ERP Software Implementation: Common ERP Mistakes & Process Guide
In this video, we explore the ERP implementation process and highlight the common ERP mistakes organizations often encounter during ERP software implementation along with practical steps to avoid them.
1. Lack of Proper Planning: A successful ERP implementation process begins with detailed planning. Without clearly defined goals, timelines, and resource allocation, organizations risk project delays and misalignment with business needs.
2. Not Involving Key Stakeholders: Engaging stakeholders across departments is vital for effective ERP software implementation. Without their involvement, crucial requirements may be missed, leading to limited adoption and resistance to change.
3. Ignoring Data Quality Issues: One of the most common ERP mistakes is overlooking data integrity. Clean, accurate, and structured data is essential to ensure your ERP system functions as intended post-implementation.
4. Inadequate Training: Transitioning to a new ERP system requires comprehensive user training. Proper onboarding ensures your team understands new workflows and is confident using the system an essential part of a smooth ERP implementation process.
5. Not Testing the System Thoroughly: Before going live, your ERP system must undergo thorough functional and user testing. This helps identify potential bugs or misconfigurations that could otherwise disrupt operations.
By addressing these ERP software implementation pitfalls and adhering to proven best practices, organizations can enhance efficiency, reduce costs, and maximize the value of their ERP investment.
At Finbyz Tech, we specialize in ERP implementation and provide free consultations to help you avoid these common ERP mistakes. Contact us today to start your successful ERP journey.
In this video, we explore the ERP implementation process and highlight the common ERP mistakes organizations often encounter during ERP software implementation along with practical steps to avoid them.
1. Lack of Proper Planning: A successful ERP implementation process begins with detailed planning. Without clearly defined goals, timelines, and resource allocation, organizations risk project delays and misalignment with business needs.
2. Not Involving Key Stakeholders: Engaging stakeholders across departments is vital for effective ERP software implementation. Without their involvement, crucial requirements may be missed, leading to limited adoption and resistance to change.
3. Ignoring Data Quality Issues: One of the most common ERP mistakes is overlooking data integrity. Clean, accurate, and structured data is essential to ensure your ERP system functions as intended post-implementation.
4. Inadequate Training: Transitioning to a new ERP system requires comprehensive user training. Proper onboarding ensures your team understands new workflows and is confident using the system an essential part of a smooth ERP implementation process.
5. Not Testing the System Thoroughly: Before going live, your ERP system must undergo thorough functional and user testing. This helps identify potential bugs or misconfigurations that could otherwise disrupt operations.
By addressing these ERP software implementation pitfalls and adhering to proven best practices, organizations can enhance efficiency, reduce costs, and maximize the value of their ERP investment.
At Finbyz Tech, we specialize in ERP implementation and provide free consultations to help you avoid these common ERP mistakes. Contact us today to start your successful ERP journey.
The Importance of CRM for Small Businesses
Are you struggling to retain customers or missing out on valuable leads? Want to boost sales and revenue while enhancing customer satisfaction and loyalty? Then it’s time to understand how the best CRM software can transform your business!
In this video, we discuss how Customer Relationship Management (CRM) can help businesses of all sizes to achieve their growth goals. You’ll learn how a well-structured CRM for small business can streamline lead management, helping you identify potential customers and engage them effectively. We also dive into how CRM enhances communication at every stage of the customer journey, drives better conversions, and builds lasting relationships all key to long-term revenue growth and brand loyalty.
At Finbyz, we believe every business deserves access to tools that drive smarter decisions and better outcomes. That’s why we advocate for integrating the best CRM software tailored to your business needs. Reach out to us for personalized advice and discover how the right CRM for small business can accelerate your growth.
Are you struggling to retain customers or missing out on valuable leads? Want to boost sales and revenue while enhancing customer satisfaction and loyalty? Then it’s time to understand how the best CRM software can transform your business!
In this video, we discuss how Customer Relationship Management (CRM) can help businesses of all sizes to achieve their growth goals. You’ll learn how a well-structured CRM for small business can streamline lead management, helping you identify potential customers and engage them effectively. We also dive into how CRM enhances communication at every stage of the customer journey, drives better conversions, and builds lasting relationships all key to long-term revenue growth and brand loyalty.
At Finbyz, we believe every business deserves access to tools that drive smarter decisions and better outcomes. That’s why we advocate for integrating the best CRM software tailored to your business needs. Reach out to us for personalized advice and discover how the right CRM for small business can accelerate your growth.
