Skynet Tech Update - KW 25

Skynet Tech Update - KW 25

This week, we've once again fixed a few bugs and added new features to make the system safer for you, step by step.

🌟 New Features:

‍Breakdown of credits by year: 

This new feature has just been implemented, so there may still be some issues. In the financial overview, you can now see whether there are credits for multiple years.

The problem: It can happen that credit notes or invoices span over multiple years.

An invoice spanning across two different fiscal or calendar years creates a "problem" primarily because of accrual accounting principles and tax compliance.

In professional accounting, the goal is to match revenue and expenses to the specific period in which they were earned or incurred, regardless of when the cash actually changes hands.

1. The Matching Principle

Under standard accounting rules (GAAP or IFRS), businesses must record expenses in the period they were incurred to provide an accurate picture of financial health.

The Problem: If you receive a bill in December for services that cover December and January, recording the entire cost in December inflates your expenses for that year and understates them for the next. This distorts your profit margins and performance metrics for both years.

2. Tax Implications

Tax authorities (such as the IRS in the US or Finanzamt in Germany) require businesses to report income and deductions for specific tax years.

The Problem: Claiming a full deduction in the wrong year can lead to an audit or penalties. If you are a service provider, reporting revenue for work you haven't finished yet (due to the invoice spanning years) can lead to you paying taxes on money before it has been properly "earned" under tax law.

3. Budgeting and Forecasting

Most organizations operate on annual budgets.

The Problem: When an invoice crosses the year-end, it effectively "steals" budget capacity from the following year. This makes it difficult for department heads to track if they are staying within their allocated spending limits for the current budget cycle.

SKYNET will now separate your Accounting documents into a single year and cut off at 31. of December each year.

🛠️ BUGS:

‍Translation from popup not possible:

A translation error has been fixed.

‍ Duplicates on clients: 

​​A pricing duplication issue caused duplicate transactions in our client’s accounts. That should be fixed now. The duplicates are rejected.

‍[AWIN Import] Campaign import doesn't work: 

There were campaigns that could not be imported manually. This was because the campaign information was not stored in AWIN.

We've also fixed a few bugs related to the import from our partner network, CJ, which our team is currently testing.

If you find any bugs or have anything to ad please reach out to us <3

‍

Thanks

Nils, Jishnu, Ramses & Daniel