PEAK with the new function designed to enhance efficiency.
✨ 1. Manage electronic withholding tax (e-Withholding Tax: e-WHT) in documents more conveniently.
📢The system now enhances e-Withholding Tax (e-WHT) management to support a more comprehensive workflow by adjusting the display of data and allowing users to configure information as follows:
- Set up advanced options in the bank used for e-WHT via the Finance menu.
- Add e-WHT submission options when receiving or making payments on the document page.
- Add e-WHT statuses in the withholding tax and deducted tax sections in the Finance menu.
- Update withholding tax reports to show the e-WHT submission method.
The e-WHT data will not be pulled to the PEAK Tax feature. This improvement helps manage withholding documents more conveniently and accurately.
Example of e-WHT submission options
Example of e-WHT status
Example of Withholding Tax Report
✨ 2. Send e-Withholding Tax (e-WHT) data more easily with a text file uploaded to the bank.
📢 For businesses on the Premium package who generate text files for bank transfers with multiple payments, the system now supports sending e-WHT data via the Payment File. Users can choose the type of withholding tax submission—normal or e-WHT. The system will record journal entries automatically according to the selected format and allow exporting in formats compatible with the bank system. This reduces data entry errors and allows for faster, more accurate bulk payment management.
✨ 3. Import receipt documents from platforms with greater flexibility by choosing how to record discounts according to business policy.
📢 The system adds options for recording discounts on the receipt import page from platforms. with the following two options:
- Record discount/unit separately per item : Record as a discount per unit or according to each item.
- Record all discounts together as a lump sum : Combine all discounts and post them under the discount account as configured.
This supports accounting that aligns with the company’s policies and makes it easier to verify transactions.
✨ 4. Instantly create billing/payment summary documents from the document page, making it more convenient and time-saving.
📢 The system adds “Create Billing Document” and “Create Payment Summary” buttons for direct use from receipt and payment documents. The system automatically pulls contact information, document type, and issue date from the original document and allows selection of base documents instantly, helping users create follow-up documents more easily.
✨5. Improve the calculation of accumulated income in payslips by referencing the due date, with the ability to update multiple payslips at once.
📢 For businesses using PEAK Payroll, users can now control how accumulated income is shown on payslips more accurately. The system now calculates based on the “due date” instead of the document date, helping users define periods more accurately. Additionally, users can update accumulated income across multiple payslips in a single click-no need to do it one by one anymore.
✨ 6. Edit product items and category groups even if the document has already been reconciled with the bank.
📢 The system now allows editing of product items and category groups even after reconciliation, reducing redundant work and making document handling easier. No more issues where the bank reconciliation was completed but an error in product or category data was later discovered.
✨ 7. Select items from the bank reconciliation page to create payment or transfer documents for multiple items with a single click.
📢 For accountants using the bank reconciliation feature, the system adds a “Make Transaction” button on the reconciliation page. Users can now select multiple statement items to:
- Create documents
- Make transfers
- Make payments
Users can also right-click individual items to process them. Once completed, the system will reconcile them automatically-saving time and increasing accuracy in financial transactions like a pro.
✨ 8. Set past dates when creating automatic (Recurring) documents – now more reflective of real data.
📢 For businesses using recurring document creation, the system now allows users to specify a start date in the past. The system will not generate past documents, but the selected start date will align with the actual agreement with partners-making the data in the system more reflective of reality.
✨ 9. Use Invoice Receipt (IR) documents to create payment summaries, with support for multiple IR/GR reconciliations.
📢 For Premium package users using Invoice Receipt (IR) and Goods Receipt (GR) documents, the system now offers more flexibility:
- IR documents can be directly used to create Consolidated Payment Notes (CPN), with full IR details shown in the document creation page, reports, and online view (toggleable as needed).
- Supports multiple reconciliations between IR and GR documents—not limited to just once. The system matches using product code, unit price, per-unit discount, and tax type. Even if quantities differ, the system will auto-record and carry over balances.
This helps document and product balance management become more systematic, convenient, and accurate.
Example of Consolidated Payment Document Page (Online View)
About Author