Manufacturing
"Quality means doing it right when no one is looking." - Henry Ford
The production process lies at the core of every manufacturing operation. For businesses to remain profitable and competitive, they must efficiently manage raw materials, resources, and operational costs. This is where ERP Manufacturing plays a vital role offering integrated tools that optimize each step of the process.
Bill Of Materials (BOM): The Bill of Materials (BOM) is a fundamental feature of the best ERP systems for manufacturing. It provides a structured list of all raw materials, components, and sub-assemblies needed to produce a finished product. By serving as a detailed production blueprint, the BOM ensures that all essential inputs are accounted for and that production costs are meticulously tracked.
Advanced Production Planning Tools: Within ERP Manufacturing, advanced production planning tools help streamline operations by creating accurate production schedules. These tools balance demand forecasts with available inventory, labour, and machine capacity. By doing so, they ensure that production processes are optimized, reducing lead times and operational inefficiencies.
Workstation Management: Workstations are crucial nodes in the production process. The best ERP systems offer intuitive tools to assign tasks, track progress, and monitor capacity across workstations. With effective workstation management, manufacturers can increase throughput, eliminate bottlenecks, and ensure that every part of the production floor runs smoothly.
Driving Operational Excellence: ERP software not only supports core manufacturing functions but actively drives business performance. By centralizing data and automating workflows, ERP Manufacturing empowers businesses to make informed decisions that enhance productivity and profitability across their entire operation.
Furthermore, the successful implementation of these strategies and tools offers several significant benefits to manufacturing companies:
Cost Control: Integrated cost tracking within ERP ensures accurate monitoring of raw material and operational expenses. This level of control is essential for staying within budget and boosting profitability.
Production Accuracy & Consistency: BOMs maintained within ERP systems standardize production processes, ensuring that every product is built to specification and minimizing costly rework.
Optimized Resource Utilization: The best ERP systems for manufacturing provide real-time visibility into labor, machine, and material usage enabling efficient allocation and minimizing idle time.
On-Time Delivery: With effective production planning and streamlined workflows, businesses can fulfill orders as scheduled, increasing customer trust and satisfaction.
Competitive Advantage: Efficient ERP Manufacturing solutions allow companies to offer superior quality, faster delivery, and competitive pricing key factors for market leadership.
Operational Agility: A robust ERP platform enables manufacturers to swiftly adapt to demand changes, supply chain disruptions, or new business opportunities.
Leveraging the full capabilities of ERP Manufacturing transforms your factory floor into a data-driven, agile operation. From production processes to cost management and delivery performance, the best ERP system for manufacturing empower your business to grow, compete, and innovate.
"Quality means doing it right when no one is looking." - Henry Ford
The production process lies at the core of every manufacturing operation. For businesses to remain profitable and competitive, they must efficiently manage raw materials, resources, and operational costs. This is where ERP Manufacturing plays a vital role offering integrated tools that optimize each step of the process.
Bill Of Materials (BOM): The Bill of Materials (BOM) is a fundamental feature of the best ERP systems for manufacturing. It provides a structured list of all raw materials, components, and sub-assemblies needed to produce a finished product. By serving as a detailed production blueprint, the BOM ensures that all essential inputs are accounted for and that production costs are meticulously tracked.
Advanced Production Planning Tools: Within ERP Manufacturing, advanced production planning tools help streamline operations by creating accurate production schedules. These tools balance demand forecasts with available inventory, labour, and machine capacity. By doing so, they ensure that production processes are optimized, reducing lead times and operational inefficiencies.
Workstation Management: Workstations are crucial nodes in the production process. The best ERP systems offer intuitive tools to assign tasks, track progress, and monitor capacity across workstations. With effective workstation management, manufacturers can increase throughput, eliminate bottlenecks, and ensure that every part of the production floor runs smoothly.
Driving Operational Excellence: ERP software not only supports core manufacturing functions but actively drives business performance. By centralizing data and automating workflows, ERP Manufacturing empowers businesses to make informed decisions that enhance productivity and profitability across their entire operation.
Furthermore, the successful implementation of these strategies and tools offers several significant benefits to manufacturing companies:
Cost Control: Integrated cost tracking within ERP ensures accurate monitoring of raw material and operational expenses. This level of control is essential for staying within budget and boosting profitability.
