Latest Product Release

Learn more about the latest product release from Accounting Seed, Magnolia.

Magnolia Release (Fall 2021)

Take a sneak peek at the new features and enhancements coming to your sandbox. The Magnolia release focuses on a redesigned Financial Reporter functionality with an integrated Salesforce Lightning user experience. We’ve also enhanced features in these areas:

Read more about our new Magnolia features below, and be sure to check our blog for any new developments or insights from Accounting Seed.

What’s New in Magnolia

Consolidations

Accounting Seed has implemented Consolidations, which is a brand new feature that we’re excited to include as part of our financial software solution. The Magnolia release focuses on this new feature and highlights of Consolidations include:

  • The ability to select a Consolidations-Transactional Ledger or Consolidations-Budget Ledger directly from the Ledger record.
  • The ability to set up multiple Ledger Hierarchies.
  • The automatic creation of an Eliminations Ledger each time a Consolidations Ledger is created.
  • The ability to run a Consolidations routine, which posts Financial Cubes data into a Consolidations Ledger.
  • Direct access to the Financial Reporter with a click of a tab to Standard Reports and Custom Reports without leaving the screen where Consolidations are set up and run. 
  • Direct access with a click of an icon to Management Reports and the Accounting Dashboard from Consolidations. 
  • Help icon from the Set up Consolidations tab and the Run Consolidations tab with direct access to the related knowledge articles. 

Bank Reconciliation
  • Clear All/Unclear All
    With the Magnolia release, when you click Clear All or Unclear All, a message will now display, which allows you to confirm that you want to Clear All or Unclear All records on the selected Bank Reconciliation page. Click Yes to proceed. Otherwise, click No.
  • Journal Entry Line Date
    A new System Business Rule was added for Bank Reconciliation, which requires the Date on a Journal Entry Line to be less than or equal to the Journal Date on the Journal Entry.

Cash In
  • Cash In Accountant Permission Set
    The Cash In Accountant Permission Set has been updated on Bank Deposits to allow users with this permission level to create, edit, and/or delete Bank Deposits. Additionally, users  with this permission level will also be able to Manage Bank Deposits to associate and/or unassociate records on deposits.
Financial Reports - Standard Reports

On the Ledger Inquiry Report, the Project, Project Task, Product, and Account fields are enabled when a GL Account (Balance Sheet, Revenue, or Expense) is selected or if the GL Account field is blank.

Accounting Seed’s Features

Modernize your accounting processes and embrace the unique way you do business with Accounting Seed’s core accounting features.

Transform Your Business Now

To request a demo, please provide the following information and one of our team members will get in touch with you ASAP. We aim to be back in contact with you within 2 hours but no later than the next business day. You can also contact one of our account executives at 410-995-8406.

When you use Accounting Seed, the essential rules of accounting remain the same—what’s different is how Accounting Seed allows you to run your business your way. It’s not rigid or siloed—it’s automated, flexible, customizable, and connected.

Accounting Seed Awards Banner Fall 2021