Archive for the ‘Infor Financial solutions’ category

Sunsystems v 6.3 – time to upgrade.

January 14th, 2019

Infor SunSystems® delivers integrated financial, purchasing, inventory, and sales management paired with social business, analytics, and in-context business intelligence. For those on legacy versions such as v5 or even 6.1 or 6.2 there many reasons to upgrade this year to version 6.3. here are just a few:

1.ENHANCED SUNSYSTEMS CORE FEATURES
Give users a familiar, easy-to-use environment. Infor SunSystems helps you to increase productivity and to reduce training time. Employees can easily find information relevant to their jobs, and even delivers that data to them automatically.
2.MODERN USER INTERFACE
Create real-time queries and drill back to the source transaction to take immediate action. The addition of the Infor Ming.le™ social feed helps you get clear, supporting insight and links to additional information at the point of decision.
3.ROBUST BUSINESS INTELLIGENCE
SunSystems has web dashboards and a self-service front-end that allow any business user to conduct sophisticated analytics.
Centralization of data is improved, and integration to your business applications is more seamless so that you can get business insights through a variety of channels.
4.INFOR ION INTEGRATION
This version of SunSystems has expanded Infor ION® integration capabilities, which provides easy integration with a range of Infor solutions for risk management, human capital management, travel expense control, asset management, and more. You get cross-application workflows and event management, and deeper insight across application process flows, as well as proactive, preemptive control.

SunSystems in 2018 became part of the Infor OS. This brings several advantages to the product. It will become integrated with other Infor solutions. There are plans to integrate Infor Birst, HCM, HMS (Hospitality Management) and CRM from 2019. The integration of Birst may see some customers adopt the powerful BI tool and rethink their reliance on spreadsheets.

Sql 2014 Sp2 Update 15

December 15th, 2018

The 15th cumulative update release for SQL Server 2014 SP2 is available for download at the Microsoft Downloads site.
Registration is no longer required to download Cumulative updates.

CU15 KB Article: https://support.microsoft.com/en-us/help/4469137

Microsoft® SQL Server® 2014 SP2 Latest Cumulative Update: https://www.microsoft.com/download/details.aspx?id=53592

Update Center for Microsoft SQL Server: http://technet.microsoft.com/en-US/sqlserver/ff803383.aspx

RPA certifications for Synergy Software Systems, Dubai

November 25th, 2018

I am pleased to announce that following extensive training over recent weeks two of our consultants have already achieved certifications.

If you have an ROA project in mind and need support for your project from a proven, local. UAE partner then please call Synergy Software Systems on 0097143365589

Making Tax Digital (MTD)

November 19th, 2018

If you have U.K operations then be aware of Making Tax Digital (MTD), a transformational approach to taxation in the UK from HMRC. The first change is coming in 2019 and will affect every organisation from processes to how systems are set up to record and report tax.

This will affect all companies with U.K, financial operations and all financial software. From April 2019, businesses that are registered for VAT and have turnover above the VAT registration threshold of £85,000 will be required to keep digital records for VAT purposes and submit their quarterly VAT return updates to HMRC through functional compatible software

The new VAT record keeping rules requires that all applicable VAT return data is digitally linked so that transactions can be traced from source data (i.e. purchase/sales ledger) to VAT return completion and upload.

Key benefits for businesses include improved visibility over their tax situation and easier access to tax information online; enabling businesses to plan and budget more effectively, driving performance and growth

With Making Tax Digital, the new regulation from HMRC going live from 1 April 2019, it’s time to start preparing. This is similar to the legislation already implemented in the U.A.E. which we have done for both infor SunSystems, and Dynamics 365/Dynamics Ax.

Which versions of Dynamics AX will Microsoft be ‘Making Tax Digital’ compliant?

Any Dynamics product that is still under mainstream support will get an update from Microsoft to ensure full compliance. This means for Dynamics AX only Dynamics AX 2012 R3 will be automatically updated. Microsoft have not confirmed when this update will take place – there are still some further details to come from HMRC.

Receiving the Microsoft update may not be enough to guarantee full compliance – there will likely need to be a number of small updates such as capturing the right fields and updating commercial forms, and reporting format that will need to be confirmed.

