Software: Intuit QuickBooks accounting software Although QuickBooks allows user to make changes after the transaction has been saved, there is an Audit Trail report, which track all the changes made in the transaction. The Audit Trail report is under the Accountant and Taxes section of the Report menu. Audit Trail report will show the prior […]

Software: Intuit QuickBooks accounting software When recording the cheque payment using the Write Cheque function, you may wonder where to record the cheque number. By default the cheque number field, “NO”, is grey out and prevent user from editing. To input the cheque number manually, you can uncheck the “Print Later” checkbox and record cheque […]

Software: Intuit QuickBooks accounting software For users who crossover from Excel or other accounting software need to take note that the decimal places for the exchange rate is “fixed ” in QuickBooks. For example, the USD to SGD the decimal places is 5. And the decimal places for SGD to JPY is 6. After crossover […]

Software: Intuit QuickBooks accounting software Reckon Accounts does provide users an additional Tax Amount (TAX AMT) column in the invoice transaction screen, it allows user to view the Tax amount of the individual line item. However, Intuit QuickBooks only provide a Tax Code column and a tax total at the bottom of the invoice transaction. […]

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: Intuit QuickBooks accounting software Debit note Generally, a GST-registered person is required to issue a tax invoice or simplified tax invoice (if the total amount payable including GST does not exceed $1,000) for the standard-rated supplies made to his GST-registered customer. This is to enable the GST-registered customer to substantiate his input tax claims. […]