Introduction

At Financio we are constantly improving and adding new features to continue supporting your business accounting needs. This time, we are shipping a ton of fresh and some improved version of the features on Financio for you. Check it out now!

Update highlights:

1. SST 02A for Imported Services [Malaysia]
2. Proforma Invoice
3. Search Function for SKU and Product Name 
4. Create Multiple Invoice at one go

SST 02A for Imported Services

We've added SST 02A for non-SST registered businesses to track their imported taxable services.

26A. (1) Any person other than a taxable person who, in carrying on his business, acquires any imported taxable service shall—
(a) account for the service tax due in a declaration as may be prescribed and the declaration shall be furnished to the Director General; and
(b) pay to the Director General the amount of service tax due and payable by him, not later than the last day of the month following the end of the month in which the payment on the service has been made by him or invoice is received by him.

Source: https://www.nbc.com.my/blog/service-tax-sst-for-imported-taxable-services/ 

To activate SST- 02A, head over to control panel > taxes and select add a new tax.

Proforma Invoice

Yes! Proforma invoice is here folks. We've added Proforma invoice to our sales module, so the next time you raise an invoice do check this out.

Search Function by SKU and Product Name

We have been told that it's often hard to find SKU code and Product Name when there are too many. So! our developers have added a search function so that you can simply search for the SKU or Product Name when issuing your invoices.

Improved Workflow

Creating multiple invoices has just got even easier. You no longer have to switch between the Sales tab and Invoices to create new invoice. Simply check the "Create another" box at the bottom of the Invoice screen and hit Save.