Accounting & Close Add-on
The Accounting & Close add-on extends Iraca's built-in journal with tools for month-end close, financial reporting, and export to your accounting software. It is a standalone paid add-on available to Pro and Canopy plan tenants.
What's included
| Feature | Without add-on | With add-on |
|---|---|---|
| Journal entry list (read-only) | ✅ All plans | ✅ |
| Manual journal entries | — | ✅ |
| Void entries | — | ✅ |
| Trial balance | — | ✅ |
| Period locks (month-end close) | — | ✅ |
| Chart of account mappings | — | ✅ |
| QuickBooks / Xero CSV export | — | ✅ |
Activating the add-on
- Go to Billing in the sidebar.
- Scroll to Add-ons.
- Find Accounting & Close and click Start 14-day free trial or Subscribe.
The add-on activates immediately. A new set of accounting tools appears in Reports and Settings → Chart of Accounts.
What each feature does
Manual journal entries — post a balanced entry for any purpose: opening balances when you first set up Iraca, reclassifications, write-offs, or any adjustment not tied to an inventory or sales event. See Journal Entries.
Void — cancel a posted entry without deleting it. Voided entries stay visible in the journal with a strikethrough for the audit trail but are excluded from the trial balance. See Journal Entries.
Trial balance — a period-bound summary of every account's net debit or credit balance, grouped by Assets, Liabilities, Equity, Revenue, and Expenses. Confirms your books are in balance before close. See Trial Balance.
Period locks — close a calendar month so no new journal entries can be posted to it. Protects finalized periods from accidental backdating. See Period Locks.
Chart of account mappings — map Iraca's nine built-in account types to the names and numbers your accounting software uses (QuickBooks, Wave, Xero). The export uses these names so the CSV imports cleanly. See Chart of Accounts.
QuickBooks / Xero CSV export — download a date-range export of all posted journal entries, formatted for import into QuickBooks Online, Wave, or Xero. Available from Settings → Chart of Accounts.
Setting product costs after marketplace import
When Iraca auto-creates a product from a marketplace order, it does not populate a unit cost — the item's selling price is not the same as what it costs to produce or procure. Go to Inventory → Products, open each imported product, and enter the correct Unit Cost. Once set, all future journal entries for that product (COGS, inventory valuation) will use the correct cost.