Where to change tax code setting?

Effective date from 01/03/2024, government will expand service tax to cover logistics, brokerage, underwriting and karaoke, and will increase the service tax rate to 8%, but will maintain the 6% rate for services such as food and beverages and telecommunications. Service tax rate at 6% would also be imposed for parking and logistics, the Finance Ministry had said.

Below is the location for set the tax code setting:
Tax – Tax Code Maintenance.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz

WHAT’S NEW AUTOCOUNT IN VERSION 2.1.0.1

• Update of minimum requirement .Net Framework 4.8.
  To use AutoCount Accounting 2.1, your machine is required to have .Net Framework 4.8. Most of the OS currently comes together with a built in of .Net Framework 4.8. For normal windows, you can access this from Control Panel > Program and Features > Turn Windows features on or off. For windows server, this can be access from Server Manager > Manage > Add Roles and Features > Role based or Feature Based Installation.
  
  
• Intelligent Costing.
  A new function – Intelligent Costing will be introduced in this version of AutoCount Accounting. Its main purpose is to auto calculate your item cost in the background and you no longer need to manually trigger the function “Recalculate Stock Costing”. This function is suitable and useful for companies with heavy volume of transactions. This function is an additional module.
  
  
• Undo and Redo
  You accidentally deleted some info that is keyed in the transactions? Wish to revert some mistakes you made in data entry? Don’t worry while our system get you covered with Undo and Redo function! Similar with other Undo and Redo feature that you can find from other applications (EG: Word, Excel, Power Point etc), you can now reverse your previous actions that you had made in AutoCount Accounting 2.1 as well.
  
  Currently this feature is implemented for document entries only. To be precise, it works at the UI level of the entry form which means only actions perform at the UI can be Undo or Redo. Example of UI level actions are like editing field values which you can see from the entry forms (edit unit price, description field etc), adding or removing detail lines and so on.

• User Maintenance to show Active User only
  Our User Maintenance is enhanced with a new checkbox to show only active users. This can be done by checking the new checkbox “Show Active Users only” at the top right-hand side of User Maintenance. This option is useful to filter out for better searching of users if there are many inactive users.

• Footer at Deposit Outstanding Report
  We also had added footer for Outstanding ARAP Deposit Report. This is to provide extra conveniency for users to see the total outstanding of all deposit records.

• Add Purchase Consignment Movement Report
  We had added a new Purchase Consignment Movement Report for Purchase side. This report is works similarly to Sales Consignment Movement Report with the difference of this report captures and process the data for Purchase Consignment instead. This report can only be access if you have Consignment module. It can be found under Purchase > Purchase Consignment Movement Report
  
  
• Access Right for adding Batch No
  A new access right had been introduced to control who has the access to add Batch No. You can find this access right from your Access Right Maintenance > AutoCount Accounting > Stock > Stock Item Maintenance > Edit Stock Item Batch. The purpose of adding this access right is to control some of the users to not allow them to edit Item Maintenance but able to create new Batch No from purchase side (Goods Receive Note or Purchase Invoice). Example a storekeeper which handles stocks everyday might need to create this Batch No when he receives stocks from supplier.
  
  
• Bank Slip to change Numbering Format and added Access Right
  You can now change numbering format for Bank Slip. To add new format for Bank Slip numbering you can go to General Maintenance > Document Numbering Format Maintenance > Under Category GL > DocType> Bank Slip. After adding a new numbering format, you can then select this different numbering format when you generate your Bank Slip.
  
  
• Option to Ignore Stock Transfer or UOM Conversion for Stock Aging
  A new option had been introduced in Stock Aging Report – “Ignore Stock Transfer or UOM Conversion”. This option is useful for those that wish to see their stock aging from the beginning when they receive. An example will be provided below to show the difference of this option.
  
  
• Others
  Some other key highlights of this version which does not require further explanation:
  1) Support Save Layout Function at Easy Item – You can now save your own specific layout at Easy Item so that there is no need to always access column chooser and drag out the fields that you need.
  
  2) Default unchecks “Merge Detail” checkbox during transfer – To provide better adaptability for users that upgrade from 1.9, we will default uncheck the “Merge Detail” checkbox during transfer.
  However, the remember previous selection feature is still applicable where if someone tick this checkbox to transfer before, the next time it will remain check.
  
