JSS (Job Support Scheme) is a cash grant given by the government to offset part of the local employee wage costs during the outbreak of COVID-19. If you are using MoneyWorks accounting software: There are two income account types (Sales and Income) in MoneyWorks. The Sales account type is a trading income, whereas the Income […]

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

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 […]

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 […]

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 […]

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) […]