Wishes all a happy holiday!  

MoneyWorks accounting software version 7.1.7 update is now available. Please view the change history here.      

Software: QBO (QuickBooks Online) Singapore Some users have complained that the SGD Net amount in the invoice print out has somehow changed to a negative value instead of the positive value which suppose to be the same as the SubTotal. There is no workaround, but you may temporarily disable the GST Summary from the preferences […]

Software: QBO (QuickBooks Online) Singapore When switch from QuickBooks desktop to QuickBooks Online (QBO), you may prefer to keep the same invoice running number in the QBO as the QuickBooks desktop accounting software. QBO has locked the running number by default to prevent user from editing it, this measure is to prevent duplicate running number […]

Software: QuickBooks Desktop accounting software You set the default tax code as 7% Standard Rated in the item profile and Non tax code in the Customer profile. When creating invoice to the customer, QuickBooks uses the Non tax code instead of the 7% standard rated code set in the item profile is because you have […]

Software: MoneyWorks accounting software Which exchange rate should I be using? Daily exchange rate or monthly exchange rate? From the IRAS e-tax Guide “GST: Exchange Rates for GST Purpose”, which was published on 30 September 2013, stated that: … The exchange rate must be the daily exchange rate corresponding to the time of supply. If […]