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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. Save Printing Cost Save Time Faster Recovery Customer can save invoice with easee Help environment 1. Email Sale Invoice There are two … Continue reading “Email Sale Invoices”

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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 … Continue reading “Product Further Update Pack Size”

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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 … Continue reading “Sales Invoice Update (Rate Adjustment)”

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Product Update

We have updated the Product Module and added two new features. Pack Size 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 … Continue reading “Product Update ( Pack Size and Bin Location )”

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We have updated the Sales Order Module. Now there are 4 different types of status for each sales order In Progress Approved Rejected 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, … Continue reading “Sales Order Module Update”

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Purchase Order Module Update

We have updated the Purchase Order Module. Now there are 4 different types of status for each purchase order In Progress Approved Rejected 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 … Continue reading “Purchase Order Module Update”

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Import Bank Payments and Receipts

We have updated the import for Bank Payments, now you can import multiple vouchers data in one Excel File. From the Main Menu, Go to Banks. Select Bank Payments, Choose the Import icon. Download the Import Template In the excel file, a new column for Group No. is added. For each Group No. separate Voucher … Continue reading “Import Bank Payments and Receipts”

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Sales Tax & Additional Tax Reports Update

We have updated the Sales Tax Reports to reflect the Non-Filer Additional Tax and Sales Tax elements. From Main Menu, Go to Reports. 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 … Continue reading “Sales Tax & Additional Tax Reports Update”

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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 … Continue reading “Additional Charges and Deductions on Sale Invoices”

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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 Go to the Settings Menu Select Taxes and Year-End Select Add New in Sale Tax Rates In … Continue reading “Non-Filer Tax Rate”

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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 … Continue reading “Product Form Update”

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Advance User 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 … Continue reading “Advance Users Rights”

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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 … Continue reading “Users Rights”

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Assembly Reports Update

Three new reports are now available in Assembly Reports In Reports 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 … Continue reading “Assembly Reports Update”

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Project Reports Update

Three new reports are now available in Project Reports, these reports cover the payments and receipts project. In Reports 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 … Continue reading “Project Reports Update”

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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 … Continue reading “Distribution Business”

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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 … Continue reading “Roles and Users”

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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, In Reports 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 … Continue reading “New Reports Update”

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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 Go to the Settings Menu Select User Management For a new User select Add … Continue reading “Fixed Product Sale Rate for Users”

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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 Go to Sales 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, … Continue reading “Customer Payment Return”

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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 Go to Expenses 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, … Continue reading “Supplier Advance Payment Return”

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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. Piece – Base unit Boxes = … Continue reading “Multiple Units of Measurement”

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Landed Coast

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 … Continue reading “Landed Cost”

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Bank Reconciliation

Bank Reconciliation is made easy with Fast Accounts. 1. How to Reconcile a Bank Account Go to Banks Select Reconcile This will open Bank Reconciliation Screen. Step 1 Select Bank Account Enter the bank statement Closing Date Enter the bank statement Closing Balance Press Load Transactions Step 2 Tick the transaction as per bank statement … Continue reading “Bank Reconciliation”

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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 … Continue reading “Assembly Module”

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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 … Continue reading “Inventory Management with Batch Number”

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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 Go to Settings Menu Select Sales Receipts This will open Receipts Settings Menu Once on the Receipts Settings screen Select Settings from Left … Continue reading “Two copies of Sales Receipts and Bill Payments”

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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 Go to Settings Menu 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, Select Add … Continue reading “Multi Location Inventory”

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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 … Continue reading “Fast Accounts Journal Printing”

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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 … Continue reading “Product Opening Stock update”

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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 … Continue reading “Fast Accounts Sales Module Update”

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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 … Continue reading “Fast Accounts Expenses Module Update”

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Bank Payment / Bank Receipts and Journal Imports Update

Import templates have been updated, now you can add Project Name to the Excel import file. For latest templates press download at the import screen.

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How to record empoyee salaries and advances

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. Set up each employee payroll Nominal in Chart of Account Add advance salary payment during the month to the employees Add payroll journal … Continue reading “How to record employee Salaries & Advances in Fast Accounts”

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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 … Continue reading “Copy Sale invoices, Journals or Bank Payments”

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Voucher number on sale receipts and bill payments

Automated Voucher number have been added to “Sale Receipts” and “Bill Payment” listing’s, you will notice a column “V. No.” on these screen. Every time you will save a transaction, Fast Accounts will add an automated voucher number.

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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 … Continue reading “Project Accounting”

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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 … Continue reading “Lock Date”

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Journal ID

We have made a changes to the Journal Module and now you will notice there is Journal Number added to the Journal listing. When you will add a new journal, it will be allocated a number.

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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 … Continue reading “Voucher Number on Bank Payment, Bank Receipts and Bank Transfer”

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Quotation / Sale Order

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 … Continue reading “Quotation / Sale Orders”

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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 … Continue reading “Customer product discount update”

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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 … Continue reading “Distribution Template update”

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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’ … Continue reading “FIFO ALLOCATION UPDATE!”

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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 … Continue reading “Product Records Update”

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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 … Continue reading “Invoicing Templates Update”

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Filter Update

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

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School fees management

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

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Transaction Types

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.

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