The recurring feature helps reduce the tedious accounting task such as recurrent rent, payroll, depreciation, accruals, invoices for subscription and school fee; or use it as a reversal entry for prepayment or work-in-progress (WIP), etc.

How to print a journal transaction from MoneyWorks accounting software?

Software: MoneyWorks #accounting software You can have foreign currency set in accounts such as the bank, accounts receivable and accounts payable. When there is a rate change, MoneyWorks automatically creates two exchange rate journals. One is to revalue the foreign currency balances due to a change in the exchange rate; another is a reverse of […]

Software: Intuit #QuickBooks #accounting software The general journal entry number has to be unique. You just need to set the first entry number and QuickBooks will automatically keep the running number in sequential order. For example, you enter the first entry number as J160801 and QuickBooks will automatically assign the next number as J160802, and […]

Many of the QuickBooks users who are using the accounting version likes to record the payroll but do not know how to go about it. Payroll feature is not included in the QuickBooks Accounting version. So to do it, user can consider passing a General Journal into QuickBooks. Why General Journal? I saw some user […]