An Accounting System Designed for Ease and Efficiency

Let's take a little swim in Steelhead accounting. It's super refreshing to see how smoothly accounting can flow when every department is completely interconnected within a single system. It is super efficient when there's no exporting CSVs, manually entering information, double-checking data, or getting headaches from problematic integrations.

Here, we can see all of our sales orders and invoices. As we scroll through the invoices, this icon here—the red notification dot—lets you know that it hasn't been sent into your accounts receivable yet. Just click the icon, and each line item will be categorized into an income account. Then click "Finalize." Now, just click "AR" here to jump into the accounts receivable dashboard.

Let's look at our balance forward statement for Boeing. I want to see what the recent transactions are and what they currently owe us. Here are all those transactions listed—they owe us $2,253. You can either send that statement over to them or, if you click on "Open Balance," it will show only outstanding invoices. Here we go—you can change the email subject line, add a message here, and then save and send. They receive their statement from you, send you a check, and then you can record that payment.

This is a list of all the invoices that are finalized and waiting to be paid. You can either select "Receive Payment" on the individual line item or click "Receive Payment" at the top. Select your customer, and all you have to do is put in the reference number if desired. Let's say today is Monday and we do bank deposit runs on Friday—so we'll put this payment into undeposited funds for now. Select which invoices are being paid by clicking the arrows; if you'd like to see the invoices separated by lines, just click this checkbox here.

Let's say they paid these two invoices—you can also upload a picture of the check and click "Save." At the end of the week, when I go to make my bank deposit, I click into AR payments, select the recent payments that I'm bringing to your bank, and click "Create Deposit." Fill in your date, bank account, reference number, and then save. Now once that deposit shows up in your bank account (if connected), it'll automatically be listed here—just click the link icon to match the transaction with Steelhead accounting records.

Steelhead accounting lets you easily go upstream to see where everything came from—click on the ID number to go to the deposit, AR payment, or invoice number. This brings you right to the invoice where you can see all the information. You can click back into AR or the journal entry—it tells you everything: the item, sales order line—everything is linked.

On the other side of Steelhead's Lake of Accounting, we have accounts payable which functions very similarly to AR. Starting from our issued purchase orders—we need some Shadow Black Powder from PPG. They sent us the bill—let's click "Receive Bill." Just put in your information: invoice number, invoice date, ship date, due date—then click "Create Bill."

Navigating to bills here at the top—you have the same icon as on the invoicing page with the red notification dot. Just click it to double-check your accounts (e.g., prepaid expenses and AP), click "Save," and jump directly into AP from here.

You want your three-way match between the bill itself, purchase order, and received items. In this case, we haven't received what we ordered yet—so we won't pay this bill yet. But once we do receive this item, we get an automatic journal entry—all you have to do is click "Save." When you go back into that bill later—you'll see that we ordered 50 units, got billed for 50 units, and finally received 50 units.

Now I'll go make that payment from within accounts payable—the payment will come out of my Bank One account—and I'm paying by check. Put in your check number; once that transaction shows up within your bank records—you can match it again easily by going upstream: click on ID → AP payment → bill → invoice—and see how everything is directly connected.

Steelhead also supports standard accounting features like income statements, balance sheets, trial balances, account configuration options—and manual journal entries if needed.

That was a refreshing swim in Steelhead's Lake of Accounting! I'm sure you can see how every river flows into this lake—and each part is fully connected and traceable back to its source—all built for your convenience.