sage 50 version 1.9.3sagemydownload.s3.amazonaws.com/sage50/release... · credit note number, trust...

What’s New

Sage 50 Version 1.9.3.4

Release Date:

7th September 2017

V1.9.3.4 Changes

The following enhancement is being released:

• Import Journal with Different GL Account Linked to Same Debtor or Creditor

• Enhancement in Sales Journal Import Process

• New Fields in Business Intelligence

• GST 2.0 Enhancements

2 ► Sage 50

Import Journal with Different GL Account Linked to Same Debtor or

Creditor

• Previously, if there are two different GL Accounts for the same Debtor or Creditor, system would automate the second GL

Account to follow the first GL Account.

• Now, this automation is removed to allow importation of Journal with different GL Accounts linked to same Debtor or Creditor.

Sage 50 ◄3

333

Enhancement in Sales Journal Import Process

• Importation of Sales Journal is further enhanced with improvements on the following areas:

i) Journal imported will be in ascending order for Line Number column.

4 ► Sage 50

ii) System will prompt a message if tax code is not found in Tax Maintenance.

Sage 50 ◄5

555

iii) Tax code with space, eg; SR<space> will be accepted as tax code that has been created in Maintenance.

6 ► Sage 50

New Fields in Business Intelligence

• Two new fields have been incorporated into Business Intelligence. They are:

a) Net Amount before GST

b) Gross Amount after Discount

• These fields are available in both Sales and Purchase tabs.

• Furthermore, the fields in both Sales and Purchase have been standardized to ease the user in finding the fields they want in

both tabs.

• Minor bugs found in User Interface level have also been fixed and enhanced for better user’s experience.

Business Intelligence – Sales Tab

Sage 50 ◄7

777

Business Intelligence – Purchase Tab

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999

b) No change in C Record Elements.

c) Two new fields in P Record Elements.

Record Element # Element Name

Data

Type Header Comments

Type

P 1 Record Identifier AN P Must be a single character corresponding to

record type and must be ‘P’

P 2 Supplier Name AN P2_SupplierName Name individual/company/businesses of supplier

P 3 Supplier BRN AN P3_SupplierBRN Business Registration Number (BRN) of company

from which purchase was made (If any)

P 4 Supplier GST

Number AN P4_SupplierGSTNo

GST registration number of company from which

purchase was made (If any)

P 5 Invoice Date DATE P5_InvoiceDate Invoice Date (Format: dd/MM/yyyy)

P 6 Posting Date DATE P6_PostingDate Posting Date (Format: dd/MM/yyyy )

P 7 Invoice Number AN P7_InvoiceNo Invoice Number

P 8

Import

Declaration

Number

AN P8_ImportK1No Import Declaration Number (e.g., Customs Form

No. 1 (K1), reference number and etc.)

P 9 Line Number AN P9_LineNo Number of Invoice Line

P 10 Product

Description AN

P10_ProductDescrip

tion Description of the product being purchased

P 11 Purchase Value

(in MYR) C P11_PValueMYR

Value of purchase excluding GST in Malaysia

Ringgit (RM)

P 12 Purchase Value

GST Amount C P12_PGSTValueMYR Value of GST in Malaysia Ringgit (RM)

P 13 Tax Code AN P13_TaxCode Tax code as being lookup in tables

P 14 Foreign Currency

Code AN P14_FCYCode

ISO’s currency codes (3-letter alphabetical code)

of foreign

Currency. Example: USD, SGD, Rp, AUD

P 15

Purchase

Foreign Currency

Amount

C P15_PValueFCY Value of purchase excluding GST in Foreign

Currency (If applicable)

P 16

Purchase

Currency GST

Amount

C P16_PGSTValueFCY Value of GST amount in Foreign Currency (If

applicable)

10 ► Sage 50

d) Two new fields in S Record Elements.

Record

Type Element # Element Name

Data


S 1 Record Identifier AN S Must be a single character corresponding to

record type and must be ‘S’

S 2 Customer Name AN S2_CustomerName Name of customer

S 3 Customer BRN AN S3_CustomerBRN Business Registration Number (BRN) of company

which attain the supply/sale (If any)

S 4 Customer GST

No AN

S4_CustomerGSTN

o

GST registration number of company from which

supply was made (If any)

S 5 Invoice Date DATE S5_InvoiceDate Invoice Date (Format: dd/MM/yyyy)

S 6 Invoice No AN S6_InvoiceNo Invoice Number

S 7

Export

Declaration

Number

AN S7_ExportK2No Export Declaration Number. (e.g., Customs Form

No. 2)

