What we shipped, in plain language.

If an asset's put-to-use date is changed after a depreciation run, the next run corrects the difference. A net credit posts as a reduction of expense and of accumulated depreciation.

Straight-line depreciation now follows the auditor's formula, so a ₹10,00,000 asset at 5% over 15 years put to use on 17 October shows ₹2,602.74 for October (previously ₹2,600.84). After an addition, revaluation or takeover, the charge uses the remaining book value over the remaining life.

Managing blocks, computing a tax year and signing off a tax year now have separate permissions. The register and its reports are readable with the asset reports permission, and the sidebar entry uses the same permission. Administrators must update the permissions for each company.

Depreciation for a disposed asset now includes the disposal date itself, so a disposal on 10 January counts 10 days. Disposals posted earlier can still be reversed.

When all assets in a block leave during the year, the block ceases. The remaining written-down value is reported as a short-term capital loss, and proceeds above it as a short-term capital gain. You can also record Clause 18 adjustments such as ITC, exchange rate, subsidy and corrections, each with a reason.

Each tax year now moves from Open to Computed to Signed off. A signed-off year cannot be recomputed, and its openings and adjustments cannot be changed, so corrections go into the next year. Reopening needs the sign-off permission. An opening value is refused for a year that already opens on the previous year's closing. Users get a bell notification when a year is computed, and a bell and an email when it is signed off.

New reports show the Clause 18 statement and a deferred-tax working. The deferred-tax working compares book and tax values by block, with the deferred tax asset or liability at the rate Finance enters. Both can be printed, and an asset-wise additions list can be exported to Excel.

Block rates can now have a valid-from date. Additional depreciation is calculated for eligible blocks, and it is left out for excluded asset classes, second-hand assets, or companies that do not claim it. The unclaimed half is carried to the next year.

The purchase order API did not expose the internal order. An asset line therefore could not be linked to a budget or capital proposal. It now can.

The quarterly phasing of an approved proposal now appears in the cash forecast. It excludes the amounts that purchase orders and invoices already carry, so nothing is counted twice.

A sale of an asset now goes Approved, then Invoiced, then Posted. The tax on the invoice is the higher of the reduced input credit and the tax on the sale value, so the customer bears the excess. For example, a Rs 3,00,000 sale now carries Rs 90,000 of tax instead of Rs 54,000. A posted disposal must be reversed before its invoice can be cancelled.

You can raise a capital proposal with plant, asset class, justification and quarterly phasing. The MD approves it, and the person who proposed it can never approve it. You can add supplements and track spend against purchase orders and assets. Purchase order lines that would overrun the proposal are blocked. Requiring an approved proposal on capital POs is opt-in and off by default.

Invoice lines for capital goods are now recognised. The CGST, SGST or IGST credit is stored on the asset when the invoice is posted, and rebuilt if the invoice is reversed. A new capital-goods ITC register lists these credits.

Direct invoices can now have an e-Invoice and an e-Way Bill. Asset sale invoices also appear in the outward supplies register (GSTR-1).

Transfers of assets between premises and dispatches for repair can now produce a printable delivery challan and an e-Way Bill. You can also record the repairer's return papers. A daily bell alerts you to assets that are overdue back from repair.

New reports cover capex status, capital-goods ITC, ITC on sales and asset sales.

The acquisition value on an asset is read-only and starts at 0. It is built up only from posted documents: asset receipts, non-PO vendor invoice lines coded to the asset, manual acquisitions, additional costs and takeovers. This fixes asset receipts doubling a typed value. A manual acquisition now updates the asset's value, and reversing it takes the value back off.

Salvage % is set on the asset class, the depreciation key or the asset, and the salvage amount follows the cost. Currency is optional and defaults to the company currency.

Depreciation uses the actual 365 or 366 days of the year and includes the capitalisation day. Missed periods are caught up automatically, so the total is the same whatever the run frequency. The depreciation key's start-date and pro-rata rules now apply. Multi-Level bands are chosen for the period being run, and Fixed % uses cost less salvage. Run frequency is now a per-company setting, and a WDV rate helper is available on depreciation keys.

The capitalisation screen says why Propose is unavailable. An asset created in a construction-in-progress class starts as Under Construction, and capitalisation moves it into the final class. Cost comes from PO lines, non-PO vendor invoices and expense reclassification.

A new statistical income-tax book works per block of assets. It handles opening values, the half rate for additions under 180 days, short-term capital gain under s.50, and Final and Reopen.

