Select the best team members for ERP project.

Select the best team members for the project.


The better the project team members, the better the project’s results. Having knowledgeable, team-oriented people on the project will be invaluable for success. Remember the following criteria for selecting team members:

1. Choose Members Based on Knowledge and not Tenure
2. Keep the Group Size Between Five and Ten People
3. Identify Not Only the Team Members but Departmental Back Up Representatives as well
4. Choose Members Who Can Dedicate the Time Required for Project Participation
5. Choose Members Who are Well-Liked, Well-Known, Considered Knowledgeable, and   Respected within the Organization
6. Choose Positive Individuals Who Welcome Change

Selecting team members who are the least valuable to the organization to be on the project team because it will minimize the disruption to daily operations will doom a software selection project before it begins.

BANK RECONCILIATION

BANK RECONCILIATION MODULE
Manage all bank-related transactions through a single, automated process and ensure fast access and tight control for mission-critical financial information.

The Server: Do you have what you need?

It is highly recommended that mid-market accounting packages reside on their own dedicated server.


Your Partner will be able to provide you with the minimum system requirements, but servers come in “Honda Civic” to “Rolls Royce” versions – so you will need to rely on a trusted IT advisor.

If you decide to set up a portal (a secure online site to view data) for your system, this may require an additional server called an IIS server.
 
If you have a large number of reports, and run them on the same server as your application, it can dramatically impact performance. The result is frustrated users and complaints.

Plan ahead and distribute the processes evenly across multiple servers if necessary.

pros and cons of GST registration

If a company is not required to register, is it beneficial to register for GST?


It depends. If you are required to register for GST, you have no choice. Otherwise however, you should consider the following pros and cons of GST registration:

Benefits
To the government

1. It generates a stable and predictable tax income in both good and weak economic environment.
2. It is an efficient tax due to the comparatively lower cost of administration and collection.
3. It allows the Government to lower corporate and personal income taxes(going to propose when GST implemented)  This leads to overall economic growth.

To businesses and individuals

1. Most large, established businesses are GST registered - getting your business GST registered is often a signal to customers that your business is an established business and has certain size.
2. GST is a fairer tax system. It taxes the self-employed and wage earners only when they spend their money.
3. Cost of doing business is reduced, thereby contributing to lower prices. Businesses do not suffer a tax cost due to the multi-stage credit mechanism since the real taxpayer is the end-user.

Drawbacks

1. The disadvantage of GST registration is the administrative burden that comes with discharging the duties and responsibilities of GST registration.
2. One must either study the intricacies of GST or pay an accountant to undertake this work which in some cases can be a reasonably high cost.
3. Being GST registered effectively increases your selling price by 4%. Your customers who are not GST registered would not be able to recover the GST you charge. So although your costs are reduced because you can recover GST, your customers might not be too pleased.
4. GST can be a burden to lower income groups, especially during times of high inflation when the 4% tax is paid on the increasing price of daily essentials.

GST when exporting goods or services out of Malaysia

Must a Malaysia company collect GST when exporting goods or services out of Malaysia?


No. Export goods and services are called zero rated supplies and GST tax is not applicable.