AutoCount New GST Featuresupport.autocountsoft.com/wp-content/uploads/2015/... · INTRODUCTION This training assume that you had some basic knowledge of AutoCount and GST Features

AUTOCOUNT NEW GST

FEATURE

Prepared by Jae Sen

INTRODUCTION

This training assume that you had some basic

knowledge of AutoCount and GST Features (Tax

Code Maintenance, how to run GST Processor

etc.)

Covered topics are new functions and features

introduced since version 1.8.11

WHAT’S NEW

GST DATE AND DEFERRED TAX ACCOUNT



WHAT’S NEW

5 CENTS ROUNDING

5 CENTS ROUNDING

3 Options:

Disable 5 Cents Rounding

Enable 5 Cents Rounding

Enforce 5 Cents Rounding

5 CENTS ROUNDING

5 CENTS ROUNDING

5 CENTS ROUNDING

WHAT’S NEW

DOCUMENT ROUNDING METHOD

Whole Document Rounding v1 (obsolete)

Whole Document Rounding v2

Line by Line Rounding





ITEM Qty Price GST Before Round GST TOTAL (INC)

Item A 1 13.11 0.7866 0.79 13.90

Item B 1 13.11 0.7866 (1.5732) 0.78 (1.57) 13.89

Item C 1 13.11 0.7866 (2.3598) 0.79 (2.36) 13.90

Total 2.36 41.69

Whole Document Rounding

13.11 x 3 = 39.33

39.33 x 0.06 = 2.36


ITEM Qty Price GST Before Round GST TOTAL (INC)

Item A 1 13.11 0.7866 0.79 13.90

Item B 1 13.11 0.7866 (1.5732) 0.79 (1.58) 13.90

Item C 1 13.11 0.7866 (2.3598) 0.79 (2.36) 13.90

Total 2.37 41.70

Line by Line Rounding

13.11 x 3 = 39.33

39.33 x 0.06 = 2.36 (Different with Final GST)

WHAT’S NEW

GST ON BANK CHARGES

Support Bank Charge with GST

Supported Entries:

AR Receive Payment

AR Deposit

AR Deposit Refund

AR Refund

AP Receive Payment

AP Deposit

AP Deposit Refund

AP Refund

Receipt Voucher

Payment Voucher

GST ON BANK CHARGES

GST ON BANK CHARGES

GST ON BANK CHARGES

WHAT’S NEW

SELF-BILLED APPROVAL NO.

SELF BILLED APPROVAL NO.

WHAT’S NEW

GST DETAILS

Previously at earlier version, fields such as

Business Registration Number (BRN), Business

Name was located as Master Field

Now these fields had been moved to Detail

Any other GST Related fields had also been

summarized into 1 field called GST Details for

easier Data Entry

GST DETAILS

GST DETAILS

GST DETAILS

WHAT’S NEW

LOCAL GST ADJUSTMENT

LOCAL GST ADJUSTMENT

WHAT’S NEW

IMPROVEMENT ON IMPORTED GOODS

DOCUMENT

Auto Highlight Colour for PI Info

Added Import Declaration Number (K1 No.)

Added Custom Assessed Currency Rate, trigger

Custom Assessed Amount to recalculate if

changed

Added GST Adjustment

IMPROVEMENT ON IMPORTED GOODS

DOCUMENT

WHAT’S NEW

POSTING TO TRANSACTION ACCOUNT FOR

TAX CODE BL


TAX CODE BL


TAX CODE BL

Without using Posting to Transaction for Account


TAX CODE BL

Using Posting to Transaction for Account


TAX CODE BL

If you change the setting for this, please logout

and re-login AutoCount Accounting

Setting will not apply to transactions that is

created earlier, only the next transaction

If you want this setting to affect your earlier

transactions, you will need to run the Repost

Function in AutoCount Management Studio

WHAT’S NEW

TAX TRANSACTION AUDIT TRAIL REPORT

Mainly to check your day by day transactions in

detail

Support filtering by Tax Code, Account Number

or by Document type



WHAT’S NEW

LEDGER REPORT ADD TAX CODE

WHAT’S NEW

GST INSTANT INFO

GST INSTANT INFO

Mainly to view up-to-date Tax Summary without running GST Processor

Flexibility to change the date range by clicking on the “Change” button

Flexibility to change the refresh interval by clicking on the “Setting” button

No Journal will be generated, meaning GST on DO, GST on Payment and GST on Gain Loss is not processed

