Software: Intuit QuickBooks accounting software To simplify the data entry, by default, QuickBooks is using an Accounts Payable account to track all the Bills received. However, some accountant may prefer to separate the Sundry Creditor from the Trade Creditor when printing the Accounts Payable Ageing report. You can use the Vendor type to segregate the […]

Software: Intuit QuickBooks accounting software Instead of entering the outstanding supplier bills as a lump sum in the Opening Balance field of the supplier profile, you may record the bills separately. For example, you owe supplier “Permanent Temp Service” 3 bills with a total of $15,000.00 as of your crossover date (usually is the closing […]

Software: Reckon QuickBooks (Reckon Accounts) For those users who upgraded their Reckon QuickBooks (especially upgraded from version 2011/12) to version 2012/13 or Reckon Account 2013 may have an error on those Home Currency Adjustment journals, which they had entered in the previous version of Reckon QuickBooks. Assuming your Base Currency is SGD and you did […]

Software: MoneyWorks accounting software By Default, the Aged Payables report is sorted by Name Code. To sort the Aged Payables report by supplier name, first, go to the Show menu and select Names. Then, click the Creditors (Credit Supplier) from the left panel to show all the supplier name. Next, click the Name column header […]

Software: MoneyWorks accounting software You bought a Computer, $1,800.00 before GST, for the company from a retail store with your credit card. How are you going to record this amount owing to you and the fixed asset in your MoneyWorks accounting software? The Credit Card account. You need to add a new Bank account type […]

Software: Intuit QuickBooks 2013 accounting software Currency adjustment feature is one of the differences between QuickBooks Pro and QuickBooks Premier 2013. QuickBooks Premier allows user to pass a currency adjustment journal automatically via a Home Currency Adjustment Wizard (From the Company menu select Manage Currency and follow by Home Currency Adjustment). The Home Currency Adjustment […]