We would appreciate your feedback on the new features of the AccountingSuite.

Cloud version and demobase were updated. Please download on-premise update packages from your ACS Portal Downloads Tab.

Major changes:

• New Purchase Requisition document allows to submit and track internal purchase requests so the approval process becomes clearer, faster, and easier to manage https://accountingsuite.io/docs/purchase-requisitions/
• Period-end Closing Wizard https://accountingsuite.io/docs/period-closing/
• More documents available for Approval workflow https://accountingsuite.io/docs/approval-workflow/
• AI Assistant. Support OpenAI compatible API for on-premises AI models https://accountingsuite.io/docs/ai-assistant/#openai-Compatible-models

Other modules:

• Other Tax report (for Levies and Excise) https://accountingsuite.io/docs/other-tax-report/
• Amount in transaction (foreign) currency added to the VAT Details report
• Print form template can be copied across different documents https://accountingsuite.io/docs/print-form-templates/#copying-print-forms
• DIT enhancement
• Inventory Taking and Inventory Adjustment default GL accounts
• Asset depreciation can be calculated for non-calendar quarters and years https://accountingsuite.io/docs/depreciation/#non-calendar-timeperiod
• Scheduled and background jobs are fully supported and can run successfully in the cloud version https://accountingsuite.io/docs/scheduled-and-background-jobs/

Country-Specific reporting forms:

• VAT return form https://accountingsuite.io/docs/vat-return-thailand/ and several Withholding tax reporting forms https://accountingsuite.io/docs/wht-return-forms-thailand/ for Thailand now available

Bug fixes:

• Filter by Class removed in the Bill payment and Cash receipt. Now all open position are visible regardless of the Class.
• Bug fix for missing G/L accounts when tax is disabled
• Fix for Responsible person not populated from Company in the sales documents
• Customer Statement: when the setting is configured to not show zero amounts, such lines are now correctly excluded from the customer statement output
• Fix for Tenant Backup and Migration error
• Fix for incorrect tax base in the purchase documents
• Sorting by Account number bug in the Income Statement
• The issue with missing 1:1 reporting currency rate has been fixed, and default currency control now handles this case correctly
• Negative amounts (for example, discounts received) are now correctly carried over to the bill generated from the purchase order
• Dashboard errors caused by user role assignment resolved

Soon in AccountingSuite:

• Dedicated G/L accounts can be configured for withholding tax (WHT) rates, including cases where the tax is charged at the time of payment
• Common Check number setting for docs (ex. bill, bill payment, payment) with prohibit repeating numbers
• DIT. Import Transactions
• Payroll. Hourly/Weekly based payment
• Payroll. Sick Leave / Maternity Leave / Vacation / Writ of execution
• Department as a G/L and documents Dimension, like Class, with record level security user’s rights

During this time, AccountingSuite Databases will remain accessible via direct links:

• Middle East: https://apps.accountingsuite.io/acs/yourtenantnumber

• Asia: https://sgp.accountingsuite.io/acs/yourtenantnumber

• EF_ACS_1083 No filter by Class in the Bill Payment and Cash Receipt

What has been fixed: open positions in payment documents were automatically filtered by the Class specified in the Additional tab of the document. This behavior caused inconvenience by limiting visibility. The filter by Class has been removed, and users can now view all open positions regardless of the assigned Class.

• EF_ACS_1136 Fix for incorrect tax base in purchase documents

What has been fixed: an issue where enabling the “Tax base without discount” setting resulted in an incorrect tax base calculation in purchase documents, with an extra value of 1 being added. The tax base is now calculated correctly without the additional value.

This fix will be integrated into core code with the 26.5 release (June 2026).

• EF_ACS_1128 Fix for Inventory adjustment import error

What has been fixed: Inventory adjustment can be now imported via the data import tool

• EF_ACS_1138 Fix for Tenant Backup and Migration error

What has been fixed: fixed an issue that caused failures in tenant backup and on-premise data export processes during migration to the cloud

We would appreciate your feedback on the new features of the AccountingSuite.

Cloud version and demobase were updated. Please download on-premise update packages from your ACS Portal Downloads Tab.

