What's New: Version 6.0.09

Release Date : 30 June 2020 1.New Web Cockpit : The Journey Begins (New)Presenting the New Web Cockpit: a completely new look, better, faster, more stunning than ever before! Glide through Financials, Sales, Purchases, Cash/Bank, Family Wealth Guru, CRM, Inventory, Manufacturing and many more. Get a real time view from your Web Browser and make informed decisions with real-time reports. Drill down to the transaction at the click of a button. Here is a small glimpse:

• Sales

• Sale Invoices

• Outstanding Sale Orders

• Sales Invoice Adjustments

• Uninvoiced Sale Delivery Orders (D/Os)

• Open Proforma Invoices / Quotations

• Project Profitability

• Overdue Sale Invoices

• Customer Receipt Analysis

• Sale Invoices Vs Receipts

• Outstanding Sale Invoices

• Salesman Commission - Collection Wise

• Sale Orders to be Delivered

• Profitability

• Purchase

• Outstanding Purchase Invoices

• Outstanding Purchase Orders

• Purchase Invoice Adjustment

• Uninvoiced Purchase Delivery Orders (GRNs)

• Outstanding Indents / Requisitions

• Purchase Invoices

• Overdue Purchase Invoices

• Purchase Orders to be Received

• Cash/Bank

• Bank Reconciliation

• Cash / Bank Books

• Cash Flow Projection

• Family Wealth Guru

• Long Term Capital Gains (LTCG) / Short Term Capital Gains (STCG)

• Stock Chart

• Asset Allocation

• Monthly Performance

• Mark To Market

• Top N Asset Allocation

• Watch List

• CRM

• Funnel Stage

• Inventory

• Stock Status

• Reorder Status

• Negative Stock Report

• Batch Wise Stock Ledger

• Batch Expiry Status

• Product Multi Price List

• Fast Moving Products

• Slow Moving Products

• Warehouse Wise Stock

• Service Product Wise Stock Ledger

• Serial Number Status Query

• Manufacturing

• Manufacturing Order Status

• Manufacturing Order Scheduled Report

• Approvals Pending

• Contra Voucher

• Voucher

• Journal

• Proforma Invoice/Quotation

• Sale Invoice

• Sale D/O

• Customer Receipt / Payment

• Indent / Requisition

• Purchase Order

• Purchase D/O (GRN)

• Party Journal

• Purchase Invoice

• Purchase Return

• Customer Debit/Credit Note

• Vendor Debit/Credit Note

• Disposal (Sale) of Assets

• Sale Return

• Acquisition (Purchase) of Fixed Assets

• Vendor Debit Note

• Issues

• Finished Goods - Received

• Stock Adjustment

(Ichiban Payroll Guru/Web Cockpit)2.FACT proudly releases GST E-Invoice in FACT ERP.NG (New)

- Applicable for India Only

Well before the deadline of 01 October 2020, FACT ERP.NG is ready for E-Invoicing! Simply enter the Sale Invoice and at the click of a button, the Sale Invoice is uploaded to the GST Portal and the IRN Number, IRN Acknowledgement Number, Date and QR Code are downloaded from the GST Portal and updated in FACT ERP.NG. Fully automatically!!

No third-party software required. No need to export the Sale Invoice. No need to log into any portal. No delay in shipments.

Simply sign up with the GSP (Vayana Networks) online and enter the User Name and Password in the E-Invoice Configuration Page. You are now ready to go. Reduce your workload and see an immediate increase in productivity.

• E-Invoice Configuration

• Enter following User Credentials direct from Home Screen

• User Name

• Password

• Customer ID

• Sale Invoice Terms Mapping

• Purchase Invoice Terms Mapping

• Product Master

• GSTIN’s Invoice Registration Portal (IRP) provided Master List of UOM (Unit of Measurement) now available for mapping in Product Master

• Entry - Sale Invoice

• New Column in Home Screen shows “Uploaded Arrow” once Sale Invoice has been successfully uploaded on GSTIN Invoice Registration Portal (IRP)

• Cancelled Sale Invoice will also be uploaded to GSTN Server

• GSTIN Invoice Registration Portal (IRP) generates following:

• Invoice Reference Number (IRN)

• IRN Acknowledgement Number

• IRN Acknowledgement Date

• QR Code

• Entry - Sale Return

• New Column in Home Screen shows “Uploaded Arrow” once Sale Return has been successfully uploaded on GSTIN Invoice Registration Portal (IRP)

• Entry - Purchase Invoice

• New Column in Home Screen shows “Downloaded Arrow” if Purchase Invoice has been successfully downloaded from GSTIN Invoice Registration Portal (IRP) (and automatically imported into FACT ERP.NG)

• Entry - Purchase Return

• New Column in Home Screen shows “Uploaded Arrow” once Purchase Return has been successfully uploaded on GSTIN Invoice Registration Portal (IRP)

(Masters - Items / Products - Products)

(Accounts Receivable - Sales / Entry / Sale Invoice)

(Accounts Receivable - Sales / Entry / Sale Return)

(Accounts Payable - Purchases / Entry / Purchase Invoice)

