H HYFECTA

Accounts

Accounts

Invoices, bills, expenses, bank and reports.

Correct record

An offsetting journal will be posted. The original record stays visible. This does not send or refund money.

Create credit note

Amounts to credit

Enter net amounts against the original items; leave an item blank to exclude it.

More about this

Tax is calculated from the original invoice. Credits cannot exceed the unpaid balance in this version.

Record payment

Document details

DescriptionAccountQuantityNet priceNet totalVAT

Receipts

Record a payment or receipt

Choose a posted invoice or bill with an amount outstanding. The date, amount and bank account come next.

Create an entry from the statement

Posts a journal for the statement amount, on the statement date.

More about this

The journal is between the bank account and the account chosen. If it is wrong, use Undo entry on the statement line.

Edit account

Edit contact

Fields marked * are required.

More about terms and currency

New invoices and bills for this contact are due this many days after the document date (you can change the due date on each one). The currency is for reference only: documents created here are in the company currency.

The address, country and tax number appear on invoice and credit note PDFs. Posted documents are not changed; new PDFs use the updated details.

Email document

Sent history

DateToSubjectStatus

The PDF is attached to the email. Sending does not change the ledger.

Reverse journal

The original entry stays in the ledger. A new entry will offset it.

New intercompany invoice

Creates a linked pair of drafts: the India company’s export invoice to the UK company, in pounds, and the UK company’s supplier bill. Nothing is posted, sent or paid until you post and settle the pair.

More about this

GST invoice numbers have at most 16 characters and must be unique in the financial year. SAC 998222 covers accounting and bookkeeping services. With the rate table, the GBP to INR rate for the invoice date (or the latest earlier rate within 7 days) is used. Creating the pair needs the India GST profile (with an LUT covering the invoice date for an export under LUT) and, for the reverse charge, the UK VAT status, both in Company Management › the company › Registrations.

Settle intercompany invoice

Records the UK company’s payment in pounds and the India company’s receipt at the rupees actually credited by the bank, after its charges and conversion. Nothing is paid by Hyfecta.

Cancel intercompany invoice

Enter a rate

Import rates

One rate per row with the columns date,from,to,rate,source, for example 2026-09-30,GBP,INR,112.345600,RBI reference rate. A header row is allowed.

Switch on automatic rates

Load the ECB’s history

Loads every published day from a date you choose (back to 4 January 1999) up to the last 90 days, once. The file can be large.