AutoCount GST Margin Scheme Plug-in

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Introduction

In an effort to help users that is under the Second-Hand Goods Scheme (for more info, please navigate to RMCD – GST: Special Rules), Auto Count Sdn Bhd has created a plug-in named AutoCount GST Margin Scheme. This plug-in works together with the GST module and is available from Auto Count Sdn. Bhd. at a cost.

Download Link

Please click on the following links to obtain the plug-in:
Low speed download.
High speed download. (Current unavailable. Please use the low speed download link)
Latest file: 26/11/2015. To check if the version you have is the newest, click on the View Info in the Plugin Manager and check the What’s New box and compare the latest date in it to the date shown here. This can also be done when installing the plugin.
Please note that this plug-in requires the Scripting module to run. Do not unzip the file you downloaded. You may see the downloaded file as extract-able as some zip program considers .app files to be archives. Just install the downloaded file into AutoCount Accounting via the Plugin Manager without unzipping it.

Installation

The installation of the plug-in is simple. Simply navigate to the AutoCount Accounting Plug-In Manager (located in the Tools menu) and use the Install button before selecting the AutoCount GST Margin Scheme .app file to install. This plug-in is compatible for AutoCount Accounting version 1.8.8 and above.

Licensing

This plug-in has 3 licensing type. The first is Unregistered. The Unregistered license will only allow users to apply Margin Scheme on 5 invoice details across all invoice documents. If the user tries to apply Margin Scheme on the 6th invoice detail and save it, the save operation will be denied and a prompt will be given to the user to register their plug-in.

Message that is prompt when registration is required

Message that is prompt when registration is required

The second type is Temporary. The Temporary license will allow user to use the plug-in with no restriction except it is limited to an amount of time. Trying to save any Margin Scheme transaction after the expiry date will cause the save operation to be denied and a prompt be given to re-register their plug-in again.

The third type is Registered. This type of license is for unlimited usage and no restriction whatsoever.

How to use

It is quite simple to use this plug-in. The user first enters into Purchase Invoice or Goods Received Note the item that they have purchased from a customer.

Buying the car from its owner

Buying the car from its owner

When another customer wishes to purchase the item that was bought previously, the user enters the item detail and must select the following GST code in that detail: SR_S.

A customer buying the same car from the company

After entering said GST code, the user can then click on the Apply Margin Scheme button. This will cause a window to prompt up displaying a list of documents that contains the same item that was entered into the detail.

Clicking the Apply Margin Scheme button opens a window to select the document

The user can then choose which document and unit price they wish to use as the purchase cost of the item by clicking on the Select checkbox. If the items bought are multiples, more than 1 document can be use and this will cause the purchase cost to be the sum of all the unit price of the items from all the documents. The only restriction there is for multiple documents would be if there is batch number on each document. Trying to add multiple documents with different batch numbers is not allowed.

The PurchaseCost is updated and the tax figure is applied on the profit margin instead of the sub total

The GST amount for this transaction will be calculated on the profit amount gain from the detail transaction and not on the total of the detail as such when printing the sales invoice to be given to your customer, please use the invoice design bundle together with the plug-in. This invoice will not contain any tax information in it. Note: When creating an invoice with Margin Scheme detail in it, please make sure that the remaining details is also a Margin Scheme detail and not a normal detail.

The report when previewed

The report when previewed

This plug-in also comes with 2 detail listing style report. The first, Margin Scheme Report, will display a normal listing report for all the invoice documents selected in the Print Invoice Detail Listing Report window. The second, Margin Scheme Report (Group By ItemCode) will display the same report as in the first report, only with the difference that ItemCode grouping is applied on all of the details.

Margin Scheme Report listing style

Margin Scheme Report listing style

Margin Scheme Report listing style with ItemCode Grouping

Margin Scheme Report listing style with ItemCode Grouping

A new report has been added into the latest version of the plugin. This report is known as Margin Scheme Listing Bil 2E. The user can access this report via the Print Invoice Detail Listing, similarly to the previous 2 listing report above. The image below shows the preview of the report.

Margin Scheme Listing Bil 2E

Margin Scheme Listing Bil 2E

Transaction Example

Company A has bought 10 second-hand car and wish to add the cars into their stock. In this situation, they have 2 ways of maintaining the stock. The first would be for each car to be a separate item code (by using the plate number or by combining the car model with plate number as the item code as shown as the images above). The second and more easier way would be to use the car model as the item code and the plate number as the batch number (this requires the AutoCount Item Batch module).

Single Item Code multiple Batch No method for maintaining stock

When a customer comes to Company A to purchase a second-hand car for an amount of RM 35,000, the salesperson will key in the item detail using the guide above. For this example, the customer has chosen a car that Company A purchased at RM 30,000. As such the GST would be applied on the positive price margin of RM 5000.

When the salesperson prints out the invoice (again using the invoice design bundled together with the plug-in), the customer will not see the tax information. Instead he or she will only see the sales amount charge to them.