In addition, by April 2020 you will need to ensure all of your processes are fully digital.

IFRS 9

November 7th, 2018

The Standard includes requirements for recognition and measurement, impairment, de-recognition and general hedge accounting. This standard has replaced IAS 39 and responds to the criticisms that IAS 39 was too complex,
inconsistent with the way entities manage their businesses and risks, and defer the recognition of credit losses on loans and receivables until too late in the credit cycle.

The new standard is based on the concept that financial assets should
be classified and measured at fair value, with changes in fair value recognized
in profit and loss as they arise (“FVPL”). That is unless restrictive criteria are met for classifying and measuring the asset at either Amortized Cost or Fair Value Through Other Comprehensive Income (“FVOCI”) subject to a special
FVOCI designation option for investments in equity instruments, only
loans, receivables, investments in debt instruments and other similar
assets ( “loans and receivables”), can qualify for measurement at Amortized Cost or FVOCI. The key questions are whether:
• The objective of the entity’s business model is to hold assets only to collect
cash flows, or to collect cash flows and to sell (“the Business Model test”),
and
• The contractual cash flows of an asset give rise to payments on specified
dates that are solely payments of principal and interest (“SPPI”) on the
principal amount outstanding (“the SPPI test”).

Both of these tests determine whether to account for an instrument at
Amortized Cost or FVOCI

IFRS 9 specifies how an entity should classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items. IFRS 9 , deals separately with the classification and measurement of financial assets, impairment and hedging.

IFRS 9 requires an entity to recognise a financial asset or a financial liability in its statement of financial position when it becomes party to the contractual provisions of the instrument. At initial recognition, an entity measures a financial asset or a financial liability at its fair value plus or minus, in the case of a financial asset or a financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or the financial liability.

So why does it matter if you are not in the Financial services sector?
Any entity with long-term loans, equity investments, or any non-standard financial assets, or only holding short-term receivables may find that it requires
significant changes to its financial reporting as the result of this standard.

Possible consequences of IFRS 9:
Income statement volatility. More assets will
have to be measured at fair value with changes in fair value recognized in
profit and loss as they arise.

Earlier recognition of impairment losses on receivables and loans,e.g. trade receivables. Entities will have to provide for possible
future credit losses in the first reporting period that a loan goes on the books
– even when it is highly likely that the asset will be fully collectible.

New disclosure requirements—the more significantly impacted may even need new systems and processes to collect the necessary data.

IFRS 9 is an opportunity for balance sheet optimization, enhanced efficiency of
the reporting process and cost savings.

Before your year end audit consider the possible impact on financial statements, systems, processes, controls.

Financial assets

When an entity first recognises a financial asset, it classifies it based on the entity’s business model for managing the asset and the asset’s contractual cash flow characteristics, as follows:

Amortised cost—a financial asset is measured at amortised cost when both of the following conditions are met:
◦ the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and
◦ the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

Fair value through other comprehensive income—financial assets are classified and measured at fair value through other comprehensive income when these are held in a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets.

Fair value through profit or loss—any financial assets that are not held in one of the two business models mentioned are measured at fair value through profit or loss.

When, and only when, an entity changes its business model for managing financial assets it must reclassify all affected financial assets.
Financial liabilities

All financial liabilities are measured at amortised cost, except for financial liabilities at fair value through profit or loss. Such liabilities include derivatives (other than derivatives that are financial guarantee contracts or are designated and effective hedging instruments), other liabilities held for trading, and liabilities that an entity designates to be measured at fair value through profit or loss (see ‘fair value option’ below).

After initial recognition, an entity cannot reclassify any financial liability.

Fair value option

An entity may, at initial recognition, irrevocably designate a financial asset or liability that would otherwise have to be measured at amortised cost or fair value through other comprehensive income to be measured at fair value through profit or loss when doing so will either eliminate, or significantly reduce a measurement or recognition inconsistency (sometimes referred to as an ‘accounting mismatch’) or will otherwise result in more relevant information.

