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25.539.247 - Product Updates 407 and 406: VAT reversal calculation adjusted for Flexible VAT system

The VAT reversal calculation for invoices that have been written off has been revised to adopt the full reversal calculation in this product update. The same effect reflects on the partial payments wi...

25.262.634 - Product Updates 407 and 406: Prepayments can be matched with invoices using Flexible VAT system

By Jo-Anna Goh Li Ping

The flexible VAT system (cash based VAT) was available in Exact Globe Next since product update 381 (see Release 381: VAT cash system supported on VAT return). However, there were limitations to the u...

24.681.482 - Product Update 407: VAT cash system report has been added

By Jo-Anna Goh Li Ping

In certain countries, some companies are required to use the cash based VAT system instead of the invoice system, whereby VAT payment will only be paid once payment is made. As of year 2013, the invoi...

24.676.702 - Product Update 407: Multiple taxes supported for XML financial and SDK with flexible VAT system

By Jo-Anna Goh Li Ping

In product update 405, XML and SDK functionalities were supported for multiple taxes for the invoice system (see Product Update 405: Multiple taxes supported for XML financial and SDK). In Exact Globe...

24.384.459 - Product Update 405: Enhancements to cash-based VAT system

By Jo-Anna Goh Li Ping

Some companies are required to use the cash-based VAT system (see Release 390: Extension of cash-based VAT system in bill of exchange and payment in transit). VAT overviewIf the cash-based VAT code is...

22.275.722 - Product Update 402: Ability to edit payment reference value when processing bill of exchange for multiple invoices (Moroccan and French legislations)

By Sumathi K. Karalasingam

You can now edit and save the value at the Payment reference field when processing the bill of exchange for multiple invoices. The following changes are implemented and applicable only for the Morocca...

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...

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 ...

18.202.865 - Product Update 392: Bulk Processing of Letters of Credit (Spanish, French, and Moroccan Legislations)

By Suthichana Tharmapalan

Introduction A letter of credit (LOC) is often used in international trade to reduce risks such as unfamiliarity with a foreign country or political instability. It is a binding document that you c...

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, ...

17.594.792 - Release 390: Automated Non-perpetual Inventory Process for Project Realization (Belgium, French, Italian, Luxembourg, Morrocan and Spanish Legislations)

By John Cheok Chee Yoong

Introduction The automated non-perpetual inventory process was implemented in release 380. The automated process is required to include the order fulfillment transactions generated vai project realiza...

17.485.839 - Release 390: Enable Fulfillment Date for Financial Overviews (Polish, Czech, Hungarian, Russian, Moroccan, Malaysian, Italian, Slovakian, Vietnamese, Columbian and Singaporean Legislations)

By Siok Pei Goh

IntroductionIntroduction For Polish, Czech, Hungarian, Russian, Moroccan, Malaysian, Italian, Slovakian, Vietnamese, Columbian, and Singaporean legislations, users are able to enter the fulfillment da...

16.744.627 - Release 390: Bill of Exchange - Letter of Credit for Creditor (French and Moroccan Legislations)

By Jo Ann Lee

BackgroundIntroductionWhen making an invoice payment using the Letter Of Credit (LOC) payment method, the common business practice in France and Moroccan required that financial entries to be generate...

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 ...

14.850.002 - Release 380 : Improvements of cash slip layout

By Ivan Wang

BackgroundBackground In release 370, new functionality for petty cash has been added to Exact Globe as described in release note:Release 370: Improvements of cash slip layout (Russian Legislation). Al...