Software: QuickBooks accounting software You had been entering transactions daily into QuickBooks. Do you know the transactions which were recorded today by either you or your colleagues? How to find the transactions which were entered today? From Edit menu, select “Find” function. In the Find wizard, go to “Advanced” tab, Select “Entered/Modified” field from the Filter […]

Software: QuickBooks accounting software You need to file GST. When using QuickBooks Canadian version, after your GST Cycle, you are required to file your GST. From Sales Tax menu, select File Sales Tax …, to starts filing your GST (Note: In Singapore, QuickBooks Canadian WILL NOT automatically files your GST online or link with IRAS […]

Software: QuickBooks accounting software When you received a Credit Note from supplier, you can use Enter Bill feature in QuickBooks to record this transaction. From Enter Bill window, select “Credit” radio button which at the top left hand corner of your Bill; QuickBooks will transform this bill into credit, you need not record it as […]

Software: QuickBooks accounting software When printing out invoice, in the description column, there was a GST line item generated right after your last item. This additional GST line item shows the summary of your GST amount for this transaction. If you have more than one GST code in the transaction, it will summarize up, showing […]

Software: QuickBooks Canadian version QuickBooks does allow user to set their selling price to be inclusive of the GST. If occasionally you need to include your selling price with GST, during the preparation of Invoice, you can simply select the checkbox “Amounts include tax” in your Invoice window. However, if permanently you need your selling […]

If your monthly depreciation for Motor Vehicle is $1,666.67, you can pass a journal to debit Depreciation Expense $1,666.67 and credit Dep Acc – Motor Vehicle account (Accumulated Depreciation account for Motor Vehicle). If the cost of the motor vehicle account is $100,000.00, the Balance Sheet will be presented as: Motor Vehicle Cost – Motor […]