GST – Page 3 – Solarsys

How to remove the GST Summary from an invoice?

Software: #QuickBooks #accounting software Although you have designed the invoice template with Subtotal, Tax Total (GST), and Invoice Total fields in the form footer, the GST Summary (Sales Tax Summary) is still automatically displayed after the last item. The GST Summary includes the tax rate and tax amount. For users with multiple tax codes on […]

Total payable in Singapore Dollars equivalent

Software: Intuit #QuickBooks accounting software Under the Singapore GST regulation, you are required to show the total amount payable, for both excluding and including of the GST, and both the GST rate and amount in Singapore Dollars equivalent on a foreign currency invoice. There are three methods of adding the Singapore Dollars equivalent for both […]

Print the amount payable of a foreign currency invoice in base currency equivalent in QuickBooks accounting software

Software: Intuit QuickBooks accounting software Although, the foreign currency invoice does show a base currency equivalent amount and an exchange rate used in the invoice, these fields are not available for print. Since the User defined fields in the template are limited, you may consider adding the base currency equivalent amount at the description area […]

Amount includes GST on Sales Report

Software: Intuit QuickBooks accounting software GST Output is a liability not an income. Hence, you can’t show a Profit and Loss report with the GST amount being added to the Income account. However, you can print a Daily Sales Summary report with a Net, Tax, and Gross amount of each invoice. From the Daily Sales […]

QuickBooks Sales by Customer Report

Software: Intuit QuickBooks Desktop accounting software GST (Goods and Services Tax) is a liability not an income account, hence when you print the Sales by Customer Summary report it prints only the sales amount (excludes GST), which is correct. You may consider using the Sales by Customer Detail report instead of the Sales by Customer […]

Update on Malaysia GST Form-03 report

Software: MoneyWorks accounting software Cognito has updated the Malaysia GST Form 03 report in MoneyWorks version 7.3. The new update includes a new Box 19 for the breakdown value of Output Tax in accordance with the Malaysia new Business Code. The Box 19 consists of three columns: MISC Code, Value of Output Tax, and the Percentage. […]