ERPNext v14: New Features

1. New Subcontracting Module

The Standard Buying cycle was used until version 13 to control the subcontracting feature. In contrast, a new module called Subcontracting was added in version 14 to maintain the functionality. Subcontracting Order and Subcontracting Receipt are two additional papers added to the workflow. 

To finish any open purchase orders for subcontracting, the existing users have also preserved the previous procedure. However, you must adhere to the new workflow for the new subcontracting orders (PO – Subcontracting Order – Subcontracting Receipt). d patch, and cost center allocation records will be created based on current distributions.

 2. E-Commerce Search

Users can rapidly search for Website Items or Item Groups on all Product Listing pages using the Search bar. Furthermore, it saves recently performed searches you can access and use again. 

By default, ERPNext performs a simple DB search, but you can optionally choose to use RediSearch for a super fast search instead. 

3. Payment Ledger

Introduced a new document called Payment Ledger in version 14 to keep track of the connections between invoices and payment entries. In the past, we kept the data (Against Voucher Type and Voucher) inside the GL Entry document, which was a bottleneck for the GL Entries' immutability. Additionally, it will speed up the processing of Accounts Receivable/Payable reports and improve Payment Reconciliation performance. 

GL Entry document has not yet had the information removed, but it will do so in a few months. Therefore, if you created (or intend to create) any report or functionality using that data, please use the new Payment Ledger.

4. Organizational Charts

An organizational chart illustrates relationships between various employees along with their titles, picture, and name. This reveals the organizational structure. 

People can engage with the organizational chart and learn about the hierarchy through the faces and other details in massive organizations where it might be challenging to remember names. 

5. CRM Enhancements

The CRM module has had a lot of improvements. Since communications and activities are the two most crucial CRM features, those two have their tabs: activities and notes. To keep the company's information, it has also introduced a new document called Prospect. This document compiles all relevant leads, opportunities, and communications in one location. 

The following significant changes are made throughout this process: 

• The fields for the Next Contact Date, Next Contact By, and Ends On have been eliminated from Lead and Opportunity. The new Events functionality will now control it. Based on the available data, it has generated Events for Next Contact Dates set within the last month. 

• The designation field has been changed to a job title. Renamed converted_by field to opportunity owner. 

• When a lead is transformed into an opportunity, it is automatically disabled. 

6. Common Party Accounting 

Accounting for uncommon operations like raising a Sales Invoice against a major Supplier is a part of ERPNext's Common Party Accounting. Assume that an ERPNext user has been creating purchase invoices against a supplier and now wants to create a sales invoice against the same supplier and adjust it against one of the prior purchases.

By turning on Common Party Accounting, the aforementioned is possible.

7. Cost Center Allocation

This feature allows the GL Entry for a cost center to be shared among several cost centers. The Cost Center Allocation document can specify allocation percentages for the child cost centers. The system posts several GL Entries against each cost center by this arrangement. 

The Distributed Cost Center feature, available in version 13, allows us to specify the distribution percentages between several cost centers. We used to generate various financial reports depending on the allocation, but this had no impact on the real GL Entries. 

It has some shortcomings, such as the fact that it ignores how the distribution varies over time. Since cost center allocation fluctuates over time in the real world, the system should book income and expenses by the most recent allocation rather than calculating it in real time. Existing data will be migrated using an addon.

8. Ledger Merger

The goal of Ledger Merge is to make the process of combining many accounts under one root as simple as possible. Open each account, click the button, enter the name, and then merge is the current workflow. 

With the help of the new doctype introduced in this PR, users can easily link several accounts.

9. Taxjar Integration

Utilizing the addresses of clients, businesses, and delivery sites, TaxJar integration enables ERPNext users to automatically calculate taxes. 

10 Payment Terms Status report

Based on the corresponding bills filed against the SO, this report seeks to provide the most current status of the payment terms.

All bills related to sales orders are retrieved and given terms using the FIFO approach. The report's statuses are computed at runtime and have no bearing on the database's state.

Using a chart, it is possible to see the payment and amount paid for each term when Individual SOs are chosen

11 Improved Indian Compliance

This feature has been designed to make compliance with Indian Rules and regulations a lot  more simpler and reliable. It has been meticulously integrated with GST API to ease out the recurring compliance processes. It allows end-to-end GST e-way bill management along with Automated GST e-invoice generation and cancellation. It also facilitates Advanced Purchase Reconciliation based on GSTR-2B and GSTR-2A.

12 Discount Accounting

This is another feature which has been added in the improved Accounting Module of ERPNext.

13 Payment Reconciliation Tool

This tool is used to link payments with invoices. A journal entry is not auto-created when reconciliation happens against a payment entry- this is because payment entries are associated with linked transactions. A journal entry is auto-created in the case where we wish to allocate a credit/debit note to an invoice that is being reconciled. This auto creation is necessary in this case since credit/debit notes do not have linked transactions.

14 Coupon Code in POS

This feature allows us to apply a coupon code created through the existing coupon code doctype at the POS checkout screen. This newly added feature allows you to type in the coupon code in the POS screen and a drop down of relevant coupon codes will appear.

15 South Africa VAT Audit Report

VAT audit report will show you the amount details of each of the items from Purchase as well as Sales invoices for a specified time period. You will have to add the VAT accounts in the South Africa VAT settings for which you want to generate the report.

16 Payment Terms Status Reports

The purpose of this report is to provide you with the current status of the payment terms based on the associated invoices against the SO. All invoices related to Sales Orders are fetched and assigned to terms in the FIFO method.

There are more such features in ERPNext v14:

• Scrap Item in Job Card
• Full and Final Settlement
• Income tax computation Report
• Employee Grievance
• Tax for recurring additional salary
  
• Tracking Multi-round interview
• Exit Interview and Employee Exits Report
• Leave Type configuration to allow over allocation
• Employee Reminders
• Refactored Employee Leave Balance
• Treatment Plan Template
• Capacity for Service Unit, concurrent appointments based on capacity, Patient Appointments
• Redesigned Patient History and Patient Progress