First Time Setup

Financial Period & System Conversion Date

info

Watch the tutorial video here: YouTube

1. Tools | Options

   

   note

   Once you have set up your Financial Start Period and System Conversion Date, it is not possible to change them later. This configuration can only be set once when creating a new database.

2. Select General Ledger

3. Select Financial Start Period & System Conversion Date

   

   Scenario 1

   My financial period starts on 1 January every year. I started using SQL on 1/1/2015.

   Financial Start Period = 1/1/2015

   System Conversion Date = 1/1/2015

   Scenario 2

   My financial period starts on 1 January every year. I started using SQL on 1/4/2015.

   Financial Start Period = 1/1/2015

   System Conversion Date = 1/4/2015

SST

Activate SST

1. In SQL Account, click the menu SST/GST → Start SST now...

   

2. Select Malaysia as the country, then click Next.

   

3. Fill in SST Effective Date

4. Tick I have an SST registration number if you have a valid SST registration number from the government (skip to Step 6 if you don't).

   

5. Fill in your Sales Tax No and Service Tax No. These details will be auto-updated in your company profile.

   

6. In the next step, click Next to auto-generate the SST GL Account.

   

7. In the following screen, you can preset your tax code for billing (Sales Tax, Service Tax, Sales Tax Exempted, etc.)

   

8. The system will prompt you to log in again; after that, you're ready to go.

9. After logging in, you will see a new drop-down list for SST functions. The SST setup is now complete.

Maintain Tariff

Go to Tools | Maintain tariff | New

Insert your product tariff code here. You can also look up your product tariff code using the Malaysia Customs JKDM HS Explorer

Company Profile

1. Go to File | Company Profile

   Fill in your company particulars. If the company is subject to both sales and service tax, enter the Sales Tax and Service Tax numbers.

   

2. Select Report Header & Set Report Header