Software: Intuit #QuickBooks #accounting software A Quotation (Estimate) is a document sent by the seller to a potential buyer, which states the cost of goods and services the seller has committed. A Quote is a non-posting transaction, which will not be included in the receivable nor deduct the inventory on hand from the item list. […]

Software: Intuit #QuickBooks #accounting software QuickBooks company file is a database, which keeps all the financial records such as customer and supplier profile, invoices, bills, payment, receipt, journals, etc. A database is like a motor vehicle, which you have to “service” it regularly to ensure it is in good condition. It could be due to […]

Software: Intuit #QuickBooks #accounting software Businesses, especially when launching a new product, may give away product sample as a form of marketing. Although you are not selling a product, to correctly capture the cost of goods sold and the inventory on hand, a sales invoice transaction is used to record the delivery of the product […]

Software: Intuit #QuickBooks accounting software Under the Singapore GST regulation, you are required to show the total amount payable, for both excluding and including of the GST, and both the GST rate and amount in Singapore Dollars equivalent on a foreign currency invoice. There are three methods of adding the Singapore Dollars equivalent for both […]

Software: Intuit #QuickBooks #accounting software You may maintain a bank account in foreign currency, such as US dollar or Euro if you have lots of payment or receipt in a foreign currency. When the fund in a foreign currency bank account is low, you transfer fund over from a base currency bank account. However, due […]

Software: Intuit #QuickBooks #accounting software Remittance agent helps a person/company remit the money from a country to another. In Singapore, you need to have a license from the Monetary Authority of Singapore (MAS) to operate a remittance service business. If remittance service is a form of payment method you used, you create the Remittance Agent […]