Impairment

Impairment of financial assets is recognised in stages:

Stage 1—as soon as a financial instrument is originated or purchased, 12-month expected credit losses are recognised in profit or loss and a loss allowance is established. This serves as a proxy for the initial expectations of credit losses. For financial assets, interest revenue is calculated on the gross carrying amount (ie without deduction for expected credit losses).

Stage 2—when the credit risk increases significantly and is not considered low, full lifetime expected credit losses are recognised in profit or loss. The calculation of interest revenue is the same as for Stage 1.

Stage 3—when the credit risk of a financial asset increases to the point that it is considered credit-impaired, interest revenue is calculated based on the amortised cost (ie the gross carrying amount less the loss allowance). Financial assets in this stage will generally be assessed individually. Lifetime expected credit losses are recognised on these financial assets.

Hedge accounting

The objective of hedge accounting is to represent, in the financial statements, the effect of an entity’s risk management activities that use financial instruments to manage exposures arising from particular risks that could affect profit or loss or other comprehensive income.

Hedge accounting is optional. An entity applying hedge accounting designates a hedging relationship between a hedging instrument and a hedged item. For hedging relationships that meet the qualifying criteria in IFRS 9, an entity accounts for the gain or loss on the hedging instrument and the hedged item in accordance with the special hedge accounting provisions of IFRS 9.

IFRS 9 identifies three types of hedging relationships and prescribes special accounting provisions for each:

fair value hedge: a hedge of the exposure to changes in fair value of a recognised asset or liability or an unrecognised firm commitment, or a component of any such item, that is attributable to a particular risk and could affect profit or loss.

cash flow hedge: a hedge of the exposure to variability in cash flows that is attributable to a particular risk associated with all, or a component of, a recognised asset or liability (such as all or some future interest payments on variable-rate debt) or a highly probable forecast transaction, and could affect profit or loss.

hedge of a net investment in a foreign operation as defined in IAS 21.

When an entity first applies IFRS 9, it may choose to continue to apply the hedge accounting requirements of IAS 39, instead of the requirements in IFRS 9, to all of its hedging relationships.

IFRS 9 is effective for annual periods beginning on or after 1 January 2018.

SQL 2014 SP3 now released

November 1st, 2018

Fixes include:

• Less TempDB contention
• Improved memory grant diagnostics using Extended Events
• Trace flags show up in query plans
• Wait stats, CPU time, elapsed time show up in query plans
• Query_hash and query_plan_hash data types now match between XE and DMVs
• Scalar UDF stats show up in query plans
• Row goals show up in…oh, you get the point
• Unified showplan schema for all supported versions
• MAXDOP hint for creating and updating statistics
• Faster restores on disks with 4K sectors

VAT in Bahrain – Update your Sunsystem financials with Synergy Software Systems

October 23rd, 2018

Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and Saudi Arabia as part of the GCC framework agreed between the six states, according to tax experts. Bahrain’s parliament in an extraordinary session ordered by royal decree. has approved the introduction of 5 percent value-added tax (VAT) in the kingdom from January 1 2019. The move must also be approved by Bahrain’s upper house.

The introduction of VAT will be a big challenge for the local Bahrain market, and businesses now have less than 3 months to be prepared for these changes. This announcement of a definitive date for the tax to become effective means that businesses should accelerate their VAT readiness preparations. Last week, Bahrain announced a fiscal overhaul meant to balance its budget by 2022, backed up by a $10 billion economic support package from Saudi Arabia, the UAE and Kuwait. The plan aims to raise $2.1 billion a year as Bahrain looks to curb its debt after years of lower oil prices.

At the start of 2018 VAT was introduced in both K.S.A, and the U.A.E. Synergy Software Systems has extensive experience of VAT implementation in business systems like Dynamics 365 Finance and Operations, Dynamics Ax, and Infor SunSystems in both K.S..A and the U.A.E, across almost 200 customers in varied vertical sectors.

VAT Registration
• The compulsory VAT registration threshold in Bahrain is BHD 37,000 per annum.
• A voluntary registration for businesses below this threshold is permitted, although this has its own minimum threshold of BHD 18,850 per annum.
• There is scope for related businesses to apply for a single, Group VAT registration.
• There is no threshold for non-resident businesses, which must register prior to their first supply. Foreign registrations may be either direct, or via a local Fiscal Representative.

