Software: Intuit QuickBooks accounting software The unpresented Cheques are the cheque issued by you but have not yet appeared in the bank statement as of the crossover date. When recording the opening balance of the bank account as of the crossover date; you may record the bank statement opening balance and the unpresented cheque separately […]

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: MoneyWorks accounting software In MoneyWorks accounting software, you can add the specification or the content of the product under the Comment field of the item profile. If you like to add this “comment” in the invoice template, you may customise the “Description” column of the invoice template and add a Lookup() function after the […]

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: MoneyWorks accounting software MoneyWorks does keep track of the monthly exchange rate you set for the foreign currencies. The exchange rate report can be found in the Reports menu | Foreign Currency | Exchange Rate. The exchange rate shown is the rate set on the last day of the month.

Software: Intuit QuickBooks accounting software After you have entered the opening balances for the Accounts Receivable, Accounts Payable, Stock (inventory) and unpresented cheque as of the crossover date; you need to enter all the other Balance Sheet accounts such as Fixed Assets, Prepayments, Accruals, Loans, Equity, etc. The opening balances for the other Balance Sheet accounts can […]