Note: If you're viewing on the support chat widget, we recommend you click the expand icon on the top right corner, for better viewing experience.
We understand that change happens. If you need to downgrade your account, we're happy to help.
What is a downgrade?
Downgrade happens when you switch from Premier to Essentials plan.
How to downgrade?
- Navigate to Control Panel.
- Click on Subscription and select the Subscription Centre.
- Click on the Downgrade Subscription
What are the impacts of downgrading?
Since a number of product features are excluded/limited from the Essentials plan, downgrading will have a number of impacts. These impacts are described below.
Areas | Impacts |
Costing method |
Whichever costing method you are currently using, will stay throughout your Financio Essential subscriptions. There will be no option to switch method. |
Inventory Location |
Inventory recorded under the primary location will remain. Whereas, remaining inventory on all the other locations, will automatically be recorded under the primary location. Other locations created in the system, will be deactivated. |
Currency Choice |
Your current home currency will remain as the only currency for all future transactions/record. Existing data recorded/captured with other currencies will remain as read-only data. Chart of Accounts created using non-home currency will be deactivated. You will need to create a new Chart of Accounts to continue using. |
Invoice |
You will have a limit of 20 invoice creations/month. |
Purchase Bills |
You will have a limit of 5 purchase bills creations/month. |
Inventory Features: Receive Items, Build Items, Auto Build, Count Inventory and Move Items |
You will not have access to these features with your subscription to Financio Essentials. |
Reports: Inventory Movement report, Inventory Location Summary report, Auto build report, Planning and Forecast report. |
You will not have access to these reports with your subscription to Financio Essentials. |
Comments
0 comments
Article is closed for comments.