Software: MoneyWorks accounting software Assuming your financial year is from January to December; and you wanted to start recording your account into MoneyWorks from year 2012. In the setting up new company wizard, Period setting, Set “Financial Year” to “Jan-Dec” and select “2012” in the “Start in” field. In the Period management window, you will […]

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From IRAS web Site: If you have made a mistake in your past GST return(s), you can correct the error in the current GST F5 return provided that:   The net GST amount in error for all the prescribed accounting periods affected is not more than $1,500; and  The summation of errors in each prescribed […]

  Information from: http://iras.gov.sg/irasHome/page04.aspx?id=1990   You may pay for expenses on behalf of another party (e.g. your subsidiary or customer). Subsequently, you re-bill to recover the expenses from that party.      Whether you need to charge GST on the re-billed amount will depend on whether the recovery of expenses is a reimbursement or disbursement. […]

Software: QuickBooks accounting software I did enter a credit note from my supplier but I couldn’t find it in my Pay Bill window. Where is my Credit Note that I had entered? How to knock off my credit note against my bill? How? From the Pay Bill window, select your bill that you wanted to […]

Software: MoneyWorks accounting software MoneyWorks allows you to clone a new document (data file) from your existing document. Reasons for cloning a new document could be due to setting up a new company and would like to use the same item list, name list, chart of account and users; or could be you have messed […]