How to Use SST Settings in QNE AI Cloud Accounting ©

Created by QNE Software Sdn bhd, Modified on Wed, 2 Apr at 3:53 PM by QNE Software Sdn bhd

Overview:
The SST Settings feature in QNE AI Cloud Accounting allows users to configure their Sales and Service Tax (SST) settings, ensuring accurate tax reporting and compliance. Users can set the effective date, define whether SST submissions occur monthly or every two months, and assign the appropriate SST GL accounts (e.g., SST Payable Account). Once configured, the system will automatically adjust the date range for SST tax returns based on the selected submission frequency. Additionally, after submitting a tax return, the system will post a journal entry to the assigned SST Payable Account.

Scenario:
1️⃣ User navigates to SST Settings in QNE AI Cloud Accounting.
2️⃣ User sets the effective date and selects the submission frequency (monthly or bi-monthly).
3️⃣ User assigns SST GL accounts, including the SST Payable Account.
4️⃣ When the user submits a tax return, the system automatically adjusts the date range based on the SST settings.
5️⃣ The system posts a journal entry to the configured SST Payable Account after tax submission.

This setup ensures seamless SST management, accurate tax filing, and automated financial recording. ?

Solution:

Step 1 - Expand ‘Tax’ and Click 'SST Settings'

Step 2 - Select Effective Date and Taxable Period, then Press Save.

Example: User Tax Return start from 01/04/2025, and every submission will be 2months, and follow above configure to insert GL Account

Remark:

1. SST Service - This setting allows the system to automatically debit or credit from the designated Service Tax Account. The user can either use their own GL account or opt for the predefined Service Tax Account, which is ‘SST-2000’.

2. SST Payable – This setting allows the system to automatically debit or credit from the designated Payable Tax Account. The user can either use their own GL account or opt for the predefined Payable Tax Account, which is ‘SST-8000’.

3. SST Deemed Payment & SST Deemed Payment Recovery
✅ SST Deemed Payment and SST Deemed Payment Recovery allow users to assign the same GL Account Code. For example, in the screenshot above, I used the system's predefined SST-9000 account.

✅ This feature is mainly for transactions where customers have not made payment for more than 12 months. According to SST regulations, if a customer fails to settle the payment within this period, the business is still required to remit the tax amount to KASTAM. The system will automatically handle these transactions, ensuring that the tax payment is properly recorded and allowing for adjustments when the amount is recovered in the future.