Multi-Currency

FastAccounts.pk has now introduced the Multi-Currency feature, which makes recording foreign currency transactions simple and easy.

When a foreign currency transaction is recorded, we have it all covered to automatically calculate Realised Exchanges Gains/Losses

In addition, there is an option to revalue foreign currency bank accounts, the system will calculate the balance with revaluation gains and losses.

Multi-currency enables you to link a foreign Currency with

  • Customer
  • Supplier
  • Bank

This is a premium feature, speak to the Fast Accounts support team to enable this feature.

How to add a Foreign Currency

By default, all companies are linked with Pakistan Rupee as the Base Currency, however, you can ask the Support team to change the Base Currency.

Once Multicurrency is enabled, the base currency can’t be changed.

To add new foreign currencies,

  1. Go to Settings
  2. Select Currencies
  3. On the Currency List Select Add New
  4. From the Dropdown select the Currency to add
  5. Press Save & Close


Setup Foreign Currency Customer / Supplier

Once the Multicurrency module is enabled, When setting up the Customer records, it can be linked to the customer currency.

Simply add Customer, and on the “Terms” tab, select the Customer Currency.

The Currency linked with the Customer is non-editable. Once a currency is linked with a Customer you will be able to record customer-related transactions in Customer Currency.



Setup Foreign Bank Accounts

  1. Go to Bank
  2. Select Account Balance
  3. Select Add New
  4. When adding a new bank account select the currency from the dropdown list.





Sales Invoices

When adding a sale invoice of a foreign currency Customer, there will be an option to add an exchange rate.

Say, a GBP customer is invoiced in GBP at an exchange rate of 0.005. Press the Green Save Icon to update the exchange rate. This will appear on the next GBP transactions.

Simply, record the invoice in GBP and press Save & Close



Sales Receipts

Sales Receipts for the Sale Invoices raised in a specific Currency can only be done in the bank accounts linked with the same currency.

When recording the sale receipt specify the exchange rate applied to the receipt. Let’s assume the exchange rate at receipt is 0.5230.

It’s all done, Fast Accounts will automatically calculate the exchange gain and losses on the relevant transaction.



Bank Revaluation

The bank Revaluation process is very simple in Fast Accounts,

  1. Go to Bank
  2. Select Revaluation (this screen provides you with the list of previous revaluations)
  3. Select Add New
  4. Select the Currency & Enter the revaluation Date then Press Apply
  5. Enter the Exchange rate for the revaluation Date
  6. It Calculates Revalued Balances and Gain / Loss
  7. Press Save & Close.





Fast Accounts making cloud accounting easy, for further Information and Support call our Support team.

How to Customise Journal Printing

Fast Accounts provides the journal on all transactional screens which include;

1. Sales
1.1. Invoices
1.2. Receipts
2. Purchases
2.1. Bills
2.2. Payments
3. Bank
3.1. Payments
3.2. Receipts
3.3.Transfers
4. General Journal

On all relevant screens an option to “Print Journal” is available.

Customise Journal Printing

Use can customise the Journal Printing. Simply Go to “Settings” and select “Jounral Printing”, on this page, select the relevant Journal.

Once on the Journal Printing Settings Screen, there are two section

  • Header / Footer
  • Table Settings

 

Header & Footer Section

In this section, set up a customised header for the printing,

In addition, there is an option to set up a Custom label and also Footer Signatures.

Table Settings

In this section, select the columns required in the Journal.

Once the settings are completed Press “Save & Close”

FastAccount.pk is the fastest growing cloud accounting software in Pakistan.

For further information please contact the Fast Accounts Support Team.

How to Customise Bank Voucher Printing

Fast Accounts provides the journal and bank vouchers printing in the Bank Module. This option is available for

  • Bank Payments
  • Bank Receipts
  • Bank Transfers

On all relevant screens when clicked on the Print icon, it will have two options,

1. Bank (Voucher) Printing
2. Journal Printing

Bank Voucher Printing will provide details without Debit and Credit.

Customise Bank Voucher Printing

Use can customise the Bank Voucher Printing. Simply Go to “Settings” and select “Bank Printing”, on this page, select the relevant Transaction.

Once on the Printing Settings Screen, there are two section

  • Header / Footer
  • Table Settings

 

Header & Footer Section

In this section, set up a customised header for the printing,

In addition, there is an option to set up a Custom label and also Footer Signatures.

Table Settings

In this section, select the columns required in the Bank Voucher.

Once the settings are completed Press “Save & Close”

Cloud Accounting is made easy with FastAccount.pk

For further information please contact the Fast Accounts Support Team.

Auto Code

Fast Accounts making accounting easy, we have Customer and Supplier Auto Account Number for some time now, we have expanded the auto account code to the following modules:

  • Products
  • Projects
  • Location
  • Sales Tax Rates
  • Withholding Income Tax Rates

Setting up Auto Code is simple and easy with FastAccounts.pk,

  1. From the “Smart Settings” expand the relevant option
  2. Enable the Auto Code
  3. Set the Stating number
  4. In case, you would like to reset all old codes, use the option “Auto Code Update”, please note this will remove all codes which have been linked previously and add new codes in order. This is a non-reversiable action therefore consider carefully before using this option.

Once you have enabled Auto Code, any new entry will have the next Code automatically applied.

For further information please contact FastAccounts Support Team.

Nominal Account Codes

Chart of Account is critical for capturing and analysing financial data. FastAccounts.pk provides plenty of options to customise the Chart of Account.

We have now provided an option to have auto codes for the Nominal Accounts. In FastAccounts.pk the Chart of Account consists of three elements.

  • Category
    • Section
      • Nominal Account

Following are Categories in the FastAccounts.pk



We have set up several Sections within each Category, you can use “Add New” for more Sections. The code for Sections is “Category Prefix + Section Serial Number”.



Lastly, there are over 200 Nominal Accounts pre-added, however, you have the option to Add New or Delete existing Nominals to customise the Chart of Account. You always have the option to add codes of your choice for Nominal Accounts however now you can enable the Auto Code option for Nominals.

The auto code for the nominal account is made from “Section Code + Nominal Serial Number”

Setting up Auto Code is simple and easy with FastAccounts.pk,

  1. From the “Smart Settings” expand the “Nominal Auto Code” option
  2. Enable the Nominal Auto Codes
  3. In case, you would like to reset all old codes, use the option “Auto Code Update” from Advance, please note this will remove all existing codes which have been linked previously and add new codes in order. This is a non-reversible action therefore consider carefully before using this option.

Once you have enabled Auto Code, any new Nominal Account will automatically be allocated a code.

FastAccounts.pk is the fastest growing cloud accounting software in Pakistan.

For further information please contact FastAccounts Support Team.

SMS Feature

Frequent and excellent communication with customers and vendors are essential for the growth of any organisation.

Fast Accounts has achieved a new milestone, by providing an SMS feature. You can set customise SMS Messages on several transactions e.g. Sales invoice, Customer Balance Reminder, Supplier Payment etc.

Simply record your transaction and customers will receive the relevant SMS message.


SMS Templates

SMS Templates are available in the setting menu. Setting up SMS templates is simple and easy, there are several keywords available to draft an SMS message.

Once the Message is Approved, it will automatically execute the message on the relevant event. You also have the option to disable the sending of SMS at any time.


Customer / Supplier SMS Number

There is an option to record the SMS mobile number for the customer or supplier.


Sending SMS

SMS on the “Add” event will be sent automatically when the relevant transaction is recorded.
For the reminder SMS, you will note there is an option on the top right of the listing, this will send the reminder SMS to selected records.


SMS Packages

Please contact the Fast Accounts support team to add an SMS package to your account.

SMS Log

In the Settings menu, you will find SMS logs that provide all the processed SMS details.

For this feature please contact the Fast Accounts Support team.

Auto Customer & Supplier Account No.

Fast Accounts is the fastest growing online accounting software in Pakistan.

Auto Customer Account No.

We have added a feature that enables the auto account number for the Customer Accounts.

Go To Settings Menu, Select Smart Settings and you will find Customer Auto Account No. section.

In case you want to add account numbers by yourself, you can simple disable Auto Customer Account No.

There is an option to add “Auto Start Serial No” to start the account number from a certain number.

In addition, there is an option to add a “Prefix” for the account number.

In “Advance”, there is an option to update all existing account numbers, this will reset all account numbers of the existing customers and allocate new account numbers. This is a non-reversible action so only use it once you are certain to update existing customer account no.


Auto Supplier Account No.

Fast Accounts provides over 225 financial reports to give you full control of your business.

We have added a feature that enables the auto account number for the Supplier Accounts.

Go To Settings Menu, Select Smart Settings and you will find Supplier Auto Account No.

In case you want to add account numbers by yourself, you can simple uncheck Auto Supplier Account No.

Set up your own serial number starting point with “Auto Start Serial No”

In addition, there is an option to add a “Prefix” for the account number.

In “Advance”, there is an option to update all existing Suppliers’ account numbers, this will reset all account numbers of the existing suppliers and allocate new account numbers. This is a non-reversible action so only use it once you are certain to update existing supplier account no.



Simple and Easy Fast Accounts.pk

Sales Tax Amount Override

Fast Accounts is the fastest-growing Cloud Accounting software made in Pakistan.

As the sales tax in Pakistan is a complex area, sometime there is a need to override the auto calculated sales tax amount. In our latest update, we have added a feature where admins or authorised users can override the auto calculated Sales Tax amount.

This will apply to:

  1. Sales Invoices
  2. Sales orders
  3. Supplier Bills
  4. Purchase orders

1. How to override calculated Sales tax amount

Now Admin will be able to override sales tax amount; however in the case of a User, Admins will choose the rights to alter the Sales Tax Amount, this option can be found on the Users page. Admins can chose if this right applies to the Sales or Purchase Module



Once you have the appropriate rights, you will be able to change the Sales Tax amount.




Fast Accounts providing you control over your business finances.

For further support call us on 042-111-008-339

Attachments Feature

Fast Accounts is currently the fastest growing Online Accounting Software in Pakistan.

Great news!

