Advanced GL Accounting

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Professional Accounting Software And Services Platform.

Accounting from BOBOSOHO

Best Gl Accounting

Payment can be made in these currencies [EUR(€), USD($), GBP(£),
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choose your plan GL Accounting GAAP 39.50 € $ £ GL Accounting IFRS/IAS 90.00 € $ £ GL Accounting AASB 90.00 € $ £
Bobosoho Product Group
Primary Dashboard
Monthly Transactions: Unlimited Unlimited Unlimited
Number of user access via cloud / application
Unlimited Users – Multi Access Unlimited Users – Multi Access Unlimited Users – Multi Access
Interactive: Collective usage instantly, Updates all
processing, Facilitating immediate view & edit, Print for all
Business Settings: Business Details, Agenda Planner,
Language Settings, Email Settings, Project Setup, Income/Expense
Categories, Exchange Rates, Payment Settings
Multi Currency
Multi Language (translator)
Bank Accounts Bank Statement
Bank Reconciliation
Import Bank Transaction
Auto Processing
Accounting: Accounting Years Chart of Accounts Account
Categories Account Types Journal Entry View Journal Modify Journal GL
Import Journal For
Automatic Processing
Taxes: TAX Rates Item TAX Types Sales Tax Settings View And
Print Tax Reports
Sales Tax Return Auto Fill-up Reports Email Tax Return
To Tax Office
Suppliers: Supplier Setup
Customers: Customer Setup
Project Management
Product/Service: Product
/ Item Setup Product Categories Units of Measure Sales Pricing
Purchasing Pricing Stock Status Stock Adjustments Stock Reorder Levels
Inventory Management
Income: Add Income Income Register
Invoices: New Invoice View Invoices Customer
Transactions Payments Invoice from template Repeat Invoices Rerun
Invoices New Quotation View Quotations Rerun Quotations
Expense: Add Expense Expense Register
Purchase Invoices: New Purchase Order View Purchases
Supplier Transactions Payments Repeat Purchases Rerun Purchases
Budgeting: Create / View Budget View Budget By GL
Asset Register: Asset Types Assets Amortization
Audit Trail
Reporting: Printable Reports Graphical Reports
Standard GAAP Reporting:

  • Balance Sheet (Including Notes)
  • Profit & Loss (Including Notes)
  • Cashflow (Including Notes)
Dedicated GAAP Reporting:

  • Balance Sheet (Including Notes)
  • Profit & Loss (Including Notes)
  • Cashflow (Including Notes)
Dedicated IFRS Reporting:

  • Statement of Financial Position (Balance Sheet)(Including Notes)
  • Statement of Comprehensive Income (Profit & Loss) (Including Notes)
  • Statement of Changes in Equity (Including Notes)
  • Cashflow (Including Notes)
Dedicated AASB Reporting:

  • Balance Sheet (Including Notes)
  • Profit & Loss (Including Notes)
  • Cashflow (Including Notes)
Import / Export: Import Items Import Journal Entry
Import Chart of Accounts Export Data Import Bank Statement
Dedicated Digital Company Tax and Sales Tax Reporting per
(Plugged into clients tax office on request)
Payroll Dedicated Software (15.95 € included)
Help Online Help Text Support Videos


10 GAAP Principles:

1. Principle of Regularity: GAAP-compliant accountants strictly adhere to established rules and regulations.

2. Principle of Consistency: Consistent standards are applied throughout the financial reporting process.

3. Principle of Sincerity: GAAP-compliant accountants are committed to accuracy and impartiality.

4. Principle of Permanence of Methods: Consistent procedures are used in the preparation of all financial reports.

5. Principle of Non-Compensation: All aspects of an organization’s performance, whether positive or negative, are fully reported with no prospect of debt compensation.

6. Principle of Prudence: Speculation does not influence the reporting of financial data.

7. Principle of Continuity: Asset valuations assume the organization’s operations will continue.

8. Principle of Periodicity: Reporting of revenues is divided by standard accounting periods, such as fiscal quarters or fiscal years.

9. Principle of Materiality: Financial reports fully disclose the organization’s monetary situation.

10. Principle of Utmost Good Faith: All involved parties are assumed to be acting honestly.


IFRS Rules:

IFRS 1 First-time Adoption of International Financial Reporting Standards

IFRS 2 Share-based Payment

IFRS 3 Business Combinations

IFRS 4 Insurance Contracts

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

IFRS 6 Exploration for and Evaluation of Mineral Resources

IFRS 7 Financial Instruments: Disclosures

IFRS 8 Operating Segments

IFRS 9 Financial Instruments

IFRS 10 Consolidated Financial Statements

IFRS 11 Joint Arrangements

IFRS 12 Disclosure of Interests in Other Entities

IFRS 13 Fair Value Measurement

IFRS 14 Regulatory Deferral Accounts

IFRS 15 Revenue from Contracts with Customers

IFRS 16 Leases

IFRS 17 Insurance Contracts


AASB Standards:

AASB 1 First-time Adoption of Australian Accounting Standards

AASB 2 Share-based Payment

AASB 101 Presentation of Financial Statements

AASB 1023 General Insurance Contracts

AASB 1031 Materiality

AASB 1038 Life Insurance Contracts

AASB 1048 Interpretation and Application of Standards

AASB 1053 Application of Tiers of Australian Accounting Standards

AASB 1054 Australian Additional Disclosures