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: MoneyWorks accounting software Check Stock Holdings: In MoneyWorks Gold only, if you want to be warned of an out-of-stock condition as you enter a sales transaction, turn this option on. This may slow down data entry. — Page 190 of the MoneyWorks User Guide From the Document Preferences, Data Entry tab, check the checkbox […]

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 […]

MoneyWorks Gold & DataCentre is Listed on IRAS Accounting Software Register (ASR).

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. […]

Software: Intuit QuickBooks accounting software Instead of having a GST payable account, which consolidate both the GST Input and the GST Output, you may consider separating it into two accounts; GST Input account and GST Output account. From the Chart of accounts list, create the GST Output account as an Other Current Liabilities account type […]