Saasu believes strongly in supporting globally critical commerce hubs like Singapore with commerce grade online accounting software solutions to reduce accounting workflow and infrastructure costs.

We have released extended coverage for Singapore tax zone. Saasu has many international businesses with Singapore offices as well as our local Singapore businesses. Accordingly we are proud to extend the current Beta Release features a little further toward a commercial Singapore release in the future.

Release Features

• GST Tax Codes.
• Tax Invoice requirements as per Inland Revenue Authority of Singapore under Reg.11 of GST (General) Regulation. See the tax invoice document requirements we support.
• Self Billing Tax Invoices feature.

GST rates

• GST0 Zero rate 0%
• GST7 Standard rate 7%
• GSTE Exempt

See the detailed help note on Singapore tax. If you have additional requirements for the Singapore tax zone please let us know.

Photo by Henryleonghw

The Saasu API (Application Programming Interface) now provides you with the ability to process Inventory Adjustments and Inventory Transfers. The API allows you to Create, Read, Update and Delete these types of transactions (API Tasks).

Inventory Adjustments can be used to modify the value and/or quantity of stock in your business. Some common examples include the need to re-value stock and write-off damaged, lost or stolen goods.

Inventory Transfers are used to transfer items when building, bundling or assembling products and services. That is, reducing the quantity of component items used and increasing the quantity of combo items built and available for sale.

Note that you can also use this feature to disassemble (un-build, un-bundle) goods back into their components if required.

For full details on how to use these new features see our API help area

Picture by nutmeg

We have added an extra feature into the inventory module to support point of sale (POS), eBay traders and importers/exporters who rely heavily on Buy/Sell price management.

To add a default Buying Price go to Items > Items am then the edit icon to open the item in edit mode. You can then enter a default Buy Price into the available field in the buy section of the screen.

In the buying details area for an inventory item you can now:

• Set a default Buying Price.
• Set whether the Buy Price is inclusive or exclusive of tax.
• Allow Saasu to load the last Purchase Price from your most recent Purchase of that Item if you haven’t entered a default Buying Price.
• The Buying Price for an Item is supported in both export and import formats of your Inventory items list. Go to View > Import or Export > Import other Data Inventory items.

We released two new Payroll Reports last night into Saasu online accounting. Many votes came in and pushed this up to a "must do". So this is a Direct Democracy release. You voted, so we built it.

We don’t always plan releases like this as we expect some ideas that we think up or that customers suggest to us fall into the realm of innovation. If put to the vote strange innovative ideas might never leave the cutting room floor. Apple created a strange innovation that customers didn’t ask for back in the 90’s when they invented the iPod click wheel. It ended up being industry changing. So in summary we have three forces influencing our development pipeline. Government/industry compliance, Innovation and Votes.

Pay Item Detail Spreadsheet

You can know run a spreadsheet report that details and totals the amounts against each Pay Item for a chosen period of time. You can run this for all employees or a single employee. Go to More Lists > Payroll > Export to spreadsheet option above the list of payroll transactions. This will save a spreadsheet (CSV/XLS) file to your desktop.

This is a report designed to be used by customers who have a wider use of Pay Items other than just the basic Base Salary, Tax and Super/Pension type Pay Items. This will appeal to companies using Group Payroll or managing several Super/Pension fund payments. You can also access this report from the Group Pay area after processing your draft pay run. It’s also useful where a business has created their own custom Pay Items for their specific Zone or business needs.

Employee Details Report

The second report we released is an an Employee Details report which gives our customers the ability to get all employee setup data out into one report for checking, signoff and compliance needs. Go to Reports > Payroll > Employee Detail to run the report.

We recently merged the Bank Accounts area into the general Accounts area.

Go to View > Accounts to add and edit types. You can now see your balances in this Accounts list screen. GLOBAL multi-currency customers will also notice we indicate the Account currency.

When you add an account you have the opportunity to specify whether it is a Bank Account. Bank Accounts tend to be transactional accounts that may include loans, petty cash, trading accounts, directors loans and others. We will begin to refer to these as different names in the future depending on the use. For a simple transition, this is the first step towards that direction.

Saasu GLOBAL went live at 7:00pm June30 Sydney EST.

Turn it on, try it out for free. Sign in to Saasu and go to the file that you want to have multi-currency enabled for. Then goto Settings > Multi-currency and tick the turn on multi-currency for my file option. Repeat this for each file you would like to have this feature.

Soon Saasu will let you have different files in the same Subscription. You will be able to add free files for those pesky little entities that don’t do many transactions but still need to be accounted for. You will be able to have FREE, PRO, GLOBAL and CORPORATE files all in the same subscription.

Get it permanently

If you want to keep using this feature in coming weeks you will be asked to upgrade to our new plan called GLOBAL. Saasu is offering GLOBAL at what we refer to as Extreme Value. This is where we aim to offer our products and services at half the price of other products with similar features in the market. For more details about Saasu plans see our updated pricing page.

What can you do with Saasu Global?

• Run and operate foreign currency Accounts.
• Create Sales and Purchases in a foreign currency.
• Apply payments in foreign and local currency.
• Automatically source Foreign Exchange (FX) rates daily.
• Foreign currency Payables and Receivables.
• Foreign currency Gain and Loss Accounting.

Saasu Global uses a design and engineering approach we call "full display mode". Full display mode is when we display all information rather than hiding something from our customer in a hover, click, pop-up or dialog box. Sometimes things need to be hidden because the noise and complexity created by not hiding it exceeds the speed of access and information availability benefits.

Full display mode is great for accessibility and in general for facilitating an aspect of the speeding up the web movement.

The new foreign exchange (FX) currency converter in Saasu that we have built (shown below) uses this approach. You can see FX rates in both directions in transactions, enter rates yourself in either direction or load a feed rate from a feed source. In this case xe.com.

We hope you like it.

Tick to automatically get the xe.com FX rate to load

Otherwise manually type the FX rate