(Accounts Payable - Purchases / Entry / Purchase Return)3.Reports - Data Dump Registers (Enhanced)

• New Check Box: "Consider Post Dated Cheques" introduced in

(Accounts Payable - Purchases - Reports - Receipts Register Data Dump)

(Accounts Payable - Purchases - Reports - Payments Register Data Dump)

(Accounts Receivable - Sales - Reports - Receipts Register Data Dump)

(Accounts Receivable - Sales - Reports - Payments Register Data Dump)

(General Ledger/Cash/Bank - Reports - General Ledger - General Ledger Data Dump)4.Online Alert - Refreshed Alert (Enhanced)

• A cleaner interface

• Result will only be shown when an Alert is selected

• Numbers are formatted better

5.Inventory Warehousing Reports – Stock Status Query (Enhanced)

• New Columns added

• Product Subgroup Name

• Manufacturer Code

• Recommended Quantity

• Calculation of Recommended Quantity = Sales Order - (Current Stock + On Purchase Order)

(Inventory Warehousing - Reports - MIS Reports - Stock Status Query)6.Cockpit - Top N Products (Enhanced)

• Tooltip available for “NWC”

• Following columns introduced when “Show NWC” is checked

• Stock In Hand

• Weekly Sale

(Cockpit - Snapshot - ATC – Product - Summary)

(Cockpit – Sales – Top N Products – Summary)7.Web Cockpit - Sales Invoice Adjustment (Enhanced)

• Sales

• Following parameters introduced

• From Date & To Date

• Detail

• Opening

(Ichiban Payroll Guru/Web Cockpit)8.Company (Enhanced)

• Existing Users will be automatically tagged when creating a New Company

• Auto Tagging of Users will work if

• Feature is available from Company - New option

• Users should have been Tagged when the data for the Company was backed up

(System - Company)9.Module Search (Enhanced)

• Search Module is now yet more powerful

• Example: Type "Stock Register" and you will immediately see the list of all Stock Ledger Reports

(Module Search)10.Masters - Report Scheduler (Enhanced)

• “Current Week” Pattern is now even more powerful

• Example

• You need to run a Report on Weekly basis every Thursday

• Execution Date: 27 February 2020

• Next Execution Date: 5 March 2020

• Include Opening Balance option:

• Previous Week: 20 February 2020

• Current Week: 4 March 2020

• Report will run on Thursday, 27 February 2020 and the parameter will be

• Include Opening Balance

• From Date: 01-01-2019

• To Date: Current (04-03-2020) / Previous (20-02-2019)

(Masters – Report Scheduler)11.Warning Message in Product Master (Enhanced)

• A Warning Message will be displayed when adding a Product Code in “Inventory” Product Master if it already exists in “Manufacturing” Product Master

• A Warning Message will be displayed when adding a Product Code in “Manufacturing” Product Master if it already exists in “Inventory” Product Master

• Special Rate Warning Message will be displayed if you activate “Multiple UOM” for a Product which is already tagged to a Special Rate Scheme for any Customer or Vendor

(Masters - Items / Products - Products)

(Manufacturing - Masters - General - Products)12.Kitting for Sale Order (Enhanced)

• “Kit” Type Product can now be used in Entry - Sale Order

• Create a Product from Manufacturing - Masters - General - Products where Kit Item = “Yes”

• Create the “Sale BOM” from Manufacturing - Entry - General - Bill of Materials (BOM)

• Select Kit Type Product in Sale Order

(Accounts Receivables - Sales / Entry / Sale Order)13.Kitting for Sale Delivery Order (D/O) (Enhanced)

• “Kit” Type Product can now be used in Entry - Sale Delivery Order (D/O)

• Create a Product from Manufacturing - Masters - General - Products where Kit Item = “Yes”

• Create the “Sale BOM” from Manufacturing - Entry - General - Bill of Materials (BOM)

• Select the Kit Type Product in your Sale Delivery Order (D/O)

(Accounts Receivable - Sales - Entry - Sale D/O)14.Document Designer - Sale Order (New)

• Following Table is now available under Sale Order - Detail Table

• Kit Component Details

(Masters / Document Designs)

(Accounts Receivable - Sales / Document Printing / Sale Order - Printing)15.Document Designer - Sale Delivery Order (D/O) (New)

• Following Table is now available under Sale Delivery Order (D/O) - Detail Table

• Kit Component Details

(Masters / Document Designs)

(Accounts Receivable - Sales - Document Printing - Sale D/O - Printing)16.Dormant Product Warning Message in Purchase Invoice (Enhanced)

• A Warning Message is now displayed when adding a Product Code which has been marked “Dormant” in Masters - Items / Products - Products or in Manufacturing - Masters - General - Products

• Message also provides the steps to be taken if you wish to use this “Dormant” Product

(Accounts Payable - Purchases / Entry / Purchase Invoice)17.Special Reports – Cash Payment & Receipt (Enhanced)

• New Column introduced

• Document Type

(General Ledger / Cash / Bank – Reports - Special Reports - Cash Payment & Receipt) (Auditor's Toolbox - Cash Payment & Receipt)18.Product Tagging in Inventory and Manufacturing Reports Help Window (Enhanced)