  3) Reorder Advice Generate Purchase Order exclude 0 Order Qty Items – This is an enhancement to reduce redundancy where previously it will still auto add in a line to order this item but with Qty 0.
  
  4) Renamed “Remaining Amount” to “Remaining Amount (Transfer by Value)” at Outstanding Sales Order Listing and Detail Listing – This column had been renamed to show the actual meaning to
  avoid confusion.
  
  5) Add Order Qty column at Stock Assembly Detail Listing – You can now check their Order Qty from Stock Assembly Detail Listing. This column is also added at Report Design so it can be drag out for
  printout purpose if require.
  
  6) Add Reason Column into Detail Listing Report – You can now check their Reason field at Detail Listing Report. This is to provide conveniency to view it on screen.
  
  7) Audit Trail to record details on saving below Minimum Price or higher Maximum Price – If the data entry user does not have the right to perform such action, usually this will be authorized by someone
  with higher authority. However, in previous version, such authorization is not recorded in Audit Trail, but this had been improved now.
  
  8) Support New Currency KZT – You can now create account book with home currency KZT. This is the currency for Kazakhstan.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/ 

NEW ENHANCEMENTS: CLOUD PAYROLL MOBILE APP

We are glad to announce 7 new enhancements to our Cloud Payroll mobile app. These improvements are designed to help you save more time, streamline your processes, and enjoy a smoother, more user-friendly experience.

Stay tuned for a more efficient payroll journey!

1) New Layout for “Login Screen”.

2) New Layout for “Claim Request”.

3) New Layout for “Leave Display”.

4) Apply Next Year’s Leave in Advance.

5. New Indicator in “Leave Approval”.

6. Enhanced Screen for Request “Overtime and Adjustment”.

7. Enhanced “Claim History”.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz

What’s New AutoCount Accounting 2.0

1. AutoCount Server
   • AutoCount server is mandatory to install in server pc for AutoCount Accounting 2.0.
   • It is used to setup AutoCount backup port, backup / restore setting, auto backup and licensing too.

2. Home Screen Widget
– AutoCount 2.0 Home Screen support Widget function.
– It allows user to add in Functional Widgets such as Aging Graphs, Sales Purchase Graphs etc.
– The designed Home Screen will be auto-saved and user will be able to get back the same screen design during the next login.
– This guide will demonstrate 3 sections:
> Access Right

> Accessing Widget

> Adding Widget

3. AR & AP Multiple Forfeit and Refund
• AR / AP Forfeit & Refund is made for unused deposit (not same as A/R Refund Entry)
• Forfeit mean something that is loss or surrendered as a penalty
• Refund mean returning money previously received from deposit

4. Stock Disassembly
– Stock Disassembly – is a reversal of Stock Assembly.
– Disassemble finished goods and get back to its raw materials.
– Decrease stock quantity of finished goods and increase stock
quantity of raw material items.
– Raw material cost will be fraction and calculated from Finish
Goods cost

5. Purchase Request (PQ)
– There are few functions from PQ windows:
– New, Edit, View, Find, Preview, Print Listing, Delete, Refresh, View Cash Flow.

• Transfer to other documents
  – Purchase Request can be transfer to;
  > Request Quotation (RQ)
  > Purchase Order (PO)
• Purchase Request without approval, cannot be transfer to other documents.

6. Consignment

• AutoCount Accounting 2.0 had improved its Consignment Function.
• The Consignment Feature support both Sales / Purchase side.
• The Consignment now uses the transfer behavior to link between Invoices or Returns.
• User can generate Consignment Listing or Outstanding Consignment Reports from AutoCount.
• User can also check Consignment Stocks Balance from Stock Reports.
• There is also a new Consignment Movement Report for user to trace their Consignment Item
  Movements.

7. Merge Item During Transfer

• This guide demonstrates function of merging stock item during transfer when you partially/fully transferred from more than one (1) documents.
• This guide will use two (2) scenarios,
• Merge Detail Item.
• Merge is untick.

8. Customize Layout

➢ Allow interface layout to be custom-made for users
➢ More convenience and flexible for users to design and show the layout based on their own
requirements.
➢ Customize layout can be done in Stock Inquiry, Stock, Sales and Purchase Transactions
➢ Layout can be set from Column Chooser.

