The non-GST registered overseas supplier will not be billing you GST for the goods imported, but you have to pay the GST directly to the Custom or the forwarder if they paid on your behalf.

Simple, but yet could be challenging for some. Switching over to new software, often, get overwhelmed by the rich features available; confused and wouldn’t know where to start. Although QuickBooks Online (QBO) is a cloud-based accounting system, suppose to be easy to use, it may still be challenging for some. After entering the company name […]

Software: QuickBooks Desktop Advance payment is a payment made to the supplier before goods received. It debits the advance to the supplier account, which is an Other Current Asset and credits the accounts payable. It gets complicated when including the landing cost in the product average cost; often, the landing cost has excluded from the […]

Software: QuickBooks Online (QBO) Unlike QuickBooks Desktop, QuickBooks Online does not have a traditional menu bar. It does not have an Edit menu where you can find the Preferences, it doesn’t have a Lists menu where you can locate the Chart of Accounts list or items list. QuickBooks Online (QBO) has simplified the interface by […]

Software: QuickBooks Online (QBO) QuickBooks Online (QBO) does print the GST rate, GST amount and the amount payable excluding GST of a foreign currency invoice in Singapore dollars equivalent. Although, you are not able to customise the template of the QuickBooks Online (QBO) like a QuickBooks Desktop version, you can “fine tune” the template by […]

Software: QBO (QuickBooks Online) Singapore Some users have complained that the SGD Net amount in the invoice print out has somehow changed to a negative value instead of the positive value which suppose to be the same as the SubTotal. There is no workaround, but you may temporarily disable the GST Summary from the preferences […]