2020
Perpetual Inventory
With the new release, you can now choose to remain on the current Periodic Inventory system or subscribe to the new Perpetual Inventory as an additional module. The Perpetual Inventory is ideal for businesses with huge transactional volumes and frequent inventory updates.
Debtors Manager
The new Debtors Manager module helps you to optimize your accounts receivables and collection process. With a deeper analysis into who owes you cash, how much they owe and by when, you’re better equipped to follow up on payments and ensure that you get paid promptly.
2019
Company Transfers
If you’re the company owner, you can transfer your company to someone else. You may need to do this if you’re leaving your organization, or if your client wants to take over the company. The new company owner will become responsible for the monthly subscription payments once they've accepted the transfer request. The new feature will be available in this update.
Malaysia Sales Service Tax (SST)
Malaysia Sales Service Tax (SST) came into effect from 1 September 2018 to replace the existing Goods and Services Tax (GST). Companies that are liable and have registered for SST, will need to start capturing sales tax on transactions and submit to the Sales and Service Tax (SST) Return on a bi-monthly basis to the Royal Malaysian Customs Department. This update include all the requirements for SST.
Item Bundles
Bundled Items are associated with particular items that are regularly duplicated on a Customer Invoice. It allows you to group multiple items into a single code. When you invoice, you enter the Item Bundle Code and the system adds all items linked to that bundle onto the invoice.
Sales Orders
The Sales Order is an order issued by a business to a customer. A Sales Order is raised when an initial quote is approved, and the transaction is underway. The document specifies the details about products and/or services ordered by a specific customer along with the price, quantity and terms and conditions. Businesses use this as a confirmation document that is sent to the customer before delivery of goods or services and in some instances to reserve the specified stock.
2018
Singapore Prescribed Goods
Customer Accounting for certain prescribed goods will be implemented from 1 Jan 2019 to deter fraud schemes where the seller absconds with the GST collected, but businesses further down the supply chain continue to claim the input tax.
Find out more about version 4.1.5