Software: Intuit QuickBooks accounting software Contra is to knock off an outstanding Sales Invoice against a Purchase Invoice (Supplier Bill); usually, the customer is also your supplier (sometimes it may be three parties). There is no cash payment, just to knock off the accounts receivable with the accounts payable. For the contra transactions, in addition […]

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 Online, Singapore QuickBooks Online does not permanently “lock” up the transactions, it allows the authorized user to amend the transaction when a genuine mistake was made. To prevent unauthorized modification, QuickBooks Online has a “Closing the Books” protection feature, which administrator can set a closing date and a password, to prevent unauthorized […]

Software: Intuit QuickBooks accounting software Although QuickBooks allows user to make changes after the transaction has been saved, there is an Audit Trail report, which track all the changes made in the transaction. The Audit Trail report is under the Accountant and Taxes section of the Report menu. Audit Trail report will show the prior […]

Software: MoneyWorks accounting software Generally, you are required to account for output tax on the goods given to your employees or for temporary use by employees except when it relates to: Free food or beverage catered for employees or the provision of free accommodation in a hotel, inn, boarding house or similar establishment; Gifts with […]