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 […]

Software: Intuit QuickBooks 2013 One of the changes in Intuit QuickBooks 2013 is the Discount & Credit feature in the Customer Payment window. In the previous version, there is a Discount & Credit button at the bottom of the Customer Payment window, now it has changed to a radio button “WRITE OFF THE EXTRA AMOUNT”. […]

Software: MoneyWorks accounting software When your customer is also your supplier, in small business, you usually prefer to contra off the amount instead of exchanging cheque. In accounting point of view, contra is a simple process; you just need to debit your Accounts Payable with the Accounts Receivable for the amount owing and follow by […]

Software: QuickBooks accounting software I did enter a credit note from my supplier but I couldn’t find it in my Pay Bill window. Where is my Credit Note that I had entered? How to knock off my credit note against my bill? How? From the Pay Bill window, select your bill that you wanted to […]

Software: MoneyWorks accounting software When you try to deposit an advance payment from a foreign currency debtor (example: USD) into your base currency bank (example: SGD), you will be prompted an error message of: Overpayments in foreign currencies are not allowed. You must issue a debit note (and a credit note if desired) for this […]

I saw some of my clients' QuickBooks data file; the adjustment note (credit note) to their customer was not knocking off against the invoices. Thus, this result in many of these credit accounts receivable still reflected in the accounts receivable ageing report. Most of the reason for this was they do not know where or […]