What's New
Version 6.0.7
Release Date : 03 March 2020
 
1. Cockpit - Top N Products - Introducing “Show NWC” check Box (Enhanced)
  • Check this Box to show Number of Weeks Covered of each Product
  • The calculation for the Number of Weeks Covered is as follows :
    • WC = Number of Weeks between Start Date and Current Date
    • SQ = Sale Quantity
    • WQ (Sale Quantity per Week) = (SQ / WC)
    • STK = Stock In Hand as on date
    • NWC (Number of Weeks Covered) = (WQ * STK)
(Cockpit - Snapshot - ATC – Product - Summary)
(Cockpit – Sales – Top N Products – Summary)
2. Cockpit - Snapshot (Enhanced)
- Sales
  • Month Wise Sales Statistics: Now considers the Sale Invoice Terms value when “Include Profitability” is checked in “Masters - Invoice Terms – Sales”
(Cockpit / Snapshot / Sales)
3. Email Campaign (Enhanced)
  • Designation : New Column introduced in Recipient list
(Cockpit - ATC - Sales Air Traffic Control)
(Cockpit - Sales - Top N Customers – Summary)
4. Post Dated Cheque (PDC) Management (New)
Presenting the new age Post Dated Cheques tracking where you will be notified in real time about the future Receivables and Payables. The feature has been introduced through a brand new module where the Post Dated Cheques (PDC) are registered and monitored. PDCs will be posted as Receipt/Payment Voucher once they are cleared from this module.
  • PDC in System Control
    • Post Dated Cheques: New tab introduced for interim posting of the PDC from :
      • Post Dated Cheque Issued Account
      • Post Dated Cheque Received Account
      • Post Dated Cheque Account - Trade Debtors
      • Post Dated Cheque Account - Trade Creditors
  • PDC in Configuration
    • PDC Notification Configuration: New Module to define the Notification Days prior to the date of PDC Document. This notification will be shown when user logs in.
  • PDC in Document Numbering
  • Following set of Document Numbering Schemes introduced for auto-posting of interim Journal entries for Post Dated Cheques
    • Post Dated Cheques
      • Receipt-Customers
      • Issued-Customers
      • Issued-Vendors
      • Receipt-Vendors
  • Entry - Post Dated Cheques - Customer Receipt / Payment
    • Enter the Post Dated Cheque Issued/Received from Customer
    • When the PDC matures, it will be cleared and the actual Receipt / Payment Voucher will be posted
  • Entry - Post Dated Cheques - Vendor Receipt / Payment
    • Enter the Post Dated Cheque Issued/Received from Vendor
    • When the PDC matures, it will be cleared and the actual Receipt / Payment Voucher will be posted
  • Post Dated Cheques – Reports and Maintenance
    • PDC Maintenance: To Clear PDC, Return PDC and Recall PDC documents
    • Reports - PDC List : Shows Listing of PDCs which are not yet Matured or Cleared
    • Reports - PDC Register : Shows details of all Issued and Received PDC
    • PDC Notification: Shows PDCs which are to be Cleared as per the notified days
5. Van Sales Guru (New)
Available for Download from Google – Play Store
This app is a companion product to FACT ERP.NG application for existing users.
Prerequisite : FACT ERP.NG Remote Application Server License.

A brand new Mobile App for Van Sales – installs on your device to:

  • View Product Catalog: With details of Product Type, Available Quantity, UOM etc
  • View Customer Card: With Address, Credit Limit and Current Outstanding Amount
  • Manage Sale Invoices:
    • Add, Edit or Delete Sale Invoices on-the-go
    • Select Products in Sales Invoice by simply scanning the Product Barcode with the integrated scanner
    • Monitor Payment Status of Sales Invoices
    • Print or Email Sales Invoice from your mobile
  • Generate Money Receipts:
    • Generate / View the Money Receipts
    • Edit / Delete Money Receipts directly from your mobile
6. Security Rights Grouping - Zoom (Enhanced)
  • Zoom: New Security Right to restrict user from Zooming into Entry documents from Reports
  • Entry module has Zoom rights but no Modify rights : User can Zoom into the transaction, but will not be able to modify it (very useful for auditors to zoom into transactions from the Data Dump Reports)
  • Applicable for Entry Documents and available in:
    • Accounts Payable - Purchases - Reports - Party Ledger Vendors Data Dump
    • Accounts Receivable - Sales - Reports - Party Ledger Customers Data Dump
    • Accounts Receivable - Sales - Reports - MIS Reports - Ageing Customers Data Dump
    • Accounts Receivable - Sales - Reports - Receipts Register Data Dump
    • Accounts Receivable - Sales - Reports - Payments Register Data Dump
    • Accounts Receivable - Sales - Sales Data Dump
    • Accounts Payable - Purchases - Reports - MIS Reports - Ageing Vendors Data Dump
    • Accounts Payable - Purchases - Purchase Data Dump
    • Accounts Payable - Purchases - Reports - Receipts Register Data Dump