Production Accuracy & Consistency: BOMs maintained within ERP systems standardize production processes, ensuring that every product is built to specification and minimizing costly rework.
Optimized Resource Utilization: The best ERP systems for manufacturing provide real-time visibility into labor, machine, and material usage enabling efficient allocation and minimizing idle time.
On-Time Delivery: With effective production planning and streamlined workflows, businesses can fulfill orders as scheduled, increasing customer trust and satisfaction.
Competitive Advantage: Efficient ERP Manufacturing solutions allow companies to offer superior quality, faster delivery, and competitive pricing key factors for market leadership.
Operational Agility: A robust ERP platform enables manufacturers to swiftly adapt to demand changes, supply chain disruptions, or new business opportunities.
Leveraging the full capabilities of ERP Manufacturing transforms your factory floor into a data-driven, agile operation. From production processes to cost management and delivery performance, the best ERP system for manufacturing empower your business to grow, compete, and innovate.
Issue Management in EMS
Issue management in EMS (Election Management Systems) is an essential function that ensures the integrity, transparency, and smooth execution of the electoral process. It involves systematically identifying, logging, tracking, and resolving any problems that may arise before, during, or after elections. With the integration of modern EMS software and frameworks like the EMS incident command system, authorities can manage issues efficiently, ensuring public trust in democratic institutions.
Importance of Issue Management in EMS:
Ensuring Fairness: Timely issue resolution is vital for maintaining fairness throughout the election cycle. Whether it's voter complaints, equipment failures, or attempts at manipulation, effective issue management ensures prompt action and resolution.
Maintaining Transparency: Issue management in EMS supports transparency by providing a structured system for documenting problems and their resolutions. This visibility reassures stakeholders that concerns are handled responsibly and equitably.
Operational Efficiency: Managing issues proactively helps prevent disruptions and ensures elections proceed without delays. It also prevents minor concerns from evolving into larger challenges.
Key Features of Issue Management in EMS:
Real-Time Issue Reporting: EMS platforms enable election officials, poll workers, candidates, and even voters to report issues as they occur. These can range from voter registration discrepancies and ballot delivery issues to hardware or cybersecurity concerns.
Tracking and Prioritization: The ERP System tracks reported issues, assigns priority levels, and ensures that they are addressed in a timely manner based on their severity and impact on the election process.
Integrated Communication Tools: EMS platforms equipped with EMS incident command system features enhance coordination between stakeholders. Clear communication channels help election teams collaborate effectively during critical moments.
Comprehensive Documentation: Every issue reported is tracked, with detailed logs of actions taken and outcomes. This audit trail ensures accountability and facilitates post-election analysis.
Analytics and Post-Election Reporting: Issue trends are analyzed to identify recurring problems or systemic weaknesses. These insights are essential for improving future electoral processes.
Benefits of Issue Management in EMS:
Quick Resolution & Reduced Downtime: A robust issue management framework ensures that problems are addressed swiftly, minimizing disruptions during voting and counting phases.
Improved Transparency & Trust: Documenting and resolving issues in a clear, visible manner fosters trust among voters, candidates, and observers.
Resource Efficiency: By automating and streamlining issue tracking, EMS reduces the need for manual intervention, saving time and resources.
Continuous Improvement: Data from issue management in EMS allows authorities to refine electoral procedures and prepare better for future elections.
Regulatory Compliance: Ensuring that all incidents are properly logged and managed helps meet compliance requirements and strengthens the legal defensibility of the electoral process.
Effective issue management is a foundational element of any reliable Election Management System. By embedding advanced capabilities such as real-time reporting, automated tracking, and integration with the EMS incident command system election authorities can proactively address challenges, protect the democratic process, and reinforce public confidence. Investing in structured issue management in EMS not only supports smoother elections but also sets the stage for ongoing improvements in governance and public administration.
Issue management in EMS (Election Management Systems) is an essential function that ensures the integrity, transparency, and smooth execution of the electoral process. It involves systematically identifying, logging, tracking, and resolving any problems that may arise before, during, or after elections. With the integration of modern EMS software and frameworks like the EMS incident command system, authorities can manage issues efficiently, ensuring public trust in democratic institutions.
Importance of Issue Management in EMS:
Ensuring Fairness: Timely issue resolution is vital for maintaining fairness throughout the election cycle. Whether it's voter complaints, equipment failures, or attempts at manipulation, effective issue management ensures prompt action and resolution.
