How to record a dividend?

When the company is profitable, part of the earnings may return to the investor as a dividend. ..

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QuickBooks Bank Reconciliation — Cheque issued but not yet presented

Software: QuickBooks #accounting software Bank reconciliation is a process of comparing the Cash Book against the Bank Statement. The objective of the bank reconciliation is to confirm the withdrawals and deposits presented in the Bank Statement have recorded in the ledger correctly. Although you can record the opening balance of the bank account in QuickBooks […]

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QuickBooks Online (QBO) – The Gear Icon

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 […]

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Adding GST Summary to the QBO invoice template

Software: QuickBooks Online (QBO) QuickBooks Online (QBO) does print the GST rate, GST amount and the amount payable excluding GST of a foreign currency invoice in Singapore dollars equivalent. Although, you are not able to customise the template of the QuickBooks Online (QBO) like a QuickBooks Desktop version, you can “fine tune” the template by […]

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Shall I continue with QuickBooks desktop or moving on to the QuickBooks Online?

Software: QuickBooks accounting software For those users who are still using the older version of Reckon QuickBooks may have some difficulty installing the QuickBooks in a newer Window OS (Operating Systems). If you need to keep or continue with your existing company file, then upgrade to a newer Reckon Accounts (formerly known as Reckon QuickBooks) […]

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How to set a custom transaction number in QBO Singapore?

Software: QBO (QuickBooks Online) Singapore When switch from QuickBooks desktop to QuickBooks Online (QBO), you may prefer to keep the same invoice running number in the QBO as the QuickBooks desktop accounting software. QBO has locked the running number by default to prevent user from editing it, this measure is to prevent duplicate running number […]

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