This document does not allow to save, because it contains accrual and payment basis tax code
When you see the message prompted similar to the title,
this is to accommodate the new SST calculation of Sale Tax and Service Tax,
which Sale Tax is on "Accrual Basis", while Service Tax is on "Payment Basis".
- Accrual Basis is defined as, Sales Tax is payable when the invoice is created.
- Whereas, Payment Basis is after payment is received from customers for Service Tax.
However, if the payment is not received after 12 months,
it becomes payable regardless of whether the payment is received.
The difference between the two methods is the timing to recognize Payment Basis as Tax is deffered until
payment is received, or 12 months period.
Therefore for AutoCount Accounting to recognize these two occurrence whether it is payable tax,
separating them to two documents can clearly differentiate them in the finance and tax report.
Posted on 6 Sep 2018