July 2020

Batch refunds

  • You can now process batch refunds in the system. This works in a similar manner to both batch payments and batch receipts, a common usage would be the refund of deposits.

Partial Tax

To enable even greater flexibility when entering partial tax documents, we now support the ignoring of partial tax on individual lines (access permissions apply).

It is now possible to have Inter Companies (Interco) which are not directly related to a Legal Entity.

Hospitality & Tourism Tax Band

In response to the recent UK Government announcement for 5% VAT on Hospitality & Tourism, there is a new 'Hospitality' tax band with associated tax handling. Customers and Suppliers and associated to this tax band, will take advantage of this rate, including EC sales and purchases and associated handling.

Non recoverable Tax band

An additional "Non recoverable" tax band has been created. This is useful in instances where VAT has been charged (such as a Supplier invoice) but no invoice could be found to support the input VAT claim on the tax return. For UK VAT, this would mean that box 7 is populated with the net but input tax is not reclaimed in box 4.

Consolidation periods

Our solution for consolidated reporting has been extended to use consolidation periods which provides another option for Customers with multiple Legal Entities with varying year ends. This is commonly used to provide a consolidated view of financial statements within the system. We have also added Excel custom functions to support this alternative periodic view of financial documents.

Email settings

Email communications have been extended to include "Reply to". This allows customers to send from one email account but receive reply emails to responsible email accounts.

Project handling

  • Customers / suppliers can have a default project assigned to them that is applied to documents that are created for them

Other minor enhancements

  • Duplicate invoice number trapping will now ignore previously reversed documents for the same Supplier, invoice number combination

  • Project handling support in document templates & recurring transactions

  • Bulk orders without coding

  • Increase to 5 decimal places on sales & purchase pricing

  • Negative quantity support on sales & purchase documents