In layman term, Cloud computing is nothing but just a bigger Wide Area Network that allows user to access data and software program (application) over the web. There are many Cloud accounting solutions available in the market. QuickBooks Online, Xero, My Business Online, and MoneyWorksNow! are some of the cloud solution available. What are the […]

Software: QuickBooks accounting software Sales of fixed assets such as computers, machineries, vehicles or properties are common in businesses. Example: if a Fixed Asset cost was $100,000.00 with an Accumulated Depreciation value of $60,000.00 and you sold it at $75,000.00; how should you enter this into QuickBooks? Cost of fixed asset and accumulated depreciation accounts […]

Software: QuickBooks 2011 (Canadian edition) Click here for Setting up GST in QuickBooks Australian version GST setup consists of four different parts; they are Tax Account, Tax Agent, Tax Item and Tax Code. First, you need to setup the Tax Account. To simplify the process, you can consider setting up one single Tax account – […]

Software: QuickBooks Canadian version   Lately Intuit had introduced QuickBooks Canadian version 2011 in Singapore, many of the users who came for the demo were asking about the differences between QuickBooks Asia’s and QuickBooks Canadian’s GST reporting. To view your GST report, you can go to Sales Tax menu and select Manage Sales Tax feature.  […]

Software: QuickBooks 2007/08 Frequently, I had user asking me about having “Unexpected Error” when they launched QuickBooks 2007/08 Asia version. This error was caused by the security setting in the IE (Microsoft Internet Explorer) was too high. To resolve it, simply launch your IE, go to the Tools menu and select Internet Options. In the […]

In QuickBooks Asia version, it does provide a Fixed Assets Item list for user to keep track of the Fixed Assets purchased. Personally, I do not like to use this Fixed Assets list provided by QuickBooks. I found that there is something crucial missing out from the Fixed Assets Profile – Depreciation information. Most of […]