Software: Intuit QuickBooks accounting software When there is a discrepancy in the accounting entry, you always need to refer back to the original source document. Documents such as bill, invoice, delivery order, payment voucher, Import Permit or Certificates, and etc. Flip through files to search for documents can be a time consuming task. You can […]

Software: Intuit QuickBooks accounting software You received a foreign currency bill for the amount of USD10,000.00. Since you did not turn on the multiple currency feature, you record the bill in SGD. Assuming you decided to use the exchange rate of 1USD to 1.3000SGD, the SGD amount booked will be SGD13,000.00. The exchange rate given […]

Software: Intuit QuickBooks accounting software You may give your purchaser a sum of money to go overseas to source for new products, make payment and arrange shipment back to your country. Your purchaser is like a “walking” ATM (Automated Teller Machine), help making payment as and when required. You may create this “Purchaser” as a […]

Software: QuickBooks accounting software Although, you can’t change the “look and feel” of the QuickBooks report drastically, you can still do some “fine tuning” by adding some fields (subject to the limitation set within the report) or set a filter to the report. Launch your QuickBooks report and click on the “Customize Report” button to […]

Software: Reckon Accounts Those users who are using Reckon Accounts (formerly known as Reckon QuickBooks) are required to reactivate their software every three years. There was some disruption last week, which some users were having problem in reactivating their software. This week the reactivation service has been resumed, but the reactivating fee seems to have […]

Software: QuickBooks accounting software Assuming the company is giving an interest free loan of $10,000.00 to “Staff A” and will deduct $500.00 monthly from his salary as a repayment for 20 months. Before recording this transaction into QuickBooks, first you need to setup the Staff Loan account as an Other Current Asset type of account. […]