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41 Sage 50 Bad Debt Relief

42 Sage 50 - Changing of taxable period from 3 months to 1 month due to total annual sales increased to more than RM 5 Million

Scenario: Taxable period for your company is 3 months initially. After completed 1 GST submission, the taxable period needs to be changed from 3 months to 1 month due to total annual sales increased to more than RM 5 Million. Initial setup Steps: In this…

43 Sage 50 - Closed Period

44 Sage 50 - How to finalize the GST return so that system will proceed with the GST Return for new taxable period ?

Scenario : How to finalize the GST return so that system will proceed with the GST Return for new taxable period ? Steps : 1. In the GST Return, click on Save as Final after you have verified your GST reports and confirmed the amount are correct. Using the…

45 Sage 50 - I just received a supplier invoice dated few months ago, how can I claim the input tax in the current taxable period ?

Scenario : My current taxable period now is April 2016. I just received a supplier invoice dated December 2015. How should I enter the invoice so that I am still able to claim the GST Input tax ? Solution : a) Setting In the Inventory & Billing Settings,…

46 Sage 50 - Why is the blocked input tax transaction being shown at the 6(a) and 6(b) in GST-03 ?

Scenario : The blocked input tax transaction being shown at the 6(a) and 6(b) in GST-03 Solution : Check the tax maintenance for BL tax code, make sure the Tax Type is blank. Please also take note that, it is recommended that the GL account for blocked input…

47 Sage UBS and Sage 50 - Handling of Malaysia Tourism Tax

This guide is prepared to assist you on how to handle Tourism Tax (TTx) in Sage product. Please select the correct product that you are using right now.