• New Column in Product Help Window

• Status (Active / Dormant)

• In Stock (Quantity)

• Inventory Warehousing - Reports - Stock Valuation - Product Wise

• Inventory Warehousing - Reports - Stock Valuation - Warehouse Wise - On Product

• Inventory Warehousing - Reports - Stock Valuation - Warehouse Wise - On Warehouse

• Inventory Warehousing - Reports - Stock Valuation - Warehouse Wise - On Batch

• Inventory Warehousing - Reports - Stock Valuation - Consider Batch

• Manufacturing - Reports - Stock Valuation - Product Wise

• Manufacturing - Reports - Stock Valuation - Warehouse Wise - On Product

• Manufacturing - Reports - Stock Valuation - Warehouse Wise - On Warehouse

• Manufacturing - Reports - Stock Valuation - Warehouse Wise - On Batch

• Manufacturing - Reports - Stock Valuation - Consider Batch

• Inventory Warehousing - Reports - Stock Ledger - Product Wise - Detail

• Inventory Warehousing - Reports - Stock Ledger - Warehouse Wise - On Product

• Inventory Warehousing - Reports - Stock Ledger - Warehouse Wise - On Warehouse

• Inventory Warehousing - Reports - Stock Ledger - Warehouse Wise - On Batch

• Inventory Warehousing - Reports - Stock Ledger - Product Wise - Summary

• Manufacturing - Reports - Stock Ledger - Product Wise - Detail

• Manufacturing - Reports - Stock Ledger - Product Wise - Summary

• Manufacturing - Reports - Stock Ledger - Warehouse Wise - On Product

• Manufacturing - Reports - Stock Ledger - Warehouse Wise - On Warehouse

• Manufacturing - Reports - Stock Ledger - Warehouse Wise - On Batch

• Inventory Warehousing - Reports - Batch Wise Stock Ledger - Product Wise

• Manufacturing - Reports - Batch Wise Stock Ledger - Product Wise

19.Refreshed Interface (Enhanced)

• Refreshed and Cleaner Interface

• Auditor's Toolbox - Sale Invoice Terms Breakup Register

• Auditor's Toolbox - Sale Return Terms Breakup Register

• Auditor's Toolbox - Purchase Invoice Terms Breakup Register

• Auditor's Toolbox - Purchase Return Terms Breakup Register

• Statutory - Reports - Sale Invoice Terms Breakup Register

• Statutory - Reports - Sale Return Terms Breakup Register

• Statutory - Reports - Purchase Invoice Terms Breakup Register

• Statutory - Reports - Purchase Return Terms Breakup Register

20.Currency Exposure - AR/AP Documents - Zoom (Enhanced)

• Fields which can be Zoomed into will be display in Bold and Enlarged when you mouse over them

(Accounts Receivable - Sales / Reports / MIS Reports / Currency Exposure - AR/AP Documents)21.Auto Journal Voucher (Posting Details) Window (Enhanced)

• New Column added for easier understanding

• Document Class

(Accounts Receivable - Sales / Entry / Sale Invoice)

(Account Receivable - Sales / Entry / Sale Return)

(Accounts Payable - Purchases / Entry / Purchase Invoice)

(Accounts Payable - Purchases / Entry / Purchase Return)

(Fixed Assets - Entry - Acquisition (Purchase) of Fixed Assets)

(Fixed Assets - Entry - Disposal (Sale) of Assets)

(Fixed Assets - Entry - Sale Return)

22.General Ledger Data Dump (Enhanced)

• Parameter Captions renamed for better understanding

• 'Cash Memo Sale' is now 'Cash Sale'

• 'Cash Memo Purchase' is now 'Cash Purchase'

• 'Gain / Loss - Customer / Vendor' is now 'Forex Gain / Loss - Customer / Vendor'

• 'Debit Note' is now 'Customer / Vendor Debit Note'

• 'Credit Note' is now 'Customer / Vendor Credit Note'

(General Ledger/Cash/Bank - Reports - General Ledger - General Ledger Data Dump)

(Auditor's Toolbox - General Ledger Data Dump)23.General Ledger Code - User Friendly Interface (Enhanced)

• Profit & Loss Groups Help Window displays Income Group and Expenditure Group in different colours for easier identification

(Masters / Chart of Accounts / General Ledger)24.Vendor Receipt / Payment - Auto Cheque Number (Enhanced)

• Activate Auto Cheque Number

• If ‘Activate Auto Cheque No’ is activated in System Controls - Miscellaneous Tab, then Cheque Number will be generated when copying a Vendor Payment

• ‘Bank Transaction Reference Number’ has an easy explanation for easier understanding

• Now displays: You may enter the Bank’s Transaction Reference Number here if you are making payment via Net Banking. You may leave this blank as well.

