Important Advisory From Finsys ERP Team to all
- Slides: 42
Important Advisory From Finsys ERP Team to all Finsys Users (This information is for Finsys-”India Release” only)
Executive Summary • Following Seven Things to be done by Yourself Creation of State Master Linking of GST No and Home State in Finsys Branch Master Linking of Customer / Supplier GSTN No and State in Account Master Creation of GSTN Rates Master Linking of HSN Code in Item Masters Opening of CGST Payable / SGST Payable / IGST Payable / UGST Payable in Account Master in 07 Main Group • Linking of above Opened Account Code in Control Panel • • • 12/23/2021
Point of Remember • In the GST regime, The Taxation rule is as under • Inter State Sale • If the Home state is Haryana, • Customer state/shipping location is Maharashtra • Then we charge IGST only • Local “within State Sale” • If the Home state is Haryana, • Customer state/shipping location is also Haryana • Then we charge combination of CGST + SGST • FYI The Purchases are also on similar lines • All this has already been configured in the Finsys ( active wef 1 -7 -17) 12/23/2021
Now , Step by Step…. In Detail 12/23/2021
First Job : Linking of Our Home State and Our GST no in Finsys ERP. . Go to 'System Admin' module
click on ' Branch Master' then update the Home State & GST number in Branch Master In Case of Multi Location or Multi Branch Opened in Finsys ERP , GST No and Home State to be entered separately, Please get Confirmation from Your GST Consultant
click on the pop up button & select your state
Then update Your 'GST Number'
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Second Step 1. Making State Masters 2. Linking of Customer / Supplier GST No in Account Master 3. Linking of Customer / Supplier State in Account Master 4. Creation of Following Accounts in Finsys in 07 Main Group CGST Payable SGST Payable IGST Payable UGST Payable 12/23/2021
State Master In Finsys ERP 12/23/2021
Then go to 'Finance' Module
Go to 'Master Files'
Go to 'Account Master' to Make GST ledgers & update Party Master
Open Party A/c in edit Mode & Enter 'State & GST Number'
Open Party A/c in edit Mode & Enter 'State & GST Number'
Create 'CGST Payable' A/c in '07' series
Create 'SGST Payable' A/c in '07' series
Create 'IGST Payable' A/c in '07' series
Create ‘UGST Payable' A/c in '07' series 12/23/2021
Linking of Control Panels in Finsys System Admin Grid • The Account Opened has to be linked in Finsys ERP for making Automatic Voucher in System Admin Control Panel • BE CAREFUL DO NOT MODIFY ANY OTHER CONTROL PANEL EXCEPT A 77 / A 78 / A 79 • THIS EXCERSISE TO BE DONE IN PRESENCE OF RESPOSIBLE PERSON • IF ANY OTHER CONTROL PANEL IS TOUCHED EXCEPT THESE , THIS CAN RESULT TO WRONG DATA…. BE CAREFUL 12/23/2021
12/23/2021
Linking of GST Account Codes In Control Panel : Go to 'System Admin' Module, to link GST A/c's in Control Panel
A 77 = CGST A 78 = SGST A 79 = IGST
These acode are to be manual entered in the fields as shown Related Control panles of GST A/c's Be Careful do not touch any other Control Panel, This is Dangerous for Data
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Step 3 • Creation of HS CODE , GST rates master • Putting CGST, SGST , IGST Rates in the master 12/23/2021
After That go to 'Finance Module', to Open GST Rates
Then Go to 'GST Module'
After That go to 'GST Rates Master' to Create Rates
Enter GST Category/HS Category, GST Code/HS Code, CGST Rate, SGST Rate, IGST Rate
Enter GST Category/HS Category, GST Code/HS Code, CGST Rate, SGST Rate, IGST Rate
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Step 4 • HSN Master to be Opened • Linking of FG Items / Purchase Items in Item Master 12/23/2021
After That go to 'Engineering & Planning Module', to link Items with GST/HS codes
After That go to 'General Item Master', to link Items with GST/HS codes
Click on This Tab to Link GST/HS codes, With Item Master
That GST/HS codes You Opened , Those Will Be Show Here
Now GST/HS Code is linked , Save The Item Master
That GST/HS codes You Opened , Those Will Be Show Here
Now GST/HS Code is linked , Save The Item Master
Next Topic 12/23/2021
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