Our team has now added a new feature in the latest update that allows you to save relevant files to:

  1. Bank Payments
  2. Bank Receipts
  3. Bank Transfers
  4. Sales Invoice
  5. Sales Orders
  6. Customer Receipts
  7. Supplier Bills
  8. Purchase Orders
  9. Supplier Payments
  10. Journals

1. How to use the Attachment feature

Using this feature is quick and simple, select one of the modules from the list shown above and fill in the relevant data and towards the bottom of the screen, you will find the Attach File option.

Simply click on the Attach Files, select the relevant file and press Save and Close and it’s all done.

Each transaction allows you to link up to five attachments, with a maximum file size of 2MB for each file.




Fast Accounts Paper-free and Hassel-free.

This is a premium feature, for further support call us on 042-111-008-339

Product Additional Fields Update

Fast Accounts is currently the largest Online Accounting Software in Pakistan.

In our Latest Update, we have added Eight Additional Fields to the Product Form. These fields are flexible and allow you to record any information regarding the product.

Every time you record a transaction with products, the additional fields information will be linked to the transaction. Any subsequent change to the Product Form will only affect future transactions.

These fields are also available when printing

  1. Sales Invoices
  2. Sales Orders
  3. Goods Delivery Note
  4. Supplier bills
  5. Purchase Orders
  6. Goods Receipt Notes

1. How to access Additional Fields on the Product Form

The process is very simple, On the Product Form, at the bottom of the screen click Advance Options, this will expand the Product Form and you will find the Eight new fields where information can be recorded.




To print these fields with Sales Invoices or other printing, just go to the Settings section in the relevant Print and turn on these fields, you can also add a custom Label for these Fields.

Accounting made easy with FastAccounts.

For further support call us on 042-111-008-339

Supplier Payments: Additional Withholding Income Tax

FastAccounts.pk is currently the fastest-growing Cloud Accounting Software in Pakistan.

This is a common practice to make Advance payments to the suppliers. Businesses also need to deduct the advance Withholding Income Tax from the payment.

In the latest update, we have made the recording of this transaction much easier.

1. How to Record Additional WHT on Advance Payment.

Simply go to Supplier Payments, Enter the Amount, this will appear as Unallocated Balance.

Select the WHT Rate and it will calculate the Additional WHT amount. The calculation of Additional WHT amount is done on gross-up Unallocated Balance.

It is important to note that the Additional WHT Amount will be deducted from the supplier ledger.

Once the Supplier bill is received make sure you link the WHT Amount with the bill and remove it from the Additional WHT Amount.



Grow your business with Fast Accounts.
For further support call us on 042-111-008-339

Customer Receipts: Additional Withholding Income Tax

FastAccounts.pk is currently the fastest-growing Cloud Accounting Software in Pakistan.

In case a customer has made a payment before the Sale invoice has been generated, and they have deducted with the advance Withholding Income Tax from the payment. In the latest update, we have made the recording of this transaction much easier.

1. How to Record Additional WHT on Advance Sales Receipts

Simply go to Sales Receipts, Enter the Amount, this will appear as Unallocated Balance.

Select the WHT Rate and it will calculate the Additional WHT amount. The calculation of Additional WHT amount is done on gross-up Unallocated Balance. You can overwrite the Additional WHT Amount.

Once the Sale Invoice is raised make sure you link the WHT Amount with the Sale Invoice and remove it from the Additional WHT Amount.




Accounting made easy with Fast Accounts.
For further support call us on 042-111-008-339

Auto Lock Date Further Update

FastAccounts.pk is first choice Accounting Software for the businesses in Pakistan.

We have further enhanced the feature of Lock Date.

The Lock Date give you control on the data modification. Once you have locked a DATE, the data prior to the Lock Date cannot be edited or deleted.

Now you can set the Lock Date on User basis i.e. each user can have a separate Lock Date.

Also you can set up Auto Lock Date for the users.

1. How to set up Lock Date

The process is very simple, to Setup Fixed Lock Date, Select the user from the dropdown list, enter the Fixed Lock Date and press Lock button.

In case you want to Setup Auto Lock Date, e.g. previous day to lock once date is changed, simply Select User, add 1 in Unlock Days and Press Lock.

Unlock process is simple, select the user you want to Unlock from the list, press Unlock and its done.

History is also available for view, simply select the Lock Date History from the top.



Accounting made easy with Fast Accounts.

For further support call us on 042-111-008-339

Link a discount rate with Customer

FastAccounts.pk is Pakistan’s first complete cloud accounting software.

How to link discount to a Customer.

In case you offer a fixed discount to a customer on all products, now there is an option to just add the discount rate to the customer record and when creating a sale invoice this will automatically apply to every product on the sale invoice. You will have option to override this discount rate on the sale invoice.

You can enter the discount when adding a customer or editing the customer record.




FastAccounts.pk is the number one choice of accounting software in Pakistan.

For further support call us on 042-111-008-339

Fast Accounts Team

Purchase Order Module Update 22 June 2021

FastAccounts.pk is the number one choice for Accounting Software in Pakistan.

We are excited to announce that we have further updated the Purchase Order Module and the following features are now available;

  1. On-Screen Create Supplier Bills from Purchase Order (“PO”)
  2. On-Screen Multiple PO to a single Supplier Bill
  3. Track quantities Ordered and Billed.
  4. Close PO individual rows
  5. Extensive Reporting on the Purchase Orders


1. How to Create Supplier Bill from Purchase Order

There are four different ways to create a Supplier Bill from the Purchase Order

1: At the time of Adding a Purchase Order

When adding a Purchase Order and you have the rights to approve a PO, Select “Bill & Close” this will immediately create both Purchase Order and Supplier Bill.



2: From the Purchase Order Listing (On-Screen)

On the PO List, in the Status Column select the option Bill. This will open a Create Supplier Bill Screen with all the entries from the PO.




On Create Supplier Bill screen, make the necessary changes and press Save & Close. Please note if there is already a Bill linked with this PO, the quantity of the linked Bill will be deducted from the PO and Balance will be shown in the Create Supplier Bill



3: Batch Bills from Purchase Order Listing

On the Purchase Order listing, Select the Purchase Orders and from Batch select the action Bill(Full). This will create an individual bill for each purchase Order selected.



4: Multiple Purchase Orders to a single Supplier Bill

Now you can create a single Supplier Bill from multiple Purchase Orders issued to the same Supplier. Select the POs from the list and in the Batch Action select Bill, this will open Create Supplier Bill Form with the entries from all POs, in case, an item is fully billed or a row is closed that will not appear on the Create Supplier Bill Form.



2. How to Close Purchase Order Individual Rows

On the Edit Purchase Order Form, a check box is available in each row, simply click the Check Box and Save and Close, this will close the relevant row and it will not appear in bills or as a pending row.



3. Purchase Order Reports

We have added the following 12 New Reports to cover most aspects of the Purchase Orders module

  1. Purchase Orders By Date
  2. Purchase Orders By Suppliers
  3. Purchase Orders By Status
  4. Purchase Orders Detail by Date
  5. Purchase Orders Detail by Supplier
  6. Purchase Orders Summary by Products
  7. Purchase Orders Detail Closed
  8. Purchase Orders Detail Pending
  9. Purchase Orders Detail OverBilled
  10. Purchase Orders Summary By Supplier
  11. Rejected Purchase Orders
  12. Rejected Purchase Orders Detail



For further support call us on 042-111-008-339

Fast Accounts Team

Sales Order Module Update 22 June 2021

FastAccounts.pk is Pakistan’s number One Cloud Accounting Software. This allows you to create unlimited Sales Orders and Sale Invoices.

We are excited to announce that we have further enhanced Sales Order Module and the following features are now available.

  1. On-Screen Create Sales Invoice from Sale Order (“SO”)
  2. On-Screen Multiple Sale Orders to a single Sale Invoice
  3. Track quantities Ordered and Invoiced.
  4. Close SO individual rows
  5. Extensive Reporting on the Sale Orders


1. How to Create Sale Invoice from Sale Order

There are four different ways to create a Sale Invoice from the Sales Order.

1: At the time of Adding a Sale Order

When adding a Sale Order and you have the rights to approve Sale Order, Select “Invoice & Close” this will immediately create both Sale Order and Sale Invoice.



2: From the Sales Orders Listing (On-Screen)

On the Sales Orders List, in the Status Column select the option Invoice. This will open a Create Sales Invoice Screen with all the entries from the SO.




On Create Sale Invoice screen, make the necessary changes and press Save & Close. Please note if there is already a Sale Invoice linked with this SO, the quantity of the linked Sale Invoice will be deducted from the SO quantity and the Balance will be shown on the screen. Please also note the rows linked with Sale Order will not allow changing the Product, however, you can add more rows and select any product.



3: Batch Invoices from Sales Orders Listing

On the Sales Orders listing, Select the SOs and from Batch select the action Invoice(Full). This will create an individual Sale Invoice for each Sales Order selected. This action will create a full invoice for each Sale Order.



4: Multiple Sale Orders to a single Sale Invoice

To Create a Single Sale Invoice from the multiple Sale Orders, Select the SOs from the list, and in the Batch Action select Invoice, this will open Create Sales Invoice screen with the entries from all SOs, in case, an item is already Invoiced or a row is closed that will not appear on this Screen.



2. How to Close Sale Order Individual Rows

On the Edit Sale Order Form, a check box is available in each row, simply click the Check Box and Save and Close, this will close the relevant row and it will not appear in invoices or as a pending row.



3. Sale Orders Reports

A new section in reporting Module is added. This module has 12 New Reports as listed below

  1. Sale Orders By Date
  2. Sale Orders By Customers
  3. Sale Orders By Status
  4. Sale Orders Detail By Date
  5. Sale Orders Detail by Customer
  6. Sale Orders Summary by Products
  7. Sale Orders Detail Closed
  8. Sale Orders Detail Pending
  9. Sale Orders Detail OverBilled
  10. Sale Orders Summary By Customer
  11. Rejected Sale Orders
  12. Rejected Sale Orders Detail



Accounting made easy with FastAccounts. For further support call us on 042-111-008-339

Fast Accounts Team

Bundle Product

We have now updated the Product Module to allow adding a Bundle Product. It is very helpful, if you have to select several items on the sale invoice which are sold as a combination, you can create a bundle and when you select the bundle all products will appear on the sale invoice.

