Software: MoneyWorks accounting software The default payment term of the debtor is set in the Name profile of the debtor (under Pricing & Terms tab | Debtor Control section | Terms field). Assuming you have set the payment term of the debtor as “Within Days” and “30” days following (that is 30 days payment terms). […]

Software: Intuit QuickBooks 2013 One of the great features in Intuit QuickBooks 2013 is the sub-window at the right side of the Create Invoice transaction, which shows the customer transaction summary. Once the customer is being selected from the Customer:Job field, the customer transaction summary for this customer will be automatically generated. The Customer Transaction […]

Software: QuickBooks accounting software Some User may like to have both Trade Debtors and Other Debtors accounts in the Balance Sheet report rather than having an Accounts Receivable account that capturing both types of debtor account. To manage both Trade and Other Debtors, you can add a new Accounts Receivable type of account and name […]

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: Reckon Accounts For those who are using multiple currency in Reckon Accounts accounting software, you will discover that the A/R Ageing Detail report doesn’t show the Foreign Open Balance correctly (It shows the base currency value instead). While waiting for Reckon to fix up the issue, hope not too long, you may try to […]

Software: MoneyWorks accounting software The payment term of the debtor is set in the “Pricing & Terms” tab of the Name profile. You can select either “Next Month” or “Within Days” from the Terms drop down list at the Debtor Control section. Next, enter the number of days in the field box provided next to […]