Software: Intuit QuickBooks 2015 accounting software Due to the differences in exchange rate, the amount received in the home currency bank, which has transferred from a foreign currency bank account, could be different from the amount recorded in the QuickBooks accounting software. Assuming you transferred USD15,000 from a US dollar bank account, which is a […]

Software: Intuit QuickBooks accounting software The Accounts Receivable, Accounts Payable, Bank and Credit Card account allow setting with a foreign currency.  From the Modify Report wizard of the list report such as General Ledger, Journals, Customer or Supplier Detail report, you can pull out foreign currency related fields such as Foreign Amount, Currency or Exchange […]

Software: Intuit QuickBooks 2014 For non-multiple currencies company file, QuickBooks will follow the currency symbol set in the Regional Option of the computer; and the currency symbol will be placed before the Subtotal, Tax Total and the Total fields of the template when it is printed. When multiple currencies feature has turned on, the currency […]

 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: MoneyWorks accounting software Assuming your base currency is in Singapore Dollar (SGD) and you have some invoices in US Dollar (USD), the Gross column of the Sales Invoice list will show as the USD amount instead of SGD. To view the Gross value of the transaction in a base currency (SGD), you can add […]

Software: Reckon QuickBooks (Reckon Accounts) For those users who upgraded their Reckon QuickBooks (especially upgraded from version 2011/12) to version 2012/13 or Reckon Account 2013 may have an error on those Home Currency Adjustment journals, which they had entered in the previous version of Reckon QuickBooks. Assuming your Base Currency is SGD and you did […]