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a GST Software that do not require you to have much GST Knowledge!
Tag: GST
16 Articles
Orange arrow 1) Received two K1 for one single purchase invoice, how to enter two K1 to knock off against one purchase invoice? 2) Received a few draft K1 for payment, these draft copy has no K1 number yet unti

2318 views
  Answer 1: In the latest release 705 and onwards, Creditor code is optional in the K1 form, so, you can combine two K1 and put the total figures in "Customs Local Amount". Answer 2: In the K1 field, you can just input "Draft", as long as the "Customs Local Amount" is correct then it shouldn't be an...
Posted in: GST related, Delphi
Tagged: GST


Orange arrow for 1 company GST submission posting, we just click the button. But for group, how the posting work?

5391 views
  It is the same, every company are require to generate the figures for payable and claimable, then depends on which member will pay on behalf and every company need to pass a journal to contra off the GST payable account e.g. If Sample Trading (M) Sdn. Bhd. Paid on behalf of the Sample Trading (JB)...
Posted in: GST related, Optimum
Tagged: GST


Orange arrow How QNE Optimum handle non-refundable Deposit with GST?

17150 views
  QNE Optimum provide an additional screen which similar to AR>Receive Payment, name "Deposit" - Other than the existing fields from AR>Receive Payment, system will provide another field "Tax Code" in the header for user to select, but the system will load the default tax code according to the ...
Tagged: GST


Orange arrow How to handle Mix Supply/Partial Exemption and Annual/Longer Period Adjustment in QNE Optimum?

3573 views
  This is an add on module and only available in QNE Optimum. Please download the full version with the explaination in picture....
Posted in: GST related, Optimum
Tagged: GST


Orange arrow can I know how normally the double entries look like for BL (Block input tax)? Example the company purchase a motor vehicle (100k), the entry will be CREDIT Creditor 106k, DEBIT Fixed Asset 100k & DE

8825 views
  Yes. the posting are: DEBIT Fixed Asset 100k DEBIT GST Expenses 6k CREDIT Creditor 106k In the Tax Code Maintenance, if you refer to "BL", the posting account we should select "GST Expenses" instead of "GT Input Tax". once you select this tax code, GST 03 and other GST Details Listing...
Tagged: GST


Orange arrow How to input Deemed Supply in the GST module of QNE Firebird version?

11059 views
  Below is the sample scenario for deemded supplies. a GST Registered Company giving away their inventory to their customers or employee as a free gift, if the open market value is more than RM500 then this is consider deemed supplies and subject for GST. In QNE, there is a tax code in the output t...
Posted in: GST related, Optimum
Tagged: GST


Orange arrow How to key in Foreign exchange gain and loss exempted

3258 views
  Foreign Exchange Gain is considering Exempted Supplies and we need to update to item 12 of GST 03 Return. During the taxable periods we may have a lots of transactions which the system will generate the foreign gain automatically. Please print out the general ledger “Foreign Exchange Gain&rd...
Posted in: GST related, Delphi
Tagged: GST


Orange arrow How to implement Approve Trader Scheme in QNE Delphi

1827 views
  You may refer HERE...
Posted in: GST related, Delphi
Tagged: GST


Orange arrow At gst return 03 form, what transactions will reflect to No.11, 14 & 15 & 16?

3779 views
  Item 11 is Export Supplies: which is zero-rated, the tax code is "ZRE" Item 14 and 15 is ATS: You can refer to our Help File>GST>GST Transactions>Import Under Special Scheme>Import from Approved Trader Scheme (ATS) for more details how to download the online help, please refer to htt...
Posted in: Optimum
Tagged: GST


Orange arrow What are the different compare QNE Optimum and other accounting software e.g. SQL Accounting especially when you handle the GST in the non-refundable deposit?

4015 views
  QNE Optimum provide an addiitonal screen to handle GST in deposit, sometimes your customers may not know what are the stock items they may purchase and they don't want to input it in Sales Order. QNE Optimum provide the option whether to create the sales order when we receive non-refundable deposit...
Posted in: GST related, Optimum
Tagged: GST


Orange arrow How to configure the GST Compliant module in QNE Delphi Firebird?

4858 views
  Please download the updated guide here (updated 31/10/2012)...
Tagged: Installation, GST


Orange arrow Our forwarder will pay our GST Tax on behalf of us for all import shipment .Hence, when we match foreign supplier invoices , we do not pay GST to the supplier. We have to key in tax code for IM for t

2181 views
  Please download the guide HERE...
Posted in: GST related, Optimum
Tagged: GST


Orange arrow Imported Services refers to the services that are made by a supplier that is not located inside Malaysia to a recipient who is located in Malaysia and such services are consumed in Malaysia. How does

1679 views
  Kindly download the step-by-setp guide HERE....
Posted in: GST related, Optimum
Tagged: GST


Orange arrow Even the Tax Code is set to IM0, Tax field shows empty when processing K1 entry.

2230 views
  From K1 entry control, Tax field shows empty even the GST Tax Code set is IM0. To reflect the desired value of Tax Field which is "N/A", re-select the Tax Code and pick the "IM0" again. Upon doing this, "Total Value of Standard Rated Acquisition" from GST-03 will also be correct. ***Usually enc...
Posted in: GST related, Delphi
Tagged: GST


Orange arrow How to handle Free Gift / Deemed Supply after GST implemented

5985 views
  Free Gift Rules / Deemed Supply Private use of business assets, business gift more than RM 500 accumulated in the same calendar year, supply to connected person are require to account for output tax. Please download the Full Version Guide HERE.....
Posted in: GST related, Optimum
Tagged: GST



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