by Fachri Mirza
.
Nov 29 2024

Integrating with Xero/QuickBooks

Data flow diagram with Xero

Data flow diagram with QBO

How do I connect/disconnect to Xero/QBO in ASSIST?

  1. Go to setting (left-bottom corner)
  2. Click on Integrations
  3. Click on “Connect” / “Disconnect”
  4. Click on the organisation of Xero  that you wouldlike to connect to, and click on “Allow access”

Note: Please ensure that your organization is not connected to two uncertified apps.

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

Integrating with Xero/QuickBooks