Wednesday, November 21, 2018

Services Tax (SST) & Goods and Services Tax (GST)

What is Sales and Services Tax (SST)Goods and Services Tax (GST)?
Here the simple definition about SST and GST.  


Sales and Services Tax (SST)
The Sales Tax is just be charged on the maker level, the Service Tax is will be charged on customers that are utilizing charge administrations. SST rates are less straightforward than the GST which had a standard 6% rate, the SST rates change from 6 or 10%.

Goods and Services Tax (GST)
GST covers everybody, retailers, and exchanges. The business assesses just covers producers while administrations impose covers certain recommended administrations like proficient administrations. The providers could guarantee back the GST from the administration, in any case, the legislature does not in a flash discount the GST claims, causing issues for the organizations working income.

Here is a comparison of the tax system

 image source: NST

6 Benefits you will get by using Accounting Software



What you get when you using accounting software for your company? It is good and better-using accounting software or the actual accountant that manage the company account manually are the good way to manage the account? Let me share 6 things will you get after using accounting software.

Accessibility
Now you can get access to your company’s data and can use it from anywhere you are via any devices such as your laptop at home and even your mobile phone when you are on the go. Faster decision making even you are not at the company. By using the accounting software, you can check and look at each of the transaction that been done by your staff.

Responsive Design
We understand that the trend shows many people are accessing their data using their mobile phone. So, by using accounting software you can access easily by using any gadget that you have.  The software to be responsive and easily viewed not only on desktop or laptops but on your mobile phone as well.

Multi-Location Features
Use software for multi-location features to manage your operation in multiple locations and easily generate location-based accounting and financial reports, as well as overall reports. You can manage your company account wherever you are. You can access it anywhere and anytime based on your time.

Automation
Moreover, by using software, we aim to automate as many as possible manual processes including auto-generated reports and dashboard. Monitor your financial performance and response faster to your company situation. If before this you calculate manually by the calculator and need to check each of the file and transaction that been made, but now by one click, everything will be made by the system. Is it amazing and make your work easier. Each of the company needs more a person to manage the company account but by using the accounting software, you just need someone that understands and can manage the system to do it.

Forecast
One of the benefits of using the system of accounting software is to manage your data is that you can forecast what’s next. By using software, you will be able to view your staff performance, progress towards achieving your organization’s goals and enable to identify any issues earlier.

Secured Infrastructure
By using the accounting software will puts owners and managers to complete control over business information. With the secure account and data backups, you get peace of mind over the safety of your data. It gives you privacy and security your company account. You don’t have to worry and keep thinking about your data and keep check if there is still at your computer and stop worry when your computer has been attacked by the virus or your computer have the problem and need to service that makes all the things gone. By system, there will still at the system and easily can access anywhere and anytime.

So now, are you interested to use Accounting software and want to try to use the Accounting software? Click this link and get your free trial by using the OfficeCentral. Grow your business with OfficeCentral.
http://www.officecentralcloud.com 
http://www.officecentral.com.my

Your time is gold! Instead of spending time doing things manually, get a system to help you automate your processes, so you can focus on growing your business.

 Do you do too many things manually? Your time is gold! Instead of spending time doing things manually, get a system to help you automate yo...