GST Malaysia – How To Setup Your Invoice & Business Software

Malaysia introduced a goods and services tax (GST) in April of 2015. The GST replaces the previous sales and service tax system used in Malaysia for many years. The new GST system introduced in Malaysia is similar to that of other countries already employing a GST system. However, some difference exists in the tax rate as well as the types of taxable supplies and purchases.

Who Is This For

This article is aimed at businesses based in Malaysia who are registered or planning to register for GST and wanting to get their business or invoicing software GST ready. Bear in mind that after you register for GST, you will be required to file quarterly returns with the relevant authority. So it is best to get it right from day one. By the end of this article, you will know what is needed to adapt your business software so it will create GST Malaysia compliant tax invoices, credit, debit notes and quotations/ estimates. You will also be able to generate the necessary reports that provide you with the necessary information that will help you file your quarterly GST returns. Continue reading…

 

How To Choose An Invoice or Billing Software For Your Needs

When it comes to choosing an invoice or billing software we really are spoilt for choice. There really is a huge number of products and services to choose from each with their own feature set and pricing structure. Evaluating the various products available can be an overwhelming process especially if you are not sure what to look for. This article aims to break it down and list the most essential points to look for. By the end of this article you should have the knowledge to put you on the right track to picking right invoice or billing software product for business needs, tastes and budget. Continue reading…

 

Access Invoice Program From Ipad or Android

How to access your Instant Invoice or Ezy Invoice program from your Ipad, Android tablet or Laptop when your away from the office using Remote Desktop

You have you Instant Invoice n Cashbook or Ezy Invoice all set up and running nicely at your office PC. You’d also like to access it on your Ipad,  Android tablet device or small net book when you go back home or when you are travelling abroad on a business trip. Or perhaps you just want to create new invoices and email it to your customers from your Ipad while your working on-site at your clients premises. Continue reading…

 

Sample Purchase Order – What is it, how to prepare it , view samples

What is a Purchase Order or PO and when to use it ?

A Purchase Order or “PO” is a commercial document issued by a customer or buyer to a vendor or seller for the purchase of goods. Often the vendor would have first issued a “quotation” or “tender” to the customer for the supply of these goods. The customer upon acceptance of the quotation would then issue the purchase order based on this quotation. The purchase order is a legal offer to purchase. When accepted by the vendor, it is binding.

Continue reading…

 

Sample Quotation or Estimate – What is a quotation ? What To Put On It And Example Quotations

What is a quotation and when to use it ?

In business, a quotation is a document that a vendor or service provider would give to a customer to describe specific goods and services that they may provide and its cost. Besides the term quotation, it can also be referred by other terms like Bid, Quote, Estimate, Tender & Proposal .

You would normally prepare a quotation or estimate upon request by a customer. Continue reading…

 

Credit Note Or Credit Memo – What Is It? When To Use It And View Sample Credit Notes

What is the Credit Note for and when to use it ?

A Credit Note or Credit Memo is a document used to adjust or rectify errors made in a sales invoice which has already been processed and sent to a customer. If you have already sent an invoice to a customer but now need to provide a credit for that invoice, you would send them a Credit Note or Credit Memo. You can think of a credit note as a “negative invoice.” Continue reading…

 

Sample Invoice – What is an invoice ? What To Put On It And View Sample Invoices

What is the Invoice for and when to use it ?

The business invoice is an essential legal document prepared by a vendor or service provider and given to the customer or client to serve as a record of goods or services sold to the customer or client. The vendor or service provider needs to retain a copy as a record of their sales. The customer or client needs to retain a copy as a record of their purchase or expense. Continue reading…