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How does the Inventory & Billing system affect the Accounting system and GAF?
Author: Irene Mok Reference Number: AA-03043 Views: 3699 Created: 2015-04-01 13:07 Last Updated: 2015-04-01 13:07 0 Rating/ Voters

Sales and Purchases transactions are advised to be entered in Billing system if inventory management is not required; or in Inventory & Billing system if inventory management is required.

GST-03 Return and GAF report are both generated from Accounting system.

Thus, the sales and purchase transactions entered in Billing or I&B system must be posted over to Accounting system before the GST-03 Return [summary] and GAF report [detailed] can be generated.

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