Bahraini VAT rates
Generally, Bahrain follows the terms of the Agreement, including the harmonised standard VAT rate of 5%, but has a wider range of zero and reduced VAT rates to provide subsidies to the less well off in society.

Which goods or services, at what rate?:

% Zero Basic foodstuffs; domestic and international transport; new properties; healthcare; exports of goods and services; high-value metals; oil and gas; education; and medicine and medical equipment.

Exempt: Sale and lease of real estate; and financial services.

5% Standard From 1 January 2019: All other supplies of goods, or services, including imports, in accordance with the Unified VAT Agreement.

Bahraini VAT invoices
VAT invoices must contain the following information as a minimum:
• Date of invoice (and date of supply if different)
• Unique, sequential invoice number
• Tax ID number of the supplier
• Name and address of the supplier and customer
• Description and quantity of the goods supplies; nature of services provided
• Gross, VAT and net values of supply
• VAT rate applied, and explanation where not the standard rate
Invoices must be issued within 15 days following the month of supply of the taxable goods or services.

Bahraini VAT Returns
Registered tax payers must submit their periodic returns each month.
Returns must be filed by the last working day of the month following the reporting period.

Penalties for non-compliance
Timely preparation is critical because VAT is generally a self-assessed tax, and errors are often subject to severe penalties and business disruption.
Businesses that have been operating in a largely non-tax environment should already have started to prepare and to analyze in detail what the implications of the new tax will be for example on: their pricing, contracts and IT systems.
The following penalty regime for non-compliance is in place, with financial penalties and potential prison terms:
• BD10,000 for failure to register for VAT within 60 days of the required date
• Failing to issue a VAT invoice within 15 days of the month following the taxable supply
• Failing to submit a VAT return and/or pay any VAT due by the end of the month following the reporting month,

Transition rules
The following rules will apply to supplies contracted and supplied over the introductory period:
• Where invoices were issued, or payments made, prior to 1 January 2019 for post-implementation supplies, then VAT is still due. In this case, a debit note for the original invoice should be issued with the correct VAT indicated.
• Initially, goods supplied to other GCC states that have also implemented VAT (Saudi Arabia and UAE) will be treated as exports. There are plans to introduce zero-rating with reverse charge supplies to eliminate import VAT, but this is dependent on the introduction of an Electronic Services System transaction reporting platform, which has yet to be developed.
• For pre-January 2019 contracts which are silent on the VAT treatment, then the price will be VAT inclusive. This presents a cash flow risk for the supplier.

Other GCC Countries
The Sultanate of Oman announced that VAT would be introduced in 2019, most likely mid-2019.
The Kuwaiti parliament is yet to vote on the VAT bill which should be introduced in the upcoming session before the year-end. The expected timeline of introduction of VAT in Kuwait is late 2019 or 2020.

EY, estimated that a five per cent VAT rate will produce revenues of over $25 billion per annum for the six GCC countries.

Contact:
Synergy Software Systems: 009714 3365589/ 33734282
Deyafa Systems: 009714 3240066

Gitex 2018- See Filehold DMS with Synergy Software Systems

September 30th, 2018

Meet us with Globalis to see how advanced cheque scanners and a modern DMS solution work together.

Talk to us about how repetitive automation can help you match hundreds of thousands of invoices, or to reconcile claims, or to reconcile multiple bank accounts.

Let us show you how easy it is to drillback from any key field in any application, back to the source doument and all related documents in Filehold.

