👌 Accrual Accounting Features

1. Fixed Assets Management:
   
   We’ve launched a full-fledged Fixed Assets module designed to help small businesses properly capture and manage long-term assets, such as equipment, tools, machinery, and vehicles.
   
   With this update, Adam automatically handles all depreciation calculations, books the correct periodic entries, and updates your balance sheet without requiring any manual work.
   
   Many solopreneurs and small businesses are often forced by basic bookkeeping tools to record fixed assets as expenses, creating inaccurate books and broken financial statements.
   
   Adam now ensures your assets are recorded correctly from day one, maintaining true accounting integrity with zero expertise required.
   

2. Invoice & Bills Matching + Bank Reconciliation:
   
   You can now fully adopt accrual-based accounting inside Adam. Upload sales invoices from your existing invoicing software and add your bills, including those that weren’t paid immediately, such as credit purchases or installments for fixed assets.
   
   As your bank transactions sync into Adam, simply match each transaction to the corresponding invoice, bill, or asset payment.
   
   This provides:
   - Accurate revenue recognition
   - Correct expense allocation
   - Seamless reconciliation between bank activity and business records
   - Full compliance with global accounting and tax requirements
   
   This feature brings exceptional clarity and eliminates the inconsistencies that come with cash-only bookkeeping.
   

3. Receivables & Payables Aging Reports:
   
   We’ve introduced a detailed Aging Report for both receivables (customers owing you) and payables (suppliers you owe).
   
   Adam automatically organizes your invoices and bills into aging buckets, such as current, 1–30 days, 31–60 days, 61–90 days, and 90+ days overdue, while providing clear interpretation to help you understand priority items at a glance.
   
   Quickly identify:
   - Customers with long-outstanding invoices
   - Bills that need urgent attention
   - Cash flow pressure points
   - Trends in delayed payments
   
   This gives you stronger financial visibility and better control over your business’s liquidity.
   

4. Transaction Splitting During Categorization:
   
   You can now split a single bank transaction into multiple line entries when categorizing.
   This is especially useful when one bank transaction contains multiple components, for example, a payment that includes both the main amount and bank charges.
   
   With transaction splitting, you can allocate each portion to the correct account category, ensuring more accurate reporting, cleaner books, and better reconciliation outcomes.
   

5. Developer API:
   
   You can now generate a developer API key for your business on useadam and integrate it with any platform of your choice for more custom data sync. You can check out the developer API via https://developer.useadam.io/introduction

   
   
   See you next month!