ForwardAI is excited to announce the release of the powerful Precise API V2. We have fully deprecated the V1 to move on to a more robust, tested, and faster API that supports our partners to empower them with better data. The details of the changes we have made to the Precise API V2 are extensive and outlined below.

The support for the Precise API V1 will end on November 30th, 2022. Users should make the switch to V2 as soon as possible to ensure a smooth transition.

Data Types

The following data types have new supported values:

Data Type Name	Supported Values
Address	BILLING, SHIPPING, PRIMARY, UNKNOWN
Phone Number	DEFAULT, FAX, MOBILE, OFFICE
Payment Line Item	BILL, INVOICE

 

Raw Data

The following raw data has been changed:

Invoices

Attribute	Comments	Changed Values
type	removed	n/a
account	removed	n/a
payment.description	removed	n/a
description	renamed	memo
payment	renamed	payments
payment.paidDate	renamed	payments.date
paidStatus	Change in supported values	PAID, UNPAID, PARTIALLY_PAID
status	Change in supported values	DRAFT, APPROVED, VOID

 

Bills

Attribute	Comments	Changed Values
type	removed	n/a
account	removed	n/a
description	renamed	memo
paidStatus	Change in supported values	PAID, UNPAID, PARTIALLY_PAID
status	Change in supported values	DRAFT, APPROVED, VOID

 

Customers

Attribute	Comments	Changed Values
isCustomer	removed	n/a
isVendor	removed	n/a
isEmployee	removed	n/a

 

Vendors

Attribute	Comments	Changed Values
isCustomer	removed	n/a
isVendor	removed	n/a
isEmployee	removed	n/a

 

Employees

Attribute	Comments	Changed Values
isCustomer	removed	n/a
isVendor	removed	n/a
isEmployee	removed	n/a

 

Journal Entries (The following attributes are from the erstwhile Journals)

Note: Journals has been removed and replaced by Journal Entries

Attribute	Comments	Changed Values
journalDate	removed	n/a
transactionId	removed	n/a
transactionType	removed	n/a
number	renamed	data.refNumber
transactionType	value updated (UPPERCASE)	JOURNAL_ENTRY

 

Credit Notes

Attribute	Comments	Changed Values
allocations	added	n/a
transactionType	removed	n/a
paidAmount	removed	n/a
paidDate	removed	n/a
active	removed	n/a
lines	renamed	lineItems
description	renamed	memo
number	renamed	refNumber

 

Debit Notes

Attribute	Comments	Changed Values
allocations	added	n/a
transactionType	removed	n/a
paidAmount	removed	n/a
paidDate	removed	n/a
active	removed	n/a
lines	renamed	lineItems
description	renamed	memo
number	renamed	refNumber

 

Invoice Payments

Attribute	Comments	Changed Values
amount	added	n/a
data.lines.bankAccount	moved	data.account
data.lines.refNumber	moved	data.refNumber
data.contact	moved	data.lines.contact
paymentId	renamed	id
paidDate	renamed	date
description	renamed	memo
lines.transactionId	renamed	lines.id
lines.transactionType	renamed	lines.type
lines.amount	renamed	lines.lineAmount

 

Bill Payments

Attribute	Comments	Changed Values
amount	added	n/a
lines.bankAccount	moved	account
lines.refNumber	moved	refNumber
contact	moved	lines.contact
paymentId	renamed	id
paidDate	renamed	date
description	renamed	memo
lines.transactionId	renamed	lines.id
lines.transactionType	renamed	lines.type
lines.amount	renamed	lines.lineAmount

 

Items

Attribute	Comments	Changed Values
status	added	n/a

 

Purchase Orders

Attribute	Comments	Changed Values
currency	added	n/a
exchangeRate	added	n/a
totalTax	added	n/a
status	removed	n/a
description	renamed	memo
lineItem	renamed	lineItems

 

Taxes

Attribute	Comments	Changed Values
component	renamed	components

 

In addition, changes have been made to the following:

• Payments has been removed. (Replaced by “Invoice Payments” and “Bill Payments”)

 

KPIS

• KPI section (under accounting attributes) has been removed entirely.

 

Ratios

The following ratios have been changed:

Activity ratios

Ratio name	Changes
Asset Turnover Ratio	removed
Capital Turnover Ratio	removed
Fixed Asset Ratio	removed
Total Liability to Total Assets	removed
Sales Asset Ratio	removed

 

Early Warning Indicators

Ratio name	Changes
Cash and Bank Balance	removed
Altman Z Score	removed

 

Liquidity Ratios

Ratio name	Changes
Cash Ratio	removed
Quick Ratio	removed

 

Profitability Ratios

Ratio name	Changes
Gross Profit Margin	removed
Net Profit Margin	removed
Net Operating Profit Ratio	removed
Sales Vs COGS	removed
Operating Expense Ratio	removed
Operating CashFlow Ratio	removed
Expense Ratio	removed
Expense to Sales Ratio	removed

 

In addition, changes have been made to the following:

• Leverage Ratios has been removed entirely
• Earning Ratios has been removed entirely

 

Reports

The following reports have been changed:

Profit & Loss

Attribute	Comments	Changed Values
cogs	renamed	costOfGoodsSold

 

Trial Balance

Attribute	Comments	Changed Values
total	removed	n/a

 

General Ledger

Attribute	Comments	Changed Values
transactionType	renamed	type
description	renamed	memo

 

In addition, changes have been made to the following:

• Customer Aging has been removed and replaced by Accounts Payable
• Vendor Aging has been removed and replaced by Accounts Receivable
• Download PDF Report have been removed for the following
  • Profit & Loss
  • Trial Balance
  • Accounts Receivable Aging
  • Accounts Payable Aging
• Journal report has been removed

 

Derived Data

The following derived data has been changed:

Recurring Income

Attribute	Changes
Income Overview	removed
Income Contributing Heads	removed
Direct/Indirect Income Trend	removed
Top Customer	removed
Income Trend	removed

 

Recurring Expense

Attribute	Changes
Expense Overview	removed
Expense Contributing Heads	removed
Direct/Indirect Expense Trend	removed
Top Vendor	removed
Expense Trend	removed

 

In addition, changes have been made to the following:

• Income has been removed and replaced by Recurring Income
• Expense has been removed and replaced by Recurring Expense
• Assets has been removed entirely
• Liabilities has been removed entirely
• Equity has been removed entirely

 

Cash Flow

The Section Cash Flow has been renamed to Short-Term Cash Flow. Changes have been made to the following:

Short-Term Cash Flow

Attribute	Changes
Top Contributing Transactions	removed entirely
Top Consuming Transactions	removed entirely
Long Term Cash Flow	removed entirely

 

 

Banking

The following has been changed:

Banking

Attribute	Changes
Bank Account	removed entirely
Bank Transactions	removed entirely
Current Balance	removed entirely
Banking Analysis	removed entirely

 

For more information, please contact support@forwardai.com or your account representative.