(Accounts Payable - Purchases / Entry / Vendor Receipt / Payment)25.Customer Receipt / Payment - Auto Cheque Number (Enhanced)

• Activate Auto Cheque Number

• If 'Activate Auto Cheque No' is activated in System Controls - Miscellaneous Tab, then Cheque Number will be generated when copying a Customer Payment

(Accounts Receivable - Sales / Entry / Customer Receipt / Payment)26.Refreshed Interface(Enhanced)

• Refreshed and Cleaner Interface

• Document Relationship now displays

• Number of Attachments

• Landed Costing Purchase Invoices are now displayed as well, tagged to Master Purchase Invoice

(Entry / Document Relationship)27.File Attachment available in Stock Adjustment (New)

• Inventory Warehousing - Entry - Adjustment of Stock - Stock Adjustment now allows File Attachment along with Remarks

(Inventory Warehousing / Entry / Adjustment of Stock / Stock Adjustment)28.Material In / Out - Stock Take - As On (New)

• New Report : Stock Take - As On

• “As On Date” added

• Available Stock will be displayed as per “As On Date”

(Inventory Warehousing - Reports - Material In / Out - Stock Take - As On)29.Double Quantity Window (Enhanced)

• Refreshed and Cleaner Interface for Double Quantity Window

• Two New Fields added

• Product Code

• Product Description

• Applicable Modules

• Accounts Receivable - Sales - Entry - Proforma Invoice / Quotation

• Accounts Receivable - Sales - Entry - Sale Order

• Accounts Receivable - Sales - Entry - Sale D/O

• Accounts Receivable - Sales - Entry - Sale Invoice

• Accounts Receivable - Sales - Entry - Sale Return

• Accounts Payable - Purchases - Entry - Indent / Requisition

• Accounts Payable - Purchases - Entry - Purchase Inward Quotation

• Accounts Payable - Purchases - Entry - Purchase Order

• Accounts Payable - Purchases - Entry - Purchase D/O (GRN)

• Accounts Payable - Purchases - Entry - Purchase Invoice

• Accounts Payable - Purchases - Entry - Purchase Return

• Accounts Payable - Purchases - Entry - Procurement Wizard

• Inventory Warehousing - Entry - Bill of Materials (BOM)

• Inventory Warehousing - Entry - Inventory Issues - Manufacturing Orders

• Inventory Warehousing - Entry - Inventory Issues - Issues

• Inventory Warehousing - Entry - Inventory Issues - Returns

• Inventory Warehousing - Entry - Finished Goods - Received

• Inventory Warehousing - Entry - Finished Goods - Returned

• Inventory Warehousing - Entry - Adjustment of Stock - Stock Adjustment

• Inventory Warehousing - Entry - Adjustment of Stock - Stock Conversion

• Inventory Warehousing - Entry - Transfer of Stock - Stock Transfer Order

• Inventory Warehousing - Entry - Transfer of Stock - Stock Transfer

30.Sale Delivery Order (D/O) with “Kit” Product incorporated (Enhanced)

• Applicable Reports

• General Ledger/Cash/Bank - Reports - Trial Balance - Group Wise

• General Ledger/Cash/Bank - Reports - Trial Balance - Normal Trial Balance

• General Ledger/Cash/Bank - Reports - Profit & Loss Account - Profit & Loss - Complete

• General Ledger/Cash/Bank - Reports - Profit & Loss Account - Profit & Loss - Complete - Advanced

• General Ledger/Cash/Bank - Reports - Profit & Loss Account - Profit & Loss - Date To Date (Complete)

• General Ledger/Cash/Bank - Reports - Profit & Loss Account - Profit & Loss - Schedules

• General Ledger/Cash/Bank - Reports - Profit & Loss Account - Profit & Loss - Date To Date (Schedules)

• General Ledger/Cash/Bank - Reports - Balance Sheet - Balance Sheet - Complete

• General Ledger/Cash/Bank - Reports - Balance Sheet - Balance Sheet - Complete - Advanced

• General Ledger/Cash/Bank - Reports - Balance Sheet - Balance Sheet - Date To Date (Complete)

• General Ledger/Cash/Bank - Reports - Balance Sheet - Balance Sheet - Schedules

• General Ledger/Cash/Bank - Reports - Balance Sheet - Balance Sheet - Date To Date (Schedules)

• Manufacturing - Reports - Material In/Out Register - Product - Warehouse Wise - On Warehouse

• Manufacturing - Reports - Material In/Out Register - Product - Warehouse Wise - On Product

• Manufacturing - Reports - Material In/Out Register - Product - Warehouse Wise - On Product Group

• Manufacturing - Reports - Material In/Out Register - Product - Product Wise

• Manufacturing - Reports - Material In/Out Register - Product - Product Sub Group Wise

• Manufacturing - Reports - Material In/Out Register - Product - Product Group Wise

• Inventory Warehousing - Reports - Stock Ledger - Warehouse Wise - On Product Group