S 8 Line Number AN S8_LineNo Number of Invoice Line

S 9 Product

Description AN

S9_ProductDescript

ion Description for what was sold

S 10 Supply Value (in

MYR) C S10_SValueMYR Value of supply excluding GST in Malaysia Ringgit

S 11 Supply Value GST

Amount C

S11_SGSTValueMY

R Value of GST on supply in Malaysia Ringgit

S 12 Tax Code AN S12_TaxCode Tax code for lookup in tables

S 13 Country AN S13_Country Destination of goods being exported. Example:

KOREA

S 14 Foreign Currency

Code AN S14_FCYCode

ISO’s currency codes (3-letteralphabetical code) of

Foreign Currency. Example: USD

S 15 Supply Foreign

Currency Amount C S15_SValueFCY

Value of supply excluding GST in Foreign Currency

(If applicable)

S 16 Supply Currency

GST Amount C S16_SGSTValueFCY

Value of GST on supply in Foreign Currency (If

applicable)

Sage 50 ◄11

111111

e) One new field in L Record Elements.

Record

Type Element # Element Name

Data


L 1 Record Identifier AN L Must be a single character corresponding to

record type.Must be ‘L’

L 2 Transaction Date DATE L2_TransactionDate Format: dd/MM/yyyy

L 3 Account ID AN L3_AccountID General Ledger Code for individual account

L 4 Account Type AN L4_AccountType Type of account- Profit and Loss (PL) or Balance

Sheet (BS), or Retained Earning (RE)

L 5 Account Name AN L5_AccountName Name of individual General Ledger account

L 6 Transaction

Description AN

L6_TransactionDesc

ription Transaction Description

L 7 Entity Name AN L7_EntityName Name of entity involved (if applicable)

L 8 Transaction ID AN L8_TransactionID

Transaction ID of unique group number that

related with double entries. Example: Recommend

format “yyyy-MM-serialNumber”/ “2016-06-

00001”

L 9 Source

Document ID AN L9_SourceDocID

Source document number to which line relates

(For example, cheque number, invoice number,

credit note number, trust receipt number)

L 10 Source Type AN L10_SourceType

Refers to type of transaction such as AR. Refers to

the type of transaction such as AR, AP, Inventory,

Sales, Purchases, Cash Disbursement, Cash

Receipt, General Journal etc.

L 11 Debit C L11_Debit Debit Amount

L 12 Credit C L12_Credit Credit amount

L 13 Running Balance C L13_RunningBalanc

e Running Balance Amount

f) No change in F Record Elements.

12 ► Sage 50

New Tax Codes Added In Input Tax Recoverable Ratio (Partial Exemption Formula)

• The formula for Input Tax Recoverable Ratio remains the same as previous formula, which is:

• However, in T, there are additional tax codes added in, which are OS-TXM and NTX. Please refer to below image:

Sage 50 ◄13

131313

Old Tax Codes to be removed as recommended by Royal Malaysian Customs (RMC)

• RMC has recommended the following tax codes to be removed in both Purchase and Sales modules. Therefore, the

following tax codes have been removed in the “Create New Company” function:

(a) Purchase

1. TX-ER: Input tax allowed on the acquisition of goods or services by local authority or statutory body

2. IM-CG: Import of goods with GST incurred for a capital goods acquisition

3. IM-RE: Import of goods with GST incurred that is not directly attributable to taxable or exempt supplies (Residual

input tax)

(b) Sales

1. OS-ER: Out-of-scope supplies for Enforcement and Regulatory

2. OS-OV: Out-of-scope supplies between overseas country with other overseas country

Important Note: Existing Company will not be affected by this change as the old tax codes will still remain in the

Tax Maintenance to cater for historical transactions.

New Tax Codes Recommended by Royal Malaysian Customs (RMC)

• New Sales tax codes are also added, which are:

1. OS-TXM: Out-of-scope supplies made outside Malaysia which will be taxable if made in Malaysia

2. NTX: Supplies with no tax chargeable

• Some of the tax codes are also revised, which are:

Revised Tax Code Remarks

TX-N43 Renamed to TX-ES

GP Changing of new description

ZDA Mapping changed from Zero Rated Supplies - Local to Zero Rated Supplies Export

GS Mapping changed from Relief Supply to Empty

14 ► Sage 50

• Please refer to below table for the recommended tax codes:

Malaysia

Tax code

Description Tax %

Purchase

TX Purchases with GST incurred at 6% and directly attributable to taxable supplies. 6

TX-CG Purchase with GST incurred for capital goods acquisition. 6

TX-ES Purchase with GST incurred directly attributable to exempt supplies, and only applicable for

partially exempt trader/mixed supplier. (Note: Rename of TX- N43)

6

TX-IES Purchase with GST incurred directly attributable to incidental exempt supplies. (Note: Replace TX-

E43)

6

TX-RE Purchase with GST incurred that is not directly attributable to taxable or exempt supplies. (Applicable

for partially exempt trader/mixed supplier only)

6

IM Import of goods with GST incurred. (By referring Customs Form No. 1 (K1), and/or other

reference documents)

6

IS Imports of goods under Approved Trader Scheme (ATS) whereas the payment of GST chargeable is

suspended on the goods imported.

