What's New in ERPNext v15.29.3: Features and Enhancements

We are excited to announce the release of ERPNext v15.29.3! This latest version comes with a host of new features and enhancements designed to make your business operations smoother and more efficient. Here’s a detailed look at what’s new in this release:

Key Features and Updates:

1. Account Closing Balance Doctype:
2. A new doctype introduced to enhance the performance of calculating opening balances and account balances.
3. This reduces the processing time for trial balance reports significantly, making it faster and more efficient.

1. Advance Payments Management:
2. Simplifies handling advance payments by allowing them to be booked in separate party accounts.
3. Ensures better financial reporting by treating advances as negative assets and liabilities.

1. Financial Reporting Enhancements:
2. Introduction of the Financial Ratios Report to provide insights into liquidity, solvency, and turnover.
3. Updates to account types for more accurate financial analysis.

1. Background Payment Reconciliation:
2. New feature to reconcile payments in the background, preventing timeouts with large datasets.
3. Includes new doctypes for seamless processing and configuration options in Accounts Settings.

1. Editable Sales and Purchase Invoices:
2. Allows users to edit certain details on invoices without canceling and regenerating them.
3. Simplifies the invoicing process by enabling modifications to fields like account heads and cost centers post-submission.

1. Automated Invoice Generation for Subscriptions:
2. Enhanced process document for handling future-dated subscription scenarios.
3. Flexible options for generating invoices at different points in the subscription period.

1. Inventory Module Improvements:
2. Introduction of a Multi-level BOM Creator for easier creation of Bills of Materials.
3. Stock Reservation against Sales Order to ensure material availability.
4. Improved management of serial and batch numbers with a more user-friendly interface.

1. Asset Management Enhancements:
2. Daily Asset Depreciation option for fair distribution of depreciation over varying months.
3. Separation of depreciation schedules from assets for more flexible asset management.

1. India Compliance App:
2. A dedicated app for compliance with Indian regulations, available on Frappe Marketplace.

These updates ensure that ERPNext continues to be a powerful and versatile ERP solution, capable of meeting the diverse needs of businesses. With these enhancements, users can enjoy a more efficient, accurate, and user-friendly experience.

For a full list of changes and more detailed information, you can visit the ERPNext GitHub release page.