New Stuff in Less Accounting

There are a few new things in Less Accounting that I want to tell you about.

1. Profit and Loss Report.

This report is also called an income statement. We have been planning to add this report (and a Balance Sheet) sooner or later, but my accountant wanted it now, so we wrote it this week. To go along with this report, you can now:

2. Categorize your deposits.

If you make a deposit from the invoice screen, that deposit will automatically be marked as “Regular Income,” but if you go to the Deposits screen you can now choose between Regular Income (which still lets you optionally choose an invoice the deposit goes with), Interest Income, Other Income or Expense Refund (which lets you assign the deposit to an expense category).

3. Easier navigation.

When you are looking at any invoice, proposal or note that has a contact associated with it, you will be given links that allow you to limit the items in the selector at the top of those pages to only show invoices/proposals/notes from that contact.