1. How to Create a Bundle

Creating a Bundle is very easy,

Go To Inventory -> Products -> Add New-> Bundle This will open Add Bundle Product Form.

Select the Products for the Bundle and also specify the quantity for each product in the Bundle. Choose the Rate and Discount for the products in the Bundle. For the Distribution setup, you can also enter Retail Margin and Trade Offer for each product at the Bundle level.

The Bundle can be mix of stock products and non stock products.

Once ready press Save and Close.



2. Bundle Printing

When setting up a Bundle, you can choose if you want a single line for the total of the bundle to be printed in the Sales Invoice or each product in the bundle to be printed separately.

This option is available for each bundle. In addition, you can alter this at any time.

3. User Rights and Bundle

There is an option in User Form, which will allow Admin to restrict User Right for the change of quantity on the individual products within a Bundle, however, the User will be able to change the quantity in the Bundle row which will be reflected on all the products in that bundle.



4. Sale Invoice

On the Sale Invoice, you can select the Bundle from the Product List, this will provide the list of all product and simply add the Bundle Quantity and it will update all products details accordingly.



5. Manage Offers and Promotions with Bundle

Bundle feature in the FastAccounts.pk is very flexible. It allows to manage Promotions and Offers.

In this example the promotion is that on buying 5 Packs of Oil, 1 KG tea is free. The 1 KG Tea has been added with zero rate in the Bundle.

Simply record the sale of Bundle and Fast Accounts will manage the inventory of all products within the Bundle.



FastAccounts.pk is an Online Accounting Software developed for the Pakistan’s local market.

For further support call us on 042-111-008-339

Archive Products

In some cases, a product has been added/sold which is now discontinued, we have now added a feature to make that product inactive. This means the product list in Sales and Bills will only show active Products.

1. How to Archive a Product

On the Product List, from the Action Menu select Archive. Once a Product is archived, it will not appear in the Sale Invoice or Bill Product dropdown. Product listing will only show active products.



2. How to Un-archive a Product

To view Archived products, from the Filter Select Archived and Press Apply, this will provide Archived Products List.




On the Archived Product, from the Action Menu select the Unarchive option and confirm, it will appear again in the active product listing.

Cloud Accounting is growing rapidly in Pakistan, FastAccounts.pk is a leading Accounting Software in Pakistan.

Pakistan’s No. 1 Accounting Software

Email Sale Invoices

FastAccounts.pk is the leading accounting software in Pakistan. Great News, now you can send sale invoices via email to your customers directly from FastAccounts.

There are several benefits of emailing the Sales Invoices.

  1. Save Printing Cost
  2. Save Time
  3. Faster Recovery
  4. Customer can save invoice with easee
  5. Help environment


1. Email Sale Invoice

There are two different ways to send an invoice via email. When adding a sale invoice select “Save & Email” or after saving select Send Email from Action Menu.

The pop-up window will open, the customer email address is already added. In case you have not previously recorded the customer email address, you can add it directly on this screen to send the email. The Sale invoice will be added as an attachment to the email. You can also customise the message to the customer.




There is also an option to email Sales Order and Purchase Orders.

2. Email Templates

From the Settings Menu, go to Email Settings, set up the template message to send Sale Invoice, Sale Credit, Sale Orders / Quotations and Purchase Orders.

Customise the message with keywords.

3. Emails Credits

As a promotional offer! each Account will be credited with 1000 emails every month until the end of December 2021.

For further support call us on 042-111-008-339

Pakistan’s No. 1 Accounting Software

Product Further Update Pack Size

FastAccounts.pk is cloud accounting software specifically developed for Pakistan.

We have further updated the Pack Size feature in the Product, it is useful when the product is sold in one Unit but stock is handled in two different units.

As an example in the tiles showroom, Tiles are sold in Square Meters (SQM), however, the quantity of the product is handled in Boxes and Tiles.

On the Product Form, you will find,

  1. Large Pack Size
  2. Small Pack Size


1. How the Pack Size works

In the above example, the large pack size is set as 1.08 as that is the number of SQMs in one Box and the Small Pack Size value is set 0.27 which is SQM of 1 Tile. It is important to note if the Small Pack Size is not relevant, its value should be 1.



2. How to Print Pack Size Information

FastAccounts.pk has multiple sales invoice templates. From the Settings menu, go to Sales Invoice and Check the Bundle and Pieces options. Add the labels as required to customise the Sale Invoice.




When you will print the Sale Invoice from FastAccounts, it will show Boxes and Tiles along with SQM.




The option to Print Pack Size information is also available in Sale Orders, Goods Delivery Note, Purchase Order, Supplier Bills and Goods Receipt Note.

For further support call us on 042-111-008-339

Pakistan’s No. 1 Accounting Software

Sales Invoice Update (Rate Adjustment)

Some business have Fixed Sale Price but use Rate Adjustment in percentage for the Chargeable Rate Calculation e.g. in Steel / Iron wholesale, the sale rate is fixed and the business choose the sale rate factor (%) for trading, it can be a positive or negative percentage Sale Rate Factor.

Fast Accounts has now options available where such business requirements are covered.

This feature is available at request to the Support Team. The Adjusted Rate is calculated based on the % Adjustment entered.




The options to print Sale Rate, Adjustment and Adjusted Rate are available in the Sale Invoice print Settings.

For further support call us on 042-111-008-339

Pakistan’s No. 1 Accounting Software

Product Update ( Pack Size and Bin Location )

We have updated the Product Module and added two new features.

  1. Pack Size
  2. Bin Location

Also the option to “Add Image” is now available.

1. How the Pack Size works

In case the product is sold in Boxes but the large pack is Carton, which holds 12 Boxes, the Pack Size will be 12. You will also note, the option for Bin Location is also available.



2. How to Print Pack Size Information

From the Settings menu, go to Sales Invoice and Check the Bundle and Pieces options. You will also note Location Which is for Bin Location




When you will print the Sale Invoice it will show there are 3 Cartons, 4 Box and the total quantity sold is 40.



The option to Print Pack Size information is also available in Sale Orders, Delivery Note, Purchase Order, Supplier Bills and Goods Receipt Note.

In Addition you can print the Bin Location on Sale Invoice, Delivery Note and Sale Order.

For further support call us on 042-111-008-339

Fast Accounts Team

Sales Order Module Update

We have updated the Sales Order Module. Now there are 4 different types of status for each sales order

  1. In Progress
  2. Approved
  3. Rejected
  4. Invoiced

This will help you to track sales order more efficiently. Only when the status of the sales order is changed to Invoiced, this action will automatically create a sales invoice. Also, now you can change the status of any Sales Order as required.

1. How to Update Status on Sales Order

There are four different options to update the status of a sale order.

A: At the time of Adding a Sale Order

When you are adding a Sale order and you have rights to approve Sale Order, you can choose the “Approve & Close” or immediately create an invoice with “Invoice & Close”. In case the order is just saved, it will have “In Progress” status.

B: At the time of Edit Sale Order

This screen also provides authorised user access to directly Reject, Approve or Invoice a sale order.

C: Sale Order Listing

An authorised user has an option in the Sale Order List to simply change the status of single Sale Order as required.

From the Status Column select the Option as required.



D: Batch Update of Sale order Status

On the Sale Order listing, Select the Sales Orders and from Batch Select the action. This will update the selected Sale Order staus with one click


2. Create multiple invoices for a single Sales Order

Now you can create more than one sales invoice from the same Sales Order, in case you would like to raise a sales invoice for the selected items, simply create the sales invoice and delete the rows not required from the sales invoice created.

For further support call us on 042-111-008-339

Fast Accounts Team

Purchase Order Module Update

We have updated the Purchase Order Module. Now there are 4 different types of status for each purchase order

  1. In Progress
  2. Approved
  3. Rejected
  4. Billed

This will help you to track purchase order more efficiently. When the status of a purchase order is changed to Billed, this action will automatically create a Supplier Bill. Also, now you can change the status of any Purchase Order at any time as required.

1. How to Update Status of Purchase Order

There are four different way to update the status of a purchase order.

A: At the time of Adding a Purchase Order

When you are adding a Purchase Order and you have rights to approve a PO, you can choose the “Approve & Close” or immediately create Supplier Bill with “Bill & Close”. In case the purchase order is just saved, it will have “In Progress” status.

B: At the time of Edit Purchase Order

This screen also provides authorised user access to directly Reject, Approve or Bill a purchase order.

C: PO Listing

An authorised user has the option in the PO List to simply change the status of single Purchase Order as required.

Simply From the Status Column select the relevant option as required.


D: Batch Update of Purchase Order status

On the Purchase Order listing, Select the Purchase Orders and from Batch Select the action. This will update the selected PO status with one click.


2. Partial Bill of Purchase Orders

Now you can create more than one supplier bill from the same PO, in case, a supplier has sent the bill for the partial purchase order, simply create the supplier bill and remove the rows not required.

For further support call us on 042-111-008-339

Fast Accounts Team

Import Bank Payments and Receipts

We have updated the import for Bank Payments, now you can import multiple vouchers data in one Excel File.

  1. From the Main Menu, Go to Banks.
  2. Select Bank Payments, Choose the Import icon.
  3. Download the Import Template

In the excel file, a new column for Group No. is added. For each Group No. separate Voucher ID will be allocated. Group No. can be alphanumeric.



The same option is also available in Bank Receipts Import.

For further support call us on 042-111-008-339

Fast Accounts Team

Sales Tax & Additional Tax Reports Update

We have updated the Sales Tax Reports to reflect the Non-Filer Additional Tax and Sales Tax elements.

  1. From Main Menu,
  2. Go to Reports.
  3. Go to Sale Tax Reports Section

1. GST Sale Invoices Details

This Report has been updated to show separate columns for GST and Additional Tax.



2. GST Return Summary

This report has been updated and now provides Sales Tax and exclude the Additional Tax for Non-Filer.



