Tax Management
I have a bill from Telco and for local calls, there is GST. But for ovreseas call, GST is exampted. These transactions come in the same bill. How do I setup and record?
This is one of the most common issues faced by our customers and users. Highnix ERP is able to handle it. It is actually quite simple. Users just need to setup the following:
- Assuming that the tax type of TX (current tax rate say 8%) and ZP (Zero Tax) tax type has been setup. (Note1 A Zero Tax and Tax exempted means different thing. Zero Tax is a tax, but it is zero. If this is used, the system will capture the input value of purchase, but it has zero tax. If Tax exempted is applied, there will be no record of input value and the tax.)
For example, you have an Internet connection, a router, a simple firewall and Local Area Network. This can be subjected to virus attack, hacker (if the hacker found that it is worth to hack to your network and server), fire, water, physical vandalism, malicious codes, phishing or advanced phishing attacks.
Typically, a cloud service provider provides adequate protection against attacks. The firewalls are more advanced than a normal SME can deploy and implement. The hardware are also housed in data centre with proper physical access control and fire protection. Their network security expertise are generally at the level of large corporations.
Therefore, if a company does not have budget for competent Network specialist, it is better to host the service at the cloud servers.