■About China
About Account title
Since the title of accounts are determined by Government in China, these title of accounts are to be followed.

About Issue of Increased tax card (Hereinafter referred to as (Card Issue)
It is mandatory to go for ssue of [Card] which is controlled by State Administration of Taxation or local government. Expenses cannot be posted without proper [Card issue].
Since [Increased tax card issue] which is managed byState Administration of Taxation is done using various tax control machines (TCM) such as special software, printer etc. , it becomes necessary to develop interface with TCM.

About [Book/Shusatsu] management
[HandBook/Shusatsu] management is a type of business specific to Bonded Improvement Trade (Import/Export trade by keeping the payment of customs duty pending).
This leads to the operations where documents such as registered books are created and [Amount of imported raw material] and [Amount of exported products] should be matched in case of individual imports and exports.
The processing industry registers processing agreement details in the jurisdictional customs house within one month after the conclusion of processing trade agreement.
It becomes mandatory to acquire the hand books like in the case of processing registration handbooks (Original equipment (Supplied raw material free of cost): [Processing and Assembling Trade small and medium type compensation trade debouche cargo registration handbook], In case of feeding processing trade (Supplied raw material on payment]: [external investment as against China customs house Duty free exports and imports can be carried out within the limitations of the raw materials/components and product lists which are registered in this registration handbook.
As for [HandBook], it becomes mandatory to have periodic inspection by local customs house.

About the submission of Financial Statements
It is mandatory to report the government and local government with the following financial statements.
       

■About Taiwan
There are a very few difficult points but it is mandatory to use [Issue of unified Cards]. The receipts managed by the nation is known as [unified cards] in the same way as China. The format for unifiedcards is purchased from the country and the country issues unified cards within the numbers specified at industry level.
As for the numbering rules for these unified cards, it should be in ascending order based on the posting date. In order to create these cards retroactively or at a later date, it becomes necessary to reserve 10 numbers as a backup to the last card number in a day and give numbering from +11th for the following day.
As it is required to register unified card No. in the Accounts receivables invoice document, it is mandatory to provide user defined items in ERP system.
Similarly, even in case of p;urchase document, it is required to make a provision for user defined items to record the No. of the unified card No. that has been received.
As for the documents for tax declaration, it is just sufficient to prepare the documents with a layout consisting of unified card Nos. by means of query.

■About Thailand
In Thailand, every individual and every group who are liable to pay VAT should register the tax in the tax department before the commencement of business or within 30 days from the date when the income has reached a specified amount. If the registration of tax payers is not done, it cannot be used in tax exemption and calim for tax refund. Therefore, this aspect needs to be taken care of.
VAT registered contractors calculate VAT at the end of the month and proceed with tax declaration and tax payment by 15th of the following month.
Tax payers indicate VAT equivalent to the amount received on sold commodities using Tax Invoice for each transaction. Tax Invoice is also used as a voucher for the purchase VAT of the sales destination. If purchase VAT crosses Sales VAT, that excess amount is either carried forward to the following month onwards or a claim is made for refund.
At the time of transactions, It is mandatory for VAT registered contractors to issue tax invoice describing the details such as the type of transaction, the cost of sold products and services offered, payable amount of VAT etc. in detail.
Since, signage of Thai language, definition for Thailand are not provided in ERP package, [Australia/Newzealand] are nornally selected. In case of VAT declaration, required data is extracted from ERP package to populate it in Excel sheet and is further submitted in Thai language.
In case of Japanese firms, there will hardly be any problem even if the country is selected as [Singapore] and the language as [English].
As for network environment, there is no problem if it is within bangkok city but it may affect the quality tremendously once it is out of the city.

■About Singapore
Currency set by the country is Singapore dollar and the system is prevalent in which the corporate accounts are prepared with the currency of maximum usage.
Even in this case, tax declaration is made in Singapore dollars.
There are many cases in SAP Business One where US$ is used as domestic currency in ERP package and system currency is created with Singapore dollars.
As for all the sales and purchases, posting of expenses etc., it is required to create a GST report (Value added tax, or consumption tax) by incorporating the classification of taxable, tax-free and tax exempted.
When it comes to exports/imports, it requires a report at invoice level with the classification of tax exemption, transactions between trilateral transactions and domestic consumption. However, transactions during transit are excluded.
However, dealings under transportation are excluded.

■About South Korea
The sales standard is not a shipment standard but an inspection basis.
However, sales need to be posted with inspection amount that has been intimated by the client.
For this purpose, since sales are posted after the inspection, it becomes difficult to implement 〆monthly process within 5 working days in the following month.
In case of transactions, it is mandatory to create [Tax calculation sheet] pertaining to value added tax.
There is no standardized format at country level for [Tax calculation sheet] and there are many constraints with regard to the registration No. of the enterprises and items that ought to be printed.
Tax calculation sheet need to be created on monthly basis at customer level as in case of [〆 Invoice] in Japan.
It is difficult since the contents of tax calculation sheet at client level need to be matched with the other party, It becomes necessary to select the period for the declaration of value added tax to the tax office (Like one month, 3 months, 12 months), create total tax calculation data classified by taxable, tax-free and tax exemption and declare it on Web.
When the product manufactured from the imported raw material is exported, it is allowed to receive refund as import duty. Hence, it is required to make a provision for title of accounts with the expectation of tax refund.

■About United States
The general trend in United States is to define by including management accounting elements such as profit center etc. in accounts title code.
For example, the cases are more where accounts title code for sales is “4100”, the actual accounts title code is defined as “4100-02-01-04”.
Actually, if United states is selected at country level definition in ERP package, the standard accounts of titles are displayed with sub-numbers in three levels.
However, if the hierarchic structure conscious title of accounts is set, need arises to define automatic posting at document level with G/L accounts setup only for those numbers.
In reality, it proves difficult. Hence it is advisable to use standard accounts title codes devoid of sub-numbers and the expression of heirarchic structure such as profit center etc. should be handled by user defined items.
This being sales tax but not consumption tax, it becomes non-taxable till the final consumption stage.
As for sales tax, tax is levied in 4 levels such as federal state, province, country and city. Tax rate varies on weekly basis.
Deposits and withdrawals are mainly done through checks.
Accounts are also settled mostly by credit cards.

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