Financio Version: 1.3.29 | Release Date: 21 Nov 2019 (Thursday)
Key Highlights in release Ver 1.3.29:
- We have added account level function. Chat of account with 3 Level : Main Account (Asset), Header Account and Sub account.
- Flexible first financial year, now support 1 - 18 months financial period for the first financial year.
- Added 3 new templates for invoice.
- Improve statement of account and reconciliation report presentation.
- Updated SST Compliance [MY Users]
PREMIUM ONLY UPDATES
No. |
Description |
Note |
1 |
3 exciting new templates |
3 exciting new templates for:
To change invoice template: Go to “CONTROL PANEL” > “BUSINESS SETTING” > “FORM DESIGN” |
2 |
SST Compliance [MY Users] Service tax Due Requirement from Royal Malaysian Customs:If not received any payment within 12 months from date of service was provided, shall be due on the day following period of 12 months. |
Now you can see the new field for service tax date ( applicable for service industry). If service already provided but payment not received after 12 months, Financio will automatically file it to SST Detail report based on Service was provided date. |
3 |
SST Compliance [MY Users] Imported Taxable Service Requirement from Royal Malaysian Customs: When the payment is made or invoice is received for the services (whichever is earlier) |
Case A: Invoice earlier - Follow invoice date The example Invoice date is on 13 Nov 2019 and the payment date is on 28 Nov 2019. So SST for imported taxable service will base on invoice date.
SST report CASE B: Payment received earlier than the invoice date: Invoice Date is on 6 May 2020 Payment Date is on 4 Mac 2020. So the SST report will follow Payment date.
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4 |
SST Compliance [MY Users] Invoice requirement for exemptions service tax Requirement from Royal Malaysian Customs: The invoices must include Name & Address of the customer, Service Tax Registration No and Total Service Tax Exempted. |
Invoice Requirements for “Service Tax Exempted”
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5 |
SST02A Service tax has option between accrual and cash basis [MY Users] |
To add SST-02A into your tax:
Click “SAVE” to finalize your tax setting. |
6 |
Integration with RHB [MY Users] |
Now Malaysia users can link the Financio account with RHB bank. To activate this integration function :
3. You will see “RHB Bank Berhad”, click “CONNECT” to connect your Financio account with RHB Reflex. |
7 |
PayNow QR code is available on all 6 Invoice Templates [SG Users] |
Previously only Template No 1 support the PayNow QR. However due to popular request, we added this to all invoice templates.
We relocated the PayNow QR setting to below new location:
If you have not register PayNow Corporate for your business yet, click at the “CLICK HERE” under PayNow Settings. We listed all banks that support PayNow, simply click your bank logo to get more information: |
IMPROVEMENTS (ALL USERS)
No. |
Description |
Note |
1 |
Account level ( With Sub-Account, you can create group under Chart of Account. |
With Sub-Account, you can create group under Chart of Account: Example as per below : Utility Expenses (Main):
2. Click on “New Balance Sheet Account”: 3. If you want this new account to be a sub-account, click the toggle and select the Parent Account. Then click “SAVE”. NOTE: You can also add sub-account for CATEGORIES ( Profit and Loss Accounts) |
2 |
First financial year, user can Setup from 1 - 18 months financial period for the first financial year |
To edit “First Financial Year Period:
NOTE: “START DATE” also editable as long there is no transaction yet. |
3 |
Show Credit Balance on Statement of Account |
Now “Statement of Account” will show “Credit Balance”: |
4 |
Updated reconciliation report Reconciliation Report now split to 4 sections. |
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5 |
Set “Default Note” for Delivery Note |
Now you can set a default note for all your Delivery Note. To setup that, kindly follow the step below:
Type your custom message and click “SAVE" |
6 |
Bug Fixed |
FIXED: Rounding error when converting Multi-Currency for Payables & Inventory. |
7 |
Singapore Address & UEN [SG Users] |
All Singapore address will follow SingPost recommended format: [name of addressee] [block number and street name] [floor – apartment number + building name] [name of town + postcode] In addition, all Singapore companies will use UEN (Unique Entity Number) a 9- or 10-digit alphanumeric code issued by the Singaporean government to all entities that operate within Singapore. |
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