Software: Intuit QuickBooks accounting software The “Find” function (Edit menu | Find) is one of the methods you may consider to use for searching transactions you recorded in QuickBooks. “Simple” find allows user to find Invoice, Estimate, Sales Receipt, Credit Memo, Bill, Cheque, Credit Card, Purchase Order, Sales order, and Journal transaction. For example, you need a list of journals, which was dated last month, […]

Software: Intuit QuickBooks accounting software If you are adjusting the home currency value of a foreign currency account, you need to check the “Home Currency Adjustment” checkbox in the General Journal transaction. Home currency amount will be recorded in the General Journal instead of a foreign currency value. Assuming you have a USD bank account (foreign currency) of US$81,055.00 at […]

Software: Intuit QuickBooks Desktop accounting software There are four components in the GST setup: Tax account > Tax agent > Tax item > Tax code When setting up the GST in Quickbooks, you have an option of creating a single GST control account in the chart of account list or a group of three current […]

Software: Intuit QuickBooks accounting software The added on Payroll feature in Intuit QuickBooks accounting software is unavailable to Singapore user. If your payroll is simple, you may consider using the Write Cheque feature, or General Journal to record the payroll in QuickBooks accounting software. However, for those users who has an assistant, who has the […]

Software: Intuit QuickBooks accounting software Contra is to knock off an outstanding Sales Invoice against a Purchase Invoice (Supplier Bill); usually, the customer is also your supplier (sometimes it may be three parties). There is no cash payment, just to knock off the accounts receivable with the accounts payable. For the contra transactions, in addition […]

Software: Intuit QuickBooks accounting software Although QuickBooks allows user to make changes after the transaction has been saved, there is an Audit Trail report, which track all the changes made in the transaction. The Audit Trail report is under the Accountant and Taxes section of the Report menu. Audit Trail report will show the prior […]