What's New - Version 6.0.23

(New / Enhanced)

• Total Value of All Projects
• Sale Invoices Raised
• Received from Customers
• Total of Costs
• Total Unbilled Time Sheets Amount

• Add Attachments at Company Level as well

• Add Compliance Configurations & Access Document Vault directly from here

• Ageing Added for Sale Invoices, Debit Notes, Payments, Credit Notes, Receipts
• Email Window
  • Select Email Addresses from Customer Contacts
  • Select Email Addresses from FACT Users
  • To and Cc Options

• Ageing Added for Sale Invoices, Debit Notes, Payments, Credit Notes, Receipts

• New Parameter Added: Outstanding Only

• Salesman (Agent) Code and Name Added

• New Option Added: Outstanding Indents/Requisitions

• Ageing Added for Purchase Invoices, Debit Notes, Payments, Credit Notes, Receipts

• Ageing Added for Purchase Invoices, Debit Notes, Payments, Credit Notes, Receipts
• New Parameters Added: Include Opening, Balance Amount, Purchase Invoice Status, Vendor Code, Purchaser (Agent) Code

• New Parameter Added: Outstanding Only

• New Field Added: Status (Active/Dormant)

• Allocate supplementary charges (via Service Products) incurred on imports, proportionately on Line Level Amounts or specifically to each Line Level
• Set up your own Column Names for supplementary charges
• Set up Sequence of Display for supplementary charges
• Capture Letter of Credit (L/C) details in Purchase Order

• Display Names Added in default (you may add, modify or delete)
• “Child Invoice or Supplementary Invoice” Amounts will be displayed in these Columns when tagged to a Master Purchase Invoice
• Examples: Customs Import Duty, Freight, Clearing Charges, Bank Commission, Warehousing Charges, Local Freight etc
• Define which “Stock Products” these supplementary charges will be applicable on (useful when charges such as Customs Duty are not applicable on all products being imported)
• Possible to map Multiple “Service Products” to the same column

• Generate from Web Cockpit-Reports-Landed Costing (L/C) Report
  • Letter of Credit (L/C) Wise or Master Purchase Invoice Wise
• “Child Invoice or Supplementary Invoice” Amounts will be allocated proportionately on the “Stock Product” Amounts
• To allocate expenses of the “Child Invoices or Supplementary Invoices” specifically on certain products in the Master Purchase Invoice, set up Invoice Term at Line Level and the report will pick it up accordingly
• This report disregards the setting in System Controls-Stock Valuation-Basis of Landed Cost Calculation

• New Tile: Material In/Out Register
  • Displays 2nd Quantity (picked up from “Double Quantity”) also
  • Drill Down into all Documents

• New Columns Added in GL Master-Cash/Bank Books-Credit Limit (Bank Facility) Window
  • Remarks
  • Sanction Number
  • Sanction Date
  • Expiry Date
  • Attachment
• New Columns Added in GL Master-Cash/Bank Books – “Cash/Bank Book Code” Help Window
  • Total Limit Available
  • Details of Credit Limit (Bank Facility) – Clickable Button
    • Sanctioned Limit
    • Booked Credit Limit
    • Credit Limit Available
    • Used Limit
    • Balance Amount
• New Columns Added in “Auto Popup Box for Credit Limit (Bank Facility)” at GL Bank Entry and Vendor Payment Entry
  • Credit Limit Sanctioned
  • Credit Limit Booked
  • Credit Limit Available
  • Credit Limit Used
  • Credit Limit Not Yet Used
• New Reminder Configuration Added in System-Configuration
  • Repayment Due Dates Notification Configuration
  • This works in a similar manner as “PDC Reminders”
  • Set up Number of Days prior to which the Auto Popup Box should be fired
• New Report Added in General Ledger/Cash/Bank-Reports-Cash/Bank Reports-Bank Limit
  • Repayment Due Dates
• “Credit Status Report” is much more informative
  • Generate via General Ledger/Cash/Bank-Reports-Cash/Bank Reports-Bank Limit
    • Only Banks with Bank Limits will be displayed
    • Credit Limit, Used Limit and Balance Limit made visible
    • Drill Down to transactions

• Customer Group Wise
• Vendor Group Wise

• Save time, trees, printer toner and paper
  • New Option Added: Suppress Zero Balances

• New Field Added in Purchase & Sales Data Dump Reports
  • Product Stock (Converted) Quantity

• Displays Total Amount of Customer Receipts for Projects
• Drill Down to view individual Customer Receipts

