Software: Intuit QuickBooks accounting software After you have entered the opening balances for the Accounts Receivable, Accounts Payable, Stock (inventory) and unpresented cheque as of the crossover date; you need to enter all the other Balance Sheet accounts such as Fixed Assets, Prepayments, Accruals, Loans, Equity, etc. The opening balances for the other Balance Sheet accounts can […]

Software: Intuit QuickBooks accounting software Entering the stock on hand quantity and value is one of the essential tasks to do when you crossover from the existing accounting software to QuickBooks accounting software. You have to ensure the quantity and value is tally with your stocktaking as of the crossover date. One of the method […]

Software: Intuit QuickBooks accounting software You have to bring over the GST payable or receivable balances over to QuickBooks when you crossover from the existing software to the new Intuit QuickBooks accounting software. Assuming, as of your crossover date the GST output tax payable is at $8,750.00 and the GST input tax receivable is at […]

Software: Intuit QuickBooks accounting software Instead of entering the outstanding supplier bills as a lump sum in the Opening Balance field of the supplier profile, you may record the bills separately. For example, you owe supplier “Permanent Temp Service” 3 bills with a total of $15,000.00 as of your crossover date (usually is the closing […]

Software: Intuit QuickBooks accounting software When recording the outstanding sales invoices as of the crossover date (usually is the closing date of the last financial year) into the Quickbooks accounting software, you can consider recording every outstanding invoices instead of as a lump sum owed by the customer. For example, Customer ABC owes you 5 […]

Software: Intuit QuickBooks accounting software For some machine which is slower, may feel that the Live Community window is taking up too much resources from the computer. The Live Community feature can be turned off from the Desktop View of the Preferences window. Just unchecked the “Show Live Community and Help” checkbox to temporarily turn […]