When printing a product analysis report from the MoneyWorks accounting software, it does not include the discount on the product itself since it applied at the transaction level instead of the product level.

The objective of reconciliation is to match the transaction and balances between the ledger in QuickBooks Online (QBO) and the bank statement and pick up data entry errors.

MoneyWorks uses the reverse sales invoice (negative invoice) method to record a credit note. It converts the sales invoice into a credit note by clicking on the reverse button on the sales invoice transaction.

The overseas supplier, who are not GST registered trader, will not have the GST charges on the invoice. The Customs (or the forwarder may pay on your half) will impose the GST on the imported goods when goods arrived in Singapore.

Online Delivery is a term used by QuickBooks Online to deliver an HTML formatted invoice via email. It tracks the progress from the moment the customer opens up the email to making payment.

It does not delete when you cancel a transaction; instead, it creates a reverse entry to correct it and forms an audit trail for the accountant.