Cash Basis Reporting, Foreign Currency Tracking & Faster Reports

This latest update is all about giving you more flexibility and control over your financial data. We’re introducing powerful new reporting options, including cash basis accounting and automated foreign currency tracking, alongside key improvements to make your daily workflow faster and more efficient.

✨ New Features

Automated Unrealised Currency Gain/Loss Tracking

For businesses operating across multiple currencies, manually calculating gains or losses from exchange rate fluctuations is a time-consuming, error-prone task. To solve this, the Acxite app now automatically calculates unrealised gains and losses on your foreign currency bank accounts. A new dedicated report provides a clear summary, ensuring your financial statements are always accurate and saving you from complex manual calculations.

Introducing Cash Basis Reporting for All Financial Reports

We understand that not all businesses operate on an accrual basis. Previously, our reporting was limited, forcing users to adapt their analysis. You now have the flexibility to view all financial reports—including the P&L and Balance Sheet—on a cash basis. Simply toggle between accrual and cash views to get the financial perspective that best fits your business model.

Get a Clear Overview with the New Account Movement Report

Keeping track of all the activity across your accounts can be challenging. To provide a clear, consolidated view, we’ve added a new Account Movement Report. This report summarises all debits, credits, and net changes for your accounts over any period, making it easier to perform reconciliations, conduct audits, and understand your financial flow at a glance.

Create Transactions Instantly with the New Quick Create Button

To help you work faster, we’ve added a Quick Create button to the main menu. Instead of navigating through multiple pages, you can now add a new transaction from anywhere in the app with a single click. This small change significantly streamlines the data entry process and helps you keep your books updated with less effort.

🛠️ Bug Fixes

• Improved the performance of our financial reports, ensuring they load significantly faster so you can access your data without delay.
• Fixed an issue where transactions with a negative value, such as credit notes or refunds, were not being processed correctly. Your sales and purchase records are now more reliable than ever.