Release Notes for AICOUNTLY Smart Books Version 1.1
15 Jun 2026
Smart Books Version 1.1 delivers major accounting workflow improvements — fiscal year-wise balances, bill-by-bill tracking, cost centre allocation, and a restructured books engine — along with UI refinements and critical bug fixes.
Major Changes
Books Rewrite & Account Balances
- Implemented the ability to rewrite books with updated account balance logic.
- Introduced a new table for maintaining account balances in a fiscal year-wise manner.
- Database restructuring to support accurate FY-wise balance reporting.
Company & Chart of Accounts
- Updated functionality to accommodate new company codes.
- Linked all company account group parent IDs from the universal database.
Cost Centre on Purchases
- Apply cost centres to Purchase Vouchers for better expense distribution insights.
- Extended cost centre support to Purchase Return (Debit Note) transactions.
Bill-by-Bill on Sale & Purchase
- Sale and Purchase Vouchers now support Bill-by-Bill tracking for granular receivable and payable control.
Minor Changes
Account Balance Validation
- System to check and correct all account balances.
- Batch script introduced for live balance correction rollout.
Journal Voucher Modifications
- Journal vouchers can now be booked with or without line items.
Tabs Behavior Enhancement
- Tabs open and maintain separate pages as intended.
- Auto-refresh on tab addition and closure for accurate active-tab display.
- Auto-selects new tabs and the nearest available tab upon closure.
Bug Fixes
Super Admin Database
- Resolved SQL error affecting the Super Admin Database.
Physical Verification Voucher
- Fixed SQL error when book stock equaled physical stock in Physical Verification Voucher.