Software: Intuit #QuickBooks #accounting software There are differences between the Reckon Accounts (formerly known as Reckon QuickBooks) and the Intuit QuickBooks’ (Desktop version) Tax Detail Report (GST Detail Report). As mentioned in my earlier post, Tax Agency Detail Report breaks into 4 sections; Sales, Purchase, Tax on Sales, and Tax on Purchases. Under the Sales […]

Software: Intuit #QuickBooks accounting software Stocktaking is an important task during the financial year end closing, you have to ensure the stock on hand value is correctly stated on the account. Should there be any discrepancy between the physical stocktake and the quantity or value stated in the QuickBooks accounting software, an adjustment to the […]

Software: Intuit QuickBooks accounting software QuickBooks allows you to consolidate multiple Sales Orders into one Invoice. Sales Order is used to track the orders from customers, backorders, and some users may also have used the Sales Order to track the consignment goods to customers. When the customer name is being picked up in the invoice, […]

Software: QuickBooks accounting software You have invoiced both Customer A and Customer B on 25th February, but the Ageing Report shows the Customer A’s outstanding is in the “1-30” days ageing cycle whereas the Customer B’s outstanding is in the “Current” ageing cycle. The payment terms set in the customer profile affects the due date […]

Software: Intuit QuickBooks accounting software The “Invoice To” field in the QuickBooks sales invoice can take up to five lines, which has a maximum of 41 characters per line. The “Invoice To” field is made up of a Company Name field (first line) and 4 Addresses line. If the contact person is needed, you may […]

Software: Intuit QuickBooks accounting software Although, the foreign currency invoice does show a base currency equivalent amount and an exchange rate used in the invoice, these fields are not available for print. Since the User defined fields in the template are limited, you may consider adding the base currency equivalent amount at the description area […]