts and unposted invoice review
Chart of accounts
Balanced INR journal entries
Opening balances
Sales, purchases, receipts and payments recorded as journals
Draft review and posting
Dated reversals
Trial balance
Profit and loss
Balance sheet
General, cash and bank ledgers
Trial balance, profit and loss, balance sheet and account ledger CSV downloads
Full audit export
Bank statement CSV import
Reviewed bank transaction matching
Unmatched items and balance differences
Accounting period review
Audited date locks and reopening
Partial customer receipts
Current invoice outstanding balances
Audited receipt reversals
Dated customer statements
Invoice ageing buckets
Customer statement and ageing CSV downloads

This is the intended package scope. Current prototype availability is listed above.

Standard workflow

Set up accounts → record balanced transaction → review draft → post → inspect reports → reverse mistakes with history retained

Templates and reports to deliver

Standard 12-account chart; journal entry; opening balance

Trial balance; profit and loss; balance sheet; account ledger; customer invoice statements; receivables ageing