Scenarios
Offline POS System
1. Generate Receipts: Use the POS system to create receipts as you normally would. At the end of the month, the system can generate a single report that combines all the receipts into one consolidated invoice.
2. Submit to LHDN: Use this consolidated invoice to submit your sales data to LHDN (Inland Revenue Board of Malaysia) through the MyTax portal.
3. Exclude Specific Receipts: If a customer requests an official invoice for a specific receipt, you can mark that receipt to be excluded from the consolidated invoice report.
4. BMO POS System: You can use the BMO POS system for this process. It is a complete solution that includes both hardware and software. Visit posmarket.com.my for more details.
Demand e-Invoice
1. Customer Requests e-Invoice: When a customer makes a purchase and gets a receipt from the POS system, they can later request an e-invoice through a website.
2. BMO Accounting URL: BMO Accounting provides a web link where customers can enter their details and request an e-invoice.
3. Exclude from Consolidated Invoice: The receipt for which an e-invoice is requested will not be included in the consolidated invoice report.
4. Create and Send e-Invoice: You can use BMO Accounting or any other accounting system to create the e-invoice and submit it to the e-invoice portal. Once done, the e-invoice is sent to the customer.
POS + BMO Accounting (e-Invoice)
1. POS System: The BMO POS system handles all point-of-sale tasks, such as creating receipts for retail, food and beverage, and other businesses.
2. e-Invoice Request: BMO Accounting provides a web link for customers to request e-invoices for their purchases.
3. Exclude from Consolidated Invoice: Any receipt with a requested e-invoice will not be part of the consolidated invoice report.
4. Create and Submit e-Invoice: BMO Accounting will create the e-invoice for the customer and prepare it for submission to the e-invoice portal.
5. Full Accounting Features: BMO Accounting also handles all other accounting tasks, such as managing payments, tracking money owed by customers, reconciling bank statements, and generating financial reports.
BMO Accounting (e-Invoice)
1. Consolidate Cash Sales: Cash sales can be combined into a single consolidated e-invoice for easy reporting.
2. Complete Accounting Solution: BMO Accounting can handle all your accounting needs, including managing bills, tracking customer payments, reconciling bank transactions, and creating financial reports.
3. Submit Various Documents: You can use BMO Accounting to submit e-invoices, credit notes (CN), self-billed invoices, and more to the e-invoice portal.
4. Cloud Hosting: The system is hosted in the cloud, making it easy to access and use from anywhere.
5. Customer Support: BMO Accounting offers customer service to help you with any issues or questions.