Introducing GST Compliance Accounting Software
SkyBiz ® Accounting
GST which is also known as VAT or the value added tax in many countries is a multi-stage consumption tax on goods and services. Malaysia government has recently announced its new plan in replacing the existing sales and service tax with the goods and services tax (GST) starting from April 2015 onwards during the budget 2014 presentation.
GST is levied on the supply of goods and services at each stage of the supply chain from the supplier up to the retail stage of the distribution. Even though GST is imposed at each level of the supply chain, the tax element does not become part of the cost of the product because GST paid on the business inputs is claimable. Hence, it does not matter how many stages where a particular good and service goes through the supply chain because the input tax incurred at the previous stage is always deducted by the businesses at the next step in the supply chain.The basic fundamental of GST is its self-policing features which allow the businesses to claim their Input tax credit by way of automatic deduction in their GST accounting software. Here, Malaysian GST Accounting Software inspired by the government in its efforts to enhance the effectiveness of the current taxation system, GST is expected to be much more efficient, transparent, and friendly to businesses which highly essential in eliminating all SST weaknesses. read more
Introducing the SkyBiz ®
SkyBiz Accounting software is application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, general ledger, payroll, trial balance, income statement, balance sheet. It functions as an accounting information system.
SkyBiz Multi-store is a program allows company to consolidate all their branches transactions (sales. customers, inventory, vendor, data & etc) to Head Office in the most easiest and affordable method.
SkyBiz offers innovative productivity solutions designed to add value and maximize return on investment
SkyBiz is your best business management system of choice to manage your business. With SkyBiz accounting software, great work with low cost, computing accounts is a bliss! This software free you up to concentrate on set your business for success.
"SkyBiz offers reliable, technology-intelligent, yet affordable efficient solutions for business and public sector organizations of all sizes. These, coupled with the ability to adjust to the customer's product and needs, are the key elements of SkyBiz's service philosophy."
Dr. Lim Chin Lee,
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