Release Notes for Sage UBS

Transcription

1 Release Notes for Sage UBS Content This release notes covers two sections: 1. Progressive Enhancement (if any) 2. Issues that have been addressed Version Release date: 18 th March 2016 Progressive Enhancements User Defined Menu Goods Received Note, Supplier Invoice and Supplier Invoice + GRN Now, you can to manage the access rights for Goods Received Note, Supplier Invoice and Supplier Invoice + GRN individually. This setting is accessible via Inventory & Billing Housekeeping Run Setup User Defined User Defined Menu Transactions Receive Hyperlink Correct TFM entry methods In the new version, a quick access to the know-how document is added on the Transaction File Maintenance screen. You can refer to it anytime to learn about the correct way of entry via Transaction File Maintenance for GST related transactions.

2 Malaysia GST Posting Out of Period Transaction If Malaysia GST is enabled in Inventory & Billing module, the Out-of-period transaction message will be shown in posting screen, you can choose whether to proceed to post the transaction to Accounting.

3 GST Audit File The GST Audit File feature has been restructured to provide better handling for GST Reporting. You can now select the Taxable Period or Date Range at the GAF generator screen. Important Note: If you wish to input your transaction(s) via Transaction File Maintenance, please ensure that all input(s) are done correctly with proper method. For example (Sales Invoice): Correct method: GL Account Reference No. GST Classification Debit Credit Sales INVAP 0001 SR Output Tax INVAP 0001 SR 6.00 Sales INVAP 0001 SR Output tax INVAP 0001 SR 6.00 Customer A INVAP Output in GAF:

4 Incorrect method: GL Account Reference No. GST Classification Debit Credit Sales INVAN 0001 SR Sales INVAN 0001 SR Output tax INVAN 0001 SR Customer A INVAN Output in GAF: GAF handling for transactions below are still Work-In-Progress and expected to be released in the next Online Update. Transaction: 1. Prepayment 2. Importation of Goods 3. Gift Rule Imported Service (Reverse Charge Mechanism) The GST Imported Service function has been restructured for more accurate GST reporting. A new filtering is made available at Knock Off Bills screen for better handling of knock-off process for imported services. You can also select the batch number, financial period and taxable period for the reverse charge entries. i. Open Item Menu Creditor Knockoff Bills

5 ii. Payment Knockoff Please refer to for more information. Epayment Maybank M2U Biz Maybank M2U Biz provides the convenience of online banking to business owners. Sage UBS is integrated with Maybank M2U Biz, you can now create payment, check payment history and generate report via the accounting system. After the payment is confirmed, you just need to generate the payment file from Sage UBS Accounting system and upload to M2U Biz online portal for further processing. Other than that, fund transfer feature is also made available in Sage UBS, allowing you to transfers the money to 3rd Party accounts (within Maybank) or Other Banks. Kindly be informed that the daily transfer limit is RM With this enhancement, you can generate 3 type of payment files from Sage UBS Accounting system: i. Bill Payment ii. Intrabank Transfer (Transfer within Maybank) iii. Interbank Transfer (GIRO) You can access to this feature via Accounting Creditors Electronic Banking Maybank M2U Biz. Please refer to the link below for more information:

6 Issues that have been addressed Case ID Brief Description Periods in GST Report Transaction Type Description in GST Repo Import Service issues Wrong qty shown when it is FIFO imported service mechanism not correct batch item double selfbilled invoice auto numbering missing NR in GAF Year End password Stock card amount not tele Numbers cannot be displayed properly Import Recurring Transcation, canont click GST GAF FILE unit price not updated in stock card PRINT REMITTANCE ADVICE GRN TO INVOICE PRICING IN STOCK CARD More than license concurrent user still gst bad debt journal bad debt relief in gst03 double up Wrong cost shown when it is FIFO Sys auto populate taxable amt at tx fiel BDRv din show bill other than def date License expired still allowed to proceed Error on posting *** END ***