Welcome to the Exact Product Blog

On this blog we will cover stories from all around the Exact ecosystem.

Posts Tagged ‘405’

China Golden tax invoicing is now ready in product update 406!

Written by Elaine Chai on . Posted in Exact Globe

It’s been a while since my last blog on the first phase of the Golden tax features delivered in product update 405. There, Exact Globe Next (EGN) was able to assign a golden tax number to an invoice, authorize the invoice and lastly generate the flat text file. The flat text file is then imported into the Golden tax system and prints the information onto a pre-formatted and pre-numbered invoice known as Golden tax invoice.
And now, we are happy to announce that all Golden tax features are now ready in EGN as of this general available product update 406. Besides able to assign one invoice to one Golden tax number, it is now able to split and combine multiple invoices into one or multiple golden tax number. For a full supported functionality, please click here.

New Thai tax identification number introduced

Written by Elaine Chai on . Posted in Exact Globe

Effective February 1, 2012, all individuals and business entities in Thailand should use a 13 digits tax identification number to replace the previous 10 digits. Although the new tax identification went live on February 1, 2012, the Revenue Department has extended the period of using the 10 digit Tax ID to January 31, 2013. The extension period is applicable for taxpayers whose withholding certificates, tax invoices, receipts and invoices have already been prepared using a 10 digits tax ID number.

As I have mentioned earlier in my blog, Exact Globe Next supports the Thailand Withholding Tax as of product update 402. Due to this legal change, all the related tax forms like the withholding certificates (P.N.D.3 and P.N.D.53) have been adjusted and enhancements have been added in this product update 405, which is generally available as of the end of October. For more information please refer to the release note.

Localizations in product update 405 and Year-End Patch Update

Written by Elaine Chai on . Posted in Exact Globe

As announced in the previous blog, Exact Globe Next product update 405 has been generally available as of October 2012. This marked another important milestone to deliver the right functionalities to you.

You might have already heard of the Netherlands payroll and news about some other countries’ legal changes. To ensure in time delivery of these changes, a year-end-patch for Exact Globe Next product update 405 is now available as of January 2013. This document describes how you can perform the update.

We have implemented quite a number of solutions for fixed themes like legal changes, localizations, banking, cash flow and also your feedback to improve the software.

To improve the level of localizations some important changes have been implemented for Belgium, China, Czech, Germany, Hungary,  Japan, The Netherlands, Portugal, Romania, Thailand and Vietnam. All deliverables for localizations in this product update are listed here.

Moreover, this product update has become a major milestone in SEPA compliance for customers of Eurozone countries. Exact Globe Next now provides the ability to create SEPA Credit Transfers and SEPA Direct Debits in accordance with most recent rules. This functionality will be extended further in upcoming Exact Globe Next product updates.

You may view the full list of changes in this product update from here.