March, 2023

New features

If you would like to start using any of the new features, please get in touch with us. Some features might require additional system setup, and we can assist you in setting it up.

Dynamic Accounting Structures

This new feature includes pre-configured chart of account structures and account packs. These additional structures enable Financial statements to be re-presented in alternative structures with ease. An example of use is for Not For Profit organisations where the accounts are presented in multiple formats to suit the differing audience needs e.g. Internal Management Accountants v Trustees.

Bank feeds: support for more institutions and EU bank accounts

We have bolstered our bank feed solution to leverage Open Banking and enable the automatic import of bank statements for both UK and EU bank accounts.

My expenses Data Access Control (DAC)

It is now possible to apply DAC to expenses. This enables Expenses to be entered for Legal Entities for which the user doesn't have standard DAC access. An example is where a user can only enter expenses for Legal Entity A yet can only enter Purchase documents for Legal Entity B.

Table column tool tips

To further improve the user intuitive user experience, we now support tool tips for grid column headings.

Print / email controls

You can now restrict the ability to print or email, based upon the status of the document. As an example you can restrict the print or email to only Purchase Orders which are approved.

Standard Sales & Purchase documents to Interco Entities

This supports the optional creation of Standard Sales & Purchase documents to Interco Entities.

Other changes

User roles

New user roles:

  • VAT Return: Correction (date & period)
  • Reversal: Correction (date & period)
  • Payment Method: Admin
  • COA Structure: Read Only
  • COA Structure: Admin
  • Prepayment: Read only
  • Prepayment: Delete

Document types

  • New document types: Sale Advance (Project), Sale Advance, Sale: Credit Note Stock (debit entry), Intercompany Payment, Purchase Order - Write-off (debit entry)

Tax

  • England & Wales Vat Return is now named United Kingdom Vat Return.
  • England & Wales tax authority has been renamed to United Kingdom
  • Support for South Africa tax authority
  • Improvements for: Canada, Australia tax setups.
  • New Withheld tax reduced tax band for Australia

Environment settings

  • Minimum password policies have been raised according to security best practices.

Stock

  • Warning message when unposting documents with stock.
  • Stock valuation is prevented when another one is already in draft.

General

  • Layout settings are remembered in Credit Control.
  • Support for using multiple tabs to the same environment with sessions of different user accounts.

Dashboards

  • New dashboard: Sales order & Income recognition

Enquiries

  • Audit Counter Fraud:
    • New parameter: Date from
    • New columns Doc #, Doc date
  • Deferred Income Analysis:
    • New filter: Currency
  • P & L:
    • The Cost Centre and Department filters will now include any sub hierarchies (sub cost centres and departments)
  • Trial Balance:
    • New columns for Amount no decimal places, Currency amount no decimal places
  • Deferred :
    • New columns available: Currency rate, Net amount, Base currency
  • Documents tab on Products:
    • New columns: Quantity, Unit, Net Currency Price, SKU
  • Timesheets tab on Projects:
    • New columns: Timesheet notes, Description

Import/export interfaces

New bank statement import interfaces:

  • HSBC CSV (Multi account)
  • HSBC Multi Account & Co (by account only)

Other fixes

  • Locked charges no longer available for selection on Payments and receipts.
  • Disbursement aggregation issue now resolved.
  • Fix the total on standard reports
    • Sales invoice UK3
    • Sales Invoice UK4
    • Purchase Invoice Standard
  • Fix the draft filter to include pending authorisation on:
    • Aged creditors
    • Aged creditors Executive
    • Customer Trading History
  • Partial GL reconciliation matching no longer creates rounding issues
  • Timesheets: date approved field not populated
  • Reminder letters not attaching to contact account on send
  • Search text cannot be cleared completely on catalog fields
Note

Get in touch to find out more about the features in this release or how to get even more out of the system.