3. Additional Tax Sale Invoices Details

We have added a new report which provides information on the Additional Tax charged to the Non-Filer Customers in the Sales.



More details on the Non-Filer Tax Rate in Fast Accounts can be found here (link the blog)

Please call us on 042-111-008-339 for further support.

Additional Charges and Deductions on Sale Invoices

Sometimes, a business may have to add additional charges but those are not part of the main sale of product or services.
Fast Accounts has improved the process to add additional charges e.g. shipping, labour, fitting etc.
Fast Accounts has also added additional deduction boxes for sale invoices.

1. Update a Nominal Account for Deductions and Charges

  1. Go to the Settings Menu
  2. Select Chart of Accounts
  3. Edit the Nominal Account to link with Deduction and Charge
  4. Tick the check box for Deduction and Charge


2. Adding Charge and Deduction boxes to the Sales Invoices

  1. Go to the Settings Menu
  2. Select Smart Settings
  3. Select number of Boxes required on the Sale Invoices and Save & Close

Once set up, the deduction and charge will appear on the Sale Invoices, Sales Credits and Sales Orders templates.



3. Charge and Deduction on Sale Invoices

On the Sale Invoice Form, the Charge and Deduction will appear before the Net Amount, you can select the relevant Nominal Account and add the amount as appropriate.



Please call Fast Accounts Team on 042-111-008-339 for further support.

Non-Filer Tax Rate

In case, a business is required to operate, the different tax rate for Filer and Non-Filer on the products or services, now this process is made easy with Fast Accounts.

1. How to define a Non-Filer Tax Rate

  1. Go to the Settings Menu
  2. Select Taxes and Year-End
  3. Select Add New in Sale Tax Rates

In the New Rate, add the sales tax, in the Tax Rate enter the Sales Tax Rate + Additional Tax Rate and in the Additional Tax Rate Column only add Non Filer Additional Tax rate. In this example, Sale Tax Rate is 17% and the Additional Non-Filer Tax Rate is 3% therefore 20 will be added in Tax Rate and 3 in the Additional Tax Rate.



2. How to Setup a Non Filer Customer

On the Add New Customer, on the Terms Tab, there is a check box “Filer”, if this is unchecked, the customer will be regarded as Non-Filer for tax purposes.

The Filer Status can be changed on the Edit Customer screen.



3. How to Link Non-Filer Tax Rate to the Product

On the Add New Product Form, there are two tax rates, you can select a Non-Filer Tax Rate as appropriate. In case not relevant you can select the same Sales Tax Rate for both Filer and Non-Filer.



4. How to Add Sale Invoice for Non-Filer

When adding a new sale invoice simply, select the Customer and based on Customer’s Tax Status, the product Sale Tax Rate will be applied automatically.



Please call Fast Accounts Team on 042-111-008-339 for further support.

Product Form Update

Fast Accounts allows to record 3 deductions against each product, Discount which can be applied in percentage or amount, Trade Offer and Retail Margin can be applied per unit in amount or total amount.

1. Update on Product Add New

Add New Product Form has been updated, now you can record separate TP Rate for Purchase and Sale.

In the same way, you can record a separate Retail Margin for Sale and Purchase.

There are two tax rates, select a Non-Filer Tax Rate as appropriate. In case not relevant, select the same Sales

Tax Rate for both Filer and Non-Filer.

Lastly: We provide a solution for business which deals in Schedule 3, Non Schedule 3 or Exempt Products for sales tax purposes.

Fast Accounts also provides customise discount and sales tax calculation.



Please call Fast Accounts Team on 042-111-008-339 for further support.

Advance Users Rights

Fast Accounts takes the User Rights to the next level.

With the Advance Rights feature Admin can choose which customer or Supplier should be available to the User.

User will only add Sale invoices or Sales Receipts for the Customer which are allocated to the User. In the same way, the User will only be able to view the Sale Invoices and Sales Receipts which are related to the Customers Allocated to the User.

The same will apply to the Supplier Bills and Bill Payments.

1. How Advance Rights Work

This is a premium feature. Once enabled, the Groups option will become available in the Setting Menue.

2. How to Add Groups

  1. Go to Settings Menu
  2. Select Groups, this will open Groups List
  3. Select Add New, this will open the New Group Form

Fill in the name and press Save and Close.

Think of the groups as the basis to allocate the Customers / Suppliers to the Users, it can be a sales person, route or location etc.



There is also an option to import Groups via Excel Spreadsheet.

3. How to Allocate Groups to the User

  1. Go to Settings Menu
  2. Select User Management, this will open User List
  3. Select Add New, this will open the New User Form

Fill in the necessary details, select the Type as User, select the Role from the dropdown list.

Tick the box for Fixed Sale Rate or Fixed Discount etc. Select Bank, Project and Location to grant access.

Choose the Groups, to allocate the Customers / Suppliers to the User.

Choose a single or Multi Options. For Access to all select “All” from the Dropdown List.


4. How to Allocate Groups to the User

  • Option 1: On Add or Edit of the Customer or Supplier, in the Terms tab select the Groups from the dropdown.



  • Option 2: Also when importing Customers, there is an option to add Groups in the Excel Spreadsheet.
  • Option 3: Lastly, there is an option to update Groups in bulk for existing customers. In case a Customer/Supplier is linked with more than one Group, add each group in a separate row in the spreadsheet.

Please call FastAccounts Team on +(92) 042-111-008-339 for further support and to enable this premium feature.

Users Rights

Fast Accounts has further improved User Rights and Controls. Now Admin can decide Users’ access to

  • Banks
  • Projects and
  • Locations

In the Bank Module, the User will only be able to view the transactions relating to the banks for which access has been granted.
On All Screens, the User will be only able to view the Projects for which access has been granted.
On Sales Invoices and Supplier Bills, the User will only be able to view the data for the Locations which are allocated to the User.
Admin can also decide if User should be allowed to alter Sale Rate, Discount etc on Sale Invoices and Sales Order screens.

1. How to Add a User

  1. Go to Settings Menu
  2. Select User Management, this will open User List
  3. Select Add New, this will open the New User Form

Fill in the necessary details, select the Type as User, select the Role from the dropdown list.
Tick the box for Fixed Sale Rate or Fixed Discount etc.
Select Bank, Project and Location to grant access.
Choose a single or Multi Options. For Access to all select “All” from the Dropdown List.



Please call FastAccounts Team on +(92) 042-111-008-339 for further support.

Assembly Reports Update

Three new reports are now available in Assembly Reports

  1. In Reports
  2. Go To Assembly Reports

1. Job Cost Summary By Finished Product

This report provides details of all Finished Good produced and their cost oversight.

The report has details of Finished Goods and the number of jobs completed and finished quantity.

Also, it provided a summary of all raw material and other cost linked to all jobs.



2. Job Cost Details By Finished Product

This report provides further break down of details of all cost linked with each job of the finished product.

The report has details of Finished Goods and the number of jobs completed and finished quantity.

Also, it provided details of all raw material and other costs line by line for each job.



3. Jobs Cost Summary

This report provides details of all the costs and raw material used in the Assembly process in a given date range.

Project Reports Update

Three new reports are now available in Project Reports, these reports cover the payments and receipts project.

  1. In Reports
  2. Go To Project Reports


1. Project Payments

This report provides details of payments (supplier/cash book expenses) by the project. This report also has payment date, supplier name or nominal account with bank ledger name to provide you full details of the outgoing on a Project.



2. Project Receipts

This report provides details of receipts (customer/cash book receipts) by the project. This report also has receipt date, customer and nominal account with bank ledger details.



3. Project Cash Flow

This report provides an overview of all transaction linked with cash or bank ledgers for a Project.

  1. All Receipts (Sale Receipts and Cash Book Receipts)
  2. All Payments (Supplier Payments and Cash Book Payments)
  3. Journal Adjustments.

Distribution Business

FastAccounts has special features to support accounting compliance for the Distribution Businesses,

FastAccounts allows 3 deductions for each product i.e. Discount, Retail Margin and Trade Offer, these help to calculate the chargeable price for the customers.

Also, FastAccounts handles both Schedule 3 and non-Schedule 3 for sales tax purposes.

1. How to Setup a Distribution Account

The process is very simple, after login

  1. Go to the Settings Menu
  2. Select Smart Settings

In the Invoice Template dropdown select Distribution and press Save.



2. How to Add Products

  1. In the Main Menu Go To Inventory
  2. Select Products
  3. On Product List Select Add New

This will open a New Product Form, select the Product Type as Stock Product.

Fill in the necessary details. If the product falls under Schedule 3, the Sale Price and Cost will be the same.

In Discount, add the % of discount and fill in the TO Sale (Trade Offer) and TO Purchase (Trade Offer), these parameters can be altered when creating a sale invoice or supplier bill.

The difference between TP Rate and Retail Rate will be Retail Margin. At the end Press Save and Close.



3. How to Import Products

FastAccounts also provide an option to import the product data via a spreadsheet. On the Product list, select Import Stock Products.




Download the Sample File and fill in the necessary information. After that select Choose to attach the file and press Import.



4. How to Import Opening Stock

FastAccounts allows easy update of opening stock after products have been setup. On the Product list, select Update Opening Stock, download the import Sample file and fill in the necessary information. After that select Choose to attach the file and press Import.



5. How to Record a Sales Invoice

Setup customers as normal, after that,

  1. In the Main Menu Go To Sales
  2. Select Invoice, this will open the Sales Invoice List
  3. On the Sales Invoice List from Add New Select Sales Invoice


  4. This will open the New Sale Invoice Form.




    Select the Customer from the Dropdown, enter other data.The discount calculation may differ in your business and FastAccounts offer various discount calculations. Speak to our FastAccounts Team Member for further help on this.



    6. How to Record a Supplier Bill

    Setup suppliers as normal. After that,

  5. In the Main Menu Go To Purchases
  6. Select Bills, this will open Bills List
  7. On the Bills List from Add New Select Sales Invoice

This will open the New Sale Invoice Form. Select the Customer from the Dropdown, enter other data.

The discount calculation may differ in your business and FastAccounts offer various discount calculations. Speak to our FastAccounts Team Member for further help on this.



Please call the Fast Accounts Team for support.