• Inventory Warehousing - Reports - Stock Ledger - Warehouse Wise - On Product

• Inventory Warehousing - Reports - Stock Ledger - Warehouse Wise - On Warehouse

• Inventory Warehousing - Reports - Stock Ledger - Product Wise - Detail

• Inventory Warehousing - Reports - Stock Ledger - Product Wise - Summary

• Manufacturing - Reports - Stock Ledger - Warehouse Wise - On Batch

• Manufacturing - Reports - Stock Ledger - Product Group Wise - Detail

• Manufacturing - Reports - Stock Ledger - Product Group Wise - Summary

• Manufacturing - Reports - Stock Ledger - Product Sub Group Wise - Detail

• Manufacturing - Reports - Stock Ledger - Product Sub Group Wise - Summary

• Manufacturing - Reports - Stock Ledger - Warehouse Wise - On Product

• Manufacturing - Reports - Stock Ledger - Warehouse Wise - On Warehouse

• Manufacturing - Reports - Stock Ledger - Product Wise - Detail

• Manufacturing - Reports - Stock Ledger - Product Wise - Summary

• Manufacturing - Reports - MIS Reports - Warehouse Stock Status

• Manufacturing - Reports - MIS Reports - Overstocked Status - Product Group Wise

• Manufacturing - Reports - MIS Reports - Overstocked Status - Product Sub Group Wise

• Manufacturing - Reports - MIS Reports - Serial Number Query

• Manufacturing - Reports - MIS Reports - Reorder Status

• Manufacturing - Reports - MIS Reports - Stock Status-Avg-Cost & Sale Price

• Accounts Receivable - Sales - Reports - Outstanding Documents - Outstanding Orders - Customers

• Accounts Receivable - Sales - Reports - Outstanding Documents - Outstanding Orders - Orders

• Accounts Receivable - Sales - Reports - Outstanding Documents - Outstanding Orders - Agents

• Accounts Receivable - Sales - Reports - Outstanding Documents - Outstanding Orders - Products

31.Reports - Accounts Receivable - Sales (Enhanced)

• New Check Box "Consider Post Dated Cheques (PDCs)"

(Accounts Receivable - Sales - Reports - Receipts Register - Date Wise)

(Accounts Receivable - Sales - Reports - Receipts Register - Number Wise)

(Accounts Receivable - Sales - Reports - Receipts Register - Customer Wise)

(Accounts Receivable - Sales - Reports - Receipts Register - Agent Wise)

(Accounts Receivable - Sales - Reports - Payments Register - Date Wise)

(Accounts Receivable - Sales - Reports - Payments Register - Number Wise)

(Accounts Receivable - Sales - Reports - Payments Register - Customer Wise)

(Accounts Receivable - Sales - Reports - MIS Reports - Ageing Customer in Home Currency)

(Accounts Receivable - Sales - Reports - Special Reports - Statement of Account - Customers in Home Currency)

(Accounts Receivable - Sales - Reports - Party Ledger - Customer - City Wise)

(Accounts Receivable - Sales - Reports - Party Ledger - Customer - State Wise)

(Accounts Receivable - Sales - Reports - Party Ledger - Customer - General Ledger)32.Reports - Accounts Payable - Purchases (Enhanced)

• New Check Box "Consider Post Dated Cheques (PDCs)”

(Accounts Payable - Purchases - Reports - Receipts Register - Date Wise)

(Accounts Payable - Purchases - Reports - Receipts Register - Number Wise)

(Accounts Payable - Purchases - Reports - Receipts Register - Vendor Wise)

(Accounts Payable - Purchases - Reports - Receipts Register - Agent Wise)

(Accounts Payable - Purchases - Reports - Payments Register - Date Wise)

(Accounts Payable - Purchases - Reports - Payments Register - Number Wise)

(Accounts Payable - Purchases - Reports - Payments Register - Vendor Wise)

(Accounts Payable - Purchases - Reports - MIS Reports - Ageing Vendor in Home Currency)

(Accounts Payable - Purchases - Reports - Special Reports - Statement of Account - Vendors in Home Currency)

(Accounts Payable - Purchases - Reports - Party Ledger - Vendor - City Wise)

(Accounts Payable - Purchases - Reports - Party Ledger - Vendor - State Wise)

(Accounts Payable - Purchases - Reports - Party Ledger - Vendor - General Ledger)33.Post Dated Cheques (PDCs) Carry Forward on Year Ending (Enhanced)

Post Dated Cheques (PDCs) will also be carried forward after Year Ending has been run, provided the Post Dated Cheque Dates are after Year Ending Cut-Off Date and Voucher Date is prior or equals to Year Ending Cut-Off Date and PDCs have not been cleared/encashed.

• Opening PDC Vouchers now available

• Accounts Receivable - Sales - Post Dated Cheques - Customer Receipt / Payment

• Accounts Payable - Purchases - Post Dated Cheques - Vendor Receipt / Payment

• Opening PDC Vouchers can be “Deleted”

• Opening PDC Vouchers cannot be “Modified”

• Opening PDC Vouchers can be “Cleared”

• Opening PDC Vouchers can be “Recalled”

• Opening PDC Vouchers can be “Returned”

Important Note : After Year Ending has been run, the PDC Voucher will not be carried forward if Cheque Date is prior or equal to Year Ending Cut-Off Date and PDC has not been Cleared. Year Ending Process will display the “Total Number of such Entries” and Year Ending will proceed only after you have confirmed.

