Payment-In Discount - Settle Invoices with Clarity

Platforms: 🌐 Web | 📱 Android | 🍎 iOS

Clear off pending invoices or offer early-payment / cash discounts at the time of receiving payment - without editing existing invoices or making manual adjustments.

What’s New

1. Discount at Payment Time

You can now apply a Payment-In Discount while recording a payment from a customer.

• Ideal for last-minute negotiations or early-payment incentives

• Original invoice remains unchanged (GST-safe and audit-friendly)

• Discount is recorded separately as Discount Allowed

2. Complete Payment Breakdown

Before saving a payment, you’ll see a clear calculation:

Invoice Amount → Pending Amount → Amount Received → Payment-In Discount → Balance

This ensures full transparency and eliminates confusion around settlements.

3. Works with Part Payments & Multiple Invoices

• Apply discounts across multiple partial payments for the same invoice

• Distribute one discount across multiple pending invoices automatically

• You can edit the discount distribution anytime before saving

4. Accurate TDS & Accounting

• If TDS is applicable, it is calculated on the discounted amount

• Ledger postings are automated:

  • Discount recorded as an expense

  • Net received amount reflected correctly in Cash/Bank

• Ensures accuracy in:

  • Ledgers

  • P&L

  • Cash/Bank statements

5. Clear Reporting & Audit Safety

• Payment-In Discounts are tracked separately from invoice-level discounts

• Fully visible in:

  • P&L (Discount Allowed)

  • Cash/Bank statements

  • Standard reports (no separate report needed)

6. Payment-Out Discounts (Bonus)

You can now also record cash discounts received from suppliers while recording a Payment-Out, with correct income and ledger treatment.

7. Improved Payment History (Android)

• New shortcut to Payment History from invoice preview

• Tap any Payment-In to view or edit:

  • Linked invoices

  • Discount applied

  • TDS details

Why This Matters?

• No more credit notes or negative adjustments

• GST filings remain untouched

• Faster settlements, cleaner books, and clearer audits

Who is this for?

• SMEs/MSMEs offering quick-payment or cash discounts

• Businesses with TDS obligations

• Accountants and bookkeepers managing clean ledgers

Link to help article:

👉 Help Article

Stock Value With / Without Tax - Inventory You Can Trust 📊

Platforms: 🌐 Web | 📱 Android | 🍎 iOS

You can now choose how your inventory is valued — with tax or without tax — so your stock reports, P&L, and balance sheet match exactly how you and your accountant work.

What’s New

1. Flexible Stock Valuation

You can now select how stock value is calculated across your business:

• Purchase Price with tax

• Purchase Price without tax

• Sales Price with tax

• Sales Price without tax

This gives you full control over whether GST is included in your inventory value.

3. One Setting, Applied Everywhere

Your selected stock valuation method is applied consistently across:

• Items & Inventory

• Stock Summary Report

• Low Stock Summary

• Profit & Loss (Closing Stock, Gross & Net Profit)

• Balance Sheet (Inventory in Hand)

No mismatches. No reconciliation surprises.

4. Automatic Recalculation

Change the setting anytime.

• Stock value per item updates instantly

• Totals, P&L, and Balance Sheet recalculate automatically

• No manual corrections or re-entries required

5. Web & Mobile Parity

• Same controls and explanations on web and mobile

• Quick access from Item Settings

• Helpful tooltips available directly from item and inventory screens

Why This Matters

• Aligns stock valuation with real accounting practices

• Prevents confusion around GST input credit

• Reduces refund-related churn caused by “wrong stock value”

• Builds confidence in reports shared with accountants and auditors

Who Is This For?

• Businesses tracking GST accurately

• Owners reviewing P&L and balance sheet regularly

• Accountants and finance teams reconciling inventory

• New users setting up inventory correctly from day one

Link to help article:

👉 Help Article