Restrictions / Limitations
🚫 Restrictions & Limitations
The Accounting Summary in Wallee is designed to provide a basic overview of account movements during a selected period. It enables simplified bookkeeping and tax reporting — but it is not a replacement for a full ERP system.
❗ Intended Use
Use the Accounting Summary for:
- Simple sub-ledger tracking
- High-level reconciliation at period end
- Manual booking of net changes into external systems
- Cross-checking payouts and revenue movements
🚫 Do not use it as a full financial accounting system. For complex integration please use the reconciliation-tools where we offer a full scale integration.
🌍 Currency Handling
Wallee does not support multi-currency reconciliation in Accounting Summaries.
| ⚠️ Issue | Explanation |
|---|---|
| No exchange rates | Wallee does not apply conversion rates or handle FX differences |
| Mixed-currency confusion | Multiple currencies may distort totals and make summaries unreliable |
| ERP mismatch | External systems may calculate balances differently due to FX impacts |
🔁 If your setup includes multiple currencies, we strongly discourage using the Accounting Summary for reconciliation.
🧠 Key Limitations
| Limitation | Detail |
|---|---|
| No starting or ending balances | Only movements are shown — totals must be tracked externally |
| No FX reconciliation | Currency fluctuations are ignored entirely |
| No full audit trail | Journal entries are visible but not meant for regulatory auditing |
| Not real-time | Delays may occur during file import or report generation |
| Manual effort required | CSV files must be exported and interpreted manually |