You get an error of ‘Receipt amount exceeds amounts allocated to invoices’ when try applying an overpayment to a foreign currency invoice. You have to use dummy invoices to transit the additional amount received between the Overpayment Received and the Accounts Receivable account.

You may park the fund received temporarily in a clearing account (the transit account) so to proceed with the bank reconciliation and month-end closing while waiting for clarification or locating the missing invoice.

MoneyWorks accounting system: Use credit note method to receive advances (deposit) from a foreign currency customer.

Customise the QuickBooks Agenig report if you want the ageing report show in transaction currency instead of functional currency.

When working in a multiple users environment, tasks which affecting other users are required to perform in a single user mode.

A bank reconciliation is a process of reconciling the Cash Book account (GL) with the Bank Statement. It is a process of picking the discrepancy between the two, such as omission error, typo error, duplicated transactions, etc..