Does nextesy handle double-entry bookkeeping automatically?

Yes, for the most part. The AI in nextesy takes care of routine double-entry bookkeeping; you keep track of the big picture and only intervene where necessary. You do not need any accounting knowledge for this.

What nextesy does for you

• Recognising receipts: Upload a receipt and the AI automatically extracts the amount, currency, and recipient.

• Account allocation: nextesy suggests the right account, so you do not have to search through the chart of accounts.

• Posting bank transactions: Payments from Banking are matched automatically. You can post recurring transactions fully automatically using your own rules.

• Invoices and payments: Everything you create in Sales ends up automatically in accounting.

Neatly recorded in debit and credit

Every transaction is recorded correctly under debit and credit. This continuously generates the balance sheet and income statement, without you having to catch up on everything at the end of the month.

More on accounting

nextesy supports both double-entry and single-entry bookkeeping. Find out more on the Accounting page.