Understandable controls
What the product does not assume.
Correct setup and qualified review remain the customer's responsibility. OwnCents is not an accountant, auditor, tax adviser, or statutory filing service.
Accounting and reporting
Coordinate revisioned close work, automatic readiness, reviewer separation, and controlled period transitions.
Product story
Accounting and reporting
The problem
Accounting integrity erodes when classification, approvals, posting, reports, reconciliation, and close evidence are disconnected or editable after the fact.
Workflow
Configure legal-entity accounting authority.
Prepare balanced work in an eligible period.
Apply the required review and posting controls.
Read immutable ledger evidence through reports, reconciliation, and close.
Capabilities
Understandable controls
Correct setup and qualified review remain the customer's responsibility. OwnCents is not an accountant, auditor, tax adviser, or statutory filing service.
AI relationship
AI may suggest or explain accounting work, but cannot approve, post, close, alter posted entries, override classifications, or create balancing plugs.
In practice
Hypothetical example: a preparer submits an accrual, a separate authorized reviewer approves it, and a later correction is retained as a reversal rather than an edit.
Related product
Accounting and reporting
Prepare, submit, approve, post, and reverse journals through explicit policies and maker-checker controls.
Explore featureAccounting and reporting
Generate Profit and Loss, Balance Sheet, and Cash Flow views from controlled account classifications and postings.
Explore featureSee it in context
Explore a fixed fictional workspace, or start a trial with your own supported financial data.