SQL Server 2016 SP2 CU2, SP1 CU10

July 18th, 2018

Fixes and improvements:
• DAG improvement – automatically seed replicas – when you add a database to an existing AG, SQL Server can automatically seed it across the secondary replicas. .
• AGs – configurable session_timeouts
• AGs – slow transactions with 1 sync and 1 async secondary
• AGs – on cross-data-center AG failover, you get a non-yielding scheduler and a crash
• AGs – queries on secondary take twice as long
• AGs – VSS backups fail on secondary replicas in a Basic Availability Group (which technically you’re not supposed to do, but you can still back up the entire secondary VM, and that’s where the problem looks like it’s coming in)
• AGs – fixing error 19432 for duplicate log blocks
• Log shipping – add support for Transparent Data Encryption by configuring MAXTRANSFERSIZE.
• Dynamic data masking doesn’t
• SSAS crashes when Process Full follows Process Clear –“you will notice that the SSAS may crash.” .
• Memory dump when you merge partitioned temporal tables .
• Stats updates can get a “corrupted index” message and a disconnect
• Assertion error when you add a database
• Slow performance when Query Store is enabled
• Non-yielding schedulers require a reboot – not the most informative KB article ever. “Assume that you have a Microsoft SQL Server 2016 installed.” .

See KB articles for more information . Download SQL 2016 SP2 CU2 and/or SP1 CU10.

https://support.microsoft.com/en-us/help/4341569/cumulative-update-10-for-sql-server-2016-sp1

End of life for SQL 2008 and 2008 r2 is only a year away

July 14th, 2018

On July 9, 2019, Microsoft will end Extended Support, for SQL Server 2008 and 2008 R2hich means no more updates or support of any kind, potentially leaving you vulnerable to security and compliance issues.
Some considerations:
That is only a year away. So time to start planning and to get it into your 2019 budget.
What applications are affected? With what new SQL version are they compatible?
Will you need to rebuy licenses? The SQL license cost is now core based and it might prove lot higher than last time so take the time to consider all options.
Should any of your applications move to the cloud?
Should you also look at upgrades to Hardware? Windows, Office, Exchange, or Business finance/erp systems in conjunction with SQL?
Is now the time to review your security solutions?
Are you going to expand, or implement heavy new processes like consolidation, budgeting, BI in then next 2-3 years?
Is your mobile network growing?

There are major enhancements at QL 2016 sp1 so we recommend you should not consider any version lower than that. By next year SQL 2017 will also have settled down.

To discuss options callus o 0097143365589

Infor Sunsystems 6.3 ask Synergy Software Systems why its time to upgrade.

July 7th, 2018

If you have not yet upgraded to SunSystems 6.3 from Infor it is time to consider what major benefits are available for existing SunSystems clients. Infor has for many years provided ongoing support for a range of SunSystems versions. This has been great for clients to maximise their investment in the solution over extended time frames, but it can cause difficulty when assessing when and why to upgrade to the latest version. This comprehensive, updated financial management system is particularly significant because it not only delivers mnay new features and enhancements but also runs on Infor Xi, the latest and most innovative enterprise technology platform from Infor.

Let’s have a look at the various top level versions in use today:
SunSystems v4 (The current production release is v4.4)
Pros: A proven, self-contained system that operates on minimal IT infrastructure and demands little support and maintenance effort. Continues to be patched and upgraded with new features and Microsoft technology framework compliance.

Cons: Its been around a long time with an aging user interface, some operating limitations on modern technology platforms and is not integrated to the Infor Platform Xi enterprise framework.
SunSystems v5 (The final version is v5.4)
Pros: Still covered under the support framework.
Cons: This version is effectively at end-of-life from an extension point of view. There are no new patches or updates being released, it will not be kept compliant with future versions of Microsoft Windows and SQL Server and it is not possible to purchase additional user licences.

SunSystems v6 (v6.3)
Pros: Significant increase in power and scalability from the original Sun 4.
A complete re-visioning of the system :more agility, flexibility, and control for companies with complex financial management requirements, multi-company operations, multi-currency trading.
Modern user interface stemming from Infor’s in-house user experience and design team, Hook and Loop.
Cons: SunSystems itself and the broader Infor Platform Xi framework demands more computing power and hardware than v4 or v5 did.