Maintaining Transparency: Issue management in EMS supports transparency by providing a structured system for documenting problems and their resolutions. This visibility reassures stakeholders that concerns are handled responsibly and equitably.
Operational Efficiency: Managing issues proactively helps prevent disruptions and ensures elections proceed without delays. It also prevents minor concerns from evolving into larger challenges.
Key Features of Issue Management in EMS:
Real-Time Issue Reporting: EMS platforms enable election officials, poll workers, candidates, and even voters to report issues as they occur. These can range from voter registration discrepancies and ballot delivery issues to hardware or cybersecurity concerns.
Tracking and Prioritization: The ERP System tracks reported issues, assigns priority levels, and ensures that they are addressed in a timely manner based on their severity and impact on the election process.
Integrated Communication Tools: EMS platforms equipped with EMS incident command system features enhance coordination between stakeholders. Clear communication channels help election teams collaborate effectively during critical moments.
Comprehensive Documentation: Every issue reported is tracked, with detailed logs of actions taken and outcomes. This audit trail ensures accountability and facilitates post-election analysis.
Analytics and Post-Election Reporting: Issue trends are analyzed to identify recurring problems or systemic weaknesses. These insights are essential for improving future electoral processes.
Benefits of Issue Management in EMS:
Quick Resolution & Reduced Downtime: A robust issue management framework ensures that problems are addressed swiftly, minimizing disruptions during voting and counting phases.
Improved Transparency & Trust: Documenting and resolving issues in a clear, visible manner fosters trust among voters, candidates, and observers.
Resource Efficiency: By automating and streamlining issue tracking, EMS reduces the need for manual intervention, saving time and resources.
Continuous Improvement: Data from issue management in EMS allows authorities to refine electoral procedures and prepare better for future elections.
Regulatory Compliance: Ensuring that all incidents are properly logged and managed helps meet compliance requirements and strengthens the legal defensibility of the electoral process.
Effective issue management is a foundational element of any reliable Election Management System. By embedding advanced capabilities such as real-time reporting, automated tracking, and integration with the EMS incident command system election authorities can proactively address challenges, protect the democratic process, and reinforce public confidence. Investing in structured issue management in EMS not only supports smoother elections but also sets the stage for ongoing improvements in governance and public administration.
Human Resources Management
You don't build a business. You build People and then people build the business. - Zig Ziglar
In today’s dynamic business environment, efficient Human Resource Management is fundamental to driving organizational growth and operational excellence. HR teams manage a broad range of critical functions from recruitment and employee onboarding to shift scheduling, HR payroll, and employee performance tracking. To handle these functions with accuracy and speed, organizations are increasingly investing in intelligent HR system software.
Human Resource Management (HRM) serves as the backbone of modern businesses. It includes core functions such as recruitment, onboarding, employee training, leave management, expense approvals, and payroll processing. By integrating all these operations into one unified platform, advanced HR Software systems ensures smoother workflows, higher productivity, and enhanced employee satisfaction.
Leave Approval System: Efficient leave management is vital for maintaining workforce productivity. Modern HR software systems automate the leave request and approval process, enabling employees to submit requests, managers to approve them, and HR to track leave balances seamlessly and accurately.
Expense Claims Management: Keeping expense claims under control is essential for financial health. A robust HR system software simplifies expense tracking by allowing employees to submit digital claims, streamlining manager approvals, and ensuring timely reimbursements, while maintaining compliance and reducing administrative overhead.
Worker Shift Management: Shift scheduling is particularly complex in industries with round-the-clock operations. HR system software empowers HR managers to plan and assign shifts effortlessly, track attendance, and ensure adequate staffing coverage. This functionality also enhances employee satisfaction by promoting transparency and work-life balance.
Recruitment Software: Hiring the right talent is critical in Human Resource Management. Recruitment tools within HR system software streamline the entire hiring lifecycle from job posting and application tracking to interview coordination ensuring timely and efficient talent acquisition.
Training and Development Software: Continuous learning is a cornerstone of long-term employee growth. With dedicated modules in HR software, HR teams can schedule, monitor, and evaluate training initiatives, ensuring employees stay up to date with evolving industry demands.
Employee Management Software: Effective employee management is central to organizational success. Through comprehensive employee profiles, performance tracking, and engagement tools, HR software systems foster a more motivated and productive workforce.
