We’ve been busy implementing some great improvements whilst everyone else was off celebrating Christmas and New Year!
VAT changes
Standard rate UK VAT changed from 15% to 17.5% on 01/01/2010.
To facilitate this change:
1) The default VAT rate was set to 17.5%.
2) Products with a VAT rate of 15% have been changed to 17.5%
The 15% rate is still available in the dropdown for recording historic transactions.
Improved Searching
We’ve made searching even better. Instead of searching each time you click or tab to another field we’ve added a search button. You can still press “enter” to initiate the search.
Some people loved the way the search remembered what had been searched on, some didn’t! So, we’ve also added a checkbox “Remember Filter” which indicates if you want the current search criteria to be remembered the next time you go to or go back to the page.
More details in the transaction audit trail.
The transaction audit trail now shows the split of the transaction across all the affected accounts without having to drill down and shows more data against the transaction such as the VAT code, date of reconciliation. The searching has also been improved with the ability to search for transactions in a particular year.
Bank Reconciliation
We’ve added a new Bank Reconciliation Report available from the Bank Reconciliation page or from a Bank Reconciliation. This report displays all the details of a Bank Reconciliation. Note, reconciled and reconciled transaction reports are available from the Bank Reports page on the Bank menu.
We’ve also increased the actions available during bank reconciliation to make the process quicker.
Edit transaction
The following transactions can now be edited from the transaction audit trail:
- Bank Payment,
- Bank Receipt,
- Customer Invoice,
- Supplier Invoice
This does not “edit” the real transactions as these may already be part of a VAT return, bank reconciliation session or year end. Instead, reversals are created for the original transactions and new transactions created.
This is also available during bank reconciliation.
The edit facility will be extended to other transaction types over the coming months.
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