• Contra Entry
• General Ledger Payment & Receipt
• Purchase Inward Quotation, Purchase Order, Purchase D/O (GRN), Purchase Invoice, Purchase Return, Vendor Receipt, Vendor Payment, Vendor Debit Note, Vendor Credit Note and Dishonoured Cheques
• Proforma Invoice, Quotation, Sale Order, Sale D/O, Sale Invoice, Customer Receipt, Customer Payment, Customer Debit, Customer Credit Note and Dishonoured Cheques
• Party Journal (Customer & Vendor)

• Select Multiple Customers and Vendors in this powerful report
• New Options Added in Selection Window: Tag All, Untag All, Invert

• New Parameter Added: Show Assigned Users (as Tagged in Customer Master) if “Activate User Wise Customer Access Control” = Yes in System Controls-Miscellaneous Tab
• New Columns Added:
  • User ID
  • User Name

• New Option Added: “Show this Box at Login”

• “Currency Code” Added in
  • Sale Invoice Terms Breakup Register
  • Sale Return Terms Breakup Register
  • Purchase Invoice Terms Breakup Register
  • Purchase Return Terms Breakup Register

• New Column Added: Wastage
  • Raw Material Consumption Report is now more accurate with “Wastage” also being reported in a separate column

• Checker will now see only those documents which are pending for approval by Checker
  • Example: According to the Approval Rule, if the document can be approved by either Checker 1 or 2, as soon as Checker 1 approves it, the document will move to “Done” Folder for Checker 2

• New Module Added: System-Preferences-User Wise Active Date Range
  • Assign Each User a different “Active Date Range”
  • New Users will be assigned “Active Date Range” from System-Preferences-Active Date Range (you may edit it)

• New Parameters Added in Sales and Purchase Data Dump Reports
  • Global Level User Defined Fields (UDFs)
  • Line Level User Defined Fields (UDFs)

• New Field Added: MPS Plan Code

• Modification of Global UDF Values of Parent Manufacturing Order (MO) possible even after “Action” has been triggered

• Attach Multiple Documents in Purchase Return from
  • Local Drive / Google Drive

• Added: Upload & Cancel E-Waybill from Purchase Return

• New Reports Added
  • Monthly Provident Fund Report
  • Monthly ESIC Contribution Report
  • Labour Welfare Fund Report
  • PF ECR Report
  • Monthly Professional Tax Report
  • Bank Advice Report

• Leave Encashment Calculation changed as per guidelines of Malaysian Employment Law
• Calculation of “Payment in Lieu of Annual Leave” is now based on Wages at “Ordinary Rate of Pay” (ORP) ieMonthly Rate of Pay———————-26 days= 1 ORP

• Added: New GST State Code = 38 for Ladakh

• Added: New IBG Bank = OCBC Bank

• New Field Added: Tax Code (SCODE) in
  • Customer Debit Note
  • Customer Credit Note
  • Vendor Debit Note
  • Vendor Credit Note

• New Field Added in Company-InvoiceNow (PEPPOL) Tab: “Vendor ID”
• New Field Added in Customer Master: “AGD Business Unit (PEPPOL)”
• New Caption in Sale Invoice-Shipping Address Tab: “Attention To” (replaces Contact Person)
• Prefix Field of PEPPOL ID now editable in
  • Company-InvoiceNow (PEPPOL) tab
  • Customer Master
  • Vendor Master

• cbc:BuyerReference
• cac:AccountingCustomerParty\cac:Party\cac:Contact\cbc:Name
• cac:AccountingSupplierParty\cac:Party\cac:PartyLegalEntity\cbc:CompanyID
• cac:AccountingSupplierParty\cac:Party\cac:Contact\cbc:ElectronicMail
• cac:PaymentTerms\cbc:Note
• cbc:Note

• Enjoy the brand new, easy on the eye TDS Form 26Q screen
  • Generate the TXT File direct from FACT ERP.NG and upload to TDS Portal (TRACES)

• Another Step in Full Automation of TDS/TCS Management
  • New Option in Vendor Master & Sub Ledger Account Confirmation
    • “Tax Return Filed in Preceding 2 Years” = Yes/No
  • If above = No, Higher of “Double of Standard Rate” or 5% will be used automatically (wef 01 July 2021)
  • Applicable in: GL Payment Voucher, Journal Voucher, Purchase Invoice, Vendor Debit Note, Vendor Payment

• “TIN Number” (Tax Identification Number) Added in
  • Sales Data Dump
  • Purchase Data Dump