0

BL Purchases with GST incurred but not claimable (Disallowance of Input Tax) (e.g., medical expenses

for staff).

6

NR Purchase from non-GST registered supplier with no GST incurred. 0

ZP Purchase from GST-registered supplier with no GST incurred. 0

EP Purchases exempted from GST. (e.g., purchase of residential property or financial services). 0

OP Purchase transactions which is out of the scope of GST legislation (e.g., purchase of goods

overseas).

0

RP Relief Purchase under GST legislations. (e.g., purchase of RON 95 petrol & Diesel) 0

GP Purchase transactions which disregarded under GST legislation. 0

AJP Any adjustment made to Input Tax (e.g., Bad Debt Relief & other input tax adjustment). 6

TX-FRS Purchase under Flat Rate Scheme. 2

TX-NC GST incurred and choose not to claim the input tax. 6

NP Matters to be treated as neither a purchase of goods nor a purchase of services, and no

GST incurred.

0

Sage 50 ◄15

151515

Supply

SR Standard-rated supplies with GST Charged. 6

ZRL Local supply of goods or services which are subject to zero rated supplies. 0

ZDA Exportation of goods from Malaysia to Designated Area (Pulau Langkawi, Labuan, & Pulau Tioman)

which are subject to zero rated supplies. (By referring Customs Form No. 2 (K2), and/or other

reference documents)

0

ZRE Exportation of goods or services which are subject to zero rated supplies. (By referring Customs

Form No. 2 (K2), and/or other reference documents)

0

DS Deemed supplies (e.g. transfer or disposal of business assets without consideration). 6

OS Out-of-scope supplies under GST legislations. 0

ES Exempt supplies under GST legislations. 0

IES Incidental exempt supplies under GST legislations. (Note: Replace ES43) 0

RS Relief supplies under GST legislations. 0

GS Disregarded supplies under GST legislations. 0

AJS Any adjustment made to Output Tax (e.g. Longer period adjustment, Bad Debt recover,

outstanding invoice more than 6 months & other output tax adjustments).

6

SR-MS Standard-rated supplies under Margin Scheme. 6

SR-JS Supplies under Approved Jeweller Scheme (AJS). 0

NS Matters to be treated as neither a supply of goods nor a supply of services, and no GST chargeable. 0

NTX Supplies with no tax chargeable. 0

OS-TXM Out-of-scope supplies made outside Malaysia which will be taxable if made in Malaysia. 0

16 ► Sage 50

Useful Fixes

No. Case ID Solution Area Brief Description

1 321-151685

Accounting entry

Unable to save receipt; prompted error message

Solution:

Changed the exception handling method when saving receipt.

2 354-169292

Accounting entry

Journal Post button is deemed in grey

Solution:

Added additional condition to cater for Journal post button.

3 354-169116

Accounting entry

Reversal docs appear in Currency Reval

Solution:

Hide the voided Sales and Purchase Invoices in Currency Revaluation Report.

4 316-164211

Accounting entry

User right issue-Journal posting

Solution:

Added additional condition to cater for Journal’s post button.

5 316-159875

Accounting report

Missing entry in GL details

Solution:

Remove reference by query to gl_doubleentrykoff table.

6 354-152350

Accounting report

Wrong local balance of bank

Solution:

Database patching for existing data and applied the rounding adjustment. Further

fixing is reported in separate case for enhancement.

7 378-154278

Accounting report

Debtor Statement

Solution:

1. Make the function of Exclude Offset Amount and Show Outstanding Amount in

Bucket similar because it has the same meaning.

2. Standardise the UI layout of the reports.

3. Added value of “0.00” instead of empty box to notify user that the total for

current month is zero in Debtor Statement and Debtor Statement with B/F

Balance.

Sage 50 ◄17

171717


8 354-162942

Accounting report

Preview payment for refund to customer

Solution:

Fixed RTE occurred in Payment report.

9 378-147490

Accounting report

Offset Invoice still appear in aging rep

Solution:

1. Fixed the behaviour of "Show Outstanding Amount in Buckets" checkbox to

have similar behaviour with "Exclude Offset Docs for Current Month" checkbox

in all Debtor Aging and Debtor Statement reports.

2. Hide fully offset invoiced from showing when user tick "Show Outstanding

Amount in Buckets" and/or "Exclude Offset Docs for Current Month".

3. Rectify incorrect footer amount in all Debtor Statement reports.

10 316-165502

Accounting report

RTE on IVR

Solution:

Modified query for data retrieval.

