Software: MoneyWorks accounting software Assuming you did a provision in last financial year for the withholding tax of S$10,000.00 (Singapore dollar is the base currency), at the point of providing the provision you are not sure of the type of currency will be taxed or exact amount. The double entry for this transaction is: Debit […]

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 […]

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 […]

Software: MoneyWorks accounting software MoneyWorks version 6 allows you to export your report to Excel. It exported the file with a coloured background (version 6.0.x to v6.1.1r1 are having the coloured background in Excel when report is being exported). Hence, this background covered the gridlines in Excel. With a coloured background, it made the viewing […]

Software: Reckon QuickBooks accounting software Found this FAQ ID 4494 on Reckon web site about installing QuickBooks on a Microsoft Terminal Server. Full instruction on installing QuickBooks on Microsoft Terminal Server.

Software: Sage ACT! Contact Management After 5 years of using BlackBerry, I finally changed to Android.  My main worry before changing my mobile phone was how to bring my thirteen thousand contacts and calendar from my Sage ACT! to my mobile phone (I did most of my task on the move. I need to email, […]