GST Accounting Software Malaysia

How to choose the Right

 GST Accounting Software?

Good GST accounting software revolutionizes the way you do business.

Don’t buy the accounting software because everyone is buying, understand your need and do your own research. Finalize that GST accounting software which is suitable for your business whether it is small size business or medium size business and that’s in your budget. The accounting software should easy to understand and operate.

In a market, you can find N number of GST accounting software with different prices that you can think of.

Some of them are a one-time purchase and some of them are a monthly subscription.

How will you choose the right accounting software for your business?

Here are some key points which help you to choose the rightGST accounting software for your small or mid-size business.

Key Points to look for right GST Accounting Software-

1.    It should be online accounting software for sure. (For small and mid-size businesses)

2.    It should have the good back up option that offers easy data export.

3.    It should have fast speed.

4.    Can be operated in both cloud and non-cloud environment (online as well as offline).

5.    Easy to use- You should buy software that is extremely user-friendly, especially if you are not a technology skilled person or from an accounting background.

6.    Choose the software that has the feature and benefits that you need not the one that you want, you can always upgrade later.

7.    PRICE -You don’t want to break the bank, you simply need the one which can provide you the most benefit for the cost.

8.    GST compliance-It should simplify all your GST Compliances, Invoices, Validation & to file your GST Return on time.

9.    Support- Support is the backbone of any business. Buying the GST accounting software is not important, getting the services when needed is equally important.

So you decide which features you would consider when you are choosing the accounting software for your small or mid-size business and that will help you make your decision.

HAVE A GREAT BUSINESS WITH RIGHT GST ACCOUNTING SOFTWARE.

Accounts- GST accounting software well equipped with all the features which make it as one of the Best GST Accounting Software.

What is GST?

Goods and Service Tax (GST) is an indirect tax levied on goods and services apart from those exempted by the GST law. It is the single tax on the supply of goods and services, right from the manufacturer to consumer. As it is one indirect tax for the whole nation, it is one step to make India a unified country.

Let’s understand this in the simplified term. Take a look at the real-time market scenario.

An item goes through from manufacture or production to the final sale. This undergoes through multiple stages.

•     The first stage is buying of raw materials.

•     The second stage is production or manufacture.

•     The third stage is warehousing of materials.

•     The fourth one is the sale of the product to the retailer.

•     And the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.

Visit: https://www.hiaccounts.com

Contact: 0341415073

Accounting Software for SME

GST Accounting Software

Accounting software defines a kind of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, general ledger, payroll, and trial balance. It functions as an accounting information system.

 Accounting software may be online based, accessed anywhere at any time with any device which is Internet-enabled, or it may be desktop based. It varies vastly in its complexity and cost.

Accounting software is usually constituted of various modules, each module consisted of different sections that with particular areas of accounting. The most common core modules are as follow-

Core modules

·         Accounts Receivables- where the company enters money received

·         Accounts Payables- where the company enters its bills and pays money it owes

·         General Ledger- the company’s “Books”

·         Purchase Order- where the company orders inventory

·         Sales Order- where the company records customer orders for the supply of inventory

·         Stock/Inventory- where the company keeps control of its inventory

·         Bookkeeping- where the company records collection and payment

·         Billing- where the company produces invoices to clients/customers

Non-core modules

•        Debt collection—where the company tracks efforts to collect overdue bills

(Sometimes part of accounts receivable)

•        Electronic payment processing

•        Expense Tracking—where employee business-related expenses are entered

•        Enquiries—where the company looks up information on screen without any edits or additions

•        Payroll—where the company tracks salary, wages, and related taxes

•        Reports—where the company prints out data

•        Timesheet—where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients

•        Purchase requisition—where requests for purchase orders are made, approved and tracked

•        Reconciliation—compares records from parties at both sides of transactions for consistency

•        Journals

•        Departmental accounting

•        Support for value-added taxation

•        Calculation of statutory holdback

•        Late payment reminders

•        Bank feed integration

best accounting software malaysia

HI Accounts 

Experience Hi Accounts with multi-user business solution with auto GST calculation         

  Choose the Best!

* Simple to enroll

* Easy to Handle

* Easy to track complete report

* Complete package of Account Integrated with Inventory Module available

* Auto GST Calculation

* Computer Generated GST03 form & save in HIaccounts folder

* Easy to Maintain Sales & Purchase and Inventory management and other accounting             activities                            

* Multi-User Accessibility   

* Customized your reports and Business Applications

* Effectively maintain your customer database

* Support Recurring Transaction

* We Provide Free Training sessions & Yearly Support Maintenance

For More details contact us on below given details

Tel: +60341415073      

Email: info@hiaccounts.com

Visit our Website: http://www.hiaccounts.com/

Price: Starts from RM-788

malaysia accounting software

Malaysia accounting software:

HIAccounts is one of the leading accounting and inventory software in Malaysia and Europe. HIAccounts keeping in mind that the accounting and tax laws of each country are different. 

HI Accounts is intelligent and precise business management software, for small and Mid-sized enterprises that enables you to manage all aspects of your business such as accounting, inventory, taxation, payroll and much more with ease.

What sets HIAccounts apart from its counterparts is that when the country is grappling with the repercussions of new Goods and Service Tax Act, we are ready to use GST software for all kinds of businesses and shall automate comply with the GST laws.

