Introducing FastAccounts’ New Feature: Hyperlinks in Reports
Fast Accounts has recently launched a new feature that makes their reports even more useful and user-friendly. The feature is hyperlinks, which allow users to click on a specific item in a report and be directed to more detailed information on that item. With hyperlinks, users can quickly access information on specific transactions, accounts, or...
Templates and Recurring Transactions
FastAccounts offers two types of templates to help users save time when dealing with transactions with the same information. The first type is a regular template, which users can create and save for future use. The second type is a recurring transaction, which users can schedule to be automatically added into their account on specific dates. To ...
Draft and Approve Transactions
In certain situations, it may be necessary for one user to record a transaction while another user approves it before the transaction takes financial effect. FastAccounts now offers a new feature that allows you to save transactions as drafts until they are approved, at which point they will be added to your financial data. This feature is avail...
NEW “Combined Account Reports”
We wanted to inform you that we have updated the Customer and Supplier Reports. We have made changes to the available data in the reports for sections Sales and Customer, Debtors and Recovery, Purchases and Supplier, and Creditor and Payments Previously, certain reports provided both Sales and Purchases related data for customers w...
User Role Further Update
At Fast Accounts, we allow Admin to create Roles for the Users and define the access and rights of the User as per your requirements. This key feature has made us one of the best-selling accounting software in Pakistan. We have now further upgraded the Role as a result you will be able to allocate Print and Import Rights by choice to the User. I...
Product Bulk Actions
FastAccounts allows users to save time on bulk actions. We have now enhanced the Product Bulk Actions screen, now this allows user to update both taxes and other data to update with a click of button. Taxes Update This allows you to update Tax Rates. In the Taxes Update, Select the Category and Products you would like to update, Choose the ...
Advance User Rights
Fast Accounts provide full control to Admin to set User modules’ access and action rights in the roles. In addition, Fast Accounts has a premium module which allows Admin to control what data the User can view in the Sales and Purchases modules. With Advance User Rights, Admin can allocate Customers, Suppliers and Products to the Users. As a res...
Additional Taxes
In some cases, the Business has to charge more than one tax. This can be in the form of additional tax for the non-filer customer or Federal Excise duty on certain products. We have enhanced the taxes management in Fast Accounts by providing two additional tax charges on Sale Invoices (‘SI’, ‘SC’, ‘SO’) and Supplier Bills (‘VI’, ‘VC’, ‘PO’). ...
Print Templates
Fast Accounts allows you to add multiple print templates in both Sales Printing Purchases Printing In the Sales and Purchases Printing Sections, you will be able to add/customise the templates for the following Sales Invoice (SI) Sales Credit (VC) Sales Order (SO) Sales Receipt (SR) Delivery Note (GDNSI) Delivery Note (GDNSO) Suppl...
Analytical Reports
We are proud to announce the addition of our highly anticipated “Analytical Reports” module. Access 33 analytical reports designed to enable you to gain deeper insights into the trends your business is experiencing. Enjoy the ability to tailor your data inputs for specific analysis into trends for sales, recoveries, expenditures, etc. and take your...
Letter of Credit
Letter of Credit (“LC”), is a key instrument for international trade. In FastAccounts.io, there is a dedicated Module to handle the Letter of Credit and its reporting and other data. We have covered Setting up Letter of Credit Letter of Credit Expenses via Bank Letter of Credit Expenses via Supplier Letter of Credit Products Cost Allocati...
Multi-Currency
FastAccounts.io has now introduced the Multi-Currency feature, which makes recording foreign currency transactions simple and easy. When a foreign currency transaction is recorded, we have it all covered to automatically calculate Realised Exchanges Gains/Losses In addition, there is an option to revalue foreign currency bank accounts, the...
Auto Code
Fast Accounts making accounting easy, we have Customer and Supplier Auto Account Number for some time now, we have expanded the auto account code to the following modules: Products Projects Location Sales Tax Rates Withholding Income Tax Rates Setting up Auto Code is simple and easy with FastAccounts.io, From the “Smart Settings” expand...
Nominal Account Codes
Chart of Account is critical for capturing and analysing financial data. FastAccounts.io provides plenty of options to customise the Chart of Account. We have now provided an option to have auto codes for the Nominal Accounts. In FastAccounts.io the Chart of Account consists of three elements. Category Section Nominal Account Follo...
