New shortcut keys added to help you work faster, improvements in various modules including Cash & Bank, Contact, Chart of Accounts, and Expense. You can now export the balance sheet report, income statement report, and trial balance report as excel and PDF.
New keyboard shortcut keys added
Updates in Cash & Bank module
While creating or editing a bank, users can add an opening balance.
Bank delete option – Users can now delete the whole bank with one click, only if there is not any transaction associated with it.
Users can export bank statements in different file formats including XLSX, CSV, XLS, ODS, XLSB, SLMS, and PDF.
Users can archive/unarchive the bank as per their requirements.
Accept or pay money in on account of any vendor and customer account through on account receipt/payment option.
Receive and make payment selectively using bill payment and invoice receive options
Unreconcile reconciled bank entry in Bank Statement and Bank Book option
View relative reconcile entry of any reconciled Bank Book entry
Users can select Balance sheet group for banks for convenience
Improved bank import feature to make it easier for users to import bank statements using different file-formats including XLSX, XLS, TXT, and CSV.
Improvements made in menu setting and the header design to give software dynamic look
Improvements in Contact module
New design and separate tabs for different module provided to easily manage contacts
Users can enter an opening balance for a customer or vendor at the time of adding or editing a contact
Improvements in the Chart of Accounts module
Option to enter the opening balance of ledger account at the time of adding or editing an account
Option to consolidate opening balance entry for bank, contact, and account
New trial balance report with grouped and detailed-view options. Also, view the report with/only opening balance, transaction, closing balance.
Excel and PDF export option for balance sheet report, income statement report, and trial balance report
Users can send invoice details via SMS to customers with a link to download the invoice
Manage negative balance for inventory item by with the option to enter sales and purchase invoice in any order
Book start date option in financial setting for opening balance date
New expense module
Users can manage GST and ITC claim
Expense print template
Enhance input date format allowing the application to accept a date in different formats such as 10.04.2020, 10/04/2020, 10-04-2020, and 10-Apr-2020.
Keyboard shortcuts list
Bank opening balance
Bank delete option
Bank transaction export option
Export bank transaction in different formats
Bank archive option
Restore option for archived bank
On account receipt option
On account payment option
Selective payment and receipt option for sales and purchase invoice
Unreconcile option for bank statement entry
Unreconcile option for bank book entry
Option to view reconciled bank book entry
View reconciled bank statement
New fields in bank book listing page
Bank add group option
Bank import page-1
Bank import page-2
New menu setting page
Add menu page
New header design
New contact page design
Add opening balance while adding a contact
Add opening balance while editing a contact
Account opening balance page
Trial balance grouped view
Trial balance detailed view
Trial balance setting
Balance sheet export option
Income statement export option
Trial balance export option
Send SMS option
Financial setting for Book start date
Expense ITC option
Expense preview option
e are always excited to hear from you. If you have any feedback, question, or concern, please drop us an email at: email@example.com.
There is no specific option available to transfer net profit to the proprietor or individual capital account. Trading Statement, and many things, lots of things missing as compared to QuickBooks, tally, and other software in the market. Make simple format of invoice and other.. its to lengthy process to create one invoice.
Thanks for your participation and interest on HB Accounts, we understood your concern and please refer the following replies. Sir also we have already discussed all these points with you over a call.
Query 1. There is no specific option available to transfer net profit to the proprietor or individual capital account.
Currently, it is an automated process where the Profit and loss account balance is automatically transferred to Retained Earnings account under Capita>Reserve and surplus .Option to transfer Profit & Loss account balance into capital account will be available from next release.
Query 2. Trading Statement, and many things, lots of things missing as compared to QuickBooks, tally, and other software in the market.
As specific to the Trading Account/Trading Statement, New Profit & Loss Account Format which contains trading account as well, will be available from next release.
Please specify other things we are missing and we will be touch with you to resolve your concern.
Query 3. Make simple format of invoice and other. its to lengthy process to create one invoice.
As understood from the above, your concern is Invoice creation process is lengthy in HB Accounts. At invoice creation HB Accounts provides all mandatory fields as per GST and other fields based on different industries requirement, where user can customize those fields from the settings as per his requirement. If Master like contact & items are properly filled and Invoice Series setting done then invoice can be created with few clicks.
Please contact us at HostBooks.com and we will be touch with you for the demo which helps how invoice creation process will be easier?