100.x.27.0

New Release for BC27

Table of Contents

Version 100.x.27.0 New features Improvements

Version 100.x.27.0

New features

  • A step-by-step guide for streamlined SOFT4Lessee installation. Find out more. 
  • Purchase Invoice functionality. If an invoice is marked for leases, the system now checks the amounts in purchase lines. There is also an option to generate invoices based on leases for the selected period. Find out more.
  • GL Preview / Intermediate Journal step. Users can configure whether all postings always go through the journal, or if they should be asked each time. After posting the journal, all relevant lease flags are updated. This works for activating leases, monthly posting, expirations, and terminations. Find out more.
  • Two new reports — Lease Liability and Right-of-Use. These reports are generated per lease and use an Excel layout, giving you flexibility to modify the format to your preferences. Find out more: Liability, RoU.
  • Interest calculations. You can now choose the formula used for interest calculation: “APR/12” or “Power(1 + APR, 1/12) – 1”. Find out more.
  • Calculate Interest Rate. When provided with repayment details and lease liability at commencement, SOFT4Lessee now calculates the APR for you. Find out more.
  • Approval workflows for lease modifications. When approval workflows are enabled and the user has an assigned approver, any changes must be approved first. All changes to leases are logged as approval entry comments.

Improvements

  • Batch update. Batch processing now skips lines that have already been reviewed if no changes were made to them. This significantly speeds up uploads for large files. If fixes were made in the Batch window, re-uploading the file resets the batch.
  • Currency selection update. The system now picks only the currency factor. Previously, the issue was caused by the Currency FX “Fix Exch. Rate Amount Type” field being treated as “Both”.
  • Migration and Additional amounts. When importing leases, the system now checks that no additional RoU amounts are included, since these amounts are already part of the historical RoU asset cost. This reduces unwanted posting differences.