SMS Feature
Frequent and excellent communication with customers and vendors are essential for the growth of any organisation. Fast Accounts has achieved a new milestone, by providing an SMS feature. You can set customise SMS Messages on several transactions e.g. Sales invoice, Customer Balance Reminder, Supplier Payment etc. Simply record your transactio...
Auto Customer & Supplier Account No.
Fast Accounts is the fastest growing online accounting software in Pakistan. Auto Customer Account No. We have added a feature that enables the auto account number for the Customer Accounts. Go To Settings Menu, Select Smart Settings and you will find Customer Auto Account No. section. In case you want to add account numbers by yourself, y...
Sales Tax Amount Override
Fast Accounts is the fastest-growing Cloud Accounting software made in Pakistan. As the sales tax in Pakistan is a complex area, sometime there is a need to override the auto calculated sales tax amount. In our latest update, we have added a feature where admins or authorised users can override the auto calculated Sales Tax amount. This will ...
Attachments Feature
Fast Accounts is currently the fastest growing Online Accounting Software in Pakistan. Great news! Our team has now added a new feature in the latest update that allows you to save relevant files to: Bank Payments Bank Receipts Bank Transfers Sales Invoice Sales Orders Customer Receipts Supplier Bills Purchase Orders Supplier Payments Jou...
Product Additional Fields Update
Fast Accounts is currently the largest Online Accounting Software in Pakistan. In our Latest Update, we have added Eight Additional Fields to the Product Form. These fields are flexible and allow you to record any information regarding the product. Every time you record a transaction with products, the additional fields information will be li...
Supplier Payments: Additional Withholding Income Tax
FastAccounts.io is currently the fastest-growing Cloud Accounting Software in Pakistan. This is a common practice to make Advance payments to the suppliers. Businesses also need to deduct the advance Withholding Income Tax from the payment. In the latest update, we have made the recording of this transaction much easier. 1. How to Record A...
Customer Receipts: Additional Withholding Income Tax
FastAccounts.io is currently the fastest-growing Cloud Accounting Software in Pakistan. In case a customer has made a payment before the Sale invoice has been generated, and they have deducted with the advance Withholding Income Tax from the payment. In the latest update, we have made the recording of this transaction much easier. 1. How t...
Auto Lock Date Further Update
FastAccounts.io is first choice Accounting Software for the businesses in Pakistan. We have further enhanced the feature of Lock Date. The Lock Date give you control on the data modification. Once you have locked a DATE, the data prior to the Lock Date cannot be edited or deleted. Now you can set the Lock Date on User basis i.e. each user ...
Link a discount rate with Customer
FastAccounts.io is Pakistan's first complete cloud accounting software. How to link discount to a Customer. In case you offer a fixed discount to a customer on all products, now there is an option to just add the discount rate to the customer record and when creating a sale invoice this will automatically apply to every product on the sale...
Purchase Order Module Update 22 June 2021
FastAccounts.io is the number one choice for Accounting Software in Pakistan. We are excited to announce that we have further updated the Purchase Order Module and the following features are now available; On-Screen Create Supplier Bills from Purchase Order (“PO”) On-Screen Multiple PO to a single Supplier Bill Track quantities Ordered an...
Sales Order Module Update 22 June 2021
FastAccounts.io is Pakistan's number One Cloud Accounting Software. This allows you to create unlimited Sales Orders and Sale Invoices. We are excited to announce that we have further enhanced Sales Order Module and the following features are now available. On-Screen Create Sales Invoice from Sale Order (“SO”) On-Screen Multiple Sale Orde...
Bundle Product
We have now updated the Product Module to allow adding a Bundle Product. It is very helpful, if you have to select several items on the sale invoice which are sold as a combination, you can create a bundle and when you select the bundle all products will appear on the sale invoice. 1. How to Create a Bundle Creating a Bundle is very easy, ...
Archive Products
In some cases, a product has been added/sold which is now discontinued, we have now added a feature to make that product inactive. This means the product list in Sales and Bills will only show active Products. 1. How to Archive a Product On the Product List, from the Action Menu select Archive. Once a Product is archived, it will not appea...
Email Sale Invoices
FastAccounts.io is the leading accounting software in Pakistan. Great News, now you can send sale invoices via email to your customers directly from FastAccounts. There are several benefits of emailing the Sales Invoices. Save Printing Cost Save Time Faster Recovery Customer can save invoice with easee Help environment 1. Email Sale Invo...
