UBS

UBS Accounting is the first step to a computerised business. With more than 180,000 installations in Malaysia alone, we are now a household brand among Small Medium Businesses (SMBs). Many institutions of higher learning prefer UBS Accounting as part of their course as it is simple to use and has comprehensive reports. Many features are available in UBS Accounting to enable companies to handle their work easier and faster. It has multiple language capabilities that consist of English, Bahasa Malaysia, Chinese and Thai language. Its modules include General Ledger, Accounts Receivable and Accounts Payable and are able to operate accounting entries up to 18 months of accounting period. UBS Accounting is suitable for most companies and businesses such as:-

 Binded together with UBS Accounting is the UBS Fixed Assets Register Software. UBS Assets Register provides you with the tool to optimize your asset utilization. It helps track, monitor and manage all your assets and reduce your asset maintenance cost.

 Trading Companies 

 Contractors 
 Non-Profit Organizations 
 Training Institutions 
 Retailers 
 Restaurants 
 Wholesales 
 Accounting Firms 
 Manufacturing Companies 
 Co-operative Society

Features

 

For UBS Account
Auto Posting
Multiple currency function
Provide different levels of data access security
Flexibility in modifying any transaction
Capable of handling transactions up to 18 months
Ability to record advance and post-dated cheques
Omitted entries from the previous month could be inserted effortlessly
Able to compute sales commission to agent
Goods & Services Tax (GST) computation function
Able to generate audit trail reports
Unrealised Gain/Loss computation
Monthly profit/Loss and Balance Sheet report
Consolidated Account
Instant Financial Reports
Project account
A software that is able to aid the management of Assets in an organization
Multiple company function
 

For UBS Fixed Asset Register
Various depreciation methods apply
Flexible asset life or rate computation
Effortless to computation on gain/loss of Fixed Assets
Assets detail listing
Supplier’s, employee’s, department and custodian details listing
Historical assets listing
Depreciation schedule can be in monthly or yearly
Multi payment code
Auto calculate gain/loss of disposal value
Assets can be transferred by location, department, project and etc
Easy way of assets duplication or revaluation
Security Maintenance
Multi currency maintenance
Insurance maintenance
Integrated with UBS Accounting System

 REPORTS

All UBS Accounting, reports are pre define. However, most of the reports can be modified to suit your requirements. Exporting to Microsoft Excel has been included for Financial Reporting. Some standard reports are:
General ledger Listing
Trial balance
Trading, Profit & Loss Account
Balance Sheet
Fixed Assets Depreciation Report
Manufacturing Account
Trading, Profit & Loss Account for individual project
Cash Flow
Budget & Variance Reports
Gain/Loss on disposal of Fixed Assets
Bank Reconciliation
Debtors & Creditors Statements
Debtors & Creditors Listing and Labels
Debtors & Creditors Aging Report
Receipts printing
Payment Vouchers printing and management reports
Assets listing report
Depreciation summary by assets
Report wizard
Assets movement summary report
Fixed assets disposal report
Asset addition report
Revaluation report Historical listing report

Does Sage products have an annual maintenance requirement? Why?

Yes. Sage has an annual maintenance program called Sage Cover. 1. Why is there a need for maintenance?

Software is built around technology and also legislative requirements. As these requirements change over time, we as a supplier of the software need to make continuous investments to ensure that the products are up-to-date. This maintenance amount is invested to ensure that there is continuous improvements to the product, thus pro-longing the useful life of your initial investment and to also adhere to local legislative requirements and technology upgrades.

2. Do you charge me when I first buy a product from Sage?

The first year of the maintenance is provided complimentary by Sage. Therefore, in the 1st 12 months from your purchase, you will continuously receive necessary updates to your product that will either fix issues and/or improve current features. There will also be new features that will be provided from 2 perspectives, new features that will enhance your use of the product or legislative changes that are mandatory to be applied, such as payroll changes after every year’s budget.

3. Why not just charge everything into the price in the beginning?

We would prefer to provide the option to the customer. Sage contributes by providing the 1st year maintenance complimentary with any new purchase or upgrade, and that takes a business 12 months further. After that we would like to provide the option to the customer to choose if they would like to continue the Sage Cover.

4. My software will continue working even without a valid cover right?

The software will definitely continue working. The only downside is that it will not receive anymore updates. This may not be a major issue if there are no changes required, however with the implementation of GST and with payroll, there will be expected changes annually to fit the national budgets or to adjust to changing conditions of the world economy. The experience that we have seen all over the world is not an exception to Malaysia as we seek to continuously adjust and be a competitive nation. This will result in continuous legislative changes that will require updates to be compliant.

5. Why is Sage the product with a maintenance but not others?

Based on our knowledge, most other international products do, as they understand the need for investment and a long-term assurance for the customer. As for other vendors, whether local or international that do not charge a maintenance thence it is likely a business model decision either short-term or long-term made by them. Whilst it is still relatively new to have a maintenance model in Malaysia, it is proven everywhere else in the world. Today Sage has tens of thousands of users on Sage Cover, some for over 5 years and the benefit for them, FREE upgrade to GST compliant products.

What happens then to investments if there is no maintenance, what would be the viability of that product or vendor then?

  • Would you believe in a car that does not require maintenance?
  • Would you believe in a condominium or apartment that does not require maintenance?

What would be the outcome of the car and the apartment over-time? We leave that up to your imagination. We are all in the area of business and we are assured that our users are smart consumers to evaluate themselves the viability and necessity of maintenance or just taken for a ride. Caveat emptor.