Updated user interface, quarterly reconciliation of GSTR-2A & GSTR-3B, and delete invoices in bulk
April 16, 2020
Delete deductees in bulk and all form reports updated as per the latest gazette.
April 24, 2020

New keyboard shortcuts, improvements in multiple modules, and UI updated in Menu and header

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.

Highlights?
  • 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: qa@hostbooks.com.

2 Comments

  1. Pratik Wani says:

    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.

    • Arpita Bora says:

      Dear Pratik,

      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?

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