Product Further Update Pack Size
FastAccounts.io is cloud accounting software specifically developed for Pakistan. We have further updated the Pack Size feature in the Product, it is useful when the product is sold in one Unit but stock is handled in two different units. As an example in the tiles showroom, Tiles are sold in Square Meters (SQM), however, the quantity of t...
Sales Invoice Update (Rate Adjustment)
Some business have Fixed Sale Price but use Rate Adjustment in percentage for the Chargeable Rate Calculation e.g. in Steel / Iron wholesale, the sale rate is fixed and the business choose the sale rate factor (%) for trading, it can be a positive or negative percentage Sale Rate Factor. Fast Accounts has now options available where such busines...
Product Update ( Pack Size and Bin Location )
We have updated the Product Module and added two new features. Pack Size Bin Location Also the option to “Add Image” is now available. 1. How the Pack Size works In case the product is sold in Boxes but the large pack is Carton, which holds 12 Boxes, the Pack Size will be 12. You will also note, the option for Bin Location is also avai...
Sales Order Module Update
We have updated the Sales Order Module. Now there are 4 different types of status for each sales order In Progress Approved Rejected Invoiced This will help you to track sales order more efficiently. Only when the status of the sales order is changed to Invoiced, this action will automatically create a sales invoice. Also, now you ...
Purchase Order Module Update
We have updated the Purchase Order Module. Now there are 4 different types of status for each purchase order In Progress Approved Rejected Billed This will help you to track purchase order more efficiently. When the status of a purchase order is changed to Billed, this action will automatically create a Supplier Bill. Also, now you...
Import Bank Payments and Receipts
We have updated the import for Bank Payments, now you can import multiple vouchers data in one Excel File. From the Main Menu, Go to Banks. Select Bank Payments, Choose the Import icon. Download the Import Template In the excel file, a new column for Group No. is added. For each Group No. separate Voucher ID will be allocated. Group N...
Sales Tax & Additional Tax Reports Update
We have updated the Sales Tax Reports to reflect the Non-Filer Additional Tax and Sales Tax elements. From Main Menu, Go to Reports. Go to Sale Tax Reports Section 1. GST Sale Invoices Details This Report has been updated to show separate columns for GST and Additional Tax. 2. GST Return Summary This report has been updated and...
Additional Charges and Deductions on Sale Invoices
Sometimes, a business may have to add additional charges but those are not part of the main sale of product or services. Fast Accounts has improved the process to add additional charges e.g. shipping, labour, fitting etc. Fast Accounts has also added additional deduction boxes for sale invoices. 1. Update a Nominal Account for Deductions and...
Product Form Update
Fast Accounts allows to record 3 deductions against each product, Discount which can be applied in percentage or amount, Trade Offer and Retail Margin can be applied per unit in amount or total amount. 1. Update on Product Add New Add New Product Form has been updated, now you can record separate TP Rate for Purchase and Sale. In the same way,...
Advance Users Rights
Fast Accounts takes the User Rights to the next level. With the Advance Rights feature Admin can choose which customer or Supplier should be available to the User. User will only add Sale invoices or Sales Receipts for the Customer which are allocated to the User. In the same way, the User will only be able to view the Sale Invoices and Sales...
Users Rights
Fast Accounts has further improved User Rights and Controls. Now Admin can decide Users’ access to Banks Projects and Locations In the Bank Module, the User will only be able to view the transactions relating to the banks for which access has been granted. On All Screens, the User will be only able to view the Projects for which acce...
Assembly Reports Update
Three new reports are now available in Assembly Reports In Reports Go To Assembly Reports 1. Job Cost Summary By Finished Product This report provides details of all Finished Good produced and their cost oversight. The report has details of Finished Goods and the number of jobs completed and finished quantity. Also, it provided a ...
Project Reports Update
Three new reports are now available in Project Reports, these reports cover the payments and receipts project. In Reports Go To Project Reports 1. Project Payments This report provides details of payments (supplier/cash book expenses) by the project. This report also has payment date, supplier name or nominal account with bank ledger na...
Distribution Business
FastAccounts has special features to support accounting compliance for the Distribution Businesses, FastAccounts allows 3 deductions for each product i.e. Discount, Retail Margin and Trade Offer, these help to calculate the chargeable price for the customers. Also, FastAccounts handles both Schedule 3 and non-Schedule 3 for sales tax purposes...
Roles and Users
Fast Accounts has two types of users Admin: Admin has access to the full system including the right to add additional users. User: User can only access the areas of Software which are allowed by the Admin via User Role. 1. How to Add a Role A Role is a group of rights which are allocated to a user, Admin can define separate Role for each us...