(Utility - Year Ending)34.Auto Journal Voucher (Posting Details) Window (Enhanced)Now Click on JV Button to View the Journal Voucher Details from respective Home Screens

• Cash Sale Invoice

• Cash Purchase Invoice

• Cash Sale Return

• Cash Purchase Return

(Accounts Receivable - Sales / Entry / Sale Invoice)

(Accounts Receivable - Sales / Entry / Sale Return)

(Accounts Payable - Purchases / Entry / Purchase Invoice)

(Accounts Payable - Purchases / Entry / Purchase Return)

35.Customer / Vendor Credit Limit (Enhanced)

• Payroll Details Segment introduced in Document Class – Picture

• Allows you to define Employee, Division and Department

• Two New Columns now available under Payroll Details Segment

• Division and Department

(Masters – Document Class – Picture)36.“Reduced” TDS Rate by the Govt of India wef 14 May 2020 incorporated (Enhanced)

- Applicable for India only

Due to COVID-19 pandemic, Govt of India has by Ministry of Finance - Department of Revenue - Central Board of Direct Taxes Directive dated 13 May 2020 reduced Tax Deducted at Source (TDS) Rate for the period 14 May 2020 to 31 March 2021.

New TDS Rates have been incorporated in FACT ERP.NG. TDS will be automatically deducted at the reduced rate on the basis of the transaction date – FACT ERP.NG will now intelligently calculate reduce the TDS Rate by 25% where applicable

(General Ledger/Cash/Bank - Entry - Cash / Bank Voucher)

(General Ledger/Cash/Bank - Entry - Journal Voucher)

(Accounts Payable - Purchases - Entry - Purchase Invoice)

(Accounts Payable - Purchases - Entry - Vendor Receipt / Payment)

(Accounts Payable - Purchases - Entry - Vendor Debit/Credit Note

37.EPF Rate Reduced by the Govt of Malaysia (Enhanced)

- Applicable for Malaysia only

Govt of Malaysia has announced a new Statutory Contribution Rate for Employees. Employee’s share of the Employees Provident Fund (EPF) Rate has been reduced from 11 per cent to 7 per cent. Employees may choose to maintain the Employee Contribution Rate at 11 per cent at their option. This new rate is applicable from 1 April 2020 to 31 December 2020 for employees aged below 60 years. New EPF Rates have been incorporated. FACT ERP.NG intelligently calculates the 7% Reduced EPF rate where applicable

(Ichiban Payroll Guru - Payroll - Payslip Generation)38.Ichiban Payroll Guru (Enhanced)

- Applicable for India only

New Profession Tax (PTAX) Table incorporated

SalaryP-Tax0 to 10,0000.0010,001 to 15,000110.0015,001 to 25,000130.0025,001 to 40,000150.00above 40,001200.00

Now PTAX will be automatically calculated as per above table at the time of Payslip generation.

(Ichiban Payroll Guru - Payroll - Payslip Generation)39.Ichiban Payroll Guru (Enhanced)

- Applicable for India only

• New ESI Contribution Rate for Employee as well as Employer has been introduced. Effective 01 July 2020, FACT ERP.NG will automatically compute Employee’s Share at 0.75% and Employer’s Share at 3.25%

• ESI Contribution Amount for Employee and Employer will be rounded up

(Ichiban Payroll Guru - Payroll - Payslip Generation)40.Ichiban Payroll Guru (Enhanced)

- Applicable for India only

• EPF Contribution Amount for Employee and Employer will be considered as “Integer” Values only

(Ichiban Payroll Guru - Payroll - Payslip Generation)41.Ichiban Payroll Guru (Enhanced)

- Applicable for India only

• “Basic” Amount will be computed after deduction of Unpaid Leave Deduction Amount

• Unpaid Leave Deduction Amount will not added to Total Deduction

• When calculating any other Head of Pay (HOP) / Pay Item on Basic, Unpaid Leave Deduction Amount will get deducted from Basic Head of Pay (HOP)

(Ichiban Payroll Guru - Payroll - Payslip Generation)42.Ichiban Payroll Guru (Enhanced)

Now, possible to map the following in Ichiban Payroll Guru via Document Class. Once mapped, Payroll posting in Financials via the Auto Journal will be done as per Division and Department

• Miscellaneous - Masters - Division

• Miscellaneous - Master - Department

(Ichiban Payroll Guru - Payroll - Payslip Generation)43.Ichiban Payroll Guru (Enhanced)Option available now to do Payroll Posting in Financials without posting it Document Class Wise for each Employee

(Ichiban Payroll Guru - Payroll - Payslip Generation)44.Import - Product Master (Enhanced)

- Applicable for India Only

• New Fields added

• HSN Code Description

• SAC Code Description

• Available in Import Template also

(Masters - Items / Products - Products)

(Manufacturing - Masters - General - Products)45.New GST Tax Codes (Enhanced)

- Applicable for Singapore onlySales :

• SRCA-S - GST 0.00% SRCA-S

• SRCA-C - GST 7.00% SRCA-C

• SRRC - GST 7.00% SRRC

• SROVR - GST 7.00% SROVR

Purchase :

• TXCA - GST 7.00% - 7.00% TXCA

• TXRC-TS - GST 7.00% TXRC-TS

• TXRC-ESS - GST 7.00% TXRC-ESS

• TXRC-N33 - GST 7.00% TXRC-N33

• TXRC-RE - GST 7.00% TXRC-RE

• IM-ESS - GST 7.00% IM-ESS

• IM-N33 - GST 7.00% IM-N33

• IM-RE - GST 7.00% IM-RE

(General Ledger/Cash/Bank - Entry - Cash / Bank Voucher)

