Through 2025 and 2026, we’re reshaping SmartRec’s accounting tools to give you more control, clarity, and flexibility—from how you manage ledger accounts to how you recognize revenue. These updates will make your accounting experience more intuitive, customizable, and aligned with the way you work.
Why are we making these changes?
Accounting practices and revenue recognition aren’t one-size-fits-all. While SmartRec supports both cash and accrual methods, organizations differ in how they practice each method, and some need more flexibility in how and where revenue is recognized across their accounts.
To support this need for customization, we're reworking SmartRec's accounting solution to let organizations have more control in their accounting setup.
What’s changing?
We’re starting with the foundation: ledger code management. The first visible change will be a redesigned page in the Accounting and finance tab —formerly the Ledger Codes subtab, now renamed Chart of accounts.
We'll update this article to keep you informed as more improvements roll out!
👋 Old | 😍 New |
The ledger codes subtab did not allow you to search for ledger codes, and archived ledger codes were listed at the bottom of the page. | We've redesigned the ledger code subtab as a first step toward smarter ledger account configuration and management.
 🍬 Ledger account imports are also in the works. Stay tuned! |
FAQ
Several updates have been made to the Accounting and finance > Ledger codes subtab. While the terminology and layout have changed, all existing functionality remains—and future updates will give you even more control!
The new Chart of accounts will roll out to all organizations
during the last two weeks of August 2025.
👇 Here's a list of the initial updates to the Chart of accounts 👇
The Accounting and finance > Ledger codes subtab changes to Accounting and finance > General ledger setup.
Previously, your organization's accounting type and ledger codes were displayed on the same page.
Now, you’ll find the Chart of accounts (i.e., your list of ledger codes) in the Accounting and Finance > General ledger setup subtab.
The accounting type settings have moved to the Settings subtab.
We've updated the page design when creating a new ledger account.
You can now use the search bar to search for ledger accounts, and a filter to toggle between active and archived ledger accounts.