Pulse workspace version 4.6.57

Maintain Assets

As the federal government has now extended the instant write-off of assets valued up to $30,000 to organisations with turnover of up to $50 million we expect the use of Tax Depreciation in Fixed Assets to increase amongst our client base.

This update contains a number of minor adjustments following a review of Tax Depreciation …

1. We have changed the name of the depreciation method Full Depreciation at Purchase to Instant Write-Off to align it with ATO terminology.
2. Instant Write-off occurs immediately and is not spread over a financial year.
3. Instant Write-off will set the value of depreciation equal to the current written down value rather than the purchase cost. This allows the depreciation method to be changed to Instant Write-off without issue.

We remind you that the Tax Depreciation does not create journals in the general ledger. Rather, it simply provides a report of depreciation for tax purposes.

Pulse workspace version 4.6.56

Pulse Financials

Asset Disposal

An issue that caused the pro-rata depreciation of an asset as at disposal to be journaled to the Profit/Loss on Asset Disposal account and not the Depreciation Expense account has been corrected.

Pulse workspace version 4.6.55

Pulse Financials

Bank Reconciliation

An error that occurred in reconciliation posting during supplier name lookup has been corrected. This error only occurred if the reconciliation included cash payment transactions entered from the bank statement.

Pulse workspace version 4.6.54

Pulse Financials

Cash Receipts Entry / Secure Safe Interface

The Secure Safe Interface now allows the cash receipt date to be changed during the interface. The default for this date is yesterday.

Asset Valuation Enquiry

An issue that caused a negative pro-rata depreciation to be calculated when the calculation date was set equal to a previous depreciation date has been corrected. The software now correctly reports the pro-rata depreciation as zero.

Asset Depreciation

An issue that incorrectly calculated the Opening WDV of an asset in the 2nd and subsequent years after a revaluation has been corrected.

Golf Competitions

Transfer In-conjunction Scores

An issue that caused an incorrect Result and Net Score for Stroke competitions transfers has been corrected.

End of Day Wizard

The software now correctly uploads the individual stableford result for handicapped Fourball Aggregate events. Previously, the team result was uploaded.