Software: Intuit QuickBooks accounting software You received a foreign currency bill for the amount of USD10,000.00. Since you did not turn on the multiple currency feature, you record the bill in SGD. Assuming you decided to use the exchange rate of 1USD to 1.3000SGD, the SGD amount booked will be SGD13,000.00. The exchange rate given […]

Software: Intuit QuickBooks accounting software To simplify the data entry, by default, QuickBooks is using an Accounts Payable account to track all the Bills received. However, some accountant may prefer to separate the Sundry Creditor from the Trade Creditor when printing the Accounts Payable Ageing report. You can use the Vendor type to segregate the […]

Software: Intuit QuickBooks accounting software You may give your purchaser a sum of money to go overseas to source for new products, make payment and arrange shipment back to your country. Your purchaser is like a “walking” ATM (Automated Teller Machine), help making payment as and when required. You may create this “Purchaser” as a […]

Software: Intuit QuickBooks accounting software If you didn’t set a password during the setup of the QuickBooks company file, you may do so from the Company menu | Set Up Users and Passwords | Change your password. Enter the password in the “New Password” field and re-enter once more at the “Confirm New Password” field. […]

Software: Intuit QuickBooks accounting software The unpresented Cheques are the cheque issued by you but have not yet appeared in the bank statement as of the crossover date. When recording the opening balance of the bank account as of the crossover date; you may record the bank statement opening balance and the unpresented cheque separately […]

Software: QuickBooks accounting software Although, you can’t change the “look and feel” of the QuickBooks report drastically, you can still do some “fine tuning” by adding some fields (subject to the limitation set within the report) or set a filter to the report. Launch your QuickBooks report and click on the “Customize Report” button to […]