Software: QBO (QuickBooks Online) Singapore Delayed Charge is a non-posting transaction. It is a future revenue (Similar to the Sales Order of the QuickBooks Desktop) which you recorded in QBO, some user may consider that as a sales confirmation. For example, your customer may confirm to purchase a machine from you, but due to delays […]

Software: Intuit QuickBooks Online, Singapore QuickBooks Online does not permanently “lock” up the transactions, it allows the authorized user to amend the transaction when a genuine mistake was made. To prevent unauthorized modification, QuickBooks Online has a “Closing the Books” protection feature, which administrator can set a closing date and a password, to prevent unauthorized […]

Software: Intuit QuickBooks Online Singapore (QBO) The QuickBooks Desktop accounting software allows user to select a different Accounts Receivable account when preparing a Sales Invoice transaction. Some users may have set up multiple Accounts Receivable accounts such as Trade Debtors, Other Debtors, and Inter-companies; and use them accordingly in the relevant transaction. However, the multiple […]

Software: QuickBooks Online Singapore ( QBO ) You can use either Class or Location feature in QBO (QuickBooks Online Singapore) to segregate your financial report. Although both class and location looks similar, they are different. You should consider carefully before using them. Class: When Classes are used, they get attached to the detail portion of […]

Software: Quickbooks accounting software If you have received the supplier’s bill before the goods received, you should not convert the Purchase Order to Bill. Instead, you should consider to record the bill from the supplier and park it to the “Advance to Supplier” account. The “Advance to Supplier” account (You may consider to use “Stock […]

Software: QuickBooks accounting software Should I join the crowd and get into the Cloud? With increasing in cloud solution, this becomes a trend that people tend to consider cloud accounting software as an alternative when they come to a point of deciding it. One of the online accounting software, which Singapore user can consider is […]