Accrual dates and flat rate VAT scheme

Here is a list of new features and updates released today.

Accounting

Accrual Dates: In Organisation Settings accrual dates can be switched on for advanced users. This reveals an additional field on invoice forms which allows invoices to be accrued in different accounting periods to the invoice date.
Flat Vat Rate Scheme: Changes in rates for the flat rate vat scheme are now supported. In Organisation Settings it is possible to set dates and applicable vat rates. These are then applied to sales invoices when running the VAT report to determine the total VAT owed to HMRC.
Account Codes Standard account codes have been added to the preset defaults including Inventory and Long-term debt. Account codes can now be fully managed to set the associated vat rate and whether to display the code on drop down lists for sale items or purchase items. Defaults are set so you do not have to worry about this.
Construction Industry Scheme The process for allocating cash to underlying transaction accounts has been improved.

Features

When a new invoice is created and a customer is selected, the invoice is pre-populated with the default account, vat rate, credit terms and project associated with the selected customer. Technical users may be interested to know we achieve this using JavaScript and JQuery.
The Import Tool attempts to remember transfers from one bank account to another so you do not have to.
Registered office details can be added in Organisation Settings. These details are displayed on the footer of invoices.

Design

The Import Tool has a new tab system for menu options: Invoice – Transfer – Refund – Multiple Invoices.
Sub total is calculated incorrectly using e.g.
Tip, Message, Warning and Error boxes have a new, sleeker design.
Popovers on the Import Tool have a close button to prevent users accidentally clicking outside the popover area and losing their data.
New screenshot on the dashboard to replace the old test screenshot.
Form buttons change colour when hovered over.
Clear Books logo added to the left of the third tier menu.
End of day balances bolded on Import Tool.

Bugs Fixed

IE 7 bug on homepage. Footer no longer overlays text when browser resized.
The javascript calculations on the invoice form no longer have an occassional rounding error. Note this was a display issue on screen only.
Confirm delete invoice box is now displaying correctly.

I've always been interested in computers and finance. I started out as a PHP developer and later qualified as a Chartered Accountant at KPMG.

Programming and accounting came together when I co-founded Clear Books online accounting software back in July 2008.

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