    • Accounts Payable - Purchases - Reports - Payments Register Data Dump
    • Accounts Payable - Purchases - Purchases Order Data Dump
    • Accounts Receivable - Sales - Sales Order Data Dump
    • Auditor's Toolbox - Sales Data Dump
    • Auditor's Toolbox - Purchase Data Dump
    • Auditor's Toolbox - Ageing Customers Data Dump
    • Auditor's Toolbox - Ageing Vendors Data Dump
    • For existing users who are already tagged to a Security Rights Group: please modify and provide necessary rights
(System - Configuration - Security Rights Grouping)
7. Userwise Customer Access Introduced (Enhanced)
  • Home Screen and Document Selection Help Window will show only those Customers and Customer documents for which User has rights for:
    • Customer selection
    • Proforma Invoice / Quotation selection
    • Sale Order selection
    • Sale D/O selection
  • “Make Invoice” and “Make Sale Return” will show those Customer documents for which User has rights
  • Applicable modules are:
    • Entry – Sale Order
    • Entry – Sale Invoice
    • Entry – Customer Receipt / Payment
(Accounts Receivable - Sales - Entry - Sale Order) (Accounts Receivable - Sales / Entry / Sale Invoice)
(Accounts Receivable - Sales / Entry / Customer Receipt / Payment))
8. Customer Credit Limit with Credit Days Check (Enhanced)
  • Customer Credit Limit along with Approved Credit Days will now be checked as soon as the Customer Code is entered (instead of checking at the time of saving) in :
    • Entry - Proforma Invoice / Quotation
    • Entry – Sale Order
    • Entry – Sale D/O
    • Entry – Sale Invoice
(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)
9. Attachment facility in Product Master (Enhanced)
  • You may attach multiple files in :
    • Masters - Items / Products – Products
    • Manufacturing - Masters - General - Products
  • File types allowed : .TXT, .PDF, .JPG, .PNG, .BMP, .GIF, .XLS, .XLSX, .DOC, .DOCX
  • Security Access Rights: Control which users will have access (via 'Security Rights Grouping') to:
    • View Attachments
    • Add Attachments
    • Remove Attachments
(Masters - Items / Products - Products)
(Manufacturing - Masters - General - Products)
10. FamilyWealthGuru – Asset Master File Attachment introduced (Enhanced)
  • Attach Multiple Files in Asset Master
  • File types allowed : .TXT, .PDF, .JPG, .PNG, .BMP, .GIF, .XLS, .XLSX, .DOC, .DOCX
  • Security Access Rights: Control which users will have access (via 'Security Rights Grouping') to:
    • View Attachments
    • Add Attachments
    • Remove Attachments
(FamilyWealthGuru - Asset Master)
11. Entry – Recurring Sale Invoice File Attachment introduced (Enhanced)
  • Attach Multiple Files in Recurring Sale Invoice
  • File types allowed : .TXT, .PDF, .JPG, .PNG, .BMP, .GIF, .XLS, .XLSX, .DOC, .DOCX
  • Security Access Rights: Control which users will have access (via 'Security Rights Grouping') to:
    • View Attachments
    • Add Attachments
    • Remove Attachments
  • The attachments will be carried forward to the generated Sale Invoice
(Accounts Receivable - Sales - Entry - Recurring Sale Invoice)
12. Entry - Sale Return (Enhanced)
  • Total value for Amount column now introduced
(Account Receivable - Sales / Entry / Sale Return)
13. Contra and Cash/Bank Voucher – Import (Enhanced)
  • Following fields now available for Import:
    • Bank Charges
    • Bank Charges General Ledger Code
(General Ledger/Cash/Bank - Entry - Contra Voucher)
(General Ledger/Cash/Bank - Entry - Cash / Bank Voucher)
(Utility / Import / General Ledger/Cash/Bank - Contra Voucher)
(Utility / Import / General Ledger/Cash/Bank - Cash / Bank Voucher)
14. Maker Checker(Enhanced)
  • Maker Checker now available for:
    • Entry – Adjustment of Stock – Stock Adjustment
(System / Configuration / Maker Checker System / Checker Definition)
(System / Configuration / Maker Checker System / Maker Checker Template)
15. Reports - General Ledger Data Dump (Enhanced)
  • “Document Relationship” button added as first column
  • Click to view all documents connected to the transaction
  • New Columns added:
    • General Ledger Group
    • General Ledger Sub Group
(General Ledger/Cash/Bank - Reports - General Ledger - General Ledger Data Dump)
(Auditor's Toolbox - General Ledger Data Dump)
16. Inventory Warehousing Reports – Stock Status Query (Enhanced)
  • New Columns added:
    • Group Name
    • RP Rate (For India only)
    • HSN Code (For India only)
(Inventory Warehousing - Reports - MIS Reports - Stock Status Query)
17. MIS Reports – Ageing Customers (Enhanced)
  • New Fields introduced:
    • Order Number
    • Order Date
  • These fields will show the details of the Sale Order which is tagged with the Sale Invoice
  • Available in both Summary and Detailed Reports
(Accounts Receivable - Sales - Reports - MIS Reports - Ageing - Customers - Customer Wise)
18. MIS Reports – Ageing Vendors (Enhanced)
