Friday, April 22, 2016

Allow to do amendment on a committed GST Return

Allow to do amendment on a committed GST Return

In this version of AutoCount Accounting, a new function has been added into the GST Processor window that would allow a user to do amendment on a committed GST Return. To access this function, simply navigate to the GST Processor and select a committed GST Return and click on the Amend button as shown below.
The Amend button in GST Processor
The Amend button in GST Processor
The question now is, what amendments can be done using this function? The answer for that question comes in parts. First, the Other GST-03 information previously can be amended inside this function. If the user has made a mistake when entering the Other GST-03 information in the committed GST Return, they can use this function to do amendment on it. The following are steps on how to do such amendments:
  1. After clicking the Amend button in the GST Processor window, you will be greeted by the GST Amendment window. Click on the “Other GST-03 Info” button.
  2. Click on the Other GST-03 Info
    Click on the Other GST-03 Info
  3. Modify the information you wish to amend and the press OK.
  4. Modify the required information
    Modify the required information

    ...to the new information
    …to the new information
  5. Click on the Save button to save the amendment.
  6. Save the amendment
    Save the amendment
  7. If you wish to view the amended GST-03 document, select the newly created row under the Amend Relation, and click the View button.
  8. Select the created amendment and view it
    Select the created amendment and view it
  9. From the window that is open, just navigate to the GST-03 tab and scroll to the Part D: Declaration section to see the new amendment.
  10. The modified GST-03
    The modified GST-03
The second amendment allowed in the GST Amendment function is regarding the addition, modification or removal of tax document under the period for the committed GST Return. This means that if when a tax document is added or modified or removed, the GST Amendment function can be used to generate a more accurate GST Return even when that GST Return has been committed. Any modification under this type will show up in the Tax Summary of the GST Amendment window and will be highlighted with red color. If the addition/modification/removal done did not cause a red color entry in the Tax Summary of the GST Amendment window, this means that the changes done does not require the user to use the GST Amendment in the first place.
The following are steps on how to do such amendments:
  1. After doing the modification to the required tax document, navigate to the GST Processor and select the committed GST Return to amend and click the Amend button. You will then see in the Tax Summary all the modification that will be applied to the amendment. Ensure that the changes are correct and save the amendment.
  2. The changes can be seen after addition/modification/removal of tax document
    The changes can be seen after addition/modification/removal of tax document
  3. After saving the amendment, select the amendment and click on the View button.
  4. View the amendment save earlier
    View the amendment save earlier
  5. From the window that is open, click on the Generate Journal Entry to create the required Journal Entry for this amendment.
  6. Click on the Generate Journal Entry button
    Click on the Generate Journal Entry button
  7. Save the created Journal Entry after making sure the figures are correct.
  8. Save the Journal Entry
    Save the Journal Entry
Note that if there is any addition or removal for the C/N and D/N document, the CN DN List tab will also show the changes for that period. The other tabs (Bad Debt Relief, Bad Debt Recovery, Outstanding DO, Reverse Transferred DO, Unapplied Payment, Reverse Applied Payment) will only show a list of documents similar to the previous committed GST Return.
An earlier committed GST Return
An earlier committed GST Return
A new CN was added for that period, it will show up in the GST Amendment
A new CN was added for that period, it will show up in the GST Amendment

Check Minimum Sales or Purchase Price based on Inclusive Price Option

In version 1.8.19 of AutoCount Accounting, an enhancement was added that modified the behaviour when validating the minimum or maximum unit price. The behaviour introduced is that, if the sales or purchase document is using the inclusive option, the system will set the unit price to exclude the tax amount which meant that if the unit price of an item is RM 100, when inclusive, the unit price used to validate the minimum would be RM 94.34 (rounded to 2 decimal points)
From feedback, it seems that most users of the AutoCount Accounting system wish to not use this behaviour and that as such in this version of AutoCount Accounting, two new options is introduced to allow users the ability to control if they wish to use the mentioned behavior. These 2 options, Check Minimum Sale Price Based On Inclusive Price and Check Minimum Purchase Price Based On Inclusive Price is accessible via the Options/Invoicing/Customize Invoicing menu as shown below.
The location of both options
The location of both options
By default, the option is set to false and will use the default behaviour as state above. When the options is checked, it will use the inclusive price instead of the exclusive price.
By default, the unit price of an item in an inclusive tax document will be the excluded value. When the option is enabled, it will use the inclusive value instead of exclusive.
By default, the unit price of an item in an inclusive tax document will be the excluded value. When the option is enabled, it will use the inclusive value instead of exclusive.

1 comment:

Unknown said...

Wonderful post and such a fantastic information that you gave to us. Thank you so much for it. You made a good site and also you sharing the best information on this topic. I am impressed with your site’s blog. Thank you all
GST Returns

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