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The service provides access to and interaction with the provider's suite of online accounting tools. It allows for integration of accounting functionality with other applications such as e-commerce and vendor management tools to automatically book financial transactions such as sales revenues with resulting receivables and invoices with resulting payables. Reporting functions generate standard accounting statements according to generally accepted accounting principles (GAAP).
API methods support the full range of accounting functions, including creating and updating the chart of accounts, booking general ledger transactions, assigning transactions to specific accounts, managing accounts receivable and accounts payable, etc. Reporting methods generate income (profit and loss) statements, balance sheets, cash flow statements, etc.
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