Major changes:

• Business Email Alerts and Reminders https://accountingsuite.io/docs/business-email-alerts-and-reminders/
• Financial Period Closing Procedure: Now available for month-end and year-end processes, with flexibility to adapt to business needs https://accountingsuite.io/docs/closing-income-and-expenses/
• Trial Balance report now supports extra dimensions (e.g., projects, departments), allowing detailed analysis and multi-dimensional financial reporting https://accountingsuite.io/docs/trial-balance/
• Introduced dedicated G/L accounts to distinguish VAT on goods from VAT on services, improving tax tracking, reconciliation, and statutory reporting accuracy https://accountingsuite.io/docs/tax-settings/#taxglaccounts
• Separate G/L accounts to be assigned to different tax rates https://accountingsuite.io/docs/tax-settings/#taxglaccounts
• AI-Bot: Intelligent Assistant. Ask questions, get instant answers about company data, reports and documents – AI helps users work faster without deep technical knowledge. Integration with ChatGPT, Gemini, Grok, Claude, OpenRouter. Website & in-system chat powered by AI based ACS documentation. https://accountingsuite.io/docs/ai-assistant/

Other modules:

• New attributre for G/L accounts to mark non-taxable income and expenses for Corporate income tax purposes https://accountingsuite.io/docs/chart-of-accounts/#non-taxableglaccounts
• New Project Analysis Report delivers a comprehensive financial overview of project-level turnover https://accountingsuite.io/docs/projects-analysis/
• Multi-currency Bank Transfer with translation fee https://accountingsuite.io/docs/bank-transfers/
• Inventory Aging Report: New report providing aging analysis of inventory items by age buckets (e.g., current, 30 days, 60 days, 90+ days), helping track slow-moving stock https://accountingsuite.io/docs/inventory-aging-report/
• Warehouse Transfer Flexibility: Warehouse Transfers can now book with “Location From” equal to “Location To” enabling allocation of extra landed costs without changing the goods’ physical location https://accountingsuite.io/docs/warehouse-transfers/
• Statement Document enhacements: Cash Receipts now display net of discounts; added toggle to show or hide transactions with zero amounts https://accountingsuite.io/docs/statements/
• Print Form Journal Voucher new option to show net G/L account balance https://accountingsuite.io/docs/print-form-templates/#net-balance-printform
• General Journal Memo can be added to the Print form https://accountingsuite.io/docs/print-form-templates/#adding-memo-printform
• Payroll module now supports personal documents (e.g., IDs, certificates) in the Personal Documents list https://accountingsuite.io/docs/personal-documents/

Country-Specific reporting forms:

• VAT return and FAF-file for UAE https://accountingsuite.io/docs/vat-return-form/
• WHT forms (2550-M, 2550-Q, 1601-E, 1604-EQ, F2306) for Philippines https://accountingsuite.io/docs/wht-returns/ ; https://accountingsuite.io/docs/vat-returns-ph/

Bug fixes:

• Resolved Report Distribution issues
• DIT import will not be sensitive to the size of letters and will find records (Locations, Items) even if they are written in a different case
• Purchase Order now displayed under Related Documents in the Prepayment
• Corrected Withholding Tax amounts from G/L tab in the Bill not appearing in the WHT register
• Fixed incorrect G/L when default currency is treated as foreign
• Bug for Budget importing has been fixed
• Enabled Payment Register filtering by bank account in foreign currency
• Class filled automatically in the Bill payment from the preceding document
• Restored missing items in Sales by Customer report

New in Knowledge Base:

• Received Discounts https://accountingsuite.io/docs/received-discounts/ 
• Projects Overview https://accountingsuite.io/docs/projects-overview/ 
• Documentation. Corporate Tax / Profit Margin Tax https://accountingsuite.io/docs/profit-tax/ 
• AI Assistant https://accountingsuite.io/docs/ai-assistant/ 
• Paying to a Vendor in a Different Currency https://accountingsuite.io/docs/paying-to-a-vendor-in-a-different-currency/

Soon in AccountingSuite:

• New Tax Details report: for non-VAT taxes (Levy, Excise)
• Print Forms in foreign currency
• Common Check number setting for docs (ex. bill, bill payment, payment) with prohibit repeating numbers
• Purchase requisition
• Approval workflow Email Reminder and add other Documents to the approval process
• DIT. Import Transactions
• Payroll. Hourly/Weekly based payment
• Payroll. Sick Leave / Maternity Leave / Vacation / Writ of execution
• AI Chat Bot working with on-premises AI Ollama model