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 ...
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...
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...
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...
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...
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...
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...
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...
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...