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With the number of passwords each of us has to remember, it naturally happens that sometimes you forget one. No worries though! We have you covered :-) To reset your Digits’ password, head to my.digits.com/login click on “Sign In with Email” and then click “Forgot your password?”After entering your email address, a reset password link will be sent to you.
Being able to help transactions that happen among multiple entities. The pain points that come to mind right now would be:Being able to track what each company owes the other(s). When one company spends money for a different company.
I know this is down the road a bit, but I figured I should post this here anyway. A large pain point is dealing with all the apps out there that “help” with cryptocurrency accounting. This is actually a very large “time suck” for the bookkeepers dealing with cryptocurrency items. Some pain points:Cost Basis of the different digital assets Recording Liquidity pool entries and draws and the gains from it NFT purchases and selling Taxable events vs non-taxable events FIFO, LIFO, or HIFO options “Address book” of the different wallet address Visibly see the movement.
As you may know, Cash accounting is very simple… money comes in and money goes out. Simple. Accrual is much more complex and is a better method of accounting. But what that means is being able to recognize expenses and revenues when they are earned and not necessarily when they are paid. I don’t expect the software to know how to do this, but it can definitely assist. Some items to help with this:Tracking and scheduling prepaid expenses Tracking and scheduling unearned revenue Change the date of single transaction to reflect the date when it is earned. (e.g. bought a plane ticket in February, but the flight doesn’t take place till September… recognizing the expense to take place in September and the prepayment sits in the balance sheet until then)And track all of these items in an easy to read report.
Xero has a Fixed Asset Register that is really great and customizable. QBO doesn’t have one… yet. What would be fantastic is to have a fixed asset register inside of Digits that tracks the fixed assets being registered, records the depreciation of them, and helps with the disposal or selling of the assets. Some additional items that this would help with:This could also be an add-on report Tracking your fixed assets values vs cash values communication between accountants and business owners to help accountants ask when/if assets have been disposed/sold.
In May we moved even faster. Our Product & Engineering teams released two new, groundbreaking tools into Labs: Digits Boost (Save time. Automate your work.) and Digits Reports Builder (Just Drag. Drop. Done.)!Our community is vibrant with lots of issues, annoyances, and pain points that we are building tools for. We launched Product Ideas board so you can submit, upvote, and follow along on community suggestions. We move quick, so you can also watch as things go from idea to full on feature that our team builds and ships into the tools. Upgrade HighlightsOur tools continue to improve and we’re proud to highlight just a few of the dozens of improvements that’s shipped in the last month. Bulk Editing + QBO Push = 🚀 We are so thrilled to hear customer testimonials about how Digits Boost has improved their workflows and made the ability to do their work even faster. We heard our customers feedback and are thrilled to announce two joint features — bulk editing and push to Quickboo
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