Software: QuickBooks accounting software Although, you can’t change the “look and feel” of the QuickBooks report drastically, you can still do some “fine tuning” by adding some fields (subject to the limitation set within the report) or set a filter to the report. Launch your QuickBooks report and click on the “Customize Report” button to […]

Software: Intuit QuickBooks accounting software You have to bring over the GST payable or receivable balances over to QuickBooks when you crossover from the existing software to the new Intuit QuickBooks accounting software. Assuming, as of your crossover date the GST output tax payable is at $8,750.00 and the GST input tax receivable is at […]

 Software: Intuit QuickBooks 2014 Assuming your base currency is in Singapore dollar (SGD), when you create a sales invoice for your foreign currency customer (USD) for the amount of USD 1,000.00 with 7% rated GST (this customer is based in Singapore) at the exchange rate of 1.3000; the double entry for this transaction in Singapore […]

Software: Intuit QuickBooks When creating a general journal, you can only associate a tax (GST) amount to the tax account (GST Payable account), the taxable amount will not be able to associate with the tax account. If you were to make a general journal of: Debit Expense 1000.00 Debit GST Payable account 70.00 Credit Bank 1070.00 The […]

Software: MoneyWorks accounting software WIKIPEDIA: A bad debt is an amount owed to a business or individual that is written off by the creditor as a loss (and classified as an expense) because the debt cannot be collected and all reasonable efforts to collect it have been exhausted. Assuming you have an outstanding Sales Invoice […]

Software: QuickBooks accounting software (Reckon version) Why the GST information shown in the Description column of the Sales Invoice? Can I remove it? This problem is due to the Tax Total field is not set to print on the Sales Invoice. You may edit your invoice template, click the Additional Customisation button, go to the […]