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 […]

Software: Intuit QuickBooks accounting software GST Output is a liability not an income. Hence, you can’t show a Profit and Loss report with the GST amount being added to the Income account. However, you can print a Daily Sales Summary report with a Net, Tax, and Gross amount of each invoice. From the Daily Sales […]

Software: QuickBooks accounting software Assume your GST cycle is quarterly, ends in March, June, September, and December. You have issued an advance payment of $10,000 before the 7% GST to a supplier in the month of October 2015 via a Write Cheque transaction. If the advance payment received forms part payment of the supply, GST […]

Software: QuickBooks Online (QBO) Unlike QuickBooks Desktop, QuickBooks Online does not have a traditional menu bar. It does not have an Edit menu where you can find the Preferences, it doesn’t have a Lists menu where you can locate the Chart of Accounts list or items list. QuickBooks Online (QBO) has simplified the interface by […]