What we shipped, in plain language.

A standard close checklist walks through the month-end tasks, with several items checked automatically — draft journals, unposted customer and vendor invoices, open cash days. Blocking items must be completed (or marked not applicable) before the period can be closed.

At year end, a single closing entry zeroes every profit and loss account into the configured retained earnings account. The run can be previewed before it posts and reversed if needed.

Action required: set each company’s retained-earnings account in the Period Close configuration, then lock the historic periods.

Accounting periods can now be locked so nothing further posts into a closed month. Locking works per module — payables, receivables, materials, production, payroll, cash and the rest — so operations can be closed while finance still posts its adjustments, or the whole period can be sealed at once.

An approved payment run can now be exported as a bank payment file in the bank’s upload format, so payments are handed to the bank as a single file instead of being keyed into net banking one by one.

The bank’s response file is read back in, matching each payment to its UTR reference and status. Payment records therefore carry proof of remittance without anyone transcribing reference numbers.

Open foreign-currency items — customer invoices, vendor invoices and foreign-currency bank and loan accounts — can now be revalued at the month-end closing rate as required by AS-11 / Ind AS 21.

The run is previewed first, showing every open item with its booking rate, closing rate and the resulting unrealised gain or loss, before a single adjustment entry is posted. A missing closing rate is reported as a blocker naming the currency — never guessed.

By default the entry auto-reverses on the following day, so the next month-end revalues afresh and settlement-time differences are untouched. A completed run can also be reversed outright.

Action required: configure the gain, loss and receivable/payable adjustment accounts per company, and maintain closing rates before each run.

The tamper-evident audit chain was being applied to every record saved anywhere in the system, which made unrelated saves queue behind one another and left the application unresponsive under load.

The chain is now applied only to the financial documents that statutorily require it; everything else is logged normally. Location lookups for the audit record are also cached briefly so a slow lookup cannot delay a save. The statutory trail itself is unchanged.

An accepted quotation can now be converted into a Sales Order in one step. The customer, line items, quantities, pricing, tax codes and the ship-to / bill-to addresses are carried across, so the order does not have to be keyed again and cannot drift from the offer that was accepted.

Several related quotation fixes ride along in this release.

Purchase Order lines added by hand against a Sales Order are now subject to the same Sales-Order budget control as lines raised through the normal requisition route. Buying beyond what the order allows is caught at entry rather than at settlement.

Uploading a supplier statement for vendor account reconciliation produced an empty result for real-world files, even though the upload appeared to succeed. The extraction now handles the layouts suppliers actually send, so the reconciliation lists the statement lines and matches them against the ledger.

The GL Tagging Workbench now offers the statement lines that belong to the entity’s chosen presentation frame, so a partnership is not asked to tag accounts into company-only Schedule III lines.

Financial statements are no longer locked to the company format. A presentation frame now decides how the pack is laid out — corporate (Schedule III under the Companies Act) or non-corporate for partnerships, LLPs and proprietary concerns, whose capital and equity are presented quite differently.

The frame flows through the whole pack: the Balance Sheet and Statement of Profit & Loss faces, the PDF, the notes and the XBRL output all follow the selected frame.

Non-corporate entities get their own capital statement: opening capital, introductions, drawings, share of profit and closing balance per owner or partner — the non-corporate counterpart of the Statement of Changes in Equity.

A goods receipt valued the incoming stock at the gross Purchase Order price and ignored the line discount, so stock — and therefore the inventory balance and later cost of sales — was overstated on every discounted purchase. Receipts are now valued at the net price after discount.

The valuation snapshot stored against a movement recorded the moving-average price as it stood before the movement was applied, so price-analysis and material-ledger views were one step behind. The snapshot now records the price that the movement actually used.

A new Audit Trail page lets finance and auditors search the edit log by document type, action, user, record and date, and see exactly which fields changed.

An integrity check verifies the whole chain on demand and a statutory PDF report — integrity certificate plus edit log — can be produced for the auditor. The check can also be scheduled so the confirmation arrives by email.

Every create, change and delete on a financial document — journal entries, customer and vendor invoices, payments, adjustment notes, credit notes and cash transactions — is now recorded in an immutable edit log as required by Rule 11(g) of the Companies (Audit and Auditors) Rules.

Each entry is cryptographically linked to the one before it, so removing or altering a record breaks the chain and is detected. The trail cannot be switched off.

A new read-only Statutory Auditor role grants access to the audit trail and its report without any ability to change data.

Action required: after deploy, assign the role to your auditors.