Record a Hire Purchase transaction in QuickBooks accounting software

Software: QuickBooks Desktop accounting software Due to limited fields available in the template design, you may rename the field label to fine tune the QuickBooks accounting software towards your requirement. For example, if you are not using the FOB field but require a Permit Number field in your Sales Invoice, you may rename the field […]

Software: Intuit #QuickBooks Desktop #accounting software Unless you turn it off, if not, Undeposited Fund account will be the default deposited to account when payment received. You may feel that this feature (undeposited fund as a default deposit to account) is redundant if you prefer to record the deposit directly to the bank account instead […]

Software: #QuickBooks Desktop #accounting software A Credit Note (an Adjustment Note) is a sales form given by the seller to the buyer to correct the mistake made in the Sales Invoice or goods returned. From the Customers menu of the QuickBooks accounting software select Create Credit Memo/Refunds to add a new Credit Note. Assuming a […]

Software: Intuit #QuickBooks Desktop #accounting software The ledger balance of the bank account as at the last financial year-end closing can be use as the opening balance of the bank account in QuickBooks, or derive the opening balance from the closing balance of the bank statement and record the un-presented cheque and deposit separately. Most […]

Software: Intuit #QuickBooks #accounting software A debtor (the customer) can also be your creditor (the vendor) if you purchased goods and services from them. You get an error of “This name is already in use…” if you try to add a vendor with the same name as the customer into QuickBooks or vice versa. The […]