Software: Intuit QuickBooks accounting software General Journal is often being used during month-end or year-end closing. You may use a general journal to reclassify accounts, prepare accrual or record a depreciation of the fixed assets. However, sometimes when recording a journal with an accounts payable, you get a warning message of “Transactions to accounts payable […]

Software: QuickBooks accounting software For those users who are still using the older version of Reckon QuickBooks may have some difficulty installing the QuickBooks in a newer Window OS (Operating Systems). If you need to keep or continue with your existing company file, then upgrade to a newer Reckon Accounts (formerly known as Reckon QuickBooks) […]

Software: Intuit QuickBooks accounting software The Tax Agency Detail Report in Intuit QuickBooks accounting software consist of four parts: Sales Purchases Tax on Sales Tax on Purchases The Sales Invoices (income) show under the “Sales” section and the expenses show under the “Purchases” section of the report. The “Amount” in both the Sales and the […]

Software: Reckon Accounts 2015 (formerly known as Reckon QuickBooks) Reckon introduces a new customizable template, Remittance Advice, in Reckon Accounts 2015 (formerly known as Reckon Quickbooks). Users who were formerly used QuickBooks Asia version (aka QuickBooks Singapore) had used the Remittance Advice form as a Payment Voucher. In the earlier version, the Remittance Advice template […]

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 accounting software For users who crossover from Excel or other accounting software need to take note that the decimal places for the exchange rate is “fixed ” in QuickBooks. For example, the USD to SGD the decimal places is 5. And the decimal places for SGD to JPY is 6. After crossover […]