Software: #QuickBooks #accounting software A cooperative advertising is a sharing of advertising cost between you, the reseller, and the supplier (either the manufacturer or the wholesaler). Some businesses may call this as a marketing fund. Record the bill from the advertising company with the Advertising and Promotion expense account. You have to select the supplier […]

Software: QuickBooks #accounting software Bank reconciliation is a process of comparing the Cash Book against the Bank Statement. The objective of the bank reconciliation is to confirm the withdrawals and deposits presented in the Bank Statement have recorded in the ledger correctly. Although you can record the opening balance of the bank account in QuickBooks […]

Software: Reckon Accounts (formerly known as Reckon QuickBooks) The GST that has set in the Reckon QuickBooks 2007/08 or earlier version will migrate to the Reckon QuickBooks 2009/10 or latest version. However, if you tried creating a new company file in Reckon Accounts, the default GST items and code have localised to Australia. Unlike the […]

Software: #QuickBooks #accounting software It’s same, but different. Although, Intuit QuickBooks and Reckon QuickBooks (has renamed to Reckon Accounts) have a similar user-friendly navigator, the features and reports could be different. Those users who have switched from Reckon QuickBooks to Intuit QuickBooks may realize that the checkbox for “Use Undeposited Fund as a default deposited […]

Software: Intuit #QuickBooks #accounting software There are differences between the Reckon Accounts (formerly known as Reckon QuickBooks) and the Intuit QuickBooks’ (Desktop version) Tax Detail Report (GST Detail Report). As mentioned in my earlier post, Tax Agency Detail Report breaks into 4 sections; Sales, Purchase, Tax on Sales, and Tax on Purchases. Under the Sales […]

Software: Reckon Accounts Reckon Australia has just launched their new desktop accounting software – Reckon Accounts 2016. Reckon Accounts, formerly known as Reckon QuickBooks, was popular in South East Asia countries like Singapore, Hong Kong and Malaysia, until a few years back when they formally ended their business relationship with Intuit, the owner/developer of Quickbooks. […]