A rock-solid accounting foundation
Built on a full double-entry general ledger. Chart of accounts, journal entries, bank reconciliation, and every financial report you need for compliance and decision-making.
Businesses using proper double-entry accounting...
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Built for accountants. Designed for business owners.
Core Accounting
True double-entry bookkeeping under the hood
Some accounting apps store transactions in a simplified single-entry format that looks like double-entry on the surface but breaks down when you need proper financial statements. Note.now is built on a genuine double-entry general ledger. Every transaction creates balanced debit and credit entries. Your trial balance always balances. Your balance sheet always ties. Accountants and auditors will thank you.
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Core Accounting
Chart of accounts tailored to your business
Note.now comes with industry-standard chart of account templates that cover the most common business structures. You can add, rename, merge, and reorganize accounts to match your specific reporting needs. Account types (asset, liability, equity, revenue, expense) drive automatic financial statement classification - no manual report building required.
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Core Accounting
Financial reports that update in real time
Your Profit & Loss, Balance Sheet, and Cash Flow Statement update the moment a transaction is entered or reconciled. There is no "run report" delay - you always have a current view of your financial position. Reports can be filtered by date range, department, project, or location, and exported to PDF or Excel for your accountant or board.
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Core Accounting
VAT, GST, and sales tax compliance built in
Note.now supports multi-rate tax environments out of the box. Every transaction line can carry a tax code (standard rate, reduced rate, exempt, zero-rated) and Note.now calculates the tax liability automatically. VAT return reports (for the UK) and sales tax summaries (for US and Canada) are generated in the correct HMRC and CRA formats, making filing straightforward.
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Why a real double-entry ledger matters
“Businesses using proper double-entry accounting are 40% less likely to face HMRC or IRS audit penalties”
Tax authorities look for consistent, balanced records when assessing returns. A proper double-entry ledger provides the audit trail that single-entry systems cannot.
“CFOs and accountants spend up to 30% of their time fixing data quality issues in poorly structured accounting systems”
Starting with a properly designed chart of accounts and a real general ledger saves enormous cleanup time later, especially as the business grows and reporting requirements increase.
How your books stay accurate automatically
Simple steps. Lasting results. No accounting knowledge required.
Set up your chart of accounts
Choose from an industry template or build your own. Note.now maps each account to the correct financial statement category automatically.
Transactions enter the ledger automatically
Every invoice, bill, expense, and bank transaction creates balanced journal entries in the background. You never have to manually write a journal unless you need to make an adjustment.
Run reports anytime with live data
Open the Reports section and generate your P&L, Balance Sheet, or Tax Summary at any time. All reports reflect the latest reconciled data and can be filtered, compared, and exported.
Core accounting features included
Frequently asked questions
Do I need to understand accounting to use Note.now?
No. Note.now is designed so that business owners without accounting training can manage their books effectively. The double-entry system works in the background - you enter invoices, expenses, and bank transactions in plain language, and the system handles the accounting mechanics. Your accountant can review the underlying ledger detail at any time.
Can I create manual journal entries for adjustments?
Yes. Note.now supports full manual journal entry creation for accountants who need to make period-end adjustments, accruals, deferrals, or depreciation entries. Journals can be set as recurring and include a memo field for audit documentation.
How does Note.now handle multi-currency accounting?
Note.now supports a base currency for your entity and allows transactions in any other currency. Foreign currency invoices and bills are converted to base currency at the transaction date rate (using mid-market rates from an integrated forex feed). Unrealized and realized exchange gains/losses are calculated and posted automatically to the correct ledger accounts.
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Ready to try Core Accounting?
Join 10,000+ businesses that run their accounting on Note.now. Start your free 7-day trial - no credit card needed.