On 19 February 2026, Sleek Bill Online rolled out a powerful new update packed with smarter Advance Payment Settlement, brand-new Outstanding & Receivable Reports, and stronger security upgrades to keep your business data protected.

Pune, India — Sleek Bill, a leading GST-compliant billing and invoicing platform, today announced a significant update to Sleek Bill Online featuring new advance payment visibility and settlement workflows, four new accounting receivable/outstanding reports, inventory reporting improvements, and strengthened account security controls.

This release is designed to help businesses, accountants, and operations teams improve cash-flow tracking, vendor/client reconciliations, and day-to-day accuracy across sales, purchase, and inventory functions.

Key Highlights of the 19 February 2026 Update

1) Advance Payments: Better visibility and smoother adjustment

Sleek Bill Online now supports:
• Showing Advance Payments directly in Proforma Invoices and Purchase Orders, improving transparency before final billing.
• Settling Advance Payments while generating Invoices and Purchase Bills, enabling faster adjustments and cleaner payment accounting.
2) New Accounting Reports for stronger payment control
To support improved financial oversight and follow-up, Sleek Bill Online adds four new reports:
• Client Outstanding Payment
• Vendor Outstanding Payment
• Invoices Receivable
• Bills Receivable
These reports are aimed at helping teams track pending collections and payables more effectively, reduce missed follow-ups, and strengthen financial decision-making.
3) Inventory improvements for accurate opening stock tracking
Inventory and item-level accuracy have been enhanced with:
• “Opening Quantity” added to the “Item Stock Ledger” report
• Improvements in the Item “Opening Quantity” field, supporting more reliable opening stock maintenance and valuation workflows.

4) Access control and security enhancements
This update also brings important operational and security improvements:

• “Expenses” access enabled for Vendor users, improving day-to-day expense entry and tracking for relevant roles.
• After 3 incorrect password attempts, the account automatically locks — keeping unauthorized users out.
• Controlled limits on Forgot Password & Email Confirmation requests — stopping repeated misuse and keeping the platform smooth and secure.

Availability
The update is now live for all Sleek Bill Online users as of 19 February 2026. Users can access the new features by logging in to their Sleek Bill Online account.

About Sleek Bill
Sleek Bill is a powerful GST-ready billing solution designed for Indian businesses. Create invoices in seconds, manage purchases effortlessly, track inventory accurately, and get clear accounting insights — all through one simple, smooth workflow. 🚀

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