Our goal is customer satisfaction. We believe in under promise and over deliver. For us customer satisfaction is worthless and customer loyalty is priceless.

Managing business is a daunting task; HI Accounts automates day-to-day activities by using latest tools and techniques.

 It is one of the intelligent software in the world that uses the latest technology to stay in line with the current trend, easing the complicated process and offer the exact critical business data at your fingertips!

Main advantage of HIAccounts accounting software-

·         Add unlimited businesses and contacts

·         Create unlimited estimates @invoices

·         Expense tracking

·         Balance sheet

·         Inventory management and invoicing and billing

·         Create sales order & purchase order

·         Multi-currency invoicing

·         Connect to secure bank reconciliation

·         Generate business reports

Unique features that stand HIAccounts apart-

·         User-centric design - Users having more control, more choices or more flexibility than they might have had in a previous version.

·         Works online and offline -It has capabilities to work both offline and online, giving you literally best of both worlds.

·         Device Friendly - Works on any device be it MAC, Windows PC or tablet.

·         Speed -Unlike most accounting systems which are file based and move the entire data over the network, HI Accounts is client-server based and only sends SQL queries to the server. This speed ups the heavy data processing over the network.

·         No prior training required - Easy to handle and use.

·         Business at your fingertips.

Additional features of HIAccounts accounting software-

·         Data size handling

·         Database recovery

·         Scheduled and automatic backups

·         User Manual

·         User audit trails

·         Notification and alert

·         GST

·         Proactive invoicing

gst accounting software

Now the question is what exactly is GST and how it is going to transform the current tax system.

What is GST?

Goods and Service Tax (GST) is an indirect tax levied on goods and services apart from those exempted by the GST law. It is the single tax on the supply of goods and services, right from the manufacturer to consumer. As it is one indirect tax for the whole nation, it is one step to make Malaysia a unified country.

Let’s understand this in the simplified term. Take a look at the real-time market scenario.

An item goes through from manufacture or production to the final sale. This undergoes through multiple stages.

·         The first stage is buying of raw materials.

·         The second stage is production or manufacture.

·         Third stage is warehousing of materials.

·         Fourth one is the sale of the product to the retailer.

·         And the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.

Goods and Services Tax will be levied on each of these stages, which make it a

Multi-stage tax.

·         The GST taxation laws will put an end to multiple taxes like excise, CST, VAT, service tax which is levied on different products, starting from the source of manufacturing, till reaching the end consumer.

Let understand with an example-

 A manufacturer wants to make a shirt. To make a shirt he needs to buy yarn. After manufacture, it turned into a shirt, as a finished product. So, the value of the yarn is increased when it gets woven into a shirt. Then, the manufacturer sells it to the warehouse agent who attached labels and tags to each shirt. That is another addition of value after which the warehouse sells it to the different retailers who packages each shirt separately and invests in the marketing of the shirt thus increasing its value.

GST will be levied on these value additions – the monetary worth added at each stage to meet the final sale to the end customer.

Earlier the pattern of tax levy was like this:

Earlier when a product was manufactured, the center would levy an Excise Duty on the manufacture, and then the state will add a VAT tax when the item is sold to the next stage in the cycle. Then there would be a VAT at the next point of sale.

Summary

·         GST is a transparent tax and reduces the number of indirect taxes.

·         GST will be levied only at the destination of consumption based on VAT principles and not at the various points (from manufacturing to retail outlets). This will help in eradicating economic distortions and bring about a development of a common national market.

·         GST is backed up by GSTN, which is fully integrated tax platform to deal with all aspects of GST.

inventory management software

Hi Accounts inventory accounting software is extraordinarily intended to meet all business necessities for various sorts of business endeavors.

Hi Accounts is basic and simple to use with multi – usefulness to execute your day by day undertaking, likewise end clients can capable deal with their Inventory and Cost Management, including recording of stock subtle elements like, Sales and Purchase Stock development from capacity to go down it will give you finish data about stock investigation,

Easy to make Stock Group, Stock Item, Stock Category, simple to adjust the stock data. Price tag, Sales Price and Sales and rebates arrangement, Credit Note, Debit Note and Daily Back record, with the goal that you can track or review the back day's stock for expense installment in future.

Hi Accounts programming makes your life simple and easy to incorporate and inventive bookkeeping programming.

For More points of interest get in touch with us on beneath given subtle elements

Tel: 6034145073

Email:info@hiaccounts.com

Visit our Website: http://www.hiaccounts.com/

accounting system for small business

Affirmed GST Accounting programming in Malaysia with Multi-Feature for Small and Medium Business Enterprises, with the best Service, first free trial for 14 days Before You go for enrollment, contrast with another programming we have given basic and simple strategies in the catch. Best stock administration answers for stock following and support, simple to makes solicitations with GST auto computation together, buy charges, payables, receivable, Advance, Credit period for customers, Placed Order, Pending Orders, anyplace any area you can access on

page and off page, you can work on the web or you can be downloading the page the application, with simple and straightforward elements simple to getting to.

To make the most of our administration and visit our site: http://www.hiaccounts.com/trial-free.php while submitting basic required data in our site or You can contact our client mind focus on +603-4141-5073 or you can send request on

For more subtle elements get in touch with us on beneath given points of interest

Tel: 6034145073

Email:info@hiaccounts.com

Visit our Website: http://www.hiaccounts.com/