Roles and Users

Fast Accounts has two types of users

Admin: Admin has access to the full system including the right to add additional users.
User: User can only access the areas of Software which are allowed by the Admin via User Role.

1. Sales Recovery Summary (By Date)

A Role is a group of rights which are allocated to a user, Admin can define separate Role for each user however if multiple users are of the same nature, Admin can use the same Role for all of them.

  1. Go to the Settings Menu
  2. Select User Management, this will open User List
  3. From the top right Select Manage Roles, this will open Roles List



  4. Select Add New, this will open the New Role Form.

Add the Role Name, Select the Rights for this Role and Press Save and Close.



2. How to Edit a Role

  1. Go to the Settings Menu
  2. Select User Management, this will open User List
  3. From the top right Select Manage Roles, this will open Roles List
  4. Select Edit from the Action Menu

This will open the role in Edit mode, on the Role Edit Form, make necessary changes and press save and close. The Users access will be changed according to the amended role.



3. How to Add a User

  1. Go to Settings Menu
  2. Select User Management, this will open User List
  3. Select Add New, this will open the New User Form

Fill in the necessary details, in case the Type is User, select the Role from the dropdown list and press Save & Close



Please call Fast Accounts Team for the support.

New Reports Update

Three new reports are now available, two are Sales Recovery Reports and third is linked to bank activity summary, to access Sales Recovery Reports,

  1. In Reports
  2. Go To Debtors and Recovery


1. Sales Recovery Summary (By Date)

This report provides a total of Sale Recovery on each date. This report has the breakdown of Withholding Income Tax, GST Withheld, Discount and Amount Received. This report also confirms if there are any unallocated Sale Receipts as shown in the Balance Column.



2. Sales Recovery Summary (By Customer)

This report provides a total of Sale Recovery on customer basis. This report has the breakdown of Withholding Income Tax, GST Withheld, Discount and Amount Received. This report also confirms if there are any unallocated Sale Receipts for the customer in the Balance Column.



3. Bank Activity Summary (By Type)

This report provides an overview of all transaction linked with cash or bank ledgers.

This report has

  1. Opening Balances
  2. All Receipts (Sale Receipts and Non Sales)
  3. All Payments (Supplier Payments and Cash Book Expenses)
  4. Journal Adjustments.
  5. Closing Balances

In the end, this report also provides a summary of all the transactions.

Width and Length for Sale Invoices

Great news, for businesses that sell their products based on area i.e. Width x Length e.g. Carpets, Flooring, Wood, Tiles etc. We have now added a feature, where business can record Sale invoices or Supplier Bills with Width and Length and we will calculate the Area for you to record the sale invoice.

1. How to Add Sale Invoice with Width and Length

To record a sale invoice, In the Main Menu,

  1. Go to the Sales
  2. Select Invoices
  3. On Invoice Listing Go To Add New
  4. Select Sale Invoice




Once on the Add Sales Invoice screen,

Select the product and enter the width and length and the system will update the Qty with the calculated Area.

Press Save and Close.




The Same feature is available on the Supplier Bill too.

Please contact the Fast Accounts Support Team to activate this feature.

Fixed Product Sale Rate for Users

This feature provides more control to the Management. This is relevant for the business where product or services are sold at the fixed price as set out on the product details.

1. How to Set Fixed Sale Rate for the User

  1. Go to the Settings Menu
  2. Select User Management

For a new User select Add New or for the existing user select Edit from the Action Menu.




On the User Screen

  1. in the Role select User,
  2. Check the Fixed Sale Rate, and
  3. Press Save and Close

Please note this option does not apply to the Admin Role.



2. Sale Invoice, Sale Credit and Sale Order

A User with Fixed Sale Rate will not be able to change the Sale Rate or Discount etc. when creating Sale Invoice, Sale Credit or Sale Order. The same will apply on the Edit of these transactions.




In simple words User with Fixed Sale Rate will only be able to select the Product and Quantity when creating or editing Sale Invoice, Sale Credit or Sale Order.

Customer Payment Return

The process to record return funds to Customer is made so easy with Fast Accounts.

1. How to record a Customer Advance Return

  1. Go to Sales
  2. Select Receipts

On the Sales Receipts List, the advance from customer will be showing in the Balance Column. From the Action Menu Select Return.




On the Manage Return Screen,

  1. Enter the Bank details in the header section,
  2. Enter the Return Amount in the Receipt (You can enter a partial Amount).
  3. Press Save and Close




It’s All Done, Return Transactions will appear with “RSR” as type in the Transaction on all the relevant reports.

2. How to Record a Bounced Cheque

  1. Go to Sales
  2. Select Receipts

On the Sales Receipts List, select the Receipt from the customer, if this has already been allocated with Sale Invoices, From Action Menu Select Allocations, remove the allocations. Now the amount will be shown in the Balance Column. From the Action Menu Select Return.




On the Manage Return Screen,

  1. Enter the Bank details in the header section,
  2. Enter the Return Amount in the Receipt (You can enter a partial Amount).
  3. Press Save and Close

Supplier Advance Payment Return

The process to record funds returned from Supplier is made so easy with Fast Accounts.

1. How to record a Supplier Advance Return

  1. Go to Expenses
  2. Select Payments

On the Supplier Payments List, the advance to Supplier will be showing in the Balance Column. From the Action Menu Select Return.




On the Manage Return Screen,

  1. Enter the Bank details in the header section,
  2. Enter the Return Amount in the Payment (You can enter a partial Amount).
  3. Press Save and Close




It’s all Done, Return Transactions will appear with type “RVP” on all the relevant reports.

Multiple Units of Measurement

This feature provides an opportunity to set up multiple “Unit of Measurement” (UM) for the same product.

This also allows to define the sale price, cost and discount for each Unit of Measurement (UM).

An example of Multi UM includes a business Selling LED bulbs in three different packing.

  1. Piece – Base unit
  2. Boxes = 10 Pieces
  3. Carton = 100 Pieces

A customer can buy in any of these Units. The inventory management and sales with UM is so with Fast Accounts.

1. How to Add Landed Cost

Once the product has been added, you can add Multi-Units.

From the Action Menu select Add Multi-Unit. This will open Multi Unit Screen.




You will note that Base Unit is already appearing in the list, Select the additional UM Units and add the rest of the information as necessary. At the end press Save and Close.




You can add further Multi-Unit later on by selecting Add Multi-Units from Action Menu.


On this screen, there is option to Archive a UM-Unit which is no longer relevant and you can also make it active again at any time. This is in particularly useful for the promotional Unit of Measurement e.g. Box12 with 12 Pieces during offer period and after offer finished this can be archived.

It is important to note once a UM Unit has been used in any transaction it cannot be delete.

You can only link UM Unit with product which has a Base Unit linked to it.

There is also an option to add Multi Units data via Excel Spreadsheet.

2. Smart Settings

Sometime, a business only needs Multi-Units in the Sales Section, Admin will have full control to choose which section should have Multi Units enabled.

  1. Go to the Settings Menu
  2. Select the Smart Settings
  3. Simply uncheck the relevant UM options.



3. Customer Products

In the Customer Products the UM will be available to select, so you will be able to link price with Customers based on UM.



4. Sale

You will use the same sale invoice screen as before, in the unit box you will note the Multi UM appears. The sale price and other data is added as per the selected UM.



5. Supplier Bill

On the supplier bill in the product section once you selected the products, the UM will appear in the dropdown.

Record the data as necessary and press save and close.



6. Stock Transfer

In case you are transferring stock from one location to the other, simply select the relevant UM at the stock transfer and Fast Accounts will manage the rest.



Please contact Fast Accounts Team on 042-111-008-339 to enable this premium feature.

Landed Cost

Landed Cost Module gives you opportunity to update the inventory cost of stock products with additional expenses e.g. Freight, Import Duty, Customs Duty, Delivery Charges, Shipping Cost etc.

The process of dealing with Landed Cost made simple with Fast Accounts.

Record your bills as normal, purchase of goods, additional costs etc. Once all the bills are added, you will be able to link the additional cost bills to the goods purchased bills.



1. How to Add Landed Cost

  1. Go to Inventory
  2. Select Landed Cost

This will open “Landed Cost” Listing page. To link landed cost to the products cost, Select “Add New”



2. Add Landed Cost

On the Add Landed Cost Page, there are two sections, 1) Expenses and 2) Products

Step 1 :Expenses

  1. First select the criteria as appropriate for the expenses cost
  2. Press “Load”
  3. This will add the additional cost from the relevant bills in this section,
  4. Now enter the Offset Amount. You have choice to offset entire amount or partial amount against the Products.You can also link cost from the same supplier bill with multiple Product Bills


  5. Step 2 : Products

  6. Add the Bill Number of the goods purchased bill
  7. Press “Load Transactions”
  8. It will load the products from the relevant bill.
  9. Select the “Allocation Method” as required, you have various option to allocate the Expenses Cost to the products
  10. The offset Amoutn from Expneses section will applied to Products as appropriate.
  11. Revised rate after Offset Amount will be updated automatically.
  12. Press Save and Close



3. Edit Landed Cost

You can edit a landed cost at any time, by selecting Edit from the Action Menu.



4. Print Landed Cost

In order to print the Landed cost detail for your record, simply select Print from the Action Menu. The print will provide all necessary details.



5. Supplier Bill

The option to print Revised Rate with supplier bill is also available, Go to Settings, Select Supplier Bill and check the Revised Rate box.



6. Product Performance Report

The cost of Sale in the product performance report will be updated as per the revised rate of the product.
In the same way the stock valuation reports will be updated as well.

Please contact Fast Accounts Team on 042-111-008-339 to enable this premium feature.

Poultry Farm Management with Fast Accounts



پولٹری فارم مینجمنٹ اب فاسٹ اکاؤنٹس کے ساتھ پولٹری فارمرز کیلئے خوشخبری فاسٹ اکاؤنٹس آپ کیلئے لایا سپیشل اکاؤنٹنگ سافٹ ویئر۔ اب ہر فلاک کا مکمل پرافٹ اینڈ لاس اکاؤنٹ۔

مزید معلومات کے لئے ابھی رابطہ کریں 042 111 008 339


Bank Reconciliation

Bank Reconciliation is made easy with Fast Accounts.

