Product release - April 2026

Hi everybody, this is Andrew from Everest with a quick release update.   Starting this release, you can now customize financial statements in Everest.  

What that means is that Everest will pre-deliver our own financial statements out of the box, balance sheets, income statements, cash flow statements, and then, if none of these reports are quite aligned with how you need to see things, you can go in and create a custom financial statement. So you can say, I want to organize my income statement in these groups, administrative research, whatever it might be, in ways that are not fully aligned with your chart of accounts. This gives you more flexibility in how you want to report, allowing you to make custom income statements for management reporting, audit reporting, whatever it might be.  

Also new this release is enhanced controls for custom tags.  

So now in Everest you are able to go in and apply the same kind of controls as you are on custom tags as you are on system tags. So that means I can go in and say, "Show my custom tag as a standalone field on a journal, on a bill, on a credit card entry," so that when my team goes in to enter whatever it may be, those custom tags are front and center, like the system tags. Or they can continue to live in the tag field.

Last but not least are more enhancements to our fixed asset module.  

We're constantly hearing from customers that they want improved controls for fixed assets, such as things like sales and disposals. And so now in Everest, you are able to create a disposal right from your fixed asset. Set that disposal date, and then Everest will automatically create the journal entries for the disposal and then record the fixed asset now as disposed so that it removes it from the depreciation module. Again, a quick and easy action that'll make your accounting team's life easier and enable you to speed up your close.  

That's it for this iteration of the release notes. If you want to learn more please feel free to reach out as we've released a ton more in these past few releases that I'd love to give you an update on.