Setting Up Multiple MSIC Codes for e-Invoice Submission

Overview:

The Malaysian Standard Industrial Classification (MSIC) Code is used to categorize business activities. In the e-Invoice system, businesses can set up multiple MSIC Codes to reflect different activities under their company profile. This guide walks you through the steps to set up and use multiple MSIC Codes in QNE AI Cloud Accounting system.

Scenario:

Step 1: Access the MSIC Code Tab

1. Navigate to e-Invoice Setting.

2. Click on the MSIC Codes tab.

Step 2: Configure Default MSIC Code

1. The Default MSIC Code represents the main MSIC Code used in the Company Profile.

2. This will be the automatically assigned MSIC Code unless manually changed in transactions.

Step 3: Add a New MSIC Code

1. In the MSIC Code tab, click on Add.

2. Enter the MSIC Code.

3. Click Submit to save the entry.

4. Repeat the process to add additional MSIC Codes as required.

Note: The MSIC Codes added here will only be available in specific transaction forms, such as Sales Invoice, Sales Debit Note, and related documents.

Using MSIC Codes in Transactions

Step 1: Assign MSIC Code in Sales Invoice

1. Open Sales Invoice.

2. Navigate to the e-Invoice Information tab.

3. Locate the Issuer MSIC Code field.

4. Click on the dropdown and select the appropriate MSIC Code.

5. Proceed with the usual sales process.

Applicable Transaction Forms

Currently, the MSIC Code selection is available in the following transaction forms:

• Sales Invoice

• Sales Debit Note

• Sales Credit Note

• Cash Sales

• Customer Refund Note

Additional Notes

• Ensuring that the correct MSIC Code is selected for each transaction helps maintain accurate reporting.

• The Default MSIC Code will always be pre-selected unless manually changed.

• Changes in MSIC Codes for transactions should align with business activities and regulatory requirements.