1. How to Reconcile a Bank Account

  1. Go to Banks
  2. Select Reconcile

This will open Bank Reconciliation Screen.




Step 1

  1. Select Bank Account
  2. Enter the bank statement Closing Date
  3. Enter the bank statement Closing Balance
  4. Press Load Transactions

Step 2

  1. Tick the transaction as per bank statement
  2. The Difference will become “0”, once all transaction as per the bank statement are ticked.
  3. Enter the bank statement Closing Balance
  4. Press Save and Close, it is all done.



2. Bank Reconciliation Report

Go to Reports, in Cash & Banks section, select Bank Reconciliation report.



3. How to fix Previous Reconciliation Balance Difference

In case you have edited a bank related transaction after reconciliation, it will become unreconciled. As a result when you doing reconciliation, you will note a warning message.

  1. Select the Bank Account
  2. Enter the bank statement Closing Date (same as in the warning message)
  3. Enter the bank statement Closing Balance
  4. Press Load Transactions

This will load any unreconciled items. Tick the transactions as per the bank statement and press save and Close.

Assembly Module

This module is relevant for the businesses, where assembly or manufacturing process is involved, this allows to manage finished goods and also keep track of their production cost. Job costing is so easy with this module, simply start a job, allocate raw material and costs, finish and approve, we will manage the rest.

1. How to Add an Assembly Job

  1. Go to Assembly
  2. Select Jobs
  3. Press Add New

This will open Add Job screen



2. Add Job Form

This form has 4 sections,

Section 1: Details

Select the Finished Product from the dropdown

Enter the quantity to produce.

Batch Number and Expiry date are optional.

In case you have saved a template, simply select the template and it will load the relevant information in the Job Form.

Section 2: Raw Material

This section has raw material items, which have been set up as Stock Item in the Products.

Choose the product from dropdown list and add per unit quantity required.

System will calculate the total quantity required. Also manage the cost from the inventory when job is finished.




Section 3: Non Stock

Any non-stock raw material costs will be charged in this section,

Choose the non-stock product from the drop down list

Add the quantity per unit of Finished Product

Add cost per unit of non-stock product to charge this job.

Section 4: Expenses

In this section add any direct expenses or costs related to this job.

Select Expense Account from the dropdown list.

Add the charge per unit in Rate.

System will calculate total cost.




There is option to record any notes relating to job.

At the end Press Save & Close.

3. Jobs Listing

Once Job is saved, it will be added in the Jobs listing.

The Jobs have 3 different status.

  1. In Progress : When job is added it will have status of In progress
  2. Finished: when job is closed this will status of Finished
  3. Pending: A job which was finished by user but later raw material has been removed from the inventory will be marked as pending. User must finish the job again to add in inventory.



4. Material Pass

This gives details of material required to complete the job. From the Action Menu, Select Material Pass



5. Finish Job

To Finish a Job simply click Finish in the Action Menu, this will open the Approve Job screen, if the required Raw Material is available in the inventory, it will allow to Approve & Close



6. Job Cost Sheet

Once a job is finished, Select Job Cost Sheet from the Action Menu to check the job cost analysis along with per unit cost.




You can control the access to Job Cost Sheet from User Management.



7. Finished Goods Note (FG Note)

Once a job is finished, Finished Goods Note is available to print from the Action Menu. There is cost information on FG Note.



8. Shortfall Material Note

In case there is not enough Raw Material in the stock, User will not be able to Approve & Finish the Job. It will have Shortfall Material Note button available at the bottom of Approve Job screen.



Once you click on the Shortfall Material Note, it will show you the detail of shortfall raw material.



9. Edit Jobs

A job can be edited if it’s status is either In Progress or Pending, simply select Edit from the Action Menu.

10. Templates

In case, a job is to be repeated again and again, it is useful to set up as template. It is simple,

  1. Go to Assemble
  2. Select Template
  3. Press Add New

The Add Template is same as Add Jobs. User can save more than one template for the same product. It can also be edited or deleted at any time.

Once a template is Saved, you can use this to start a job.



Contact Fast Accounts Team now to enable this premium Feature

Inventory Management with Batch Number

In this feature you can buy and sell products with Batch Number. This will allow to record the Batch Number at the time of purchase of inventory and when you sell the products, simply select the batch number from available inventory.

This feature is ideal for Pharmaceutical distributors, laptop and mobile phone sellers.

How to record the purchase of products with Batch Number

  1. Go to Expenses
  2. Select Supplier Bills
  3. Select Add New
  4. Choose Supplier Bill

This will open Add New Supplier Bill screen,




On Add Supplier Bill, select Supplier and enter other details.

In the Products Details, select the products from the dropdown list.

In the Batch column, enter the batch number of the product, this can be IEMI number or Serial Number or Service Tag etc. At the end, press Save and Close




Each Batch Number to be recorded in a separate row. If you have item which does not have batch number or it is a non-stock product, simply add 0 in the batch number. You can also record more than one quantity against Batch Number.

How to Sell Products with Batch Number

  1. Go to Sales
  2. Select Invoices
  3. On the screen Select Add New
  4. Choose Sale Invoice

This will open Add New Sale Invoice screen




Select Customer as per usual, then select the product, In Batch Column, all the Batch Number with inventory will appear, select the Batch Number and it’s all done. Press Save and Close



Please contact Fast Accounts Team to enable this premium feature.

Two copies of Sales Receipts and Bill Payments

We have now introduced a feature to allow print of two copies of sale receipts side by side on the same page.

1. How to enable two copies print for Sale Receipts

  1. Go to Settings Menu
  2. Select Sales Receipts

This will open Receipts Settings Menu




Once on the Receipts Settings screen

  1. Select Settings from Left Menu
  2. Check “2 Copies Print”
  3. Press Save & Close






To print the sale receipts go to Sales -> Receipts and from Action Menu select Print





This will print sales receipt two copies side by side on the same page. This is very useful where file copy is required for the print given to customer.

2. Bill Payments 2 copies print

Go to settings, select bill payments. On the Bill Payment Settings, in the left menu select Settings and choose 2 Print Copies and save and close.

Multi Location Inventory

Fast Accounts has introduced the feature of Multi Location Inventory, please contact Support team to upgrade your account.

1. How to add Locations

  1. Go to Settings Menu
  2. Select Locations

This will open Locations listing




Once on the Locations listing page, you will find Main W/H already been set up. To add new Location,

  1. Select Add New
  2. Enter the Location Name
  3. Press Save and Close





2. How to Transfer Stock between Locations

Go to Inventory and Select Stock Transfer, this will open Stock Transfer listing page. Select “Add New” from this page to record a new stock transfer.



This will open “Add Stock Transfer” Form,

  1. Select From Location from the drop down
  2. Select To Location
  3. Add Date for the transfer
  4. Select Product from dropdown
  5. This will show you quantity in stock
  6. Enter the quantity you want to transfer
  7. At the end select Save & Close





3. How to Print or Repeat a Transfer

In case order to repeat a transfer, simply select “Copy” from Action Menu, this will open the Add “Stock Transfer Form” with prepopulated details.

In order to print the transfer note details, simply select “Print” from the Action Menu.

4. Check the quantity by Location.

To check the quantity by Location. On the product list select Product Stock from the Action Menu and it will show the details of quantity on each Location.



5. Sale Invoices with Location

Once the Multi Locations Inventory has been activated, any sale invoice must be recorded with location. The main location is selected by default, however this can be changed.



In addition, a location can be linked with the user, when adding a user or simply edit the existing user and select the relevant location. Once a Location is linked with the User, it will be by default selected when Sale or Bill is recorded.



6. Bills with Location

Once the Multi Locations Inventory has been activated, any supplier bill must be recorded with a location. The main location is selected by default, however this can be changed.

Fast Accounts Journal Printing

The new journal printing with traditional debit & credit style, has been added to all sections in the Fast Accounts.

1. Bank and Journals

On the Bank and Journal section, the print button is available on the top of the listing. On bank voucher printing only select a single row from a voucher and it will print the entire voucher.

  1. Bank Payments
  2. Bank Receipts
  3. Bank Transfers
  4. Journals





The new printing has option to record the approval process on the printed vouchers as highlighted below.




2. Sales

The journal printing in Sales section is available in the Action Menu. In case of product system will print journal according to the Nominal Accounts linked with the product.

  1. Sales Invoices
  2. Sales Receipts





The journal of Sales Receipts also provides the list of the sales Invoices against which the Receipts are recorded. The unallocated amount is shown as separate line in the journal.


3. Expenses

The journal printing in Expenses section is also available in the Action Menu. It covers all transactions in the Expenses section as it does in Sales.

  1. Supplier Bills
  2. Supplier Payments

Product Opening Stock update

A new option is now available in the product module, this allows bulk import of product opening stock values after products have been set up. Simply click on the product page select import button from the top right hand corner and select option Import Opening Stock

Use the template to import the data.





In addition you can edit an existing product stock details

  1. Select “Add Opening Stock” in the Action Menu
  2. Select Add Opening Stock
  3. Fill in date, quantity and rate (only one unit rate is required)
  4. Press Save and close, its all updated.



Fast Accounts Sales Module Update

1. Edit Sale Invoice / Sale Credit

In case of Edit of Sale invoice or Sale Credit, which has already been paid, the allocation of receipts or credit offset will remain in place. However in case of Edit the total must be greater than previously received or offset amount.



2. Batch Sale invoice

On batch sale invoice screen, the multiple items of the same customer will be added in single sale invoice instead of separate invoice for each row.



3. Bath Approval of Quotations

On quotation list now there is a feature to allow to approve multiple quotations / sale orders with one click.
Select the quotations and click on batch approve icon on the top.






4. Customer Import

When importing a customer you must allocate Account No. to the customer. This can be simple serial number or any codes you want to allocate.

Fast Accounts Expenses Module Update

1. Edit Supplier Sale Invoices / Supplier Bills

In case of Edit of Supplier Bill or Supplier Credit, which has already been paid, the allocation of payments or credit offset will remain in place. However in case of Edit the total must be greater than previously paid or offset amount.



