Latest Product Release

Learn more about the Summer '22 product release from Accounting Seed.

Summer ’22 Release

Accounting Seed is delighted to inform you of our Summer ’22 release. Take a sneak peek at the new features and enhancements coming to your sandbox. The Summer ’22 release focuses on a redesigned Foreign Currency Translation functionality as well as more enhanced features in these areas:

Read more about our new Summer ’22 features below, and be sure to check our blog for any new developments or insights from Accounting Seed.

What’s New in the Summer ’22 Release

Foreign Currency Translation

The Summer ’22 release includes Foreign Currency Translation capabilities. Highlights of Foreign Currency Translation include:

Revenues

Amortize Revenue for a Billing

In addition to the Straight Line – Full Month and Straight Line – Daily Amortization methods that were already in our Amortization wizard with the previous release, the Summer ’22 release includes Straight Line – Prorated Monthly for amortizing revenue amounts.

System Business Rules

As part of the Amortization changes, the System Business Rules have been updated to include the following: the Debit and Credit GL Account fields in the Amortization section of the Default GL Accounts screen cannot be set to:

  • Currency Gain/Loss GL Account
  • CTA (Cumulative Translation Adjustment) GL Account
  • Retained Earnings GL Account

Create a Billing from an Opportunity

On the Enablements page, a new section has been added called “Default Billing Date from an Opportunity.” In this section, if the “Set Billing Date to Current Date” Swipe button is turned “On,” the Billing Date and Date on the Billing Line(s) will display today’s date when a Billing is created from an Opportunity. If the setting is left “Off,” which is the default, the dates will be the same as the Close Date on the Opportunity.

    Expenses

    Amortize Expense for a Payable

    In addition to the Straight Line – Full Month and Straight Line – Daily Amortization methods that were already in our Amortization wizard with the previous release, the Summer ’22 release includes Straight Line – Prorated Monthly for amortizing revenue amounts.

    Financial Reports

    Financial Reports – Standard Reports

    In the Summer ’22 release, you are now able to view consolidated results across GL Accounting Variables.

    Financial Reports – Salesforce Flow

    The ability for a System Administrator to declaratively leverage the same reports that are accessible in our Financial Reporter using Salesforce Flow is available with the Summer ’22 release. Supported reports include the following:

     

    • Profit and Loss
    • Profit and Loss versus Budget
    • Balance Sheet
    • Trial Balance
    • Cash Flow
    • Custom

    Accounting Seed’s Features

    Modernize your accounting processes and embrace the unique way you do business with Accounting Seed’s core accounting features.

    Transform Your Business Now

    To request a demo, please provide the following information and one of our team members will get in touch with you ASAP. We aim to be back in contact with you within 2 hours but no later than the next business day. You can also contact one of our account executives at 410-995-8406.

    When you use Accounting Seed, the essential rules of accounting remain the same—what’s different is how Accounting Seed allows you to run your business your way. It’s not rigid or siloed—it’s automated, flexible, customizable, and connected.

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