When importing goods into Singapore, you must pay the GST (Goods and Services Tax) to Singapore Customs if the overseas supplier is not an IRAS GST-registered trader. If you do not have an account with Customs, the forwarder could have taken care of it. 

The process of unbundling a product in QuickBooks Online is straightforward.

If you are occasionally required to work on two separate Products to Names List, opening more than one list window in MoneyWorks accounting software will benefit and improve your productivity.

I found the purchase order in QuickBooks Online’s expenses navigator and chose the ‘copy to bill’ option from the action dropdown list. This opened a bill with my purchase order details.

Bank reconciliation is a meticulous accounting process that precisely balances your company’s financial records with the transactions shown on your bank statement.

Prepayment is not an income nor expense but a current asset, a balance sheet account.