LATEST UPDATES – Ver 1.3.28

1

SST Compliance

Display exchange rate on quotations and invoices.

When issuing a quotation/invoice in foreign currency, the transaction exchange rate will be displayed on the issued document when 'Display in Home Currency is Toggled'.

1

Added Print Option

Print or generate a .pdf copy of your recorded bills or payment vouchers.

A Print button can now be found at the top right corner of your approved bills and payments which allows users to generate a printable .pdf bill/payment voucher respectively.

Sample Payment Voucher

Sample Bill

2

Improved Reconciliation Interface & Report

• Closing Date Filter
• Bank Balance as off Field
• Add Sales & Purchase Payments
• Improved Report
• Option to Import Statement for Integrated Users
• Fixed Encrypted Description (DBS)
• Relocation of Import Statement button

1. Closing Date Filter
With the Closing Date set, any transactions that occur past the closing date will be filtered out.

Transactions only appear when it falls within the Closing Date.

2. Added Bank Balance as off Field

'Bank Balance as of' is a newly added field for users to input the Bank Balance as of the Closing Date set.

Notes:

• This field can be filled in manually by users.
• If importing a statement in .xls format, this field will be filled accordingly based on the info contained in the template.
• Accounts that are integrated with banking partners will have the Bank Balances generated automatically based on historic data.

The Bank Balance as of has to match with both the Bank New Closing Balance and Financio New Closing Balance before being able to reconcile.

3. Add Sales & Purchase Payments

Users now have the option to add sales and purchase payments directly from the reconciliation page simply by clicking the '+' icon on the unmatched bank feed interface.

From here, users have the option to add a sales/purchase payment to knock-off invoices/bills respectively.

4. Improved Reporting

Reconciliation report now shows the total reconciled amount for the given closing period.

Opening Balance + Reconciled Amount = New Closing Balance

5. Option to Import Statement for Integrated Users

Integrated users now have the option to import statements to manually reconcile previous transactions prior to activating their integration with the banks.

6. Fixed Encrypted Description (DBS)

DBS Integrated Users will no longer see gibberish in the description of their bank feed transactions.

7. Relocation of import statement button

3

Improved way or recording deposits paid & received

Sales & Purchase Payments automatically recorded as a deposit under the following conditions:

• [Deposit Received] Sales Payment is applied to a Proforma Invoice
• [Deposit Received] Sales Payment is not applied to any Invoice or Proforma Invoice
• [Deposit Paid] Purchase Payment is not applied to any Bill

Note: A deposit received and deposit paid account is automatically created for all users under current liabilities & current assets respectively.

Example:

RM500 payment is received and applied on a proforma invoice (INV1007).

The journal will be recorded as follows:

Upon approval of an Invoice, Financio will automatically reverse the deposit amount for you.

DR: Accounts Receivable CR: Deposit Received

4

Improved management of advance payments received

All payments with outstanding amounts will now be displayed when a user is adding a payment to an invoice.

Note: Only outstanding payments linked to the selected customer will be displayed

5

Added Period Lock

To prevent and mitigate risk of other users from making changes to transactions from previously closed periods, we've added the ability for Admin Users to lock a particular period from further changes.

This can be done via Control Panel > Business Settings > General

Changes made to the Period Lock will also be recorded in the Audit Trail for further security.

6

Auto Log Out Feature

• Disabled multiple concurrent login sessions
• Auto Log Out

1. Disabled multiple concurrent login sessions

In efforts of further enhancing account security, Financio has disabled multiple concurrent login sessions. If two users try to login using the same credentials, the former logged in user will be kicked from the session.

2. Auto Log Out

Users will now be automatically kicked from a session if idle for 1 hour or when browser is closed.

Nevertheless, users may opt to remain signed-in by selecting 'Keep me signed in' on the login page.