  • New Fields introduced:
    • Order Number
    • Order Date
  • These fields will show the details of the Purchase Order which is tagged with the Purchase Invoice
  • Available in both Summary and Detailed Reports
(Accounts Payable - Purchases - Reports - MIS Reports - Ageing - Vendors - Vendor Wise)
19. MIS Reports – Ageing Customers Data Dump (Enhanced)
  • Customer Payment now considered for ageing details
(Accounts Receivable - Sales - Reports - MIS Reports - Ageing Customers Data Dump)
(Auditor's Toolbox - Ageing Customers Data Dump)
20. MIS Reports – Ageing Vendors Data Dump (Enhanced)
  • Vendor Receipt now considered for ageing details
(Accounts Payable - Purchases - Reports - MIS Reports - Ageing Vendors Data Dump)
(Auditor's Toolbox - Ageing Vendors Data Dump)
21. Global Search (Enhanced)
  • “Document Relationship” button added as first column of the Search Result window
    • Click to view all documents connected to the transaction
    • Now also available under “Auditor’s Toolbox”
(Search)
(Auditor’s Toolbox – Global Search)
22. Refreshed Interface (Enhanced)
  • Refreshed and Cleaner Interface for:
    • General Ledger/Cash/Bank - Reports - General Ledger - General Ledger Detail with Foreign Currency
    • Inventory Warehousing - Reports - MIS Reports - Daily Closing Stock Summary Report
    • Manufacturing - Reports - Manufacturing Order - Raw Material Availability Status
    • Statutory - Reports - TDS / e-TDS Forms - Form 27A
    • Auditor's Toolbox - TDS / e-TDS Forms - Form 27A
    • Utility - Ar/Ap Documents Revaluation
    • Utility - Bank Revaluation
23. Masters - Invoice Terms - VAT/CST/GST Codes (Enhanced)
- Applicable for India only
  • Now Profit & Loss (P/L) type General Ledger Code can be selected for the following posting
    • IGST Posting General Ledger Code
    • CGST Posting General Ledger Code
    • SGST Posting General Ledger Code
    • UGST Posting General Ledger Code
  • This new feature is helpful for those companies which are not able to claim “Input Tax Credit (ITC)”
  • Recommended : Companies which are allowed to claim “ITC” should continue to use Balance Sheet (BS) type General Ledger Code
(Masters - Invoice Terms - VAT/CST/GST Codes)
24. Master – Item/Products (Enhanced)
- Applicable for India only
  • MRP Rate field now moved to:
    • Tab - Unit Of Measurement / Rate / General Ledger Mapping Details
    • Group - Selling Rates / Buying Rate / Markup (%) On Cost
  • If “Activate Multiple Rates” is checked in Accounts – Preferences – System Control – Sales, it will be available in Multiple Sale Rate option
(Masters - Items / Products - Products)
25. HSN / SAC made compulsory for Product Master (Enhanced)
- Applicable for India only
  • Now it is mandatory to provide “GST HSN Code” or “GST SAC Code” when creating a Product – Inventory or Service type
  • For Existing Products: if modified, you need to tag “GST HSN Code” or “GST SAC Code” if it was earlier left blank
(Masters - Items / Products - Products)
(Manufacturing – Masters – General – Products)
26. Entry – Purchase D/O (GRN) (Enhanced)
- Applicable for India only
  • GST HSN / SAC Code: New Column introduced in Product Help window
  • Available for Product Help Window available in the Purchase Order at the time of Purchase Order selection
(Accounts Payable - Purchases - Entry - Purchase D/O (GRN))
27. Entry – E-Way Bill Generation (Enhanced)
- Applicable for India only
  • Auto loading of Products introduced for the selected Document
(Statutory – Entry – E-Way Bill Generation)
28. GSTR-1 (Enhanced)
- Applicable for India only
  • Documents which appear in “Reconcile with General Ledger Tab” and not present in “Reconcile with Accounts Receivable Tab” are marked with “*”
  • Documents that appear in “Reconcile with Accounts Receivable Tab” and not present in “Reconcile with General Ledger Tab” are marked with “**”
  • Customer Payment IGST has been separated from Taxable Value
(Statutory - Reports - GST - Form GSTR-1)
(Auditor's Toolbox - GST - Form GSTR-1)
29. Increased Length of BRN & CRN for Customer / Vendor (Enhanced)
- Applicable for Malaysia only
  • Length of Business Registration Number (BRN) and Company Registration Number (CRN) has been increased in:
    • Master – Customer
    • Master – Vendor
  • Above enhancement makes it possible to enter the New Registration Number (increased length) introduced by Companies Commission of Malaysia
(Masters - Customers / Vendors - Customers)
(Masters - Customers / Vendors - Vendors)
30. Incorporation of B2B Exemption in Entry Module (Enhanced)
- Applicable for Malaysia only
  • B2B Exemption now available in:
    • Entry – Sale Return
    • Entry - Customer Debit/Credit Note
(Accounts Receivable - Sales - Entry - Sale Return)
(Accounts Receivable - Sales - Entry - Customer Debit/Credit Note)

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