Software: QuickBooks Desktop accounting software You set the default tax code as 7% Standard Rated in the item profile and Non tax code in the Customer profile. When creating invoice to the customer, QuickBooks uses the Non tax code instead of the 7% standard rated code set in the item profile is because you have […]

Software: MoneyWorks accounting software Which exchange rate should I be using? Daily exchange rate or monthly exchange rate? From the IRAS e-tax Guide “GST: Exchange Rates for GST Purpose”, which was published on 30 September 2013, stated that: … The exchange rate must be the daily exchange rate corresponding to the time of supply. If […]

MoneyWorks 7.1.6 update is now available. Note: due to changes in the network protocol, MoneyWorks Gold 7.1.6 will not log in to an older server. Be sure to update servers first. Please view the change history here: http://cognito.co.nz/resources/change-history-for-7-1-6/    

 . . . QuickBooks Desktop 2015 … coming soon! . . . . #QuickBooks #accounting software #Singapore

Software: MoneyWorks accounting software Singapore When you have multiple bank accounts and like to set a default bank account at the payment or the receipt transaction, you may do so by select the relevant bank account in the transaction and click the “Pin” icon beside it to set it as a default bank account.

Software: MoneyWorks accounting software Assume your client confirmed a project with you and agree to pay a nonrefundable deposit of $10,000. The deposit will be used as a part payment or forfeited if the project cancelled. From IRAS (http://iras.gov.sg): Q: Do I need to charge GST on deposit received from customers? A: If a deposit […]