Setting up Sage Intacct for the Singapore market involves more than enabling regional settings—it requires tailored configuration for local tax, compliance, and reporting needs. This blog outlines the key steps to configure the Singapore localization in Sage Intacct, including GST setup and statutory reporting, helping businesses ensure compliance and smooth operations.
New Stuff:- GST F5-F8 Report in Singapore Localization Suite
Now, let’s understand the configuration process of Singapore Localization in Sage Intacct.
- Effective Dates: Navigate to Singapore Localization Suite –> Effective Dates
The Effective Dates UI allows user to set up the Effective Dates for the Tax codes as per the defined government norms.
- Configuration: Navigate to Singapore Localization Suite –> Configuration
The configuration screen allows user to configure details like Product version and IAF version which is required while printing the localization reports.
- Tax Code Mapping: Navigate to Singapore Localization Suite –> Tax Code Mapping
The below screen allows user to map the tax codes according to the transaction types depending upon the effective dates.
With the help of above configuration, once transactions are passed the user can export the required details in the GST F5-F8 report.
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