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25.539.247 - Product Updates 407 and 406: VAT reversal calculation adjusted for Flexible VAT system

The VAT reversal calculation for invoices that have been written off has been revised to adopt the full reversal calculation in this product update. The same effect reflects on the partial payments wi...

25.262.634 - Product Updates 407 and 406: Prepayments can be matched with invoices using Flexible VAT system

By Jo-Anna Goh Li Ping

The flexible VAT system (cash based VAT) was available in Exact Globe Next since product update 381 (see Release 381: VAT cash system supported on VAT return). However, there were limitations to the u...

24.681.482 - Product Update 407: VAT cash system report has been added

By Jo-Anna Goh Li Ping

In certain countries, some companies are required to use the cash based VAT system instead of the invoice system, whereby VAT payment will only be paid once payment is made. As of year 2013, the invoi...

24.676.702 - Product Update 407: Multiple taxes supported for XML financial and SDK with flexible VAT system

By Jo-Anna Goh Li Ping

In product update 405, XML and SDK functionalities were supported for multiple taxes for the invoice system (see Product Update 405: Multiple taxes supported for XML financial and SDK). In Exact Globe...

24.384.459 - Product Update 405: Enhancements to cash-based VAT system

By Jo-Anna Goh Li Ping

Some companies are required to use the cash-based VAT system (see Release 390: Extension of cash-based VAT system in bill of exchange and payment in transit). VAT overviewIf the cash-based VAT code is...

20.181.996 - Product Update 397: Enhancements to Opening and Closing Balance Calculations (British, French, Spanish, Malaysian, Mexican, Thai, Vietnamese, Irish, Canadian, and New Zealand Legislations)

By Suthichana Tharmapalan

IntroductionEnhancements have been made to the way the system calculates the opening and closing balances in bank/cash journals and cash flow entries. The system will calculate the opening and closing...

19.137.517 - Product Update 394: Option to Display Bank Reconciliation Differences Based on Transaction or Reporting Date (British, French, Spanish, Malaysian, Mexican, Chinese, Thai, Vietnamese, American, Irish, Canadian, and New Zealand Legislations)

By Suthichana Tharmapalan

IntroductionWhen a company’s records show a difference between balance in the cash instrument and the bank statement, reconciliation of the records is necessary to ensure the difference is resolved. I...

15.690.767 - Release 380: Functional logic change in handling of reporting date in cash flow entry

By Kelvin Yong Sze Shung

PurposeMenu Path Finance / Entries / Bank – Cash Cash Flow / Entries / Cash FlowBackgroundReconciliation is a tool used to match cash flow entries entered manually with the bank statements that is rec...

14.842.805 - Release 380: Inter Bank Transfer without Showing Creditor/Debtor General Ledger

By Lydia Koh

Introduction kohl109781 kohl109781 71 1950 2006-11-23T03:53:00Z 2006-12-07T08:22:00Z 1 1053 6005 Exact Software 50 14 7044 11.8107 14842805 170 Support Product Know How Release No...