Fixed asset partial sale

You want to sell five laptops from your set of ten purchased laptops. From now on, you can register this in the Fixed Assets module by processing a partial sale or partial disposal. After the registration of the partial sale, the created asset remains in use for the remaining purchase value and depreciations. 

Determine periode and financial year of initial depreciation

Are you going live with Profit this year or do you want to move an asset from one company to another? When entering an asset, you can now enter the value of the initial depreciation not only for a complete financial year but also up to any period in the year.  

Transitory entry

You can now automatically create a transitory entry in Profit Finance for the turnover over a subscription invoice. You selet the method you want to use in the subscription settings: pro-rata, 4 week fixed distribution, Proportionally or None. For this, the new Distribution method field has been added to the Subscriptions tab.

The turnover calculation of the existing pro rata distribution has been optimised. During the conversion to Profit 19, the new Distribution method field will obtain the current value Pro-rata.

Reconciliation with partial payment

From the debtor overview with outstanding items,  you can reconcile debtor outstanding items and invoices. Before, reconciliation was only possible when the amounts were precisely the same, or when the were with the set boundary for payment differences.  Now, you can also reconcile partial payments, and the invoice with the remaining balance stays active for new payments.

Assessing general journal entries

You can assess new general journal entries using the workflow. Profit will determine automatically who needs to assess the entry (budget holder, interne project manager, reviewers based on the mandate schedule, etc.). The allows you to have greater control over your budgets, because general journal entries may affect  budget. You can also check if the entries are correct.
 

Filing Ch. of Comm. annual documents via Accountant

It is now possible to submit the annual statements of a customer with the Chamber of Commerce using the OutSite portal of the accountant. Once the statement has been approved bij the client, these will be send automatically to the Chamber of Commerce. This only applies to the statements of the micro or smalll (kleine) companies.

E-invoice optimisation

As from Profit 19, a number of improvements have been carried out in the automatic processing of e-invoices. Profit now offers extra options to edit e-invoice lines that were not correctly imported.

• The Invoice discount, Invoice surcharge and Rounding difference fields from the UBL are now available on the General tab of the invoice, so you see more information about the e-invoice.
• Profit checks the contents of the UBL when importing the e-invoices. Of the contents of the UBL is not optimal or not valid, Profit will show the new Error in line state and you can edit the e-invoice line. 
• The sales UBL will now be better with the Rounding difference field by calculating the invoice lines total and the invoice total. 

More great functionality

• Data collection for subscription lines
  A data collection for logged subscription has been added:  Log table for subscription lines (report). You need to activate the logging function. You can use this for alers, reports and analysis.
   
• New contract workflow
  When you add a new contract and this is assessed using the workflow, the dan kan nu ook de person responsible for the contract can now assess the new contract. For this, you need to change the workflow.
   
• My financial contracts overview in InSite
  The overview My financial contracts will not only show the contracts for which you are responsible, but also contracts of which you are the contract owner or manager.
   
• Importing deferred items
  You can now import deferred items using the new Finance / Maintenance / Import period closing / Import deferred items.
   
• VAT remote sales / telesales
  In the general, cast and bank journals, you can now use VAT codes for remote sales and telesales.
  The report Remote sales per period (Profit) shows the amounts that should be paid for remote sales, per VAT code and country. The  report will only show amounts for a certain period if the VAT return for this period has been generated.