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The LedgerSMB development team is very proud to release LedgerSMB

This release continues our strong commitment to security, data

integrity, and and robustness, introducing improved functionality in

many core areas, and adding new features that many businesses will

find necessary.

This is the most significant release to date in many ways. It is the

most secure release, and it performs the best under heavy load. At

the same time, it also provides the most features that many businesses

rely on heavily. This means that LedgerSMB is suitable for a

much larger businesses and installations than previous versions.

LedgerSMB is far more secure than previous versions. This

version brings the a number of important new features in this regard

including:

* Fully enforced permissions

* Password expiry

* Modular password authentication using any method PostgreSQL can support

* Separation of duties provides additional protection against fraud

and data entry error

Many areas of core functionality have been rewritten in order to

improve them dramatically. These include significant performance

gains as well as added functionality. For example:

* Reconciliation display is far improved, and has a system for

processing incoming files describing lists of checks.

* Payment and Receipt processing is far more powerful, and performs better.

* Customers can now also be vendors, and vice versa, and multiple

addresses, bank accounts, etc. can be tied to either.

At the same time, we have not stopped adding new features. These

include among others:

* One can attach files to any financial transaction, order, or part

* Batch processing of AR/AP/GL transactions, as well as payments and receipts

* Fixed assets management and depreciation

At the same time, this is truly a major upgrade. The templating

system has been completely redesigned , so customized templates may

need to be rewritten, and users cannot be migrated seamlessly.

However, these are areas of one-time effort, and x will be

continued to be supported for some time, to give folks a chance to

migrate slowly.

For those starting new installations, we highly recommend starting out

with For those on existing installations, we recommend

making a practice run on a copy of your data before you start.

LedgerSMB has the following known issues. If you need this

functionality, please hold off until when we expect these issues to

be resolved:

* Language selection for printed invoices is not working. We expect to

have this fixed for

* Timecard entry currently throws errors when timecards are saved.

We expect this to be fixed for

* There is an issue with the current RPM dependencies which we are

currently working out. RPM's forthcoming but maybe not for a couple of

releases.

The complete changelog section for is:

Changelog for LedgerSMB

Security:

* Security is now robustly enforced on the db level (Chris T and Josh D)

* New user interface to manage users (Chris T and Aurynn)

Separation of Duties:

* Separate permissions for entry and posting to the books.

* Voucher/Batch system (Chris T)

* Draft system for unapproved transactions (Chris T)

* Reconciliation is now subject to separation of duties (Chris T and Aurynn)

End of Year:

* Close books and end of year transactions at once (Chris T and Aurynn)

* Cannot close books where unapproved transactions are before yearend(Chris T)

* Yearend/closed books now creates balance checkpoints for better performance

(Chris T and Aurynn)

* The prohibition against entering transactions into closed period enforced

on a database level.

General Ledger/Journal:

* GL reports filter by account (Chris T)

* GL reports account is ajax-style autocomplete (John W)

* Journal Entry screen now uses AJAX-style autocomplete for accounts (Chris T)

* GL reference now populated by default in the initial screen (Chris T).

* Files can be attached to financial transactions (Chris T)

AR/AP:

* Files can be attached to AR/AP transactions (Chris T)

* Project numbers can be displayed on AR/AP transactions report (Chris T)

Reconciliation:

* Reconciliation is on new codebase!

* Redesigned workflow (Chris T and Aurynn)

* Optimized for high volumes ( transactions or more per run, Chris T)

* Plug in model for bank import scripts (Chris T and Aurynn)

Payments:

* Payments are on new codebase!

* Redesigned bulk payment workflow/UI (Chris T)

* Bulk payment optimizations for high volumes ( invoices per run, Chris T)

* Redesigned single payment workfow/UI (David M)

Contact Handling:

* Contacts are now on new code base!

* Customers/Vendors Now Can Be Tracked Together (Josh D, Chris T, Aurynn)

* Multiple addresses and contact info stored per account (Josh D and Chris T)

* Multiple read-only notes per account (Josh D, Chris T, and Lacey P)

* Multiple bank accounts per customer/vendor account (Josh D and Chris T)

* Track or equiv. forms for customers/vendors (Chris T and John W)

Invoicing:

* Can now set sales tax amounts and rates per invoice if necessary (Chris T).

* Files can be attached to invoices (Chris T)

* Invoices can be placed on hold (Chris T)

Fixed Assets:

* New Feature!

* Group assets into classes to depreciate together (Chris T)

* Depreciate assets using straight-line depreciation (Chris T)

* Plugin model for time- or production-based depreciation methods (Chris T)

* Dispose of assets full and partial disposal supported (Chris T)

* Net Book Value Report (Chris T)

Development:

* New API structure for new code (Entire Team)

* Better error handling/display (Jason and Chris T)

* Errors logged to httpd error log (Chris T)

* Cleaned up file structure for charts of accounts (Chris T)

* New UI and template system using TT (Seneca)

* manicapital.com deprecated. New Object Oriented and data-driven model (Chris T)

* Added manicapital.com (Jeff K)

* Stored procedure-based ORM for data model encapsulation in db (Chris T)

* Many small forms moved to templates (Seneca)

* Greatly expanded test cases (Chris T and Seneca)

Misc:

* Timecard lists project descriptions as well as numbers (Chris T)

* Invoices can now be put on hold (Aurynn)

* New CLI database creation routines (Erik H)

* New web-based db creation routines (Sadashiva A)

Database:

* Redesigned database schema for contacts (Josh D)

* Redesigned database schema for chart of accounts (Chris T)

* Redesigned database schema for reconciliation (Aurynn and Chris T)

* Redesigned database schema for payments (David M)

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