ERPNext continues to evolve as one of the most flexible, open-source ERP systems in the world. With the release of ERPNext v16, businesses get powerful upgrades in finance, manufacturing, supply chain, subcontracting, POS, and reporting.
At Indictrans Technologies, we work closely with ERPNext every day, and this release brings some of the most practical enhancements businesses have been waiting for.
Here’s a complete guide to everything new in ERPNext v16, explained simply and aligned to business impact.
1. Customizable Templates for Financial Statements
Financial teams can now design fully customized financial reports without depending on developers.
What’s improved?
- Tailored layouts for Profit & Loss, Balance Sheet, and Cash Flow
- Department-wise templates
- Multi-company formatting
- Clean, audit-ready presentation
Business benefit:
Better clarity, easier audits, and reports aligned to your business structure.
2. Inward Subcontracting Made Simpler
ERPNext v16 introduces a more controlled way to manage vendor processing workflows.
New enhancements
- Track inward materials more accurately
- Maintain clear visibility over subcontracting stock
- Improve costing accuracy for vendor-managed operations
This is especially useful for manufacturing and textile industries that outsource part of their production.
3. MRP Enhancements for Better Production Planning
Material Requirements Planning gets smarter and more accurate.
Key improvements
- More accurate material forecasting
- Better planning for multi-level BOMs
- Reduced risk of stockouts or overstocking
Impact:
Stronger production schedules, less waste, and improved on-time delivery.
4. Consolidated Trial Balance (Multi-Company)
For companies handling multiple subsidiaries, consolidation becomes seamless.
What’s new?
- Unified trial balance for all child companies
- Real-time financial view
- Accurate multi-company reporting
This eliminates the need for manual merging and ensures CFOs have a single source of truth.
5. Improved Default Print Formats
ERPNext v16 brings more polished, professional, and industry-ready print templates.
Enhancements include:
- Cleaner layouts
- Better spacing & alignment
- More configurable sections
- Faster rendering
Your invoices, quotations, and purchase orders now appear more professionally branded.
6. Faster Accounting Reports
ERPNext v16 improves backend performance for heavy financial reports.
Benefits
- Faster General Ledger
- Quick P&L and Balance Sheet loads
- Smooth drill-down experience
- Better performance for large datasets
Ideal for companies with high transaction volumes.
7. Serial & Batch Traceability Report
A major boost for industries where traceability is critical.
New capabilities
- End-to-end tracking of serial and batch items
- Full movement history
- Clear view of manufacturing → warehouse → customer
Industries like pharma, chemicals, and food processing benefit the most.
8. Landed Cost for Stock Entries & Subcontracting Receipts
Now, in ERPNext inventory management features, the 2025 landed cost can be applied not only to purchase receipts but also to:
- Stock entries
- Subcontracting receipts
This gives a more accurate view of material valuation and product costing.
9. Stock Reservation for Subcontracting & Production Orders
No more stock confusion or last-minute shortages.
What’s enhanced?
- Reserve raw materials for subcontracting
- Reserve items for production
- Prevent accidental consumption
- Reduce planning errors
Better control, better planning.
10. Track Semi-Finished Goods via Job Cards
Production teams can now monitor WIP (Work In Progress) more efficiently.
Highlights
- Track semi-finished output on each job card
- Better visibility of progress at each workstation
- More accurate costing of multi-stage production
This is a major upgrade for discrete manufacturers.
11. POS Improvements
Retail and billing teams get smoother, faster operations with:
- Better UI responsiveness
- More stable offline mode
- Faster search & item selection
- Cleaner receipt printing
Ideal for retail, restaurants, and front-desk operations.
12. Enhanced Budgeting
Budgeting becomes more flexible and usable.
New additions
- More granular budget controls
- Real-time variance monitoring
- Better integration with cost centers and projects
This strengthens financial discipline across departments.
13. Asset Module Refactoring
The asset module has been completely improved for clarity and performance.
What’s new?
- Cleaner depreciation logic
- Easier asset creation
- Better asset lifecycle tracking
- Improved asset movement & disposal
A must-have upgrade for asset-heavy companies.
14. Refactored TDS (Tax Deducted at Source)
The TDS workflow is now simplified and automated.
Enhancements include
- Better compliance
- Cleaner ledger entries
- More accurate TDS calculations
- Easy adjustments and returns
Perfect for Indian businesses managing vendor TDS.
15. Stock Accounting by Item or Item Group
ERPNext v16 lets you control how item valuation is calculated.
Options available
- Stock accounting based on Item
- Stock accounting based on Item Group
This provides flexibility for industries with varied costing methods.
16. Separate COGS & Service Expense Accounting
This update introduces clearer financial separation between:
- Cost of Goods Sold (COGS)
- Service-based expenses
Why this matters
- Cleaner financial reporting
- Easier profitability tracking
- Improved audit accuracy
Companies offering both products and services benefit the most.
Why ERPNext v16 Is a Major Upgrade for Businesses
With stronger financial tools, refined manufacturing workflows, better inventory control, and faster reporting, ERPNext v16 is designed to make business operations smarter, faster, and more transparent.
- More accurate costing
- Smoother production workflows
- Cleaner financial reporting
- Faster POS and accounting
- Better traceability for compliance
- Stronger planning and budgeting
This update focuses on real business improvements, not just UI changes.
Indictrans: Your ERPNext Support Implementation & Upgrade Partner
As an ERPNext Certified Partner, we help businesses fully strengthen ERPNext v16 with:
- Smooth version upgrades
- Custom module development
- Manufacturing & MRP consulting
- Financial configuration & compliance setup
- Integrations & automation
- HyperCare & support