2. Batch Supplier Bills

On batch supplier bill screen, the multiple lines of same suppliers will be added together.



3. Supplier Bill and Bill Payments Delete

We have added batch delete on Supplier Bills and Bill Payments screens. Simply select the transactions you want to delete and press the Delete icon on the top right hand of the screen.





4. Supplier Import

When importing a suppliers you must allocate Account No. to the Suppliers in spreadsheet. This can be simple serial number or any codes you want to allocate.

How to record employee Salaries & Advances in Fast Accounts

Method 1



If you want each employee ledger of payroll use this method. In this way you can record the payment of salary and advances during the month and keep full record.

  1. Set up each employee payroll Nominal in Chart of Account


  2. Add advance salary payment during the month to the employees


  3. Add payroll journal (you can also import or copy journal) Debit Wages & Salaries with total payroll Credit each employee payroll account with net salaries


  4. In nominal reports check how much is payable to each employee. This way you can also check any employee ledger as well.


  5. Make final balance payment to employees in bank payment section.



    Every month follow the same process, for weekly employees this will be done on weekly basis. Once you have done wages journal or salary payment use copy journal or copy bank payment option next time, just update amounts and you will be done.



Method 2



This will be quicker but will not give employee ledgers. This is suitable if there are no advance salaries and salaries are paid to all employees on fixed date.

  1. Add employee payroll journal


  2. In bank payment, add payroll payments to Payroll Payable.



Method 3


  1. Make payment of salaries directly to wages account in profit and loss account, in this way these wages will be counted in profit and loss account when payment is made.

Copy Sale invoices, Journals or Bank Payments

We work with you to improve things, we have now added option to copy

  • Sale invoices
  • Journals &
  • Bank payments

In case you have to create same invoice for the same customer or for any other customer, you will have option in the Action Menu to copy the invoice, once selected as copy, it will open new invoice with same product and rates. You just select the relevant customer and press save and close to add an invoice.



Project Accounting

We are pleased to announce that we have now added full module of Project Accounting in the FastAccounts.pk.

We have made it easy, you can add unlimited number of project and also have their profit and loss account available on a glance.

Simply tick the box Project Accounting in smart settings to activate the project accounting. Now you will be able to see the Projects in left menu, where you can add new project and view project performance too.


On each screen you will note there is Project input box, simply select the relevant project from dropdown when recoding the transaction and we will we will do the rest of the work.

In addition you have two reports available in the Reporting module where you can view the detailed project profit and loss and detailed nominal account activity.

In addition you can view choose to multiple project to view total profit and loss account and nominal activity.

Once Project is ended you simply Edit, to mark it finished.

Lock Date

We believe in giving more control to the management, now we have added a feature which will allow you, to lock any accounting period. Simply add the closing date and it will lock all the data up to that accounting period.

Only admin will be able to activate this feature, go to the setting menu and click on “Lock Date” option

Once you are on Lock Date, simply enter the date and it will lock the data. As a result no user will be able to add, edit or delete any transaction on or before lock date.

You will be able to view the history of lock date too.

In case you want to unlock a date simply enter a new date or remove the date and click on “Lock” button. This will unlock all the data.

Voucher Number on Bank Payment, Bank Receipts and Bank Transfer

We have made, 2 key changes to “Bank Payment” section, first, you will notice a column “V. No.” has been added, this is an automated voucher number added to the transactions.
Every time you will save transactions from a bank payment screen, Fast Accounts will add an automated voucher number.
Second, when you will press Edit on a transaction, it will open all transactions in the relevant voucher ID for edit.



The same changes have been applied to Bank Receipts and Bank Transfers

Quotation / Sale Orders

Some businesses has to prepare Quotation / Sale Order, now we have added Quotations to Fast Accounts.

You can find the Quotations, under the Sales module, the Quotations process is the same as Sales Invoice. You select the customer and products and once Quotation is ready, you can save, once the Quotation has been accepted or you need to raise the sale invoice, you simply mark this as Approved, on approval the system will record the sale invoice for the quotation.



Once the Quotation status has been marked as Approved, this cannot be edited.

Customer product discount update

We have added a new feature; as a result you can add discount on the product level on the product form and also on the customer level when you link the product with customer.


The discount applied at customer level will appear on the sale invoice screen for that customer and also apply in the bulk invoice process.


If you have link a product to customer’s record, the discount from customer record will appear on the sale invoice, with option to change.





In addition you will have option to apply discount to the additional product /service selection in the bulk invoice process.





For schools; now apply standard fees to all students and where required you will be able to apply discount and this will also print on school fee vouchers.


Please contact Fast Accounts support team for more details.

Distribution Template update

We have added a new feature; as a result customer dealing with distribution business (Third Schedule) now have option to set discount on customer level and also trade offers.


There was already option to set discount and trade offer on the product level, however for customers which are on different discount or trade offer, you can now set their discount and trade offer on each product at customer level.


Once you have linked the product to customer’s record, the discount and trade offer from customer record will appear on the sale invoice, with option to change when you recoding sale invoice for that customer.





In addition you will have option to import the discount and trade offer data via excel spreadsheet alternatively use “Add Customer Products” and “Edit Customer Products” option in the Batch option on Customer Listing Screen





Fast Accounts provide special template to record the distribution business transactions.


Please contact Fast Accounts support team for more details.

FIFO ALLOCATION UPDATE!

Excellent news! We here at the FastAccounts Team have made yet another brilliant addition to FastAccounts, now business’ that offset sales receipts and supplier payments on a FIFO basis may now do so by simply typing the receipt or payment in the amount box on either the ‘Add Sales Receipt’ screen or ‘Add Supplier Payment’ screen and it will be automatically allocated to the unpaid sales invoices or supplier bills on FIFO basis. Should you require, you may alter these allocations.

We have also added FIFO Allocations to the following screens:

  • Credit Receipts
  • Credit Payments
  • Credit Offset (both sales and expenses)

The new automated FIFO system will increase overall efficiency through its ease of use and time saving due to no longer having to type every allocation individually.

Product Records Update

With our recent Invoicing Template Update, we felt that to maximise the ease of use of FastAccounts we also provided additional fields on the ‘Product Forms’. You can now setup a product record, in which you can assign a Sales Discount and Sales Tax rate. This will appear on the Sales Invoices when you select the product, you can override this discount at the time of recording your sales invoice. Similarly, you can now add a Purchase Discount, which will appear on the Supplier Bills.

To further enhance this experience, we also added Weight & Unit fields in which you can record such data. If you desire, this information is available to print on the Sales Invoices.

For those clients who are subject to the Third Schedule, they can record their Trade Price rate and Retail rate for the purposes of calculating the Retail Margin.

These fields are available for both Stock & Non-Stock Products and Services.

Invoicing Templates Update

Great News! We here at FastAccounts take pride in delivering quality service to all our clients, and in order to fulfil this promise of ours we have made the decision to further enhance our software for you, the users. We have recently added 2 new invoicing templates: 1) Inline and 2) Distribution for Sales Invoice and Supplier Bills, alongside our existing template which is set under Default. You can change your input template under ‘Smart Settings’ where you will find the options under the heading ‘Invoice Template’.

Inline Template: The Inline template is designed to facilitate tax & discount rates on the product line level, this is best suited where you want different Sales Tax or Discount rates for different products. You can add different discount percentages or amount in every line. In the same way you can apply a different Sales Tax rate on different products.

Distribution Template: The Distribution template is designed to facilitate the Third Schedule business which deals with distribution of large companies. They will be able to record discount and retails margins on both sale and purchases.

Filter Update

Further to your feedback, we at FastAccounts have added a facility that enables you to search your ‘Sales Invoices’ and …

Further to your feedback, we at FastAccounts have added a facility that enables you to search your ‘Sales Invoices’ and ‘Sales Receipts’ using customers’ mobile numbers, this feature can be found under the Filter option on the ‘Sales Invoices’ and ‘Sales Receipts’ listing screen.

In addition, we have also provided this same feature on the ‘Bulk Sales Invoice’ screen to allow for ease of use.

Our research into this feature has shown it proves beneficial for a variety of business types, one such example being schools as they often have multiple students assigned with the same parent mobile number.

School Fees Management with Fast Accounts

This video highlights the simplicity and efficiency you can achieve in Fees Management for Schools with FastAccounts.



This video highlights the simplicity and efficiency you can achieve in Fees Management for Schools with FastAccounts.

It is very simple, fees vouchers for all students generated with one click.

Print these vouchers with ease.

Receipts process is fast and gives you full flexibility.

Have full control with over 115 reports to cover all the aspects of financial management.

Achieve hours of work in minutes with FastAcccounts.

Call our Support team now 042-111-008-339

Quick Tour and Setup

This video provides overview of FastAccounts and its setup process. This video covers introduction to main modules and other sections.



This video provides overview of FastAccounts and its setup process. This video covers introduction to main modules and other sections.

The main modules include

  • Bank
  • Sales
  • Expenses
  • Products
  • Reports

There are other sections which includes

  • User profile
  • Setup settings
  • Journals
  • Yearend
  • User management

Setup product and services, with customer and supplier accounts and you are good to go.

Simple and easy FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

FastAccounts Pakistan’s first Cloud Accounting Software

Fast Accounts Initial Setup

This video has covered the details about initial setup.



This video has covered the details about initial setup. This includes information on

  • Business information section
  • Year End and taxes
  • Smart Filters

Add a logo to print customised sale invoices. Setup general sales tax and withholding income tax rates. Control which taxes to appear in various sections.

There are already more than 200 nominal account and setup more as required. Digital Accounting made easy with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

FastAccounts Pakistan’s first Cloud Accounting Software

Transaction Types in Fast Accounts

Every time you add a transaction in Fast Accounts, it creates an entry in the financial data. When reports are printed or exported to excel you will see type of each transaction.



Every time you add a transaction in Fast Accounts, it creates an entry in the financial data. When reports are printed or exported to excel you will see type of each transaction.

The following type of transactions have been used in the Fast Accounts.

