Sage ubs

07/08/2014

http://www.sagertc.com/385538925

What?! GST Packages from as low as RM 0?

Available from August 8th - 31st, 2014 Only. Limited Units. First come first serve basis.

What?! GST Packages from as low as RM 0? - Available from August 8th - 31st, 2014 Only. Limited Units. First come first serve basis. 3 Essential Items In The Package3 Choices, Which One Best Describes Me?3 Ways To Order Your Package Now! GST Compliant Software Sage 50 or Sage UB...

08/07/2014

08/07/2014

Why add the Billing to Accounting?

The purpose of our strategic decisions is always in consideration of our customers first. Given the coming implementation of GST in Malaysia, documentation is a very important factor, especially in invoicing, namely the tax invoice. We believe that providing a fundamentally essential tool to our customers is the least we can do to ensure and execute our responsibility to our customers and market.

08/07/2014

GST Act – Section 33 Issuance of a Tax Invoice

A Tax Invoice allows a buyer to claim for Input Tax Credit. (ITC)
The following criteria must be fulfilled for a proper Tax Invoice.
The word Tax Invoice is in a prominent place.
The invoice is a serialized number.
The date of the invoice issuance.
The name, address, GST identification number of the supplier.
The name of the address of the buyer.
The description sufficient to identify the goods and services supplied.
For each description, the quantity of goods or the extend of all the services and the amount payable including tax.
Any discounts offered.
The total amount payable excluding tax, the rate of the tax, and the total chargeable to be shown separately.
The total amount payable including the tax chargeable.
Any amount if converted into Malaysian currency (RM) if expressed in a foreign currency.
State separately the gross total amount payable in respect of each supply and rate. (i.e. separate amount for exempt, zero, standard or other supplies)

08/07/2014

GST Act – Section 35 Credit Note and Debit Note

* No skipping /missing serial numbers used.
* All adjustments must be handled via the issuance of Credit/Debit Notes
- Reason appropriately applied.
- Linked Tax Invoice number and date

08/07/2014

SMEs can apply for GST e-Voucher worth RM 1,000

The Malaysian government has set aside RM 150 million to provide assistance for SMEs to purchase or upgrade their existing accounting software to meet GST requirements. Each qualified SME application is entitled to a GST e-Voucher of RM 1,000 which can be used against their purchase or upgrade of software.

There are a few simple steps to follow to apply for this e-Voucher.

Step 1 - Register for GST via www.gst.customs.gov.my Refer to the TaxPayer Access Point (TAP).

The RMC has opened for early registration since June 1, 2014 and all SMEs whom have an annual revenue of over RM 500,000 are encouraged to take advantage of the early registration.

Step 2 - Register for e-Voucher via www.gst.evoucher.smecorp.gov.my

Instructions and requirements are listed clearly on the website.

Step 3 - Redeem your e-Voucher

Once your registration is complete and approved, you will receive an e-Voucher which you can utilize.

Step 4 - Redeem your e-Voucher against purchases

Once this is done you may email the e-Voucher to [email protected] for reference and to also discuss your required purchase or upgrade. You will receive a discount of RM 1,000 on your purchases or if your purchase is below RM 1,000, no payment is required. A sign-off list will be required from Sage to complete the transaction.

Important Notes :

1. For SMEs whom have purchased their new or upgrade software between the dates of March 12 and May 31, 2014, the application should be made directly to SME Corp for the claims of up to RM 1,000.

2. Conditions for the e-Vouchers are on a first-come, first serve basis, until the quota is reached. Therefore it is strongly advisable to make your application early to avoid disappointment.

17/05/2014

Why upgrade for thousands when you can renew?

Beginning 1st July 2014, Sage Cover renewals* will be at RM 300 per annum.

There are still benefits of renewing your software rather than upgrading it.

By renewing your Sage Cover, you are ensuring that your Accounting Software is always updated to the latest version.

You will also ensure that your software will be GST Compliant.

17/05/2014

Why upgrade for thousands when you can renew?



Beginning 1st July 2014, Sage Cover renewals* will be at RM 300 per annum.

There are still benefits of renewing your software rather than upgrading it.

By renewing your Sage Cover, you are ensuring that your Accounting Software is always updated to the latest version.

You will also ensure that your software will be GST Compliant.

17/05/2014

When will I get my GST enabled software?



As per our earlier announcement, Sage UBS and Sage 50 products have been duly certified by JKDM. There are very specific changes to the software to support the more important requirements from JKDM especially calculating the proper GST to be applied, the GST return as well as the GAF which is the GST audit file.

The implementation of GST as per current information is still in April 1, 2015, however, we understand that a lot of companies would like to test and try these features and start their preparation. Therefore our 1st release of GST features, as per the requirements of JKDM will be in May.

What does this mean?

1. If you have an active Sage Cover contract, your update will be automatic via our online update facility that will give you non-intrusive, silent update in the background via the internet. By default the GST features are not turned on. This is to ensure that there is no disturbance to your current working environment. Information and details will be further provided during this future release.

2. If you do not have an active Sage Cover contract, you will need to purchase an upgrade. By having this upgrade, your Sage Cover contract is active again and you will continuously receive all future updates to your product, as long as Sage Cover is active.

Why online update is important?

We are expecting that continuous changes will be made as JKDM and we ourselves get ready for GST. Having an online update facility will ensure that any updates to your product that is necessary will be delivered to you, seamlessly, with as little intrusion as possible to your daily work. We already enjoy such simple and smart implementations in our every day life such as updates on our smartphones as well as PCs and also cars! Have the peace of mind to just focus on your business while we take care of the rest.

In addition to the convenience, this will mean that it is not necessary to ask or have someone to delivery a CD to you nor require a person to update the software for you, saving you both time and cost.

Where do I start?

We have always focused on GST Compliance as a goal from the start and it means that the software is an integral part of being compliance but there are other areas as well.

1. Get your GST knowledge. You can only handle and understand what you know therefore it is imperative that you have at least the basic GST knowledge. This of course is not limited only to the accountant but to all aspects of the business as it will impact your pricing, operations and work processes as well. Get a quick start with our GST 101 essential GST training.

2. Get automated. If you are reading this, you are well on your way to getting yourself automated with software. Due to the fact that GST is highly transactional, which means that it is tracked per invoice, it is highly suggested that you automate your business process. The documentation requirements are high and you do not want to be on the bad end of the law.

3. Get implemented. Sage will be announcing an implementation workshop for GST which will take you on a a step by step journey on getting yourself ready for GST. Look out for the first launches of GST 201.


You can also refer to www.sagegst.com for more information on GST related information.

Sage provides information on Malaysia GST implementation, GST trainings, GST seminars and general information on GST to make sure your company is GST compliance.

17/05/2014

Sage UBS May 2014 Upgrade to GST Promotion