AutoCount New GST Feature

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
GST DATE AND DEFERRED TAX ACCOUNT
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
DOCUMENT ROUNDING METHOD
DOCUMENT ROUNDING METHOD
DOCUMENT ROUNDING METHOD
DOCUMENT ROUNDING METHOD
Whole Document 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
2.36
41.69
Total
13.11 x 3 = 39.33
39.33 x 0.06 = 2.36
DOCUMENT ROUNDING METHOD
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)
0.79 (1.58)
13.90
Item C
1
13.11
0.7866 (2.3598)
0.79 (2.36)
13.90
2.37
41.70
Total
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
POSTING TO TRANSACTION ACCOUNT FOR
TAX CODE BL
POSTING TO TRANSACTION ACCOUNT FOR
TAX CODE BL
Without using Posting to Transaction for Account
POSTING TO TRANSACTION ACCOUNT FOR
TAX CODE BL
Using Posting to Transaction for Account
POSTING TO TRANSACTION ACCOUNT FOR
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
TAX TRANSACTION AUDIT TRAIL REPORT
TAX TRANSACTION AUDIT TRAIL REPORT
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
MSIC CODE FOR GST ON DO AND GST
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)
MSIC CODE FOR GST ON DO AND GST
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
MSIC CODE FOR GST ON DO AND GST
ON PAYMENT
MSIC CODE FOR GST ON DO AND GST
ON PAYMENT
MSIC CODE FOR GST ON DO AND GST
ON PAYMENT
MSIC CODE FOR GST ON DO AND GST
ON PAYMENT
MSIC CODE FOR GST ON DO AND GST
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
GST ON REALIZED GAIN LOSS
GST ON REALIZED GAIN LOSS
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)

GST ON REALIZED GAIN LOSS
GST ON REALIZED GAIN LOSS
GST ON REALIZED GAIN 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
TAX TRANSACTION CHANGE
MANAGEMENT
TAX TRANSACTION CHANGE
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
TAX TRANSACTION CHANGE
MANAGEMENT
TAX TRANSACTION CHANGE
MANAGEMENT
TAX TRANSACTION CHANGE
MANAGEMENT
TAX TRANSACTION CHANGE
MANAGEMENT
TAX TRANSACTION CHANGE
MANAGEMENT
TAX TRANSACTION CHANGE
MANAGEMENT
TAX TRANSACTION CHANGE
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