Small businesses are usually more concerned about cash flow and day-to-day operation, but having a budget is extremely important when moving towards a new normal. With limited resources, it is more crucial to monitor the performance in an uncertain market.

Software: Intuit QuickBooks Desktop QuickBooks has an easy way of recording a transfer fund from a bank to another. You may have a bank for trading and another to facilitate the repayment of a loan or for payroll purposes which you may require to ‘top-up’ from time-to-time, From the Transfer Fund wizard, record the amount, […]

Create Statement of Account from the accounting software is a Mail Merge process. During mail merging, the fixed field such as debtor, address, the amount due, etc. merges into the Statement template…

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 […]