EZ-Ledger

EZ-Ledger is a software application developed by Segbay Inc. that aims to streamline financial reporting processes for businesses of all sizes. According to the vendor, the application automates the conversion of CSV statements from financial institutions into General Ledgers and Profit & Loss summaries required for tax reporting purposes. EZ-Ledger is marketed towards accountants, financial professionals, bookkeepers, tax preparation services, and small business owners across various industries.

Key Features

CSV to G/L Converter: According to the vendor, EZ-Ledger allows for the conversion of CSV statements from most financial institutions into Profit & Loss summaries and General Ledgers needed for tax reports. The application provides automated formulas and processing tools to extract, convert, and process data from CSV statements, which the vendor claims can save time and effort in creating financial reports.

Customized General Ledger and Profit & Loss Reports: EZ-Ledger enables users to build customized General Ledger and Profit & Loss reports with fast and easy setup. The software converts CSV statements into an Excel data format, making it accessible and editable for further analysis and customization. The vendor states that the software includes a smart layout parser with preset parsing options, allowing users to quickly get started and customize the parsing rules to fit their specific needs.

Powerful Parsing Rules: According to the vendor, EZ-Ledger provides powerful parsing rules tailored to the user's specific use-case. Parsing rules are simple instructions that guide the parsing engine to extract, convert, and process the desired data from the CSV statements. Users can define parsing rules to extract header data, dates, descriptions, and amounts, which the vendor claims ensures accurate and efficient data processing.

Built-in Character Recognition Engine: The application features a built-in character recognition engine that extracts text from the CSV records. According to the vendor, this engine enables a fast and automated formula builder to process the entire statement with just one click, eliminating the need for manual data entry.

Smart Filters for CSV Processing: EZ-Ledger includes smart filters that automatically extract header data, dates, descriptions, and amounts from the CSV statements. The vendor states that these filters simplify the setup process and require minimal training, ensuring efficient and accurate data extraction.

Fast Processing and Statement Organization: The software arranges CSV statements in pages customized by monthly activity of clients. Users can create and export issue statements to send to clients for unknown activities and easily import them back into the application. According to the vendor, EZ-Ledger ensures fast processing of CSV statements, optimizing workflow and productivity.

Secure Document Storage and Reporting: Users can save the General Ledger, Profit & Loss, and reconcile documents on their server, cloud services, or external drives for easy access and tax reporting purposes. The application allows the creation of special reports from the general ledger, filtered by specific criteria such as date range, transaction type, and description. The vendor claims that these reports are useful for audit purposes and provide additional insights into financial data.

Additional Features: EZ-Ledger offers additional features such as Quick Checks Editor, Trail Balance and Bank Reconciliation templates, Payroll reports, and 1099 reports. According to the vendor, the software ensures a secure application environment, working only on the user's local machine(s), and can be set up on servers or individual computers.