Software: MoneyWorks accounting software How it works? Assume that as of 31 May you had set the exchange rate for 1SGD to 0.8000USD (using the month end exchange rate). You recorded a USD bill (Purchase Invoice) as of 12 June for the amount of USD10,000, the base currency equivalent amount will be SGD12,500 (10,000/0.8000). The double […]

Software: Intuit QuickBooks accounting software Softcookies (https://softcookies.com) I was told by Sandy Morgan, owner of Almost Anything LLC, that you can use Softcookies to integrate your eCommerce Platform with QuickBooks. I haven’t had a chance to test it out, but if you are looking for an eCommerce integration solution with QuickBooks, you may consider trying […]

Software: Intuit QuickBooks Online, Singapore QuickBooks Online does not permanently “lock” up the transactions, it allows the authorized user to amend the transaction when a genuine mistake was made. To prevent unauthorized modification, QuickBooks Online has a “Closing the Books” protection feature, which administrator can set a closing date and a password, to prevent unauthorized […]

Software: Intuit QuickBooks accounting software Although QuickBooks allows user to make changes after the transaction has been saved, there is an Audit Trail report, which track all the changes made in the transaction. The Audit Trail report is under the Accountant and Taxes section of the Report menu. Audit Trail report will show the prior […]