Improve efficiencies in managing AP and AR processes
Quickly validate GL posting details – The GL posting details tab in transaction pages gives insight in to how the transaction is posted to the GL without running the GL report.
This is now included on even more transaction pages. You can find it on AR Sales invoices, Customer advances and posted payments.
View AP purchase invoice attachments with fewer clicks – tired of opening AP purchase invoices one by one, just to view attachments? Now, you can save time and clicks by opening AP purchase invoice attachments directly from the AP purchase invoices list.
Look out for the “paperclip” icon at the end of the row.
Customise your Approve payments list – Increase your efficiency by customizing the Approve Payments list to match the way you work!
Approve Payments now has the same list management options that are available on the AP purchase invoices list and AP Adjustments pages.
Improvements to AR Customer advances – Along with changes to permissions and the user interface, are a number of new features.
- Enter a payment memo in the new Payment memo field to save information for future reference.
- Add attachments to advance payments.
- Edit advances that haven’t been applied to AR sales invoices.
- Apply an advance directly from the Advances list.
- Use custom view options for the Advances list.
Reverse charge support is now available for the UK
Previously, you could only process a reverse charge by creating a negative AP purchase invoice as an Accounts Payable adjustment.
R4 allows you to input a negative charge as part of a line item in an Accounts Payable adjustment transaction.
The auto apply credit function applies the negative tax side of reverse charges as a credit to the tax line rather that the line amount.
With this new process, you can easily update adjustments and associated payments to process reverse charges for your entities based in the United Kingdom.
Edit transactions after tax submission
The restrictions have been relaxed allowing you to edit non-accounting fields in Order Entry and Purchasing after those transactions have been included in a tax submission.
Name Change Alert! Budget information is now called the ‘Budgets Repository’ and Budgets have moved from the General Ledger to their own menu!
The Budgets menu holds the budgets repository, imports and budget reports plus fast access to related reports.