HR Payroll and Management Systems: Integrated HR payroll systems are essential for accuracy and legal compliance. An end-to-end HR system software automates salary processing, handles tax deductions, manages payslips, and ensures employees are paid on time every time.
As businesses adopt a more data-driven approach, implementing the right Human Resource Management system is no longer optional it’s essential. With many HR software companies offering scalable, customizable solutions, choosing the right system depends on your organization’s needs, integration flexibility, and user experience.
You don't build a business. You build People and then people build the business. - Zig Ziglar
In today’s dynamic business environment, efficient Human Resource Management is fundamental to driving organizational growth and operational excellence. HR teams manage a broad range of critical functions from recruitment and employee onboarding to shift scheduling, HR payroll, and employee performance tracking. To handle these functions with accuracy and speed, organizations are increasingly investing in intelligent HR system software.
Human Resource Management (HRM) serves as the backbone of modern businesses. It includes core functions such as recruitment, onboarding, employee training, leave management, expense approvals, and payroll processing. By integrating all these operations into one unified platform, advanced HR Software systems ensures smoother workflows, higher productivity, and enhanced employee satisfaction.
Leave Approval System: Efficient leave management is vital for maintaining workforce productivity. Modern HR software systems automate the leave request and approval process, enabling employees to submit requests, managers to approve them, and HR to track leave balances seamlessly and accurately.
Expense Claims Management: Keeping expense claims under control is essential for financial health. A robust HR system software simplifies expense tracking by allowing employees to submit digital claims, streamlining manager approvals, and ensuring timely reimbursements, while maintaining compliance and reducing administrative overhead.
Worker Shift Management: Shift scheduling is particularly complex in industries with round-the-clock operations. HR system software empowers HR managers to plan and assign shifts effortlessly, track attendance, and ensure adequate staffing coverage. This functionality also enhances employee satisfaction by promoting transparency and work-life balance.
Recruitment Software: Hiring the right talent is critical in Human Resource Management. Recruitment tools within HR system software streamline the entire hiring lifecycle from job posting and application tracking to interview coordination ensuring timely and efficient talent acquisition.
Training and Development Software: Continuous learning is a cornerstone of long-term employee growth. With dedicated modules in HR software, HR teams can schedule, monitor, and evaluate training initiatives, ensuring employees stay up to date with evolving industry demands.
Employee Management Software: Effective employee management is central to organizational success. Through comprehensive employee profiles, performance tracking, and engagement tools, HR software systems foster a more motivated and productive workforce.
HR Payroll and Management Systems: Integrated HR payroll systems are essential for accuracy and legal compliance. An end-to-end HR system software automates salary processing, handles tax deductions, manages payslips, and ensures employees are paid on time every time.
As businesses adopt a more data-driven approach, implementing the right Human Resource Management system is no longer optional it’s essential. With many HR software companies offering scalable, customizable solutions, choosing the right system depends on your organization’s needs, integration flexibility, and user experience.
How To Use ERPNext Tree View
In this video, we’ll explore how to navigate and manage data using the ERPNext Tree View — a powerful interface that visually represents your ERP tree structure across various modules.
To get started, go to the List View of the relevant Doctype and click the list view button.
From the dropdown, you’ll find several view options — choose the Tree View feature.
The Tree View in ERPNext enables a hierarchical display where you can organize records into groups and nodes. For example, clicking on a group like “Finished Items” reveals all its child nodes.
To add a new node or group, click on the desired parent group and select Add Child.
Provide a name for the new entry. If it’s intended to contain further sub-nodes, simply check the Group Node checkbox before creating it.
Group nodes can contain child nodes, forming a structured and intuitive ERP tree structure.
By selecting any node, you gain access to management options such as Edit, Rename, or Delete.
Please note that a group node can only be deleted once its child nodes are removed.
Clicking Edit allows you to change the Parent Item Group this is how you can easily restructure the hierarchy. You can also turn a regular node into a group by checking the "Is Group" checkbox and clicking Save.
For example, after editing, “Products” may now appear as a group within the “Finished Items” group, giving you a more refined and organized tree view.
Same way in ERPNext Customer group, supplier group, Territory, Chart of Accounts, Cost Centre, Company, warehouse, Quality Procedure, Sales Person, Location, Department and Tasks have tree view enabled. (checkbox and Images)
Please reach out to us in case of any query.
