CustomBooks™ Release Notes | Labrador 2025.10.23

Improvements

Cloud Banking

1. The deduplication tool now shows the status of the suggested duplicate, to aid in evaluating the transaction.
   
   
   
   
2. If files uploaded into the import wizard contain formatting errors, the needed edits are now called out more clearly for the user to correct.
   
3. To provide greater automation and time savings, Categorization Rules now have an optional criteria for Amount. The Amount can be specified as less than, greater than, or equal to a value and can be combined with existing criteria such as bank description.
   
   
   

Data Import Wizard

1. When matching to existing Items, the Item Code is required, but the Item Description is no longer required. The Item Description will populate automatically from the unique Item Code.

Cloud Payroll

1. Cloud Payroll users: Gusto’s Terms of Service were recently updated and thus all users will be asked to agree to them again.

Cash Basis

1. Upgraded cash basis users: an issue was identified and corrected in the accounting records.
   
1. ​Issue Correction: If a Journal Entry with a debit to Accounts Payable is applied to an open Bill via Apply Vendor Credits, the accounting was posting to Exchange Gain/Loss and is now corrected.
   
2. Recommendation: It is recommended to review and re-post any Apply Vendor Credits documents in this workflow.
   
3. ​Note: The intended way to pay a bill is via the Bill Payment document and not via Journal Entry. More information on Bill Payments can be found in this Knowledge Base article.
   

1099s

1. Gearing up for the 2025 filings of 1099s, the Excess Golden Parachute 1099-MISC box 14 is moved to NEC Box 3 for the 2025 tax year.

Documents

1. G/L Accounts can now be created from within the document being worked on. As with other fields, select the '+(create item)' to add a new G/L Account in the open document.