Software: QuickBooks desktop accounting software A ‘Memorize Report’ message is a one-time message, it pop-up whenever you try to close a modified report without memorising it. By checking the ‘Do not display this message in the future’ checkbox will turn off the one-time messages. The One-time message feature is a personal setting, which any changes […]

When the company is profitable, part of the earnings may return to the investor as a dividend. ..

The Purchase Order will automatically mark as ‘Closed’ and removed from the open Purchase Order list when all item has checked ‘Closed’.

For purchases made from a GST register trader in foreign currencies, the supplier has to reflect the GST payable on the invoice in Singapore dollars with an approved exchange rate. You, the buyer, should claim input tax based on Singapore dollar amounts shown on the tax invoice instead of conversion based on your in-house exchange rate.

GST register trader who supplies goods in foreign currency instead of Singapore dollar has to indicate the Singapore dollar equivalent GST amount on the invoice. The buyer who received the Bill has to record it based on the exchange rate stated in the Bill instead of the in-house exchange rate set in the accounting systems.

Home Currency Revaluation is a task which you have to do during financial year-end closing. It revalues the foreign currency bank balances and any outstanding foreign currency’s receivable and payable.