9. Recurrence

This feature allows user to set recurring transactions either generated manually or automatically.
It can be set by daily, weekly, or monthly.

Recurrence can be set in the documents :
1) Cash Book
2) Journal Entry
3) AR documents
4) AP documents
5) Sales documents
6) Purchase Document.

10. Template

• Template is a new function in AutoCount Accounting 2.0, available for GL / Sales/Purchase.
• Template allows user to preset data in such as Debtor/Creditor, Items, Qty,
  AccNo etc. in the entry and load it the next time without needing to rekey in everything again.
• This will save a lot of time and reduce human errors. User just need to load the template and edit the template.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/ 

AutoCount – MSME Digitalisation Grant 2023

Get 50% or up to RM5,000 MSME grant with AutoCount
(* Limited quota only)

You are entitled to get 50% or up to RM 5,000 of the grant when you purchase new solutions from AutoCount.

AutoCount is one of the appointed Digitalisation Partner (DP) under the MSME Digitalisation Grant 2023 initiative for SMEs.

Eligible Products

• AutoCount Accounting
• AutoCount Cloud Accounting
• AutoCount CloudPayroll

Applicant Eligibility

• The company is at least 60% owned by Malaysian.
• The company registered under SSM/PBT.
• The co-operative registered under Suruhanjaya Koperasi Malaysia (SKM)/Lesen Professional.
• Company/co-operative that has a minimum annual sales turnover of RM50,000.
• Company/Co-operative that has operated at least six(6) months.
• Not eligible for those who received Digitalisation Matching Grant before.

Document Required
> Complete application form.
> Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), Co-operative representative whichever is applicable.
> Copy of business registration licenses (SSM or other relevant forms) under the Companies Act 2016. SKM registration certificate for co-operative.
> Company’s bank statement for the last two (2) months OR audited financial report OR latest account statement.
> Invoice/billing from authorized Digitalisation Partner like AutoCount.

Application Workflow
1) MSMEs submit application online.
– Bank/financial statements.
– IC.
– Purchase invoice.
– etc.

2) Eligibility check & KYC.

3) MSMEs make payment to Digitalisation Partners (DPs).
– MSMEs required to make payment within 30 days.
– Digital payments (via platform) simplify reconciliation.
– Payments directed to BSN CASA account.

4) DPs deliver service & submit claims.
– DPs can submit claims post service delivery.

5) BSN disburses grant to DP.
– Grants disbursed to BSN CASA account.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/ 

LHDN introduce e-Invoice in 2024

Introduction
An e-Invoice is a digital representation of a transaction between a supplier and a buyer. e-Invoice replaces paper or electronic documents such as invoices, credit notes, and debit notes.

An e-Invoice contains the same essential information as traditional document, for example, supplier’s and buyer’s details, item description, quantity, price excluding tax, tax, and total amount, which records transaction data for daily business operations.

Benefits of e-Invoice
The implementation of e-Invoice not only provides seamless experience to taxpayers, but also improves business efficiency and increases tax compliance. Overall benefits include:

• Untitled Invoicing process.
  – Streamlining of transaction document creation and submission, and automation of data entry for transaction made.
• Facilitated tax return filling.
  – Seamless system integration for efficient and accurate tax reporting.
• Enables streamlining of operations.
  – Enhanced efficiency and significant time and cost savings for larger business.
• Digitalized financial reporting.
  Aligns financial reporting and processes to be digitalized with industry standard for micro, small and medium sized enterprises.

Overview of e-Invoice

Source: https://www.hasil.gov.my/en/e-invoice

e-Invoice Implementation Timeline.

Sample E-Invoice

Reference

1. Seller’s & Buyer’s Tax Identification Number (TIN)
2. Company / Business Registration Number
3. E-Invoice Date
4. E-Invoice Unique Serial Number
5. Product Code (Barcode / QR)
6. Product / Service Description
7. Transaction status
8. Details of product / service (Quantity, unit price)
9. Discount offered
10. Itemised amount payable excluding tax, tax amount, amount including tax and tax rate / tax relief
11. Total amount payable including tax

根据内陆税收局（LHDN）最新的消息就指出，电子发票系统（e-invois）将会分阶段落实，明年将会是指定企业试点落实。一旦电子发票系统全面落实推行之后，民众就不需要保存发票长达 7 年了。

