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28.241.162 - Product Update 416: New options introduced to ease the searching of INTRASTAT transactions (EU legislation)

To ease the search of INTRASTAT transactions at Invoice ? Statistics ? Intrastat, theImport and Export options have been introduced. These options areonly applicable to the EU legislation.The option s...

26.781.969 - Product Update 411: Multiple VAT registration numbers supported for EU sales list report

By Hung Hui Lan

In the European Union (EU), VAT-registered businesses are obligated to supply their tax authorities with an EU sales list, which reports on the supply of goods and services to other VAT-registered cus...

24.325.571 - Product Update 406: SEPA Credit Transfer and Direct Debit formats introduced to several countries

By Jo-Anna Goh Li Ping

In this product update, the SEPA PAIN format for SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) has been introduced to various countries. SEPA Credit Transfer (SCT)The SEPA PAIN format PAIN.00...

21.021.230 - Product Update 399: Revaluation of Neutral General Ledgers Displayed with Compliance to Storno Presentation (Romanian Legislation)

By Suthichana Tharmapalan

Revaluating the general ledger (GL) accounts in a foreign currency is usually done to offset differences due to currency fluctuations. For more information, see Generating Revaluation for General Ledg...

20.072.520 - Product Update 396/397: Default Value-Added Tax (VAT) Codes for European Union (EU) Countries when Making Logistics and Financial Entries

By Suthichana Tharmapalan

IntroductionAs of 1 January 2010, there have been changes to the current value-added tax (VAT) accounting and reporting processes. For one of the VAT systems, the European Community (EU) Sales List, t...

19.635.619 - Product Update 395/396: New Value-Added Tax (VAT) Rules for European Union (EU) Countries

By Sumathi K. Karalasingam

IntroductionAs of 1 January 2010, fundamental changes to the current value-added tax (VAT) accounting and reporting processes must take place. These significant changes include rules on place of suppl...

17.549.766 - Release 390: SEPA for Exact Globe

By Caroline Yap

New Page 2IntroductionThe Single Euro Payment Area (SEPA) is a newly introduced single integrated payments environment for countries within the SEPA region. This refers to all countries in the Europea...

16.637.321 - Release 390: Storno Presentation – Opening Balance of General Ledgers (Polish, Czech, Slovakian and Romanian legislations)

By Lee Choo Lim

BackgroundIntroductionWith the implementation of the storno presentation, Closing balance will be displayed correctly and according to the rules of the storno presentation whenever the settings Revers...

16.588.378 - Release 390: Non-deductible VAT Supported in Multiple Tax Module

By Wan Chee Lau

Menu pathIntroductionThe non-deductible VAT functionality in the purchase journal is implemented in Exact Globe within the standard functionality of VAT. Besides the VAT functionalities, the multiple ...

15.690.586 - Release 380 : Storno entry for Profit and Loss ledgers

By Fong Yin Chan

BackgroundMenu pathSystem/Settings/General ledger settings Finance/General Ledger /Charts of GL BackgroundStorno entry allows user to select positive or negative sign of a transaction to be shown in f...

15.596.492 - Release 380 : Synchronize Tax Calculation for Payment Discount in Sales Invoice

By Kian Beng Quah

New Page 1Background Inprevious release of Exact Globe, when the General Ledger Settings: Tax &Discount Calculation option is set to Tax calculated over net invoiceamount including discount (menu path...

14.931.191 - Release 380: Non-deductible VAT is now supported for Denmark and Sweden

By Wan Chee Lau

Menu pathMenu Path General ledger settings - System / General / Settings VAT code maintenance - System / General / Countries / Tax codes General ledger maintenance - Finance / General le...

14.787.245 - Release 380: Storno functionality extended to other legislations

By Lee Choo Lim

Background In Exact Globe, Storno presentation is supported for the following legislations via the Reversal entry setting in General ledger settings : Poland Czech Slova...

14.679.464 - Release 380: Storno presentation - Month-end closing entries with negative balance in Interactive Balance

By Lee Choo Lim

Background Background InExact Globe, Storno presentation is not supported in menu path Finance/Reports/Interactive balancefor month end closing entries with negative balance. Example:Closingbalance ...