Why upgrade now to SunSystems v6.3?
User experience and usability – the screen designs and operation are revised to enhance user experience. Think “apps” on smartphones and tablets that require little or no user training, Infor has a vision of enterprise grade software usability going the same way. Every new release take steps towards that goal using content feeds, visual triggers and graphics to help people navigate rather than menus and options.
SunSystems users can now replace their Favorites menu page with a customizable homepage—available through Infor Ming.le® or directly within SunSystems. Users can also select the graphical content that best reflects their roles and daily tasks with drag-and-drop widgets. Widgets allow users to create links to relevant SunSystems functions, reports, and records, to help speed up routine tasks and navigation

Integrated Document Management Repository – best practice financial management is underpinned by substantiating documents from many sources. The integrated document management repository lets you attach a PDF or other document to the exact transaction or reference data it relates to and to easily find and view that document again at any time. Documents can be searched and retrieved directly from within the web-based IDM application.

External web portal – this new module allows secure access to SunSystems documents to for additional stakeholders to engage electronically with the financial arm of the business. Get your suppliers to upload their own invoices and maintain their own details; let your clients access their own statements and order history, or let your employees access their expenses history. Reduce the number of queries into the finance team and the rekeying of data when external stakeholders could choose to serve themselves.

Automated master data management – for larger companies running multiple sites or business units the administration of managing common reference data between systems and entities can be centralised. Define a primary business unit for your supplier register and any moves/adds/changes/deletes applied to this primary data can be automatically applied to any nominated secondary entities.

Configuration
Infor SunSystems 6.3 consolidates all configuration settings, over 400 of these, into a single web-based console and makes complete control of all aspects within the system much easier.

Performance
Allocate memory capacity in Ledger Import caching, to speed up the process – up to 2 – 3 times faster.
For many processes system’s memory is now dynamically allocated for maximum performance. The caching limits can be set in the Configuration Manager and a task is completed, all allocated memory will be freed immediately. Similar web-enabled enhancements are extended to functions like Transfer Desk, Business Unit Administration, and SunSystems Connect portal.

Currency Rate Type
Multicurrency functionality has always been a key strength of Infor SunSystems. In the 6.3 release, users wcan create different sets of exchange rates for different purposes and have control of when and how they can use a specific rate type. Use one exchange rate that is different from the default monthly rate for a specific collection run. Use a different rate for evaluation than the rate used for day-to-day transactions. These rate types are defined at business unit level.

Withholding tax
Now a core function. SunSystems can now automatically calculate withholding taxes for payment and invoice posting directly from within the core, SunSystems application

Form management
Currently, when users want to make some changes to a form, they need to check out that form, make necessary changes, and check it in again. Sometimes, users check out forms and forget to check them back in again. With SunSystems 6.3, the check-in and check-out process is performed entirely in the background. Users only need to open the form and make amendments using Forms Designer.

For more information contact Synergy Software Systems, your SunSystems U.A.E. partner, supporting clients across MEA for over 20 years, 0097143365589

Infor Ming.le and the Xi platform from Infor partner Synergy Software Systems, Dubai

January 8th, 2018

Infor Ming.le™—the beautiful entralized platform for collaboration, business process improvement, and contextual analytics. Use with Sunsystems ask Synergy Software Systems an implementation partner of Sunsystems for 20 years.

See the new features of Infor Ming.le™ 12 to improve business processes using the new Xi platform.

VAT key steps – Synergy Software Systems, Dubai.

January 8th, 2018

- Maintain regular accounting books and records

Account maintenance is now mandatory under UAE VAT Law and it facilitates the correct receipt and payment of cash and other transactions entered by a company. Audited accounts will be needed so don’t wait till year end to find an auditor that suits your business.

2- Make changes to the core processes and accounting departments

It is important to change your core processes and adapt your accounting departments to achieve tax compliance. For SMEs, with limited transactions, the task is easier as the transition is less likely to require significant systematic change or they might use an external bookkeeper or tax agent.

3- Train staff, especially financial management

Employees need proper insight around GCC-wide initiatives to implement VAT across the region and how companies should prepare. Help them de-mystify VAT by providing on the job training and a framework to raise and clarify queries. Avoid disputes with trading partners and ensure staff have the relevant information and training to resolve issues that arise.

4- Review your contracts and the contracts and conditions agreed with dealers

Many businesses negotiated contracts at a time VAT was not payable but running across the implementation dates. It is time to now bring contracts into step with the UAE’s economic context.

