Accounting & Finance
Every invoice, bill, delivery and payment posts a balanced journal entry the moment it happens. Your accountant reviews the books instead of rebuilding them.
When accounts sit in a separate package, someone has to copy every transaction across, and every copy is a chance to get it wrong. In Square Loop, accounting is part of the same system as your sales, purchasing and stock, so the books are always current and always traceable.
Automatic postings
Sales invoices, purchase bills, deliveries, receipts, payments and returns each post the correct debits and credits to your chart of accounts. Every journal links back to its source document, so any figure can be traced in two clicks.
Receivables and payables
Record receipts and payments against specific invoices and bills, or as advances to apply later. Manage post-dated cheques from receipt to clearance. Send automated payment reminders, and let customers pay online through a secure payment link.
Banking
Import your bank statement, match lines to receipts and payments, and post bank charges or gateway settlements directly from the reconciliation screen.
VAT and multi-currency
Input and output VAT are captured on every document, and the VAT Return report summarises them for filing. You can trade in any currency. Square Loop keeps your ledger in base currency and posts realised and unrealised exchange gains and losses.
Control and close
Lock a month once it is closed so nothing can be posted into it by mistake. Trial balance, profit and loss, balance sheet and cash flow are live at any moment.
Easy go-live
Import customer and vendor opening balances and advances from Excel, along with legacy outstanding invoices and bills, so collections continue without a gap.
No double entry
Month-end in days, not weeks
Audit trail on every figure
VAT-ready reporting
No. Square Loop includes the general ledger, receivables, payables, banking, VAT and financial statements.
Yes. Every journal entry links to the document that created it, and posted documents are corrected through reversals, never silent edits.
Yes, from entry to clearing, with reminders on cheque dates.
Related modules
Every module shares the same customers, items and ledger. See all features or go back to the Square Loop home page.
Quotations, orders, deliveries and invoices in one flow
Requests, POs, GRNs, bills and landed cost
40+ live reports and role-based dashboards
Quotations, live stock, barcode scanning and approvals on Android and iOS.
Book a free 45-minute demo and see Square Loop Accounting & Finance working with your own products and processes.
Square Loop is the ERP built for trading businesses. Sales, purchasing, inventory, accounts, CRM, delivery and HR work together in one loop, on the web and on your phone.
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Office
Al Helali Street
Al Nahyan, Zone 1
Abu Dhabi, UAE
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