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ABSS Payroll v10
Tax Relief Updates Contribution to Employee Provident Fund (EPF) and life insurance premium is now separated as follows: Contribution to EPF – up to RM4,000 Life Insurance Premium – up to RM3,000 Net savings in SSPN – increased up to RM8,000 Removal of Tax Relief for Housing Loan Interest Paid Compliance Update In compliance with…
ABSS Payroll v9.1
4 statutory compliance updates: EIS Autopay Text File As required by PERKESO statutory regulation, employer must report their Employment Insurance Scheme (SIP) collections no later than the 15th of the following month for every payroll processing period. Employer can perform the monthly submission by uploading the text file which contains the total contributions in the…
Accounting v28.3 and Premier v23.3
Released June 2020 In this release, ABSS have made compliance updates to Sales & Service Tax (SST) reports as well as introduced enhancements. Compliance updates SST02 include overdue Service Tax New checkbox “Include Overdue Invoices Since 1-Sep-2018” added to allow user capture past overdue invoices from SST effective date (1st Sept 2018) onward. User is…
ABSS financial analysis report
With the release of ABSS Accounting v28.3 and ABSS Premier v23.3, ABSS included a financial analysis report. This report helps business owners understand how their business is performing and identify areas that would need improving. Before you can start using this report, you will need to set it up within your company file. Edit account…
Accounting v28.1 and Premier v23.1
Released September 2019 In this release, ABSS have extended tariff code selection into all types of Sales layout.Also included are SST compliance updates and some minor enhancements. New SST tax types New SST tax types, as shown in the table below have been added for use in line with Royal Malaysia Customs Department (RMCD) requirements…
ABSS Accounting v29.1 and ABSS Premier v24.1
The latest versions of ABSS Accounting and ABSS Premier, released on 6th September 2022, come with compliance updates, new features as well as enhancements. New feature Transaction Journal Vouchers Some accounting transactions are required to be approved. In these newly released versions, you can print out transaction vouchers for approval. These transactions include: You can…