Gift Rule: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| (3 intermediate revisions by one other user not shown) | |||
Line 3:
Gift rule is for user to record their gifts.
Go to ''<span style=color:red>GST > Gift Rule</span>''▼
▲Go to ''<span style=color:red>GST > Gift Rule</span>''
[[File:Gift Rule 1.png]]
Line 40:
'''After save, proceed with new Gift Rule:''' When this is checked, a fresh screen will be ready for new gift rule upon Save; if unchecked will exit the transaction screen upon Save.
Click on ''<span style=color:red>Save</span>''.
If accumulated gift amount of current debtor, creditor or names for the fiscal year is below RM 500, save complete without any further action. If more or equal to RM 500, system will prompt user to generate journal to account for output tax. Click Yes to save and generate journal for output tax.▼
▲If accumulated gift amount of current debtor, creditor or names for the fiscal year is below RM 500, save complete without any further action. If more or equal to RM 500, system will prompt user to generate journal to account for output tax. Click ''<span style=color:red>Yes</span>'' to save and generate journal for output tax.
[[File:Gift Rule 2.png]]▼
▲[[File:Gift Rule 2.png]]
*Output tax will be calculated from the total gift amount for that fiscal year. Consequences gift rule in future will calculate only on the new gift amount since the old record had already been account for GST. Every new fiscal year will reset the accumulated gift amount.▼
▲
[[Category:Users]]
{{NavigateForUser}}
| |||