VAT Return
How to do a Direct VAT Posting in SFM
SFM let's you insert an entry directly in the VAT Control Account. There are 2 different methods to do so. The Nominal Method Nominal Process - Go on Current Year > Nominal > Vat Table. - Click on Posting Button (Green button on Sidebar). - Here you ...How do I create a new VAT code?
Does the system warn you if a VAT return is missed?
Yes, on entering the VAT table screen, the system will display an information alert (shown below) if 38 days have passed from the last processed VAT return. N.B. Please note that this is just an information alert and that the system will not stop the ...How do I Re-Print a Closed VAT return?
SFM provides an option to re-print VAT reports for proceed VAT returns whenever required. When you run a VAT return on SFM, the system allocates a unique return number and archives all the transactions linked to this return number so all the ...How to Process a VAT Return
Accessing the VAT Table The option to run a VAT return is available from Current Year Menu > Nominal > VAT Table, or from the VAT Shortcut Button. If the VAT Return date is within your previous financial year, please run the return from Previous Year ...How to Extract the VAT Recapitulative File from SFM
As from 1 January 2010, the rules for Recapitulative Statements in the VAT Act (Chapter 406 of the Laws of Malta) came into effect. SFM fully supports this new requirement and you can export the file directly from SFM ready to be imported on the ...Deposits Unallocated payments on account in the SFM VAT reports
Can I get the current amount of deposits/unallocated payments on accounts in SFM VAT reports? Answer: From version 2.0.10.24 of SFM, you have the option to include the unallocated payments in the VAT report. The option to run a VAT Unallocated ...Cannot archive VAT Return due to unprocessed transactions in SFM gateway
Problem Archiving VAT return and not allowing user due to unprocessed transactions in SFM gateway. The SFM Gateway has transactions that are pending import. Environment SFM Gateway in SFM. Solution Open SFM. Go to Current Year > Utilities > Import ...Cannot archive VAT Return due to unprocessed transactions in POS gateway
Problem Archiving Vat return and not allowing user due to unprocessed transactions in POS gateway. The POS Gateway has transactions that are not in SIMS, probably created in POS. Environment POS Gateway in SIMS Solution Open SIMS. Go to Main > ...
Recent Articles
How to Delete a user on SIMS
Note: We do not recommend deleting a user from SFM for audit and compliance purposes. Example: If you have a user with the initials JD (John Doe), and that user has previously submitted entries as shown below, deleting the user will remove the ...How to Delete a User on SFM
Note: We do not recommend deleting a user from SFM for audit and compliance purposes. Example: If you have a user with the initials JD (John Doe), and that user has previously submitted entries as shown below, deleting the user will remove the ...How to Manage Barcodes in SIMS
How to Manage Barcodes in SIMS SIMS provides a straightforward way to manage barcodes through its Support > Barcodes section. Here’s a quick guide: Export Barcodes to Excel Navigate to Support > Barcodes. Right-click the blue rectangular button and ...How to print a Remittance Advice
How to print out a Remittance Advice from SFM: Supplier > Print button > Remittance Advice Select the Reference number* of the selected Range of Payments to print out the Remittance. *Import - Fixed Assets
The Shireburn Financial Manager (SFM) provides facilities to allow the importing of accounting data from third-party applications and/or your own work sheets into SFM. The options include the import of the Fixed Assets. Attached are the template and ...
Popular Articles
How do I process an End Of Year in SFM?
Overview SFM allows posting into two financial years simultaneously. This means that users do not need to finalise 2025 before starting to post entries into 2026. The end of year procedure will move the “Current Year” data into the "Previous Year". ...Do I need to Process an End-of-Year in SIMS?
SIMS does not require an end of year procedures to be run. However, SIMS controls users to only allow posting of transactions, such as sales invoices, cash sales, adjustments and purchases, within a range of dates referred to as the Posting Period. ...How to setup a System Control Account in SFM? (Bank Account, Cash Account, Stock Control, etc...)
Create the Account in your Chart of Accounts as seen below. Please make sure you use the code depending on your Heading and Sub-Heading digits. After creating the account, you need to specify the account as a System Control Account. Go to Support > ...How to reset your Shireburn remote desktop service (RDS) account password
The password for the Shireburn RDS Account used to connect to RDS server is set to expire after 90 days. A notification is provided to the user daily starting 5 days prior to the expiry date. In order to change password, the following steps need to ...SIMS - User Manual
The attached PDF includes the necessary functions and features of SIMS to get you started. SIMS User Manual.pdf