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31.315.216 - PU 502 (Globe+): Non-deductible VAT and VAT charge calculation enhanced (United Kingdom and International legislations)

The non-deductible N line will not be created when the non-deductible VAT and VAT charge are entered. This is similar to other legislations, such as Dutch, Belgium, Luxembourg, French, and Spanish.For...

22.176.687 - Product Update 402: Managing your creditors (Australian, Russian, International, Middle East, Polish, Thai, Singaporean, Indonesian, Malaysian, Philippines, Vietnamese, Romanian, Moroccan, Japanese, Spanish, French, Italian legislations)

By Sumathi K. Karalasingam

The following changes are implemented and applicable only for Australian, Russian, International, Middle East, Polish, Thai, Singapore, Indonesian, Malaysian, Philippines, Vietnamese, Romanian, Morocc...

20.787.347 - Product Update 399: Conversion of Default Currency from Netherlands Antillean Guilders to US Dollars (Dutch and International Legislations)

By Suthichana Tharmapalan

The Netherlands Antilles is scheduled to be dissolved as a unified political entity on October 10, 2010. As such, the islands of Curacao and St. Maarten will become autonomous parts of the Kingdom of ...

20.520.415 - Product Update 398: Revaluation Method per Invoice Group Available for All Legislations

By Suthichana Tharmapalan

Revaluation per invoice group is used so that you can perform a revaluation that does not change existing invoices and the invoices remain at the original exchange rate. The revaluation is done per de...

20.072.520 - Product Update 396/397: Default Value-Added Tax (VAT) Codes for European Union (EU) Countries when Making Logistics and Financial Entries

By Suthichana Tharmapalan

IntroductionAs of 1 January 2010, there have been changes to the current value-added tax (VAT) accounting and reporting processes. For one of the VAT systems, the European Community (EU) Sales List, t...

19.635.619 - Product Update 395/396: New Value-Added Tax (VAT) Rules for European Union (EU) Countries

By Sumathi K. Karalasingam

IntroductionAs of 1 January 2010, fundamental changes to the current value-added tax (VAT) accounting and reporting processes must take place. These significant changes include rules on place of suppl...

18.786.992 - Product Update 393: Availability of Revaluation Method per Invoice Group (International Legislation)

By Chun Sing Hau

IntroductionRevaluation per invoice group is used so that you can perform a revaluation that does not change existing invoices and the invoices remain at the original exchange rate. The revaluation is...

18.456.340 - Release 392: Non-perpetual inventory supported in Rental and FieldService

By Former employee

In release 392, non-perpetual inventory is supported. When the following conditions are satisfied, fulfillment entries are created according to the logic of non-perpetual inventory:Legislation is one ...

17.779.816 - Release 390: VAT Screen Displayed When Processing Payments and Printing Deposit Report (Czech Republic, Hungarian, Malaysian, Moroccan, Slovakian, Romanian, Russian, Singaporean, and International Legislations)

By Wan Chee Lau

Menu pathIntroductionIn cash flow entries, the additional VAT information can be added to the payment slip printed from the VAT screen displayed for Czechs, Hungarian, Malaysian, Moroccan, Slovakian, ...

17.415.574 - Release 390: Asset Depreciation by Day (Spanish, Malaysian, Hungarian, Vietnamese, and International Legislations)

By Kelvin Yong Sze Shung

PurposeIntroduction All the assets of a company are subjected to depreciation. The practice of asset depreciation requirements vary from country to country. Some countries require that depreciation be...

17.376.324 - Release 390: Enhancement to Country of Origin per Item for Intrastat in Purchase Order

By Gregory Lee Joo Seng

IntroductionIntroductionThe Country of Origin per Item for Intrastat in purchase orders generated from Purchase/Entries/Purchase orders is implemented in release 380 for EU countries. For more informa...

16.773.653 - Release 390: VAT to Report General Ledger Account

By Michelle Low Wai Yee

IntroductionBefore the VAT return, user will compare the balance of the revenue and costs general ledger (GL) against the balance to the VAT to pay and VAT to claim GL. When all the VAT balances are c...

16.588.378 - Release 390: Non-deductible VAT Supported in Multiple Tax Module

By Wan Chee Lau

Menu pathIntroductionThe non-deductible VAT functionality in the purchase journal is implemented in Exact Globe within the standard functionality of VAT. Besides the VAT functionalities, the multiple ...

16.449.985 - Release 390: Exchange Rate Always Based on Advance Payment Upon Matching

By Angellyn Low Ai Pek

BackgroundIntroductionWith the implementation of Advance invoice functionality, user is required to match the advance payment against the advance invoice term generated, in order to generate the final...

16.267.467 - Release 381: VAT Cash System Supported on VAT Return

By Wan Chee Lau

Menu pathBackgroundIn some legislations (Europe as well as Latin America), VAT can be declared by the company in two different systems:By invoice date/invoice system (classic system).By payment date/c...