Software: Intuit QuickBooks accounting software GST Output is a liability not an income. Hence, you can’t show a Profit and Loss report with the GST amount being added to the Income account. However, you can print a Daily Sales Summary report with a Net, Tax, and Gross amount of each invoice. From the Daily Sales […]

Software: QuickBooks accounting software You can classify an item in QuickBooks as a Service, Inventory or Non-Inventory type. When an inventory item is purchased, QuickBooks will debit the Inventory Asset account and credit the Accounts Payable. Only when the item is sold, QuickBooks will then debit the Cost of Goods Sold account and credit the […]

Software: Reckon Accounts 2015 (formerly known as Reckon QuickBooks) Reckon introduces a new customizable template, Remittance Advice, in Reckon Accounts 2015 (formerly known as Reckon Quickbooks). Users who were formerly used QuickBooks Asia version (aka QuickBooks Singapore) had used the Remittance Advice form as a Payment Voucher. In the earlier version, the Remittance Advice template […]

Software: Intuit QuickBooks accounting software Softcookies (https://softcookies.com) I was told by Sandy Morgan, owner of Almost Anything LLC, that you can use Softcookies to integrate your eCommerce Platform with QuickBooks. I haven’t had a chance to test it out, but if you are looking for an eCommerce integration solution with QuickBooks, you may consider trying […]

Software: Intuit QuickBooks accounting software Reckon Accounts does provide users an additional Tax Amount (TAX AMT) column in the invoice transaction screen, it allows user to view the Tax amount of the individual line item. However, Intuit QuickBooks only provide a Tax Code column and a tax total at the bottom of the invoice transaction. […]

Software: Reckon Accounts 2013 “No Company Open” window not found! QuickBooks user used to have a “No Company Open” window when they launched the QuickBooks program without any company file opened. This “No Company Open” window contains a list of recently opened company files and functions where they can “Create a new company” and “Open […]