Phobos ransomware alert!
Yesterday, one of our CSA users has experienced the attack by the new phobos ransomware. Almost all files in the file server as well as local stations are being encrypted.
The thief demands payment of 20 million dollars in order to unlock the files. If you have not experienced this attack yet, please do the following to protect yourself:
- Make an offline backup of all of your important data, including CSA and accounting data.
- Ask your staff not to open any unknown mail.
- Be careful if you are using VPN for remote access. This may be one way to get into your system.
- Buy 3 external hard disks and rotate them daily for backup. Only one is attached to the system at anytime.
Don’t trust the Symantec antivirus software or similar ones because they are not always up-to-date. Expect the worst and hope for the best.
File Upload Compression
In order to reduce the file size of the file upload, we have added the file compression feature in File Upload. The system would automatically compressed the file into a zip file and add a password protect before uploading.
This will save about 90% of the file space for Excel and Word files and faster speed in uploading and downloading files from the Internet.
New AR Report
During the last two weeks, we have completely revised the Accounts Receivable Aging Report by taking care of the negative balances that may be the result of the Credit Note, One Payment for Several Invoices, Overpayment but put in the wrong place as well as the manual journal entries that affect the client AR without giving it the proper invoice number for reference.
Thanks to Fung Yu CPA’s assistance in finding those discrepancies that may not be found in the normal course of business transactions. We will update your system with the new AR Aging Report once we get every verification done.
Quotation and A/P
Quotation:
We are going to work on the Quotation Function and to rewrite the Prospective Customer as requested by many users. The way to work is simple.
We will use the present Customer, Job and Billing as the base and classify them as “Prospective” in nature.
Once they are confirmed, then we will revert them back to actual.
A/P:
At present, we are studying to put the Accounts Payable in the system.
This is important for company secretarial firms because they do have the cost for the purchase of the “company box” from their authorized agents.
However, we need to tie that to Settlement first. That means no money will be released to suppliers without the confirmed settlement of accounts.
試做一天美國人，用c123來模擬投票！
新聞稿：
美國中期選舉如何影響美中關係的未來？
試做一天美國人，試用c123 應用程式來模擬投票！
香港 – 2018年10月31日新聞稿：
美國中期選舉如何影響美中關係的未來？
現狀
眾議院（435個席位）：任期2年
- 民主黨人193席
- 共和黨人235席
- 空缺7席
所有席位都可供選舉
參議院（100個席位）任期6年
- 民主黨人47席
- 共和黨人51席
- 獨立人士2席
35個席位可供選舉
模擬分析
如果民主黨同時贏得了眾議院和參議院
- 代表了過去兩年特朗普的政策完全不受歡迎。
- 特朗普連任的機會將會減低。
- 特朗普在貿易爭端中對中國施加的壓力將會減輕。
- 范士丹 (Dianne Feinstein) 將成為參議院內反特朗普勢力的領導者。
如果民主黨贏得了眾議院，但失去了參議院
- 代表了特朗普外交政策獲得認許，但他在國內的措施依然備受爭議。
- 這可能不會影響特朗普重新當選的機會，但仍要面對不少困難。
- 特朗普在貿易爭端中將繼續對中國施以壓力，但不會加大力道。
- 計劃中的個人稅制改革將較預期溫和。
如果民主黨同時失去眾議院和參議院的議席
- 代表了特朗普的國內、外政策獲得全面的認許。
- 特朗普將毫無疑問地成功連任。
- 特朗普將會加強向中國施加各方面 (包括軍事衝突在內) 的壓力。
- 美國的個人稅制將會在本任期或第二任期内發生重大變化。
模擬預測
- 共和黨人將同時贏得眾議院和參議院。
- 加劇國內自由派和保守派之間的衝突。
- 特朗普將逐步拉攏俄羅斯以抗衡中國，這是一種 “分而治之” 逐個擊破的戰略。
試做一天美國人，快下載試用c123應用程式來模擬開會投票，把握機會，考考你的眼光及表達你的意見
- 從Google Play或Apple Store下載c123移動應用程式。
- 以您的電郵地址加密碼註冊，或只使用 “僅查看” 來了解。
- 參閱加州競選材料並模擬美國公民一樣地投票。
- 在討論聊天室發表你的意見。
想知得更多c123應用程式如何令所有會議都更有效率及更方便：
徐助雄 Harry Tsui
Director, P & L Software
25213110
htsui@plsoft.com
有關產品的更多信息：
網站：www.plsoft.com（計盈軟件)
October 31, 2018
Press Release:
How does the mid-term election affect the future of the US-China relationship?
Try one day as an American, c123 to Vote!
Hong Kong — The November 6, 2018 Press Release:
How does the mid-term election affect the future of the US-China relationship?
Present Situation
The House of Representatives (435 Seats): 2 years term Democrats 193
Republicans 235
Vacant 7
All seats are up for election
The Senate (100 Seats) with 6 years term Democrats 47
Republicans 51
Independents 2
35 seats are up for election
Analysis
Democrats win both the House and the Senate
- It represents the complete refusal of Trump’s policies for the past 2 years.
- It will reduce Trump’s chance for a second term in office.
- Trump will release the pressure on China on trade dispute.
- Dianne Feinstein will be the leader in the Senate against Trump.
