Software: Intuit #QuickBooks accounting software Under the Singapore GST regulation, you are required to show the total amount payable, for both excluding and including of the GST, and both the GST rate and amount in Singapore Dollars equivalent on a foreign currency invoice. There are three methods of adding the Singapore Dollars equivalent for both […]

Software: Intuit #QuickBooks #accounting software You may maintain a bank account in foreign currency, such as US dollar or Euro if you have lots of payment or receipt in a foreign currency. When the fund in a foreign currency bank account is low, you transfer fund over from a base currency bank account. However, due […]

What is a Pro Forma Invoice? A Pro Forma Invoice is not a “real invoice”. It is a document states the goods or services, which you yet to supply. Often, the Pro Forma Invoice is used to declare the quantity, value and other shipping detail of the goods for the customs purpose. For software that […]

Software: Intuit #QuickBooks #accounting software Remittance agent helps a person/company remit the money from a country to another. In Singapore, you need to have a license from the Monetary Authority of Singapore (MAS) to operate a remittance service business. If remittance service is a form of payment method you used, you create the Remittance Agent […]

Software: Intuit #QuickBooks #accounting software The “Balance Due” in the Sales Invoice is referring to an outstanding amount of a sales invoice after knocking off the payment received. It is useful for project-based business to show the balance due of a sales invoice when an advance payment has collected. You can use the Make Deposit […]

Software: Intuit QuickBooks #accounting software Some retailer or wholesaler may convert the existing inventory into a demo equipment for the showroom or as a loan set for testing. Your accountant may classify a demo equipment as a fixed asset aka non-current asset if the expenditure qualifies (Please check with your accountant if you have doubt […]