Invoice customer for deposit

Software: QuickBooks accounting software “Can you send me an invoice for the deposit that I have to pay?” You can create a Sales Invoice, stated the goods and services that they purchased, send it to your customer and requesting for payment. This method will debit the Accounts Receivable account and credit Sales Income account. The […]

Read More

Adding new GST code

Software: QuickBooks accounting software Adding new GST code in QuickBooks 2007/08 (Asia) is not as complicated as comparing to QuickBooks 2011/12 (Australia) version or QuickBooks 2011 (Canadian) version.  To add a new GST code in QuickBooks 2007/08 (Asia), simply go to the List menu and select Tax code. In the Tax Code list window, click […]

Read More

Default deposited to account

Software: QuickBooks accounting software I used to be able to select a different bank account in Receive Payment transaction, can I still do this in new QuickBooks 2011/12 version? For those who had recently upgraded to QuickBooks 2011/12 had wondering why the "deposited to" field was missing in the Receive Payment transaction window.  For QuickBooks […]

Read More

Recording GST Charge by Customs

Software: QuickBooks accounting software When importing goods into Singapore, you are required to pay your GST to the Singapore Custom (sometime, this was paid on behalf by the forwarder). How are you going to record this GST charge into QuickBooks and a claim from IRAS later in your GST form 5? One of the methods, which […]

Read More

Transactions entered today

Software: QuickBooks accounting software QuickBooks is layman accounting software, which is very easy for layman like you and me to enter transactions. It allows user to enter transactions that were in the past months, current period or even transactions that fall in the future month. With such flexibility, as an accountant, you may some time […]

Read More

2011 or 2011/12

Software: QuickBooks accounting software “Hey! I bought a new QuickBooks from a retail store, when I tried to restore my backup file from my previous version of QuickBooks and I got an error message. Why?” Intuit introduced QuickBooks 2011 (Canadian version) early this year in Singapore.  For new user, this is the only desktop version […]

Read More