据悉，电子发票系统（e-invois） 将于 2024 年 1 月份开始对指定的企业进行试点推行。在 2024 年 6 月份时，则会对营业额超过 1 亿令吉的企业强制要求使用电子发票系统。

到了 2025 年 1 月份时，则会对营业额超过 5000 万令吉的企业强制使用，以及在 2026 年 1 月份时则对营业额超过 2500 万令吉的企业强制使用。最后到了 2027 年 1 月份时，所有企业都必须使用电子发票系统

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/ 

Benefits Of AutoCount Cloud Accounting

Save Time

Everyone knows that time is money, and the more time it takes to finish a task, the more cost you will incur and need to pay. High-volume manual tasks usually prone to human error. Mistakes are costly, and it also takes time to rectify them.

Work From Anywhere, Anytime, On Any Devices

As logn as the internet is accessible, Cloud Accounting is always there to perform her duties as you wish. What you need is just a device, either a PC, mobile phone, tablet, or laptop. Accessibility becomes limitless, so does your business.

Collaborate With Ease Between Accountants And The Internal Business Team

It is so much easier to collaborate the jobs and duties of users accessing from different locations and levels, but to the same database and platform. All inputs, billings, postings, and reports are instantly completed, and according to the access rights setting.

Value For Money

Low initial cost. Think about how much you could save on hardware, storage, security facilities and other IT costs such as dedicated personnel to handle server maintenance, office network, fix bugs.

Real-Time Data

Cloud Accounting allows you to have a clear overview of your current financial position on a real time basis. By being able to access your financial data and information instantly, you will be able to make more informed business decisions with less delay.

Secure

As a business owner, you might be worried about the security of your data. But the cloud is actually one of the most secure ways to store information. Your accounts and records are all saved and backup in a secured cloud environment like Microsoft Azure. Unlike physical data storage devices or computer hard drives, the data can get stolen or damaged due to natural disasters.

Maintenance-Free

Software updates automatically mean no more hassles on downloading and installing updates or newer versions from time to time. You always enjoy the latest version and features once it is made available.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/ 

Introducing Time Attendance

Time Attendance will help you to track and monitor your employees’ clock in and outs on the go.

Time Attendance gives you the flexibility on Attendance Settings based on Geolocation, WiFi, and/or Bluetooth.

Time Attendance will allow your employees to attend by their smartphone.

Reports Available in Verify and Amendment Section including:

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/ 

Announcement: Accounting 1.X & POS 3.X End-of-Life

Auto Count (hereinafter as we) would like to announce that AutoCount Accounting 1.X and AutoCount Point of Sales (POS) 3.X will enter its End-of-Life phase on 31/03/2023. This means that after 31/03/2023, there will be no more bug fixes, mandatory enhancements such as SST requirements or software updates for Accounting 1.X and POS 3.X.

As AutoCount Accounting 1.X and POS 3.X series have been in the market since 2006 and the technology applied is no longer sufficient to support future development. Users are encouraged to upgrade into a newer generation system – Accounting 2.0 & POS 5.0, as all our functions and features are built based on latest technology for better user experience with additional features which could benefits you.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/ 

autocount CLOUD ACCOUNTING

Advantages:
– Anytime, Anywhere, Any Device
Accessibility Becomes Limitless, So Does Your Business
As long as internet is accessible, AutoCount Cloud Accounting is always there to perform her duties as you wish. What you need is just a device, either a PC, mobile phone, tablet, or laptop.

– Low Initial Cost
Big Saver On Server and Storage Hardware
Think about how much you could save on hardware, storage and security facilities.

– Maintenance free
Software is Auto Updated
Software updates automatically means no more hassles on downloading and installing updates or newer versions from time to time. You always enjoy the latest version and features once it is made available.

– Collaborative Access
Multiple Users’ Access is Better
It is so much easier to collaborate jobs and duties of users accessing from different locations and levels, but to the same database and platform. All inputs, billings, postings, and reports are instantly completed, and accessible according to access rights setting.

– Secured Database
Your Data is Auto-Backup and Protected
We care about security as much as you do. Your accounts and records are all saved and backup in a secured cloud environment through Microsoft Azure.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat
Email : infor@vivid.com.my
Website: http://autocountsoft.biz/