Type Full Name Description
SI Sale Invoice Customer sale invoices posted in Sales section.
SC Sale Credit Credit note posted for a customer account.
SR Sale Receipt The funds received from a customer, it includes both advance and receipts against invoices.
SCP Sale Credit Payment In case you have made a payment to a customer for sale credit note.
SCOP Sale Credit Offset This is when Sale Credit and Sale invoice has been offset.
VI Vendor Invoice Supplier Bills recorded under Expenses section will be covered by this type.
VC Vendor Credit When you post a supplier credit note.
VP Vendor Payment These are payments made to Suppliers, it includes both advance and bill payments.
VCR Vendor Credit Receipt In case you have received money from Supplier for a supplier credit note.
VCOP Vendor Credit Offset When a supplier bill has been offset against a supplier credit.
JR JR In case you post a journal from the settings menu. Both journal debit and journal credit are covered in this.
TRI Transfer In This is when fund are transferred between bank account or cash account ledgers.
TRO Transfer Out This represent funds transferred out from cash or bank ledgers.
EP Expense Payments These are transaction which are recoded as bank payment which are non-supplier payment.

This is also used when you have made payment of Withholding Income Tax to Federal Board of Revenue (FBR Pakistan)

IR Income Receipts These are bank receipts which are posted under Bank Receipts
OS Opening Stock When opening stock has been added to a product.

How to setup product and services in Fast Accounts

In this video we have explained how to setup the product and services to sell to customers.

You can also import product or services information via spreadsheet.



In this video we have explained how to setup the product and services to sell to customers.

You can also import product or services information via spreadsheet.

Setup product as “stock products” to Track the quantity of products.

Digital Accounting made easy with FastAccount.pk, fully automated system to updated inventory and stock value.

Signup FastAccounts free account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

Reports

This reports provide a brief overview of reports module. There are over 100 reports included to provide you full insight over the financial performance.



This reports provide a brief overview of reports module. There are over 100 reports included to provide you full insight over the financial performance.

Reports are divided in various sections.

You can print, save as PDF or export in excel all the report data.

You can choose which report should be available to who.

Financial reporting made easy with FastAccounts

Signup FastAccounts free account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to Setup Customer Accounts in Fast Accounts

In this video we have explained how to add a customer account in FastAccounts.

You can also import Customer Accounts via a spreadsheet.



In this video we have explained how to add a customer account in FastAccounts.

You can also import Customer Accounts via a spreadsheet.

With FastAccount.pk, it is easy to manage your accounting records digitally. Fully automated sales ledger process and inventory updates.

Signup FastAccounts free trail account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software.

How to record a sale invoice in Fast Accounts

In this video we have explained how to add a sale invoice in FastAccounts.

In addition it also explains about sale invoice edit and delete process.



In this video we have explained how to add a sale invoice in FastAccounts.

In addition it also explains about sale invoice edit and delete process.

With FastAccount.pk, simply add a sale invoice and we will do the rest to update, inventory, stock value, debtors, customer ledger. Stock value and cost of sales.

Signup FastAccounts trial account free at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record a sale credit note in Fast Accounts

In this video we have explained how you can add a sale credit note for a customer in FastAccounts.

In addition we have covered;



In this video we have explained how you can add a sale credit note for a customer in FastAccounts.

In addition we have covered;

  • How to Offset Sale Credit Note against Sale invoices
  • Sale Credit note edit process
  • Delete Sale Credit Note

Full track of account receivables with a click of button, digital accounting made easy with FastAccount.pk

Signup FastAccounts trial account free at https://fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record Sale Receipts and Customer Advances in Fast Accounts

In this video tutorial we have step by step explained how to record a full or partial sale receipt of a sale invoice.

In this video tutorial we have step by step explained how to record a full or partial sale receipt of a sale invoice.

In addition this video also covers

  • How to record advance received from a customer.
  • How to offset an advance against sale invoices
  • How to record advance and sale receipts in a single transaction
  • Edit of Sale receipt and its allocation against sale invoices
  • Delete Sale Receipts

Full track of account receivables with a click of button, Digital Accounting made easy with FastAccount.pk

Signup FastAccounts trial account at  https://Fastaccounts.pk

FastAccounts Pakistan’s first Cloud Accounting Software

How to Setup Supplier Accounts in Fast Accounts

In this video we have explained how to add a Supplier account in FastAccounts.

You can also import Supplier Accounts via a spreadsheet.



In this video we have explained how to add a Supplier account in FastAccounts.

You can also import Supplier Accounts via a spreadsheet.

With FastAccounts it is easy to manage your accounting records. Fully automated accounts payable process.

Signup FastAccounts free trail account at  https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record a Supplier Bill in Fast Accounts

In this video we have explained how to add a supplier bill in FastAccounts.

In addition it also explains about supplier bill edit and delete process.



In this video we have explained how to add a supplier bill in FastAccounts.

In addition it also explains about supplier bill edit and delete process.

With FastAccount.pk, it is easy to manage your accounting records digitally. Keep an eye on the expenses and supplier payments.

Signup FastAccounts free account free at  https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record a Supplier Credit Note in Fast Accounts

In this video we have explained how to record a supplier credit note in FastAccounts.



In this video we have explained how to record a supplier credit note in FastAccounts.

In addition we have covered;

  • How to Offset Supplier Credit Note against Supplier Bill.
  • Supplier Credit note edit process
  • Delete Supplier Credit Note

Always have up to date balance on supplier account with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

FastAccounts Pakistan’s first Cloud Accounting Software

How to record Supplier Payments and Supplier Advances in Fast Accounts

In this video tutorial we have step by step explained how to record a full or partial payment of Supplier Bills.



In this video tutorial we have step by step explained how to record a full or partial payment of Supplier Bills.

In addition this video also covers

  • How to record advance payment to a supplier
  • How to offset of advance against supplier bill
  • How to make advance and bill payment in one transaction
  • Edit of Supplier payments and allocation against supplier bills
  • Delete supplier payments

Digital Accounting made easy with FastAccount.pk, supplier statements available on click of a button.

Signup FastAccounts trial account free at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record a non-supplier payment in Fast Accounts

This video provides details of how to add a non-supplier payments (also known as cash book expenses payments) in FastAccounts.

You can record a single cash book expense or batch of expenses on one screen.



This video provides details of how to add a non-supplier payments (also known as cash book expenses payments) in FastAccounts.

You can record a single cash book expense or batch of expenses on one screen.

Option to choose multi banks on the same screen.

In case of edit or delete, all balances in bank and expense ledgers will update automatically.

Keep full control over bank payments with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record a non-customer receipt in Fast Accounts

This video provides details of how to add a non-customer receipt (also known as cash book receipt) in FastAccounts.

Record a single non sale receipt or full batch on the same screen.



This video provides details of how to add a non-customer receipt (also known as cash book receipt) in FastAccounts.

Record a single non sale receipt or full batch on the same screen.

Option to choose multi banks on the same screen.

In case of edit or delete, all balances in bank or income ledgers will adjust automatically.

Keep full control over bank and cash transactions with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record transfer between bank accounts in Fast Accounts

This video explain step by step how to record a transfer between bank accounts or cash and bank.

All transfer transactions are listed separately to provide you full control.



This video explain step by step how to record a transfer between bank accounts or cash and bank.

All transfer transactions are listed separately to provide you full control.

Bank and cash transfer records all in one place for ease.

Signup FastAccounts free account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to reconcile a bank account in Fast Accounts

This video explain step by step how to reconcile a bank statement with bank ledger in Fast Accounts.

Bank reconciliation process made simple and easy with FastAccount.pk



This video explain step by step how to reconcile a bank statement with bank ledger in Fast Accounts.

Bank reconciliation process made simple and easy with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to record a WHT Payment to FBR in Fast Accounts

This video provides details of how to record the payments of withholding income tax made to FBR for the deductions made from supplier.

Payments are automatically linked to both supplier and withholding income tax account.



This video provides details of how to record the payments of withholding income tax made to FBR for the deductions made from supplier.

Payments are automatically linked to both supplier and withholding income tax account.

Option to record multi payments on the same screen.

In case of edit or delete, all balances in bank or withholding tax ledger will adjust automatically.

Keep full control over bank and cash transactions with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software

How to post a journal in Fast Accounts

This video provides details of how to add a journal in FastAccounts.

It is simple to add, edit or delete a journal entry.



This video provides details of how to add a journal in FastAccounts.

It is simple to add, edit or delete a journal entry.

Bookkeeping made easy with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

FastAccounts Pakistan’s first Cloud Accounting Software

How to setup additional users in Fast Accounts

In this video we have explained how to setup additional users.

Setup additional users as admin to give full access or allocate custom rights to have full control on what they can view.



In this video we have explained how to setup additional users.

Setup additional users as admin to give full access or allocate custom rights to have full control on what they can view.

You only need name and email to setup additional user’s account.

Unlimited users accounts with FastAccount.pk.

Signup FastAccounts free account at https://Fastaccounts.pk

FastAccounts Pakistan’s first Cloud Accounting Software

How to setup Nominal Account Fast Accounts

In this video we have explained how to add additional nominal accounts in the chart of accounts.

This video also covers edit and delete process of existing nominal ledger.



In this video we have explained how to add additional nominal accounts in the chart of accounts.

This video also covers edit and delete process of existing nominal ledger.

There are already more than 200 nominal account and setup more as required. Accounting made easy with FastAccount.pk

Signup FastAccounts free account at https://Fastaccounts.pk

FastAccounts Pakistan’s first Cloud Accounting Software

How to Setup Sale Invoice templates in Fast Accounts

In this video we have explained how to setup a sale invoice template to print customised sale invoices.



In this video we have explained how to setup a sale invoice template to print customised sale invoices.

This video covers

  • Sale invoice template style selection
  • Sale invoice header customisation
  • Choose logo placement
  • Choose what customer information to print
  • Add a footer to print on sale invoice

Sale invoices will be printed on the customised template.

With FastAccount.pk, it is easy to manage your accounting records digitally. Fully automated sales ledger process and inventory updates.

Signup FastAccounts free trail account at https://Fastaccounts.pk

Pakistan’s first Cloud Accounting Software.