@Refer to IDEAL24 JAN15.PDF ACCOUNT DOUBLE ENTRY ### Double Entry for Sales(Supply) & Purchase 1# Transaction File Maintenance > Quick Entry Quick Entry save, Double Entry will be Generated Dt Customer Sdn Bhd RM1060 Cr Sales Ledger RM1000 (with Tax Code : SR) Cr Gst Output Tax RM60 (with Tax Code : SR) That is same method to do the Purchase! If you are Block Input Tax, "BL" tax code will be selected.
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@Refer to IDEAL24 JAN15.PDF ACCOUNT DOUBLE ENTRY Double ...idealperfect.com.my/dw/FORM/note2.pdf · @Refer to IDEAL24 JAN15.PDF ACCOUNT DOUBLE ENTRY ... System. 2# Double Entry for
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@Refer to IDEAL24 JAN15.PDF
ACCOUNT DOUBLE ENTRY
### Double Entry for Sales(Supply) & Purchase
1# Transaction File Maintenance > Quick Entry
Quick Entry save, Double Entry will be Generated
Dt Customer Sdn Bhd RM1060
Cr Sales Ledger RM1000 (with Tax Code : SR)
Cr Gst Output Tax RM60 (with Tax Code : SR)
That is same method to do the Purchase!
If you are Block Input Tax, "BL" tax code will be selected.
### Sundry Expense
Example : Salesman monthly claim for his own, pay on behalf company.
1# Enter your Supplier Invoice into Billing System (Tick Import Service) and post it
into Accounting System.
2# Make Payment to the Supplier and knock off to the Import Service Invoice.
System will auto generate an Double Entry after knock off.
Dt Gst Input Tax RM60 (with Tax Code : TX)
Cr Gst Output Tax RM60 (with Tax Code : DS)
### Importation of Goods (refer Page 56)(This is incorrect method)
(This is only capture GST-03 Part 6b)
Example : Purchase Goods from Oversea RM1000
Customs Duty RM100
Insurance RM100
Freight Charge RM100
Taxable Amount = (Purchase + CIF ) = RM 1300
Input Tax = RM1300 x GST@6% = RM78
1# Enter your Supplier Invoice into Billing System and post it into Accounting
System.
2# Double Entry for Account
Dt Gst Input Tax RM78 (with Tax Code : IM)
Dt Customs Duty RM100
Dt Insurance RM100
Dt Freight Charge RM100
Cr Agent Account - DHL RM378
@ Refer to UBS New Release Note VERSION 9.9.1.12
### Purchase Debit Note & Purchase Credit Note
Malaysia Gst requires purchase debit note and purchase credit note must be linked to
at least one(1) supplier invoice.
### Default Gst Tax Code in Purchase and Sales Billing entry screens
-For purchase entry screen, the default Gst Tax Code checking as below : (refer Page 16,buttom of More Info Page) Supplier >> Item >> Item Group >> Default Tax Code
-For sales entry screen, the default Gst Tax Code checking as below : (refer Page 13,buttom of More Info Page) Delivery Address >> Customer >> Item >> Item Group >> Default Tax Code