You can load existing assets by template, validate the file and post it, then check a GL reconciliation. A file with a bad row is refused as a whole. It supports legacy SAP numbers, sub-numbers as sub-assets, mid-year depreciation to date and remaining life.

A sale or scrap sale with proceeds now creates and posts a customer invoice together with the retirement. Depreciation is charged up to the day before disposal. Partial disposals retire a value, and quantity is optional. Indian companies get the s.18(6) CGST reversal. A posted disposal can be reversed, which reverses the journal and invoice and restores the asset. The asset register shows the disposal columns.

Asset classes now have separate Gain, Loss and Written-off accounts, an Asset Sale Clearing account, a tax-book salvage % and an Income-tax block. Construction-in-progress classes have a 'Settles Into' final class.

Clicking View on a Non-PO vendor invoice now opens the Non-PO (GL entry) form instead of the PO invoice layout. Links to a Non-PO invoice from approvals, ledgers and reports also land on the GL entry form. Invoices past Draft stay read-only, and PO invoices are unchanged.

An upgrade step for Asset Accounting stopped two organisations from updating. It also didn't copy the disposal gain account into the loss and write-off accounts of asset classes for the other organisations. The accounts are now copied correctly, and only into fields that are still empty.

Users who hold only the Balance Transfer Maker or Checker role now see Balance Transfer under Accounting in the sidebar. Before, the page never appeared even though the role was assigned. Users need to log out and back in, or hard-refresh, to see the menu.

A menu section you cannot otherwise open now appears when you have been given a specific page inside it, and it lists just that page. The section's own landing page stays unavailable, and other pages in it remain hidden.

A column you turned on in the grid used to come back hidden the next time you opened the page. Your saved column choices now restore correctly.

Exports of the Customer Master grid print Yes/No for flags and readable text for status-type fields, instead of raw stored values. The grid search also now finds customers by tax ID, GSTIN, city and primary contact name.

The pivot Field List now has the same customer fields, each with a caption. Credit Limit, Payment Days, Loyalty Points and the address and contact counts can be totalled. Saved pivot reports still open as before.

The Column Chooser now lists tax IDs, organisation, credit and payment terms, pricing, receivables account, web and loyalty details, default address, primary contact and audit fields. They are hidden by default, can be sorted and filtered, and many can be grouped. You can also save them in your own layouts.

The browser tab icon and installed-app icon now use a light background, so they are easier to see.

On screens that opt in, a layout you save with Save as new layout becomes your default and opens next time. A layout also stays in place when you switch between Grid and Pivot tabs.

The Tasks worksheet and Tasks Report have a header icon bar with Search, Refresh, Excel, PDF (report only) and Column Chooser. The worksheet's Add Row, Save and Discard buttons sit there too. The worksheet's Excel export file name now uses your local date.

Projects, Task Templates, Task Definitions, Dependencies, Resource Capacity, Transfer Employee, Tasks Report and the Tasks worksheet now share the same header, icon bar, count chip and Grid / Pivot tabs as other lists. Each has a Layout control for saving your own column layouts. Column widths you saved on the old screens are not carried over.

The task list on the Tasks dashboard now loads from the server page by page. Clicking a KPI card re-queries the list. Ticked tasks stay selected as you move between pages. Excel and PDF export follow your visible columns. The header Change Status drop-down and the Mark Complete button are gone; use the bulk actions bar instead.

Open tasks are ticked when the list loads. The Transfer button shows how many of the listed tasks are selected.

The Inspection Work List now shows TLS rounds, Audits, Measurement and Packing in sortable, filterable grids with Pivot views. TLS rounds appear as one row per round rather than one card per line. The large touch-friendly cards are replaced.

The Tasks dashboard list can now show about 40 more fields, such as dates, float, effort, customer, division, order quantity, verification and audit details. They are hidden until you add them, and you can save the result as a layout.

Line cards on the vendor invoice form now show the full description, which wraps instead of being cut off. The Tax Code field is wider so the code reads in full. Cost Center and Sales Order are narrower, and the Net, Tax and Total box is wider. Hovering over a field shows its whole value. The Notes and GL Account fields are no longer shown on the card.

Each vendor invoice line that is matched to a goods receipt now shows a DC chip next to the receipt number. It holds the vendor's delivery challan number, which is the Delivery Note No. on the material document. It also appears when you open a saved invoice to edit it.