New Reports Update
Three new reports are now available, two are Sales Recovery Reports and third is linked to bank activity summary, to access Sales Recovery Reports, In Reports Go To Debtors and Recovery 1. Sales Recovery Summary (By Date) This report provides a total of Sale Recovery on each date. This report has the breakdown of Withholding Income Tax,...
Width and Length for Sale Invoices
Great news, for businesses that sell their products based on area i.e. Width x Length e.g. Carpets, Flooring, Wood, Tiles etc. We have now added a feature, where business can record Sale invoices or Supplier Bills with Width and Length and we will calculate the Area for you to record the sale invoice. 1. How to Add Sale Invoice with Width and Leng...
Fixed Product Sale Rate for Users
This feature provides more control to the Management. This is relevant for the business where product or services are sold at the fixed price as set out on the product details. 1. How to Set Fixed Sale Rate for the User Go to the Settings Menu Select User Management For a new User select Add New or for the existing user select Edit from...
Customer Payment Return
The process to record return funds to Customer is made so easy with Fast Accounts. 1. How to record a Customer Advance Return Go to Sales Select Receipts On the Sales Receipts List, the advance from customer will be showing in the Balance Column. From the Action Menu Select Return. On the Manage Return Screen, Enter the Bank...
Supplier Advance Payment Return
The process to record funds returned from Supplier is made so easy with Fast Accounts. 1. How to record a Supplier Advance Return Go to Expenses Select Payments On the Supplier Payments List, the advance to Supplier will be showing in the Balance Column. From the Action Menu Select Return. On the Manage Return Screen, Enter ...
Multi Units of Measurement
This feature provides an opportunity to set up multiple “Unit of Measurement” (UM) for the same product. This also allows to define the sale price, cost and discount for each Unit of Measurement (UM). An example of Multi UM includes a business Selling LED bulbs in three different packing. Piece – Base unit Boxes = 10 Pieces Carton ...
Landed Cost
Landed Cost Module gives you opportunity to update the inventory cost of stock products with additional expenses e.g. Freight, Import Duty, Customs Duty, Delivery Charges, Shipping Cost etc. The process of dealing with Landed Cost made simple with Fast Accounts. Record your bills as normal, purchase of goods, additional costs etc. Once all th...
Bank Reconciliation
Bank Reconciliation is made easy with Fast Accounts. 1. How to Reconcile a Bank Account Go to Banks Select Reconcile This will open Bank Reconciliation Screen. Step 1 Select Bank Account Enter the bank statement Closing Date Enter the bank statement Closing Balance Press Load Transactions Step 2 Tick the tra...
Assembly Module
This module is relevant for the businesses, where assembly or manufacturing process is involved, this allows to manage finished goods and also keep track of their production cost. Job costing is so easy with this module, simply start a job, allocate raw material and costs, finish and approve, we will manage the rest. 1. How to Add an Assembly Job ...
Inventory Management with Batch Number
In this feature you can buy and sell products with Batch Number. This will allow to record the Batch Number at the time of purchase of inventory and when you sell the products, simply select the batch number from available inventory. This feature is ideal for Pharmaceutical distributors, laptop and mobile phone sellers. How to record the purcha...
Two copies of Sales Receipts and Bill Payments
We have now introduced a feature to allow print of two copies of sale receipts side by side on the same page. 1. How to enable two copies print for Sale Receipts Go to Settings Menu Select Sales Receipts This will open Receipts Settings Menu Once on the Receipts Settings screen Select Settings from Left Menu Check “2 Copi...
Multi Location Inventory
Fast Accounts has introduced the feature of Multi Location Inventory, please contact Support team to upgrade your account. 1. How to add Locations Go to Settings Menu Select Locations This will open Locations listing Once on the Locations listing page, you will find Main W/H already been set up. To add new Location, Select A...
Fast Accounts Journal Printing
The new journal printing with traditional debit & credit style, has been added to all sections in the Fast Accounts. 1. Bank and Journals On the Bank and Journal section, the print button is available on the top of the listing. On bank voucher printing only select a single row from a voucher and it will print the entire voucher. Bank Pay...
Product Opening Stock update
A new option is now available in the product module, this allows bulk import of product opening stock values after products have been set up. Simply click on the product page select import button from the top right hand corner and select option Import Opening Stock Use the template to import the data. In addition you can edit an existing ...
