Opera 3 Release 2.73.00

Version

2.73.00

Released

Sep 20

Summary

The Costing application is now available in Opera 3 SQL Server Edition (SE). Also included in this release are a new set of standard and Excel furlough report designs to handle the changes introduced by HMRC to the Coronavirus Job Retention Scheme Assistance (CJRS) from July onwards as well as general maintenance.

Costing

The Costing application in Opera 3 SE allows you to track job costs and revenues against budgets, breaking costs down even further against a variety of categories including Labour, Contractor, Direct Expense, Stock and Interim Billing. Jobs can be grouped under contract headings and costs can be posted and recorded against job phases, therefore ensuring you are always in complete control of your costs. Timesheets raised for work on jobs can easily be recorded and transferred to Payroll for further processing.

The Costing application can be fully integrated with other Opera 3 SE applications such as Sales, Purchase, Invoicing/SOP, POP and Stock Processing ensuring fast and accurate information is always available. Also, with an extensive range of features available it provides a highly flexible and extendable solution to businesses who have simple or complex Costing requirements to satisfy.

Payroll – Coronavirus Job Retention Scheme Assistance Reports (CJRS) v2

A new set of standard and Excel furlough report designs to handle the changes introduced by HMRC to the CJRS from July onwards are included in this release.

What are the key legislative changes HMRC have introduced?

In July

• For July, EEs can be flexibly furloughed (i.e. an EE can return to work on a part-time basis, with furlough being payable for their non-working hours).

• In July the ER can still claim the furlough pay of 80% (up to max. of £2,500 per month) and claim the associated ERs NICs and minimum pension contributions.

In August

• For August onwards, whilst the ER can still claim the furlough pay of 80% (up to max. of £2,500 per month) the ER can no longer claim the associated ERs NICs nor minimum pension contributions i.e. the ER must start paying those themselves.

In September

• For September onwards the ER must start contributing towards the cost of the wages for furloughed EEs.

• In September, whilst the EE themselves must still be paid 80% of their usual pay, HMRC will only fund 70% of that pay; the ER must pay (fund) the remaining 10%, as well as the ER having to pay all the associated ERs NICs and minimum pension contributions for all of the furlough pay (i.e. not just on the 10% portion the ER now has to pay).

• For September, the maximum furlough pay reduces from £2,500 per month to £2,187.50.

In October

• In October, whilst the EE themselves must still be paid 80% of their usual pay, HMRC will only fund 60% of that pay; the ER must pay (fund) the remaining 20%, as well as the ER having to pay all the associated ERs NICs and minimum pension contributions too for all of the furlough pay.

• For October, the maximum furlough pay reduces from £2,187.50 per month to £1,875.

These new reports were previously made available in July under KB2141420 (Opera 3 VFP & SQL) and KB2141435 (Opera 3 SQL Server Edition).

General maintenance

This release also includes some general maintenance.

For a full list of corrected defects for this release please go to the Infor Support Portal - https://www.inforxtreme.com/allogin/allogin.aspx.

Environmental Notes

Microsoft’s semi-annual update of Office 365 (1908) was used during the test cycle for this release.