- Consider accounting software for bookkeeping

Electronic reporting systems are increasingly being used by tax authorities. The ability to produce the required audit file details on demand will be difficult without a system. Companies that use electronic invoicing are likely to improve the timing of VAT recovery on costs.

6- Adhere to VAT deadlines

Register your company to avoid a fine as severe as AED 20,000. The Federal Tax Authority (FTA) has already been extend the deadline to the 1st January and if you don’t complete VAT registrations you will also have to stop sales till you get your tax registration certificate (TRC).

Note initial returns are due 28 January 2018 so time is running out.

7- Study UAE tax legislation

The implementation of taxes in the UAE came with a whole new set of procedures. we recommend to study and get familiar with the different laws in place including the UAE VAT Law and to discuss with your auditor, tax agent and software provider.

8- Keep an eye out for new information

There have been a slew of clarifications in the last month and some details are still not finalised e.g. with regard to free zones, or which companies will report monthly and which quarterly.

SQL version – when should you upgrade – ask your Dynamics U.A.E. Partner, Synergy Software Systems

December 23rd, 2017

SQL Server for many years on a two-year release cycle. SQL Server 2017 arrived less than 18 months after SQL Server 2016 became available.

Since 2005 each release of SQL Server brings exciting new features and improvements to existing capabilities. Many organizations are running instances that are several versions of SQL Server behind.

To keep up with the latest SQL Server versions is a challenge, but risks losing mainstream support and missing out on beneficial features. Often database administrators must support multiple versions at once, and consultants face an even greater range of versions across their customers.

Microsoft has not committed to any specific release cadence for ersions of SQL Server. Many clients it seems are still running SQL Server 2008 R2. One reason why companies are hesitant to make the move off 2008 R2 is because of the change to per core licensing. The effort to test and to upgrade is discouraging, but it is best to do this on a planned basis than a reaction to a crisis..

It was a painful experience to upgrade from SQL Server 2000, but the compatibility gap between versions is much narrower once past 2005. To make upgrading easier, provides a tool called The Upgrade Advisor for each new version that will spot issues and provide a chance to resolve them before starting the upgrade process. Virtualization also makes setting up testing environments much simpler and quicker.

With each new version there are enhancements to T-SQL, improved availability and disaster recovery functionality, more security options, and additional ways to get better performance. 2016 service pack 1, was a game change – many previously Enterprise only features were ported down to more affordable editions.

Another consideration is support. It doesn’t take long to reach the end of mainstream support. SQL Server 2008 R2, for example, has been out of mainstream support since 2014. While it’s still in extended support, which will ensure security hotfixes, other support features are available only on a paid basis.

When you look at erp upgrades it makes sense to also review your SQL upgrade plans.

G.C.C VAT transitional arrangements

December 17th, 2017

A​bout ​two​ ​weeks​ ​ago,​ ​H.E.​ ​Khaled​ ​Al​ ​Bustani,​ ​Director​ ​General​ ​of​ ​the​ ​Federal​ ​Tax​ ​Authority
(“FTA”),​ ​announced​ ​on​ ​the​ ​radio​ ​that​ ​the​ ​UAE​ ​will​ ​treat​ ​movements​ ​of​ ​goods​ ​between​ ​UAE​ ​and​ ​the
Kingdom​ ​of​ ​Saudi​ ​Arabia​ ​(“KSA”)​ ​as​ ​“Non-GCC”​ ​Exports​ ​(ie.​ ​when​ ​goods​ ​are​ ​shipped​ ​from​ ​the​ ​UAE​ ​to
KSA)​ ​and​ ​“non-GCC”​ ​Imports​ ​(i.e.​ ​when​ ​goods​ ​are​ ​shipped​ ​to​ ​the​ ​UAE​ ​from​ ​KSA).​ ​

This​ ​means that a ​transitional​ ​period​ ​will apply until​ ​an​ ​Electronic​ ​Service​ ​System​ ​is​ ​introduced​ ​and​ ​both
UAE​ ​and​ ​KSA​ ​consider​ ​each​ ​other​ ​as​ ​“VAT​ ​Implementing​ ​States”. It seems likely that will be both when the full G.C.C has introduced VAT and the electronic reporting system is established across the region.