How QuickBooks multicurrency works for items

In QuickBooks, there are only three types of accounts can be set in Foreign Currency. They are Bank, Accounts Receivable and Accounts Payable account type. If your home currency is in Singapore Dollar, all accounts (except Bank, Accounts Receivable and Accounts Payable account, which can be set in foreign currency) will be in Singapore Dollar. […]

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Can you give me the Sales by Rep report for this quarter?

    “Jane, can you give me the Sales by Rep report for this quarter?”     “Sure. But Boss, can you give me few days to prepare?”     “Why you need few days? I need it later for the Sales Meeting.”     “Sorry, I can’t. I need to sort them out and prepare it in a Spreadsheet.”      Do you […]

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Linking QuickPOS to a new QuickBooks company file

In the Cashier computer you are require to install QuickPOS terminal software. If your QuickBooks is in another computer (HQ) within the same retail shop, you need to install the QuickPOS Administrator and QuickBooks accounting software in this ‘HQ’ computer. QuickPOS Administrator is a bridge between the QuickBooks and QuickPOS terminal. You need QuickPOS Administrator […]

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Classification of Payroll Expenses

How can you classifying your Payroll Expense into different departments? To classifying your payroll expenses in QuickBooks, first you need to preset a class type in your employee profile. Under the Employee’s profile page, select ‘Payroll and Compensation Info’ from the ‘Change tabs’ drop down list, and then select a class type for this employee […]

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QuickBooks crashed upon launching

These few weeks, I had support calls on QuickBooks crashed when user trying to launch QuickBooks program. Most of these users were using QuickBooks 2007/08 Asia version. This is due to the security setting in Microsoft Window Internet Explorer (IE) was too high. To resolve this, simply go to your Internet Explorer program, select Tools […]

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You must assign an account for this transaction

Lately, I have a few customers having the same error with QuickBooks (Version 2004, 2005/06 and 2007/08). When they try to enter an invoice or bill, QuickBooks prompted an error message ‘You must assign an account for this transaction’. I have checked both Chart of Accounts and Item list; it does not seem to have […]

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