Democrats wins the House but loss the Senate
- It represents the approval of Trump’s foreign policies but not his domestic actions.
- It may not affect Trump’s chance for re-election but still difficult.
- Trump will keep on the pressure on China on trade dispute but not to increase it.
- The planning tax reform for individuals will be more modest.
Democrats loss the House and the Senate
- It represents the complete approval of Trump’s foreign and domestic policies.
- There is no question for Trump’s second term success.
- Trump will increase the pressure on China on all fronts, trade and military conflicts.
- A big change to the US individual tax system, either in this term or the second term.
Prediction
- The Republicans will win both the House and the Senate.
- Increase domestic violence between liberals and conservatives.
- Trump will move closer to Russia against China.as a “divide and control” strategy.
Try one day as an American, download c123 App to Vote
- Download c123 mobile app from Google Play or Apple Store.
- Register with your Email Address and your Password or just use “View Only”
- Read the California Campaign Materials and to vote like a US citizen.
- Voice your opinion on Discuss chat room.
For more information:
Harry Tsui, contributing writer for Hong Kong Economic Journal 1992 – 1998
25213110
htsui@plsoft.com
For more information on Product:
Website: www.plsoft.com (Corporate)
P & L Software Publishing Limited
Adding Retail with Inventory?
Mr. Henry Wang of Global Incorporation Limited 环球致优 with offices in Hong Kong, Beijing, Shanghai and Shenzhen has proposed to add the retail with inventory function in CPAnywhere.
The problem with this proposal is that the initial target users are for professional firms.
All billing for inventory items would usually be classified in either Miscellaneous Charges or Reimbursable Items. Almost all accounting systems in the market are retail based. CPAnywhere is unique because the system is geared mainly to professional firms.
However, that doesn’t stop us from putting this Retail with Inventory module in CPAnywhere. I have been thinking about this proposal everyday in order to find the solution to the problem.
If you have any suggestion to this dilemma please let us know.
Reviewed by a Legal Counsel and a Barrister specialized in SFC and SEHK laws
As the user of the MCSA meeting software and Company123 mobile app, Mr. Adex Tsui (徐文耀大律師), a Barrister with over 20 years of practice experience in stock exchange and SFC regulations and the Senior Legal Counsel of First Shanghai Securities Limited, a Hong Kong listed company, wrote his comments.
We will include all of his suggestions to make the system in full compliance to the rules and regulations of the Companies Ordinance, SFC and SEHK’s requirements.
“Some observations and suggestions for your consideration
- Add the weekday on the time i.e. Monday Tuesday.
- Add the countdown, no. of days or time left before the meeting begins. Mark the status of the meeting, such as “to be opened”, “closed”, “cancelled” or “postponed”
- Before open, whether participant was able to suggest some agenda etc
- Add the timer when the meeting starts and limit the time of discussion section or voting section
- Add the no. of participants (online vs in person) and name if necessary for those who are on line to know
- Add the declaration of interest for directors to declare either in default on declaration of interest or ask them to select. For conflict of interest, either to let them to report if there is any declaration of interest which is in conflict or not. For abstain voting, either to select whether the vote should be abstained or default inability to vote in case of conflict
- Different types of meeting may have different colors
Thank you Adex for your time in reviewing the system.
C123 iOS App approved
We just got the approval from Apple for the C123 Mobile App. This is super fast!
For MCSA+ users, please ask your meeting participants to download the C123 app from Apple Store and start the online meeting, election or survey functions.
Mass invoice input
We are adding the batch invoice input using Excel file. This is useful for those invoices and settlement items not generated through CPAnywhere.
The system will generate the A/R and the corresponding journal entries for bookkeeping purpose only.
Response to the complaints voiced from listed companies
We have received many complaints from listed companies about their inability to register for the seminars.
When we first market the MCSA, the target audience were CPA firms. However, it turns out that listed companies, homeowners’ associations, private companies are equally interested in the app.
The sole purpose of the software is to allow members, directors, shareholders, voting members or homeowners to exercise their rights to vote anywhere using their mobile phone and they can see the detail voting record.
Seminar just for listed companies
The previous 4 seminars (full) are geared to professional firms who organize meeting for their clients. We are adding 2 more seminars just for listed or private companies.
This one is concentrated on practical aspects of how to set up agendas, voting, participants, final minute with signatories and see the result immediately on their mobile app.
Extend the free use period
Because of the overwhelming response on the interest of MCSA, we have decided to extend the free use period to January 31, 2019. That includes free MCSA program, free customization of minutes and notices, free private label, free training and support, free program upgrades.
We want to make sure that you don’t pay a dollar during the free use period. Hopefully, you can go through at least one board meeting and one members’ meeting.
Lesson learned
When we present the mobile app to homeowners’ associations, they were overjoyed.
This gives them the power to vote and to attend meeting without being there or be controlled by a few persons. The management companies are also very supportive of the idea because of the ease of use of the MCSA to create meeting. Everyone wins!
Seminar “Setting up board meeting, sub-committee, and AGM using MCSA”
We will concentrate on user experience as follow:
- Join (how easy to join the meeting)
- Read (how easy to read the minutes)
- Discuss (how easy to read other comments and to discuss)
- Vote (how easy to cast the vote and be confident of it)
- Final (how easy to obtain the final result of the meeting)
Other things don’t matter unless your directors or shareholders are satisfied with the experience!