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Smart Documents

Capture, organize, and extract data from invoices, receipts, and claim

Smart Claims

Submit, validate, and approve claims faster with automated workflows

Smart Invoice

Our system will automatically extract your data for e-invoice submission

Made for Singapore

Understands the unique needs of Singapore businesses.

Solution

LHDN MyInvois Malaysia

Enjoy faster submission, and a smarter way to manage invoices

IRAS InvoiceNow Singapore

Seamless e-invoicing and smarter workflows

Business Owner

Helps you stay organized, handle compliance easily

Bookkeeper

Assist Biz automates data entry, cuts down errors

Human Resource

Automates claim processing and makes reimbursements faster

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Xero

QuickBooks

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by Fachri Mirza
.
Nov 29 2024
Guides

How do I set my document to be AR (Account Receivable) automatically?

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When your registered “Company Name” in ASSIST and “Supplier Name” in the invoice exactly matches, ASSIST will classify as AR.

E.g. Company Name in ASSIST: ABC company
Supplier Name in document: ABC company -> This document will be classified as Account Payable.

If there are any documents that are classified as AP (Account Payable), please manually change this document type to AR (Account Receivable). If so, documents that are matches with changed documents’ supplier name will be classified as Account Receivable.

 

AR Demo
Example: Document classified as AP (Account Payable) for supplier name; The Software Company -> change document type to AR (Account Receivable)
AR Demo2
Example 2: Next document sent with equal supplier name; The Software Company will be classified as AR (Account Receivable) automatically.

Advisors from ASSIST Team are here to resolve your issues!
Contact us:
‍Support Email: support@assist.biz
Phone: +65-6679-5755

Can I claim for business travel between Malaysia and Singapore?

Yes, provided the travel is for business purposes. However, note the difference in vehicle claims. In Malaysia, you may claim mileage or petrol for company vehicles, whereas in Singapore, private car (S-plate) expenses remain non-deductible even for business trips.

What happens if I do not have a validated e-invoice in 2026?

For Malaysia, the LHDN may disallow the expense deduction entirely if it exceeds the consolidated threshold and lacks a validated MyInvois receipt. In Singapore, GST-registered businesses may find it impossible to claim input tax without the appropriate InvoiceNow documentation.

Are entertainment expenses fully deductible?

In Singapore, they are generally deductible if incurred for business. In Malaysia, they are typically limited to a 50% deduction, with specific exceptions for staff-related events.

How long must I keep my digital records?

Both LHDN and IRAS require records to be kept for 7 years. Digital storage is highly recommended to ensure receipts do not fade or get lost.

Guides
by Fachri Mirza
.
Nov 29 2024

How do I set my document to be AR (Account Receivable) automatically?

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