(Accounts Payable - Purchases - Entry - Vendor Receipt / Payment – Advance)

(Accounts Receivable - Sales - Entry - Customer Receipt / Payment – Advance )46.Statutory - Form GSTR-1 (Enhanced)

- Applicable for India Only

• Changes made in “Reconcile with General Ledger” Tab for easier understanding

• “Amount” Column changed to “Balance Amount”

• New Columns

• “Debit”

• “Credit

(Auditor's Toolbox / GST / Form GSTR-1)

(Statutory / Reports / GST / Form GSTR-1)47.Masters - Customers (Enhanced)

- Applicable for Philippines Only

• New Field added

• 'TIN' : Customer Master / General

• TIN Structure Example: 123-456-789-000

(Masters - Customers / Vendors - Customers)48.Masters - Vendors (Enhanced)

- Applicable for Philippines Only

• New Field added

• 'TIN' : Vendor Master / General

• TIN Structure Example: 123-456-789-000

(Masters - Customers / Vendors - Vendors)49.Invoice Register - Customer (Enhanced)

- Applicable for Philippines Only

• 'TIN Number' now available

• Invoice Register - Customer

• If a Customer has a TIN Number in Customer Master, it will show in report

• Now available is all Invoice Register - Customer designs (except Invoice Print Log)

(Accounts Receivable - Sales / Reports / Sale Registers / Invoice Register - Customer)50.Invoice Register - Vendor (Enhanced)

- Applicable for Philippines Only

• 'TIN Number' now available

• Invoice Register - Vendor

• If a Vendor has a TIN Number in Vendor Master, it will show in report

(Accounts Payable - Purchases / Reports / Purchase Registers / Invoice Register - Vendor)51.Tax Deduction at Source (TDS) (Enhanced)

- Applicable for India only

• In TDS Section, Drop Down and Help Window: New Columns added

• TDS% (Company)

• TDS% (Individual / HUF)

• TDS% (Firm)

• TDS Threshold Amount

• TDS Section Code and TDS Section Description now available

• Additional Charges

• TDS Attracting General Ledger

• TDS Attracting Product

(Masters - Tax Deduction at Source (TDS) - TDS Types (Sections))52.Masters - Employee (Enhanced)

- Applicable for Nepal Only

• Template Employee: Following Fields in Employee Master Excel Template enhanced for seamless import

• PFCONTRI,L,1

• CITCONTRI,L,1

• INSURANCECONTRI,L,1

(Masters - Employee)53.Statutory - Entry - E-Way Bill Generation (Enhanced)

- Applicable for India Only

• E-Waybill Module Unit Column: "METRIC TON" Unit now available

(Statutory - Entry - E-Way Bill Generation)54.FACT ERP.NG - PEPPOL Integration (Enhanced)

- Applicable for Singapore only

• Company

• PEPPOL ID : “SGUEN” does not need to be entered now – simply enter UEN (Example: 199206146Z)

• UEN is now fetched from the PEPPOL Portal automatically based on the Company Name and will be auto-populated wherever needed

• E-Invoice PEPPOL Configuration

• Enter following PEPPOL User Credentials direct from Home Screen

• PEPPOL SFTP Address

• PEPPOL SFTP Port

• PEPPOL SFTP User Name

• PEPPOL SFTP Password

• PEPPOL ID

• Easy PEPPOL Registration: simply fill up the from in FACT ERP.NG and the email will go to PEPPOL directly for registration purposes (no need to email PEPPOL separately)

• Customer Master

• PEPPOL ID: “SGUEN” does not need to be entered now – simply enter UEN (Example: 199206146Z)

• Vendor Master

• PEPPOL ID: “SGUEN” does not need to be entered now – simply enter UEN (Example: 199206146Z)

• Product Master

• PEPPOL’s Master List of UOM (Unit of Measurement) now available for mapping in Product Master

• Entry - Sale Invoice

• New Column in Home Screen shows “Uploaded Arrow” once Sale Invoice has been successfully uploaded on PEPPOL Portal

• Entry - Purchase Invoice

• New Column in Home Screen shows “Downloaded Arrow” if Purchase Invoice has been successfully downloaded from PEPPOL Portal (and automatically imported into FACT ERP.NG)

(System - Company)

(Masters - Customers / Vendors - Customers)

(Masters - Customers / Vendors - Vendors)

(Masters - Item / Products - Products)

(Account Receivable - Sale - Entry - Sale Invoice)

(Accounts Payable - Purchases - Entry - Purchase Invoice)55.Document Designer - Sale Invoice (Enhanced)

- Applicable for India Only

• E-Invoice IRN: New Table with following fields under Sale Invoice

• Document Number

• IRN Acknowledgement Date

• IRN Acknowledgement Number

• IRN

• QR Code

(Masters / Document Designs)

(Accounts Receivable - Sales - Document Printing - Sale Invoice - Printing)56.Document Designer - Sale Return (New)

