Migration System Features-How to handle the GST Past Documents Opening Balance for Customer and Supplier

How to handle the GST Past Documents Opening Balance for Customer and Supplier?

Introduction

This guide will teach you the way to handle the past outstanding documents for Customer and Supplier from previous accounting system. We are ensure that the data migration part go smooth with GST matters happened in previous system likes bad debt relief and non-refundable deposit.

Overview of the GST Past Documents for Customer and Supplier:

Step by Step to enter the GST Past Documents

1. Let's said under the Tools | Options... I have set the following:-

Financial Start Period : 01 Jan 2016

System Conversion Date : 01 Feb 2016 (Cut-off Date for Opening Entry)

2. See below screenshot:

1. Click New.

2. Follow the below SETTINGS to create.

Field Name	Field Contents
Code	ND-0 (Recommended code)
Description	Non-Deductible
Tax Type	(Non GST - Both Sales & Purchase)
Tax Rate	0% (please key-in)
Tax Account	GST-301 (This field is compulsory. Due to tax rate is 0%, therefore no posting)
Tax Inclusive	Untick

3. Click Save. See below screenshot.

NOTE : 

Do not click the tax rate arrow key down if the tax account is not defined yet.

Data Entry for Non-Deductible

For Purchase Invoice

1. Insert a new detail row and key-in the total input tax not going to claim.

2. Select the tax code "ND-0".

3. See below screenshot.

For GL Cash Book

1. Insert a new detail row and key-in the total input tax not going to claim.

2. Select the tax code "ND-0".

3. See below screenshot.

NOTE: 
Please ensure you understand the Non-Deductible expenditure from your auditors before you apply this guide.

How to analyse the total tax amount from Non-Deductible?

[ GL | Print Journal of Transaction Listing...]

1. Select the date range to APPLY.

2. Filter at the Tax grid column. See screenshot below.

3. You can see the non-deductible transactions filtered by ND-0.

4. From this instance, the total non-deductible expenditure amount is Rm3030.00