#GSTRateChange Heading to the 24-hour store to grab some post-NYE party essentials in the wee hours of 1 Jan 2024? #DidYouKnow that you may only be charged GST at 8% on your purchase, if it is the supplier’s normal accounting practice to treat sales made after midnight as sales of the preceding day!

👉🏼 Click here for more info on the transitional rules for the rate change

#GST Rate Change

Scenario:

A sales invoice has been 𝗶𝘀𝘀𝘂𝗲𝗱 𝗶𝗻 𝗗𝗲𝗰 𝟮𝟬𝟮𝟯 📄 and the goods will be delivered in 𝗝𝗮𝗻 𝟮𝟬𝟮𝟰📦. If the customer paid in Dec 2023, GST will still charge at 8% on the payment made even though the goods are delivered in Jan 2024.

However, if the customer is going to pay the invoice in Jan 2024, we as the supplier is required to charge 9% on the payment made even though the invoice is issued in Dec 2023.

There are ✌️ 𝟮 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲 𝗮𝗰𝘁𝗶𝗼𝗻𝘀 can be done by users as the supplier:
1. Supplier can collect the additional 1% GST from the customer by issuing an additional invoice. ➕
2. Supplier can absorb the additional 1% GST themselves. 📥

~

👑 𝗙𝗢𝗥 𝗔𝗨𝗧𝗢𝗖𝗢𝗨𝗡𝗧 𝗔𝗖𝗖𝗢𝗨𝗡𝗧𝗜𝗡𝗚 𝗨𝗦𝗘𝗥𝗦, 𝗯𝗼𝘁𝗵 𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗰𝗮𝗻 𝗯𝗲 𝗱𝗼𝗻𝗲 𝗮𝗻𝗱 𝗿𝗲𝗰𝗼𝗿𝗱𝗲𝗱 𝗲𝗮𝘀𝗶𝗹𝘆!

Wish to know how?

💬💬 𝗣𝗠 𝘂𝘀 𝗻𝗼𝘄! A detailed guide file on how to manage both options in Accounting V2 will be delivered over to you!

🇸🇬

#InvoiceNow tips

✅ 𝗜𝗻𝘃𝗼𝗶𝗰𝗲𝗡𝗼𝘄 connects everyone within 𝗣𝗘𝗣𝗣𝗢𝗟 Network, allow instant send and receive of digital invoices.

But what exactly is 𝗣𝗘𝗣𝗣𝗢𝗟 ❓

According to IMDA, Peppol is an international E-Document delivery network and business document standard form of Electronic Data Interchange (𝗘𝗗𝗜) allowing enterprises to digitally transact with other linked companies on the Network. 📡

Want to catch up the trend and transact efficiently and get paid faster? 💵💴💶💷💰Reach us for more details of getting on-board with 𝗜𝗻𝘃𝗼𝗶𝗰𝗲𝗡𝗼𝘄!

𝗥𝗲𝗮𝗰𝗵 𝘂𝘀 𝗮𝘁:
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6


🇸🇬 #einvoicing #peppol #singaporeinvoice #imda #accountingsingapore #invoicesme #sme

#InvoiceNow tips

Is the InvoiceNow network secure?
Absolutely 𝗬𝗘𝗦!!

1️⃣ Only Peppol certified Access points are registered on the network and are authorised with a PKI certificate issued by the governing authority.

2️⃣ All data being transmitted on the network is protected with SSL transport layer security that it only goes through securely encrypted pipes.

3️⃣ Data being transmitted is signed using the Access Points Service Provider (AP) authorised PKI certificate to ensure that the data is genuine.

4️⃣ Any receiving Access point will check the signature of the sending Access point to ensure that it is the authorised one registered on the network.

⏱ Start invoicing easier, safer, complete the cycle in a blink and 𝗴𝗲𝘁 𝗽𝗮𝗶𝗱 𝗳𝗮𝘀𝘁𝗲𝗿! 💵💴💶💷💰

Reach us for more details of getting on-board with InvoiceNow by IMDA!

𝗥𝗲𝗮𝗰𝗵 𝘂𝘀 𝗮𝘁
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6

✨And for an easier, simpler way to 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝘀 𝗧𝗮𝘅 𝗙𝗶𝗹𝗶𝗻𝗴?

🏆🏆Check out AutoCount Seamless Filing: https://www.autocountsoft.com.sg/pro-seamless.html

AutoCount Accounting Version 2 is one of the software listed on IRAS' Accounting Software Register+ ("ASR+"). Please visit IRAS corporate website's ASR+ page to ensure legitimacy.

𝗥𝗲𝗮𝗰𝗵 𝘂𝘀 𝗮𝘁:
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6

Or Visit AutoCount at: https://www.autocountsoft.com.sg/

#InvoiceNow tips
How to find out is my suppliers and customers are on InvoiceNow?
According to IMDA, you would be able to search for your Peppol Ready suppliers, partners and customers on peppoldirectory.sg

If you would like to specifically search for Peppol Ready Singapore-registered businesses, you can search by name or by UEN number and add a “0195:SGUEN” to the UEN number in your search string (i.e. search for “0195:SGUEN”<>).

⏱ Start invoicing easier and complete the cycle in a blink and 𝗴𝗲𝘁 𝗽𝗮𝗶𝗱 𝗳𝗮𝘀𝘁𝗲𝗿! 💵💴💶💷💰 Reach us for more details of getting on-board with InvoiceNow by IMDA!

𝗥𝗲𝗮𝗰𝗵 𝘂𝘀 𝗮𝘁:
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6
Or visit us at: https://autocountsoft.com.sg/

~
🇸🇬 #eInvoicing #peppol #singaporeinvoice #imda #accountingsingapore #invoicesme #sme

🏮🐉🐉🐉🏮
㊗️Wishing you abundance, health, wealth, and happiness this lunar new year.

🧨We wish everyone a 𝗛𝗮𝗽𝗽𝘆 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝗡𝗲𝘄 𝗬𝗲𝗮𝗿 and Gong Xi Fa Cai🧧

#CNY #ChineseNewYear #LunarNewYear #NewYear #YearOfDragon #SgCNY #GongXiFaCai

#InvoiceNow

Why InvoiceNow make you get paid FASTER? 🚀
According to #IMDA, the Nationwide E-Invoicing Network adopts the Peppol framework, facilitating direct transmission of e-invoices between finance systems without human intervention. This streamlines invoice processing, leading to Quicker Digital Payments.
Consequently, it significantly reduce the time and manual effort needed to enter or scan information, eliminating a time-consuming and error-prone process. 🕺

Automates the process with AutoCount Accounting V2, a solution pre-approved by IMDA! Not just invoicing, AutoCount Accounting manage all data along with InvoiceNow in a single system, streamline whole process, enables users to work less, transact easier, and get paid faster. 💰

Reach us for Free consultation or visit InvoiceNow page: https://autocountsoft.com.sg/InvoiceNow/index.html

Reach us at
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6