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VaretiqVaretiq

Platform

The ledger everything else answers to

Varetiq keeps one set of books. Every invoice, bill, payroll run and bank transaction posts into the same double-entry ledger, so what you see on a report is what actually happened.

  • Double-entry general ledger
  • Accrual or cash basis
  • Every change is logged
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VaretiqGeneral Ledger
All entriesUnposted 3Reconciled
DateReferenceAccountMemoDebitCredit
Nov 03INV-20411200 · Accounts ReceivableNorthlake Partners18,400.00—
Nov 03INV-20414010 · Service RevenueNorthlake Partners—18,400.00
Nov 06BILL-8896120 · Contract LaborHalden Fabrication7,250.00—
Nov 08JE-1146400 · Prepaid InsuranceMonthly amortization1,083.33—
Nov 12PAY-276010 · WagesSemi-monthly payroll41,905.62—
Nov 14BANK-33121010 · Operating CashDeposit — merchant batch12,980.44—

Period debits and credits agree. 3 entries await review before posting.

General Ledger interface preview with demonstration data.
Ledger of record
1

Modules post here, never beside it.

Reporting bases
2

Accrual and cash, switchable per report.

Entries attributable
100%

Who, when, and what changed.

Silent auto-postings
0

Suggestions wait for a person.

Chart of accounts

A structure you can read out loud

Start from a chart built for your kind of business, then rename anything into words your team already uses. Varetiq keeps the accounting classification underneath so reports stay correct even when your labels are casual.

In practice

  • Plain-language names sit beside formal account types
  • Locations, classes, and projects tag entries without new accounts
  • Archiving preserves history instead of deleting it
  • Account changes are versioned and reversible

Banking & reconciliation

Reconciliation that shows its work

Match transactions against the ledger with the difference always visible. When a statement will not tie out, Varetiq narrows the search to the entries that could explain the gap rather than asking you to scan the whole month.

In practice

  • Running unreconciled difference, never hidden
  • Suggested matches ranked with the reason for the match
  • Partial and split matches supported
  • Locked periods stay locked after close

Journal entries

Adjustments with a paper trail

Recurring accruals, amortizations, and reclasses are templated, scheduled, and reviewable. Anyone reading the books later can see the reason for an entry without asking the person who made it.

In practice

  • Required memo and supporting document on manual entries
  • Reversing entries created as a linked pair
  • Approval routing for entries above a threshold you set
  • Full audit log export

How it works

How a transaction becomes a number on a report

  1. It arrives

    Capture

    A bank feed line, an invoice you sent, a bill someone emailed, or a payroll run.

  2. Varetiq proposes

    Suggest

    The likely account, class, and match, with the reasoning shown next to the suggestion.

  3. A person decides

    Review

    You accept, correct, or ask a question. Nothing posts to the ledger without that decision.

  4. It posts

    Post

    Balanced debits and credits, stamped with who approved it and when.

  5. It reports

    Report

    The entry flows into statements, dashboards, and the close checklist immediately.

Questions

Straight answers

Interface previews on this page use demonstration data. Availability of individual capabilities may vary by plan at launch.

See the ledger with real-looking books

Walk through the accounting workspace with demonstration data before you talk to anyone.

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