Malaysia new government has decided to scrap GST (Goods and Services Tax) from June 2018; the standard rated GST is going to reduce from...

Cognito has updated the Malaysia GST Form 03 report in MoneyWorks version 7.3. The new update includes a new Box 19 for the breakdown...

GST (Goods and Services Tax) applies when you supply goods and services locally, even if you invoiced the customer in foreign currency....

If you prefer to send the Statement to a few customers instead of all the customers in the debtors list, you can do it by highlighting...

Refer to MoneyWorks v7 User Guide, Page 201, “GST, VAT, Sales Tax & Tax Codes”. The GST report can be printed from the Reports menu | GST...

The GST paid on behalf of your customer to the Custom for the goods imported (usually happened in logistic business) are not your...

The “Date” show on your Window Desktop (lower right corner of the desktop) is formatted as DD/MMM/YYYY (example: 12 June, 2015), but the...

MoneyWorks allows user to do a batch process of multiple orders to invoices. That is, if you have multiple Sales Order and would like to...

Overpayment: When payment received from a debtor is greater than the amount owed. Assume you have an outstanding Sales Invoice of...

GST (Goods and Services Tax) is not an expense nor an income. The tax amount received (Output tax) from the supply of goods and services...

Malaysia will be implementing GST by April 2015, here are some useful GST information from the Royal Malaysian Customs Department: About...

If you have been using the MoneyWorks accounting software before the localisation of “Malaysia GST”, you can change the setting from the...

If you are a GST registered company in Malaysia, you need to set the localisation as “Malaysia [G.S.T.]”. Once the “Localisation” has...