If you need further guidance or have any questions about using the ERPNext tree view, feel free to contact us. We’re here to help you make the most of ERPNext’s powerful features.
In this video, we’ll explore how to navigate and manage data using the ERPNext Tree View — a powerful interface that visually represents your ERP tree structure across various modules.
To get started, go to the List View of the relevant Doctype and click the list view button.
From the dropdown, you’ll find several view options — choose the Tree View feature.
The Tree View in ERPNext enables a hierarchical display where you can organize records into groups and nodes. For example, clicking on a group like “Finished Items” reveals all its child nodes.
To add a new node or group, click on the desired parent group and select Add Child.
Provide a name for the new entry. If it’s intended to contain further sub-nodes, simply check the Group Node checkbox before creating it.
Group nodes can contain child nodes, forming a structured and intuitive ERP tree structure.
By selecting any node, you gain access to management options such as Edit, Rename, or Delete.
Please note that a group node can only be deleted once its child nodes are removed.
Clicking Edit allows you to change the Parent Item Group this is how you can easily restructure the hierarchy. You can also turn a regular node into a group by checking the "Is Group" checkbox and clicking Save.
For example, after editing, “Products” may now appear as a group within the “Finished Items” group, giving you a more refined and organized tree view.
Same way in ERPNext Customer group, supplier group, Territory, Chart of Accounts, Cost Centre, Company, warehouse, Quality Procedure, Sales Person, Location, Department and Tasks have tree view enabled. (checkbox and Images)
Please reach out to us in case of any query.
If you need further guidance or have any questions about using the ERPNext tree view, feel free to contact us. We’re here to help you make the most of ERPNext’s powerful features.
How to create System User and Employees in ERPNext
In this video we will learn How to use Forward Contract in ERPNext:
- To begin, go to the Forward Contract List and click on Add Forward Contract.
- Fill in all necessary details such as Booking Reference Number, Contract Amount, Current Rate, Margin, Premium, Booking Rate, and Bank details.
- Choose the Maturity Date and specify the Maturity To party (such as a supplier or customer).
- Click Save and Submit the form to finalize the contract setup.
- forward contract can use through payment entry.
- Go to the Payment Entry list and click on New.
- Select the Party Type and the respective Customer/Supplier.
- Define the Paid From and Paid To accounts (typically a Bank or Cash Account).
- In the Forward Utilization table, select the applicable Forward Contract and enter the Amount Utilized.
- Enter the Amount Paid.
- Enter the Cheque Number and date if bank transfer.
- Click Save and then Submit to complete the transaction.
- to cancel the forward contract
- Navigate back to the Forward Contract List and open the relevant contract.
- In the Cancellation Section, enter the Cancellation Date, Amount, Cancellation Rate, and the Bank.
- Click Add Cancellation Details, then hit Update.
- This action will trigger an automatic Journal Entry for the exchange gain/loss posting, which is visible to the linked System User and related Employee roles with appropriate permissions.
- Please do like & Subscribe to our channel for more tutorials like this!
In this video we will learn How to use Forward Contract in ERPNext:
- To begin, go to the Forward Contract List and click on Add Forward Contract.
- Fill in all necessary details such as Booking Reference Number, Contract Amount, Current Rate, Margin, Premium, Booking Rate, and Bank details.
- Choose the Maturity Date and specify the Maturity To party (such as a supplier or customer).
- Click Save and Submit the form to finalize the contract setup.
- forward contract can use through payment entry.
- Go to the Payment Entry list and click on New.
- Select the Party Type and the respective Customer/Supplier.
- Define the Paid From and Paid To accounts (typically a Bank or Cash Account).
- In the Forward Utilization table, select the applicable Forward Contract and enter the Amount Utilized.
- Enter the Amount Paid.
- Enter the Cheque Number and date if bank transfer.
- Click Save and then Submit to complete the transaction.
- to cancel the forward contract
- Navigate back to the Forward Contract List and open the relevant contract.
- In the Cancellation Section, enter the Cancellation Date, Amount, Cancellation Rate, and the Bank.
- Click Add Cancellation Details, then hit Update.
- This action will trigger an automatic Journal Entry for the exchange gain/loss posting, which is visible to the linked System User and related Employee roles with appropriate permissions.
- Please do like & Subscribe to our channel for more tutorials like this!