A new SocrateCloud version is available now. The new version includes enhancements in the user interface, and new functionalities in Payments, Accounting and Costs. A new/rebuilt Fixed Assets module is also available in this version.
User interface
- Simplified – a simplified display for windows and their content was added, the users can choose between the maximal and minimalist view
- Increased working space– with direct impact for users with low resolution screens
Fixed Assets
The component is an extension of the SocrateCloud business platform that allows the registration, tracking and depreciation of assets. The module provides different depreciation methods, suitable for GAAP or other charts of accounts, for fiscal and budgetary accounting. The depreciation management can be done using depreciation groups, by setting implicit characteristics like depreciation method, automatic counting of expenses and income. There is also the possibility to forecast the depreciation expenses in order to establish a budget, to review online the history or to make a revaluation of an asset, of the insurance or market value and to record the financial information, insurances, licensing or other taxes information for an asset. Besides all this, there is also the possibility to send users notifications for events that need action, for example, the date of renewing the contract, licenses or deadlines for taxes.
The most important new functionalities are below:
- automatic generation of assets from documents – invoices, receipts or delivery notes
- revaluation of depreciated fixed assets with the possibility to change the period
- automatic generation of modernization for an existing asset
- calculus and recording of capitalizations based on projects that generate assets or bring changes to existing assets projects;
- new import structure for assets, in order to import and update the data related to costs and accounting of fixed assets
- new import structure for asset revaluation
- new assets reports: Trial Balance-Fixed Assets, Asset Statement, Amortization period framing control
Open Items:
- Payments Approval Workflow – new functionality that allows generation of payments with the following status: proposal, approval, allocation, export to on-line banking, closure or cancellation;
- Multiple due dates – added on both customer and vendor invoices, with the possibility to be manually introduced or automatically generated, for each invoice detail. This functionality offers the possibility to manage the payments at invoice detail level, with multiple due dates for each detail. In this case, the balance can be tracked for each due date, the open items reports being modified accordingly.
- Management of refused to payment invoices – the new functionality offers an easy way to manage the unapproved to payment invoices. For each of these invoices the user can choose a notification letter template, add his own text and send the letter. The letter is saved as pdf in the archive for history reasons
General
- GoogleApps Integration – there is now the possibility to export direct in Google Drive, useful functionality for users working in GoogleApps on Chome devices
Each new SocrateCloud version brings important functionalities that help companies activating in professional services, telecom, agro, wineries, distribution, constructions to improve their activity.
For discovering and using SocrateCloud, there is the possibility to register for free on our site (account with 2 users) at the following link SocrateCloud.
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