Updates to bills, invoices, transactions, and Schedule F exports
Over the last month we’ve added improvements to workflows throughout Ambrook including the ability to duplicate bills or invoices and new internal memos that can be added to any transaction on the ledger. And, with tax season right around the corner, we’ve released more robust schedule F exports to streamline your year-end review.
Duplicating bills or invoices
If you have recurring invoices you may find yourself re-entering a lot of the same information month over month, so we built a button to do that for you. Clicking the three-dot menu next to an invoice will open a menu with a Duplicate Invoice option on it. Selecting this will create a new invoice in draft form that has all the information copied over including customer details, line items, descriptions, and tags. This also works for your bills.
Add notes to transactions
You may want to add notes to transactions in your ledger for any number of reasons. Maybe you want to add some context about a check you wrote. Or maybe you got paid for something you never made an invoice for, and you need somewhere to write down their delivery address. With internal notes you can do all that and more. Just click + Internal Note underneath the description and type anything that is relevant.
New Schedule F exports
In the Exports page on Ambrook, found in your settings, there is now a new option for Schedule F Breakdown. You can run this report over any date range, on either a cash or accrual basis, and at a summary or detailed level. A Summary report will give you a breakout of all your Schedule F totals broken out by the box number they correspond to on the form. As a reminder, this will be based on the Schedule F box you associated your category tags with while creating your chart of accounts.
You can also run a Detailed Schedule F report which provides a full list of all the transactions that are contributing to the box number totals. This report is useful for either you or your accountant in reviewing how things were tagged over the year and for making sure nothing is mis categorized.
In case you missed it
This year we’ve also added some powerful new capabilities to Ambrook that you may have already heard from us about including:
Contact associations on transactions
Excluding transactions
For any training sessions on how to use these new tools, or if you want to let us know how we can continue improving Ambrook for you, feel free to reach out to schedule a call. We love hearing from you!
What’s sprouting next 🌱
For next few weeks we will be working to build out bank transaction recording - a place in Ambrook where you can review transactions from your bank feed to record or exclude them before they post to your ledger.
In other big news, Ambrook Research launched its podcast The Only Thing That Lasts. You can listen to the first episode here. Be sure to subscribe to get notified when future episodes are released.