- Applicable for India Only

• E-Invoice IRN: New Table with following fields under Sale Return

• Document Number

• IRN Acknowledgement Date

• IRN Acknowledgement Number

• IRN

• QR Code

(Masters / Document Designs)

(Accounts Receivable - Sales - Document Printing - Sale Return - Printing)57.Document Designer - Purchase Return (New)

- Applicable for India Only

• E-Invoice IRN: New Table with following fields under Purchase Return

• Document Number

• IRN Acknowledgement Date

• IRN Acknowledgement Number

• IRN

• QR Code

(Masters / Document Designs)

(Document Designer / Accounts Payable - Purchases / Purchase Return - Printing)58.Document Designer & Report Writer - Bar Code Control (Enhanced)

• New Option to Print "QR Code"

• Available in Report Writer under following control

• Option : "Bar Code"

• Property : "Bar Code Data Source"

(Masters / Document Designer)

(Masters / Report Writer)59.Web Cockpit (Enhanced)

- Purchase

• New Options introduced in Purchase Invoice Adjustment Report

• From Date & To Date

• Detail

• Opening

(Ichiban Payroll Guru/Web Cockpit)60.Web Cockpit (Enhanced)

- Inventory

• New Options introduced in Warehouse Wise Stock Report

• Product Wise

• Product Group Wise

(Ichiban Payroll Guru/Web Cockpit)61.Cockpit - ATC (Enhanced)

- Sales Air Traffic Control

• “Fiscal Period” Dates will be retained when you log in next

• Top N Customers - Summary

• Top N Customers - Detailed

• Top N Products - Summary

• Top N Products - Detailed

• Top N Agents (Salesmen) - Summary

• Top N Agents (Salesmen) - Detailed

• Top N Vendors - Summary

• Top N Vendors - Detailed

• New Refreshed Interface for NWC (Number of Weeks Covered) Column

• Tooltip shows how “Carrying Cost” is calculated

(Cockpit - Snapshot - ATC - Sales Air Traffic Control)

(Cockpit - Snapshot - ATC - Sales Air Traffic Control)

(Cockpit – Sales – Top N Customers – Summary)

(Cockpit – Sales – Top N Customers – Details)

(Cockpit – Sales – Top N Products – Summary)

(Cockpit – Sales – Top N Products – Details)

(Cockpit – Sales – Top N Agents (Salesmen) – Summary)

(Cockpit – Sales – Top N Agents (Salesmen) – Details)

(Cockpit – Purchase – Top N Vendors – Summary)

(Cockpit – Purchase – Top N Vendors – Details)

(Cockpit – Purchase – Top N Products – Summary)

(Cockpit – Purchase – Top N Products – Details)62.Sales & Purchase Document Designs (Enhanced)

- Applicable for India Only

• New Document Designs introduced for E-Invoicing

• Sale Invoice - GST (Global Level) with IRN & QR Code

• Sale Invoice - GST (Product Level) with IRN & QR Code

• Sale Return - GST (Global Level) with IRN & QR Code

• Sale Return - GST (Product Level) with IRN & QR Code

• Purchase Return - GST (Global Level) with IRN & QR Code

• Purchase Return - GST (Product Level) with IRN & QR Code

(Masters / Document Designer / Sale Invoice)

(Masters / Document Designer / Sale Return)

(Masters / Document Designer / Purchase Return)

(Accounts Receivable - Sales - Document Printing - Sale Invoice - Printing)

(Accounts Receivable - Sales - Document Printing - Sale Return - Printing)

(Accounts Payable - Purchases - Document Printing - Purchase Return - Printing)63.VAT Rate increased from 5% to 15% by the Kingdom of Saudi Arabia (Enhanced)

- Applicable for Kingdom of Saudi Arabia (KSA)

General Authority of Zakat and Tax (GAZT) of the Government of Kingdom of Saudi Arabia (KSA) has announced that effective 1 July 2020, Value Added Tax (VAT) rate will increase to 15% from the current rate 5%. For all Purchase and Sale transactions dated 1 July 2020 and later, FACT ERP.NG will now automatically apply the New VAT Rate of 15%.

(Accounts Payable - Purchases - Entry - Purchase Inward Quotation)

(Accounts Payable - Purchases - Entry - Purchase Order)

(Accounts Payable - Purchases - Entry - Purchase D/O (GRN))

(Accounts Payable - Purchases - Entry - Purchase Invoice)

(Accounts Payable - Purchases - Entry - Purchase Return)

(Accounts Payable - Purchases - Entry - Vendor Debit/Credit Note)

(Accounts Receivable - Sales - Entry - Proforma Invoice / Quotation)

(Accounts Receivable - Sales - Entry - Sale Order)

(Accounts Receivable - Sales - Entry - Sale D/O)

(Accounts Receivable - Sales - Entry - Sale Invoice)

(Accounts Receivable - Sales - Entry - Sale Return)

(Accounts Receivable - Sales - Entry - Customer Debit/Credit Note)64.Cockpit - Snapshot (Enhanced)

- Top N Vendors

• Double Click on "Total Advances" to view Payment level details from Top N Vendors