What is new on Version 188.8.131.52
- New – Inventory Regulation. Inventory regulation consists of 2 major modules, (Stock Regulation, Warehouse Regulation). The purpose of this is to identify accounting issues with your inventory so you can fix them (regulate) preferable before you file your VAT. When you file your VAT Wendbooks marks all your transactions as final and no changes can be done.
Important – Inventory Regulation requires user permission. Only user Admins or users with permission to Inventory Regulation under Stock in security section can run Inventory Regulation
- Fixed – The history button on Journal Entries forced the program to stop. Now it is fixed.
- Improved – Main Center charts will now include data from categories. For example, on item center, you can select a category item from the left and get detailed graph results on the main graph at the right side. Same works for the Chart of Accounts in the Financial section, and Customers.
Stock regulation will list all “problematic” stock part items (those items which in the analysis there is at least one record with negative quantity on hand on the given period). Negative quantity on hand (QOH) may result to a wrong average cost; consequently, incorrect Cost of Goods Sold recordings. You can click on the (+) plus sign next to each item to see further analysis and identify where your stock item shows negative QOH. It is recommended that you run the Stock Regulation before submit and closing your VAT period so you can easily correct the issues.
Warehouse regulation will list all stock items with likely irregular values between warehouses. For example, if you have two warehouses, let say warehouse A and B and warehouse A QOH is -10 and B is +10 then most likely there were sales invoices recorded with wrong warehouse selection and this item will be listed on the Warehouse regulation. You can correct this issue with the Stock Transfer or by editing the original transactions if the transaction date does not belong in your VAT closing period.