The new Account21 VAT version is released. The new version will take care of the entire essential book keeping work related to Indian VAT System.

Following are the important features in this version:

• VAT enabled Invoices/Purchases

User can create VAT enabled Invoices and Purchase vouchers in this version. The VAT schedules of items are captured at the Item creation level so that chances of making mistakes are minimum. Non-VAT invoices can also be created in the system.

• Stock Transfer Documents

To facilitate movement of stock from one location of the company to another location, the new version of Account21 comes with Stock In and Stock Out documents. Without affecting sales and purchase, these vouchers allow users to move stock from one location to other location of the company.

• Dr/Cr Notes

These are new documents made available as per VAT requirement. These documents allow issuing Dr/Cr notes against Sales/Purchases. These documents can also be printed out. The normal Dr/Cr notes on the accounting side will continue to be made available for using other than Sales/Purchase related activities.

• VAT Return Document

A new report is made available which meets the monthly VAT 'Return' requirement on Sales & Purchases.

To see a detailed feature list on the new version, please click here.