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Default Tax Code selection
The system has 3 methods for automatically selecting a tax code during document creation time. the auto selection of tax code impacts on new documents, editing or duplicate existing document the auto selection has a different impact. Please take note ...
PEPPOL Tax Code
When receiving PEPPOL invoices, the tax code received is the output tax code. the system will need to know the corresponding conversion to input tax code. Ensure the IRAS Code has the correct selection. Set the corresponding PEPPOL Code.
GST Rate Change
On 1st Jan 2024 the GST rate will be changed. OCi will push out the new set of tax code to systems with active maintenance plans. Existing Tax codes on system will still remain. Actions on User side: Users will need to verify that the chart of ...
Tax registration module changes
With the release of the new GST rate updates new changes have been added to the tax registration module. These restrictions have been added to reduce user level errors: 1. new tax code can not be added by user. the module will now disallow creation ...
GST F5 values and Trial Balance/GL
F5 values may not match up with what the values from the TB or GL. this due to the values included in the F5. Entries that go into the F5. New transaction that have been created with the post date in the current period. New transaction that have been ...