Software: QuickBooks Desktop accounting Credit Note is a document issued from the seller to the buyer for goods returned or credit for overstated in sales value. For QuickBooks Desktop accounting, the Credit Memo (a.k.a. Credit Note) is under the Customers menu (Create Credit Memo/Refund). Credit Memo is using the same sequential number as the Sales […]

Work from home is a concept where the company allows the employee to work remotely from home (or outside of the office premises); it helps the company to get work done without having the employee reporting to the office and also promoting a work-life balance. When you have young children or aged parent to take […]

MoneyWork update 8.2 is now available, the enhancement and bug fixes have improved the performance of MoneyWorks accounting system. The Change History of version 8.2 is available at Cognito website, take a look if you like to find out what has fixed. MoneyWork accounting system has Desktop, server-client, and a cloud-based solution which meet a […]

Software: MoneyWorks accounting software There are two methods of computing the GST on Tax Invoice when the invoice contains more than one item with the standard rated supplies. The line item method, which commonly used in accounting software; this method computes the GST on each line item and then sums up the GST amount. The […]

Bank reconciliation is a periodic process to match the bank statement against the information you have recorded in the accounting system.

Software: QuickBooks Desktop accounting software You can search for a customer by the account number from the Customer List but not when recording a sales invoice. Hence, the customer account number may not be as useful as the customer name in QuickBooks. QuickBooks search and display the Customer Name instead of the company name when […]