What we shipped, in plain language.

At year end, a single closing entry zeroes every profit and loss account into the configured retained earnings account. The run can be previewed before it posts and reversed if needed.

Action required: set each company’s retained-earnings account in the Period Close configuration, then lock the historic periods.

A standard close checklist walks through the month-end tasks, with several items checked automatically — draft journals, unposted customer and vendor invoices, open cash days. Blocking items must be completed (or marked not applicable) before the period can be closed.

Accounting periods can now be locked so nothing further posts into a closed month. Locking works per module — payables, receivables, materials, production, payroll, cash and the rest — so operations can be closed while finance still posts its adjustments, or the whole period can be sealed at once.

Every create, change and delete on a financial document — journal entries, customer and vendor invoices, payments, adjustment notes, credit notes and cash transactions — is now recorded in an immutable edit log as required by Rule 11(g) of the Companies (Audit and Auditors) Rules.

Each entry is cryptographically linked to the one before it, so removing or altering a record breaks the chain and is detected. The trail cannot be switched off.

A new Audit Trail page lets finance and auditors search the edit log by document type, action, user, record and date, and see exactly which fields changed.

An integrity check verifies the whole chain on demand and a statutory PDF report — integrity certificate plus edit log — can be produced for the auditor. The check can also be scheduled so the confirmation arrives by email.

A new read-only Statutory Auditor role grants access to the audit trail and its report without any ability to change data.

Action required: after deploy, assign the role to your auditors.

The valuation snapshot stored against a movement recorded the moving-average price as it stood before the movement was applied, so price-analysis and material-ledger views were one step behind. The snapshot now records the price that the movement actually used.

A goods receipt valued the incoming stock at the gross Purchase Order price and ignored the line discount, so stock — and therefore the inventory balance and later cost of sales — was overstated on every discounted purchase. Receipts are now valued at the net price after discount.

The GL Tagging Workbench now offers the statement lines that belong to the entity’s chosen presentation frame, so a partnership is not asked to tag accounts into company-only Schedule III lines.

Financial statements are no longer locked to the company format. A presentation frame now decides how the pack is laid out — corporate (Schedule III under the Companies Act) or non-corporate for partnerships, LLPs and proprietary concerns, whose capital and equity are presented quite differently.

The frame flows through the whole pack: the Balance Sheet and Statement of Profit & Loss faces, the PDF, the notes and the XBRL output all follow the selected frame.

Non-corporate entities get their own capital statement: opening capital, introductions, drawings, share of profit and closing balance per owner or partner — the non-corporate counterpart of the Statement of Changes in Equity.

Uploading a supplier statement for vendor account reconciliation produced an empty result for real-world files, even though the upload appeared to succeed. The extraction now handles the layouts suppliers actually send, so the reconciliation lists the statement lines and matches them against the ledger.

Purchase Order lines added by hand against a Sales Order are now subject to the same Sales-Order budget control as lines raised through the normal requisition route. Buying beyond what the order allows is caught at entry rather than at settlement.

An accepted quotation can now be converted into a Sales Order in one step. The customer, line items, quantities, pricing, tax codes and the ship-to / bill-to addresses are carried across, so the order does not have to be keyed again and cannot drift from the offer that was accepted.

Several related quotation fixes ride along in this release.

Purchase Order line items now surface more of the inventory context behind each material, so a buyer can judge what to order without leaving the order screen.

A new Materials Variant Manager role covers the maintenance of material variants (colour, size and similar grids) on its own. Staff who only maintain variants no longer need broad materials-master permissions.

Action required: after deploy, assign the new role to the users who maintain variants.

Help documentation pages can now include short how-to videos alongside the written guidance, so a user can watch the steps instead of reading them.

Views and viewer feedback are recorded per video, giving a simple picture of which topics people actually need help with.