Fast Accounts Sales Module Update
1. Edit Sale Invoice / Sale Credit In case of Edit of Sale invoice or Sale Credit, which has already been paid, the allocation of receipts or credit offset will remain in place. However in case of Edit the total must be greater than previously received or offset amount. 2. Batch Sale invoice On batch sale invoice screen, the multiple items...
Fast Accounts Expenses Module Update
1. Edit Supplier Sale Invoices / Supplier Bills In case of Edit of Supplier Bill or Supplier Credit, which has already been paid, the allocation of payments or credit offset will remain in place. However in case of Edit the total must be greater than previously paid or offset amount. 2. Batch Supplier Bills On batch supplier bill screen, t...
Bank Payments / Bank Receipts and Journal Imports Update
Import templates have been updated, now you can add Project Name to the Excel import file. For latest templates press download at the import screen.
Copy Sale invoices, Journals or Bank Payments
We work with you to improve things, we have now added option to copy Sale invoices Journals & Bank payments In case you have to create same invoice for the same customer or for any other customer, you will have option in the Action Menu to copy the invoice, once selected as copy, it will open new invoice with same product and rate...
Voucher Number on Sale Receipts & Bill Payments
Automated Voucher number have been added to “Sale Receipts” and “Bill Payment” listing’s, you will notice a column “V. No.” on these screen. Every time you will save a transaction, Fast Accounts will add an automated voucher number.
Project Accounting
We are pleased to announce that we have now added full module of Project Accounting in the FastAccounts.io. We have made it easy, you can add unlimited number of project and also have their profit and loss account available on a glance. Simply tick the box Project Accounting in smart settings to activate the project accounting. Now you wil...
Lock Date
We believe in giving more control to the management, now we have added a feature which will allow you, to lock any accounting period. Simply add the closing date and it will lock all the data up to that accounting period. Only admin will be able to activate this feature, go to the setting menu and click on “Lock Date” option Once you are on L...
Journal ID
We have made a changes to the Journal Module and now you will notice there is Journal Number added to the Journal listing. When you will add a new journal, it will be allocated a number.
Voucher Number on Bank Payment, Bank Receipts and Bank Transfer
We have made, 2 key changes to “Bank Payment” section, first, you will notice a column “V. No.” has been added, this is an automated voucher number added to the transactions. Every time you will save transactions from a bank payment screen, Fast Accounts will add an automated voucher number. Second, when you will press Edit on a transaction, it w...
Quotation / Sale Orders
Some businesses has to prepare Quotation / Sale Order, now we have added Quotations to Fast Accounts. You can find the Quotations, under the Sales module, the Quotations process is the same as Sales Invoice. You select the customer and products and once Quotation is ready, you can save, once the Quotation has been accepted or you need to raise t...
Customer product discount update
We have added a new feature; as a result you can add discount on the product level on the product form and also on the customer level when you link the product with customer. The discount applied at customer level will appear on the sale invoice screen for that customer and also apply in the bulk invoice process. If you have link a product to...
Distribution Template update
We have added a new feature; as a result customer dealing with distribution business (Third Schedule) now have option to set discount on customer level and also trade offers. There was already option to set discount and trade offer on the product level, however for customers which are on different discount or trade offer, you can now set their d...
FIFO ALLOCATION UPDATE!
Excellent news! We here at the FastAccounts Team have made yet another brilliant addition to FastAccounts, now business’ that offset sales receipts and supplier payments on a FIFO basis may now do so by simply typing the receipt or payment in the amount box on either the ‘Add Sales Receipt’ screen or ‘Add Supplier Payment’ screen and it will be aut...
Product Records Update
With our recent Invoicing Template Update, we felt that to maximise the ease of use of FastAccounts we also provided additional fields on the ‘Product Forms’. You can now setup a product record, in which you can assign a Sales Discount and Sales Tax rate. This will appear on the Sales Invoices when you select the product, you can override this disc...
Invoicing Templates Update
Great News! We here at FastAccounts take pride in delivering quality service to all our clients, and in order to fulfil this promise of ours we have made the decision to further enhance our software for you, the users. We have recently added 2 new invoicing templates: 1) Inline and 2) Distribution for Sales Invoice and Supplier Bills, alongside our...
Filter Update
Further to your feedback, we at FastAccounts have added a facility that enables you to search your ‘Sales Invoices’ and ...
Transaction Types in Fast Accounts
Every time you add a transaction in Fast Accounts, it creates an entry in the financial data. When reports are printed or exported to excel you will see type of each transaction.