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EH Lim
May 17, 20181 min read
Malaysia scrapping GST from June 2018
Malaysia new government has decided to scrap GST (Goods and Services Tax) from June 2018; the standard rated GST is going to reduce from...
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EH Lim
Nov 2, 20151 min read
Update on Malaysia GST Form-03 report
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...
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EH Lim
Oct 20, 20151 min read
Showing the GST amount in Singapore Dollars equivalent
GST (Goods and Services Tax) applies when you supply goods and services locally, even if you invoiced the customer in foreign currency....
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EH Lim
Sep 2, 20151 min read
Print Statement
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...
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EH Lim
Aug 14, 20152 min read
How to print a GST Report from MoneyWorks accounting software?
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...
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EH Lim
Jul 19, 20151 min read
How to record the GST paid on behalf of a customer?
The GST paid on behalf of your customer to the Custom for the goods imported (usually happened in logistic business) are not your...
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EH Lim
Jun 23, 20151 min read
The Date Format
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...
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EH Lim
Jun 11, 20151 min read
Process multiple orders
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...
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EH Lim
May 26, 20151 min read
How to clear off an overpayment from a debtor?
Overpayment: When payment received from a debtor is greater than the amount owed. Assume you have an outstanding Sales Invoice of...
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EH Lim
Apr 10, 20152 min read
Non-Claimable GST
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...
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EH Lim
Mar 16, 20151 min read
GST information from Royal Malaysian Customs Department
Malaysia will be implementing GST by April 2015, here are some useful GST information from the Royal Malaysian Customs Department: About...
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EH Lim
Mar 2, 20151 min read
Malaysia GST - change of localisation
If you have been using the MoneyWorks accounting software before the localisation of “Malaysia GST”, you can change the setting from the...
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EH Lim
Mar 1, 20151 min read
Malaysia GST (Goods and Services Tax)
If you are a GST registered company in Malaysia, you need to set the localisation as “Malaysia [G.S.T.]”. Once the “Localisation” has...
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