WHAT’S NEW

MSIC CODE FOR GST ON DO AND GST

ON PAYMENT

Previously if there is any GST on DO or GST on

Payment, these amount will not tied to any MSIC

Code and fall into the “Others / Lain-lain” column

at GST-03 Form

Now these amount will be tied to a MSIC Code

after some changes in our auto-generated

Journal processed by GST Processor


ON PAYMENT

MSIC Code set at Account Maintenance, need to

set for every Account that affect your Sales:

Sales (Credit Sales and Cash Sales Account)

Sales Adjustment (Discount and Return Account)

Other Income

Sales Accounts

Sales – Software (62010), also set as Default Sales

Account

Sales – Hardware (46510)

Sales – Consultancy and Services (62021)


ON PAYMENT

In DO, now we had added a new Column AccNo into detail field

No worries as this AccNo in DO will not post into your accounts (GL/AR/AP)

The Journal generated by GST Processor will now capture that selected AccNo’s MSIC Code for that line item in DO and apply the Tax Amount to it

For GST on Payment, it will capture your Default Sales Account’s MSIC Code which you can set at Tools Options GL Default Acc and apply the Tax Amount to it


ON PAYMENT


ON PAYMENT


ON PAYMENT


ON PAYMENT


ON PAYMENT

WHAT’S NEW

IMPROVED SECURITY FOR DO AND

PAYMENT

WHAT’S NEW

GST ON REALIZED GAIN LOSS

As quoted by YYC – Jacky Chan Master: “10 Common

Mistake in GST-03” during GST Submission

Forget to include the Gain or Loss on Foreign

Exchange into Box12, please use Tax Code ES43

So please, enable your Tax Code ES43 at Tax Code

Maintenance

GST On Realized Gain Loss is only available if you

enable the Multi-Currency Module



Example:

Purchase Invoice 1

Document Rate: 2.8

Document Total: 500

Full payment with PV Rate 2.7

(500 x 2.8) – (500 x 2.7)

1400 – 1350 = 50 (GAIN)

Purchase Invoice 2

Document Rate: 2.8

Document Total: 800

Full payment with PV Rate 2.9

(800 x 2.8) – (800 x 2.9)

2240 – 2320 = -80 (LOSS)




WHAT’S NEW

GST 03 - INFO

Added GST 03 - Info for user to fill in

Fields included:

Name of Authorized Person

Identity Card No. (New)

Identity Card No. (Old)

Passport No.

Nationality

Amendment

Carry Forward Refund for GST

GST 03 - INFO

GST 03 - INFO

GST 03 - INFO

GST 03 Info is required if you wish to commit the

GST Processor

Ticking the Amendment Checkbox will cause the

GST 03 Form “Pindaan” or “Amendment” to be

ticked as well

Ticking the Carry Forward Refund for GST will

cause the GST 03 Form Item 9 to tick “Ya” or

“Yes”

GST 03 - INFO

GST 03 - INFO

WHAT’S NEW

GST ATTACHMENT 2 (LAMPIRAN 2)

GST ATTACHMENT 2 (LAMPIRAN 2)

WHAT’S NEW

IMPROVED GST 03 FORM

Since this is a fixed format Form from custom,

what can be improved from AutoCount?

Well, now you can do this in AutoCount:

IMPROVED GST 03 FORM

WHAT’S NEW

TAX TRANSACTION CHANGE

MANAGEMENT

As we know, in AutoCount Accounting, after you had run GST Processor and Commit a Taxable Period, the transactions will be locked

If you wish to make changes to the transactions, you will need to use the Manage Exception function in AutoCount

To use Manage Exception it will be a little tedious and therefore, AutoCount will like to introduce all of you TAX TRANSACTION CHANGE MANAGEMENT


MANAGEMENT


MANAGEMENT

Assuming a taxable period had already been

committed and there are some changes need to be

done, the system will prompt a message as a

warning for such change

Warning message will detect the changes made

and warn user the severity or impact of such

changes to this taxable period


MANAGEMENT


MANAGEMENT


MANAGEMENT


MANAGEMENT


MANAGEMENT


MANAGEMENT


MANAGEMENT

WHAT’S NEW

TAX TRANSACTION CHANGE TRACKER

REPORT

TAX TRANSACTION CHANGE TRACKER

REPORT

WHAT’S NEW

GST ACCESS RIGHT

GST ACCESS RIGHT

ACCESS RIGHT

Special mention for Tax Transaction Change

Controller

It will always capture the highest access right of

that user or group among the permission

provided to save Low, Medium and High

Meaning a user can make changes of all 3 levels

by just assigning its permission at the strongest

severity – High. No need to assign to Low or

Medium

Documents

AutoCount New GST Featuresupport.autocountsoft.com/wp-content/uploads/2015/... · INTRODUCTION This training assume that you had some basic knowledge of AutoCount and GST Features