In 2016 the Chinese authorities released an update to the Golden Tax legislation. In response to this requirement, QAD Enterprise Edition now enables you to:

Customer Billing enables you to group customer invoices on a summarized document and send a single bill to a customer. This is a common business practice in Japan and Thailand.

To increase the efficiency of the billing process, you can now search for and select invoices on the basis of the invoice status code.

The status code has also been added as a column on the grid with the selected invoices. You can open the details of the customer invoice from the grid.

In Japan, companies must produce a yearly report showing the consumption tax of all postings made on selected accounts. At a minimum, the report shows the list of accounts, the account description, and the base amount per taxation rate. There are no legal requirements for the report layout.

You can now make the consumption tax property available on supplier and customer Invoice postings.

To enable consumption tax in a domain, select the Use Consumption Tax field on the General tab of Domain Create. When enabled, you can define a default tax code for GL account maintenance on standard and open item accounts with manual posting.

On the Consumption Tax tab in GL Account Create, you can enable consumption tax for the GL account and specify the tax code to use for consumption tax in each domain that you add. The GL account must be a standard open item account with manual posting.

In Customer Invoice Create, there is a new Consumption Tax Code field in the grid on the CI Posting tab. The Consumption Tax Code field is also available on the Matching Posting tab of Supplier Invoice Create and Manual Posting in Receiver Matching Create. When a new row is inserted, the default tax code of the domain is defaulted from the GL Account setup.

The new setup for consumption tax is available to use in GL Account Excel Integration (25.3.13.5) and with the XML Daemon.

In Customer Payment Create, you can now edit the interest amount in TC Interest Amount field. The other relevant amount fields are automatically recalculated when you update this field.

In Japan, and mainly in the automotive sector, it is a common practice to create customer invoices where the date of the last shipment is used as the invoice, tax point, and posting date.

You can enable this functionality by selecting the Delivery Based Invoicing field in Sales Order Accounting Control (36.9.6). When you select this field, customer invoices are created with the last shipment date used as the invoice, posting, and tax point date. The shipment date is used for the Posting, Invoice, and Tax Point dates in Customer Invoice and Journal Entry.

When this functionality is enabled, the GL effective date is disabled in the following menus:

Companies in EU countries need to declare intra-community sales on a monthly or quarterly basis. The reports IC Declarations by Business Relation, and IC Declarations by Transactions cover this requirement. Due to a requirement from tax authorities, payment discounts are now included in these reports.

ERS Processor now accepts legal documents linked to a purchase order with a different supplier code.