11 331-152447

Accounting report

BS, P&L and Trial Balance of Periodic

Solution:

Fixed data error and FIFO Periodic Financial reports.

12 354-162918

Foreign Currency

Exchange rate difference

Solution:

Added an additional SQL statement to include updating exchange rate to 7.03 in

Reimbursement/Fund Transfer and update the Financial Entries correctly.

13 354-160838

Foreign Currency

Exchange rate difference

Solution:

Added an additional SQL statement and provided script for database patching on

existing data.

14 354-152783

Foreign Currency

Extra forex gain/loss generated

Solution:

1. Code fixing to direct Fund Transfer to be saved as Draft if the balance is not

zero.

2. Provided script for database patching on existing data.

15 354-166176

Foreign Currency

Currency rate more than 100.00000

Solution:

Allowed currency rate more than 100.0000000 to be distributed in Debtor and

Creditor Opening Balance.

18 ► Sage 50


16 316-161323

Foreign Currency

Bank transaction report - Foreign

Solution:

Excluded Local Currency in Foreign Currency column in Bank Transactions

Listing.

17 380-155795

GST Transaction appear at column others

Solution:


18 354-150466

Inventory

Weird balance Qty in Stock Card

Solution:

Added missing linkage for Opening Stock after Opening Balance has been

created.

19 354-141977

Inventory

Weird unit cost in stock card

Solution:

Provided script for database patching on existing data and code fixing to handle

stock movements.

20 392-168036

Inventory

Current Stock Value not contra out

Solution:

1. Deducted Total Cost Out after cancelling Supplier Invoice to reverse the Total

Cost In after creating Supplier Invoice.

2. Fixed unit cost issue.

21 316-139066

& 316-

134998

Inventory

Balance qty VS qty on hand

Solution:

1. Removed code which causes odd behaviour in FIFO item transactions.

2. Implemented some changes for Unit Cost to get updated whenever the GRN is

linked to a Supplier Invoice.

3. Provided script for database patching on existing data.

22 354-149616

Maintenance

Total display at GL Maintenance bottom

Solution:

Fixed the Total Amount in GL Maintenance to be hidden.

Sage 50 ◄19

191919


23 187-154961

Offset Transaction

Incorrect RA when -negative amount

Solution:

Fixed wrong Foreign Exchange amount generated after changing the currency

rate in source document.

24 354-167161 Purchase entry Unable to cancel GRN

Solution:

1. Changed the GRN status to "Open" once the linked Supplier Invoice was

cancelled.

2. Cost adjustment line will be generated once the Supplier Invoice is cancelled

to reverse the cost adjustment line generated when Supplier Invoice was

issued.

25 378-146403

Purchase entry

Self-billed Invoice

Solution:

Added extra condition for Sage 50 Business to show 'Select PO' & 'Select GRN'

buttons upon creating Self Billed Invoice.

26 354-167161

Purchase entry

Unable to cancel GRN

Solution:

1. Changed the GRN status to "Open" once the linked Supplier Invoice was

cancelled.

2. Cost adjustment line will be generated once the Supplier Invoice was cancelled

to reverse the cost adjustment line generated when Supplier Invoice

was issued.

27 392-160878

Purchase entry

ITR Wrongly Reverse

Solution:

1. Fixed incorrect Financial Entries in GRN when the item has unit cost in Item

Maintenance, but it was not linked to any PO for FIFO and Moving Average

costing method.

2. Fixed incorrect Financial Entries when the PO is linked to single GRN but

separated to multiple Supplier Invoice.

3. Fixed the stock movement in Stock Card Details.

4. Fixed incorrect Unit Cost in Inventory Valuation Report.

28 354-168267

Purchase entry

Stock account mapping not found

Solution:

Added a new validation to make sure GLAccountID is mandatory when Credit

Amount or Debit Amount of Inventory is more than zero.

20 ► Sage 50


29 187-144988

Sales entry

Item Double in Invoice, DO no. jump

Solution:

Fixed RTE occurred in Tax in footer part for International License.

30 354-147034

Sales entry

Account code missing after posted DO

Solution:

1. Added missing fields in select statement.

2. Commented out the duplicate instances in the derived class – SiLineBo.

31 354-156364

Sales report

Top 10 customers

Solution:

Included only Posted status transaction in Top 10 customers.

32 354-166931

UI/Usability

No tax code shown in BI

Solution:

Fixed missing tax code in Business Intelligence for Accounting, Sales and

Purchase tab.

33 354-173252

UI/Usability

Item missing after saved as draft

Solution:

Fixed missing items in Sales Invoice's body after saving the invoice as Draft.

34 354-169749

Year end

Year End process failed

Solution:


35 316-169399

Year end

Cannot process year end

Solution:


*** END ***

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