Software: Intuit #QuickBooks #accounting software A Quotation (Estimate) is a document sent by the seller to a potential buyer, which states the cost of goods and services the seller has committed. A Quote is a non-posting transaction, which will not be included in the receivable nor deduct the inventory on hand from the item list. […]

Software: MoneyWorks accounting software When overpayment is received from a customer, there is a temporary “overpayment” detail line added to the Receipt transaction. Example: when a customer made a payment of $10,900 for an outstanding invoice of $10,700, the overpayment of $200 is also credited to the Accounts Receivable account. In the Receipt transaction, the […]

Software: MoneyWorks Accounting Software When printing a report or form on Windows, MoneyWorks remembers the printer that it was output to, and will default to the printer the next time you use the report or form. However, when the default printer changed, MoneyWorks will still remembers the old setting and will not change according to […]

Software: MoneyWorks accounting software If adding the Transaction.PaymentMethod field (Payment Method) directly to an “Official Receipt” or “Payment Voucher” form (*.invc), you will get a result of 1, 2, 3, or 4; instead of the result label “Cash”, “Cheque”, “Electronic”, or “Credit Card”. Example: If “Cheque” payment method were to be used in the transaction; […]

Software: MoneyWorks accounting software Assuming you did a provision in last financial year for the withholding tax of S$10,000.00 (Singapore dollar is the base currency), at the point of providing the provision you are not sure of the type of currency will be taxed or exact amount. The double entry for this transaction is: Debit […]