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ehlim
Singapore
I am a QuickBooks trainer in Singapore.
Recent Activity
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Software: MoneyWorks accounting software In our earlier post, we did mention the option available in the Debtor Terms (Payment Terms), which you can select either “Within Days” or “Next Month”. The terms set in the debtor profile will affect the due date of the invoice transaction, and hence the aging... Continue reading
Posted Sep 30, 2015 at LedgerBLOG
Hi, if your are using Intuit version of QuickBooks POS (ours is by Reckon Australia), you may contact @ruthperryman, she is an expert in Intuit QuickBooks POS... http://www.pos-deals.com
1 reply
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Software: MoneyWorks accounting software The Terms (Payment terms), which under the "Pricing & Terms" tab of the name profile (A debtor or a creditor), have an option of “Next Month” or “Within Days”. The “Within Days” terms calculate the due date based on the number of days set from the... Continue reading
Posted Sep 22, 2015 at LedgerBLOG
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Software: MoneyWorks accounting software MoneyWorks allows you to digitally attach the related document to a transaction. Instead of searching the files physically for the document you wanted; simply use the Display Image function to view the document electronically on the screen. You may attach a scanned copy of the supplier’s... Continue reading
Posted Sep 15, 2015 at LedgerBLOG
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You can classify an item in QuickBooks as a Service, Inventory or Non-Inventory type. When stock item is purchased, QuickBooks will debit the Inventory Asset account and credit the Accounts Payable. Only when the item is sold, QuickBooks will then debit the Cost of Goods Sold account and credit the Inventory Asset account with the average cost. A non-inventory part item is an item, which you usually buy and sell for a project or specific customer. For example, a trader may buy a few containers of goods for a specific customer. Since the goods will be delivered immediately once it... Continue reading
Posted Sep 11, 2015 at QuickBooks Asia
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Software: MoneyWorks accounting software When an overpayment is received from a customer, there is a temporary “overpayment” detail line added to the Receipt transaction. Example: when a customer made a payment of $10,900 for an outstanding invoice of $10,700, the overpayment of $200 is also credited to the Accounts Receivable... Continue reading
Posted Sep 11, 2015 at LedgerBLOG
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Software: MoneyWorks accounting software If you prefer to send the Statement to a few customers instead of all the customers in the debtors list, you can do it by highlighting the debtors from the Names list, then prints the Statement from the Command menu. Reference: MoneyWorks v7 User Guide, page... Continue reading
Posted Sep 2, 2015 at LedgerBLOG
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Software: MoneyWorks accounting software In our previous post, we discussed about the aged receivable. A transaction needs to be posted before it updates the general ledger. So, what if you need to have a list of the outstanding sales invoices, which inclusive of both posted and unposted? Once the transaction... Continue reading
Posted Sep 1, 2015 at LedgerBLOG
Hi, usually the total deposit should be balanced with the bank statement, but some time you may not recording the returned cheque, which cause the total deposit in the bank reconciliation summary not tally with the actual bank statement. To reconcile, the Beginning Balance and the Cleared Balance must match.
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Software: MoneyWorks accounting software The transactions, which are recorded in MoneyWorks needs to be posted before it updates the general ledger (GL). Therefore, the aged receivables show only the posted sales invoices. From the Show menu | Transactions | Receivable (under the Transactions by Status) gives a quick overview of... Continue reading
Posted Aug 27, 2015 at LedgerBLOG
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Software: MoneyWorks Accounting Software When printing a report or form on Windows, MoneyWorks remembers the printer that it was output to, and will default to the printer the next time you use the report or form. However, when the default printer changed, MoneyWorks will still remembers the old setting and... Continue reading
Posted Aug 26, 2015 at LedgerBLOG
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Software: MoneyWorks accounting software If adding the Transaction.PaymentMethod field (Payment Method) directly to an “Official Receipt” or “Payment Voucher” form (*.invc), you will get a result of 1, 2, 3, or 4; instead of the result label “Cash”, “Cheque”, "Electronic”, or “Credit Card”. Example: If “Cheque” payment method were to... Continue reading
Posted Aug 25, 2015 at LedgerBLOG
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Software: MoneyWorks accounting software Refer to MoneyWorks v7 User Guide, Page 201, “GST, VAT, Sales Tax & Tax Codes”. The GST report can be printed from the Reports menu | GST Report. As an audit control, the current GST Cycle has to be finalised before you can move on to... Continue reading
Posted Aug 14, 2015 at LedgerBLOG
QuickBooks does not support Asian Languages. If you need to use Asian font, then you may consider using MoneyWorks accounting software: http://solarsys.sg/products/moneyworks-2/ You may download to trial from: http://solarsys.sg/trial/request-trial-for-moneyworks/ Cheers!
Toggle Commented Jan 8, 2014 on QuickBooks Singapore at QuickBooks Asia
1 reply
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Software: Intuit QuickBooks 2014 In the past, to record a bounced cheque in QuickBooks, we need to do a few steps manually such as creating journal to debit the accounts receivable account and credit the bank account; and if there is any bank service charge, we need to record it... Continue reading
Posted Nov 20, 2013 at LedgerBLOG
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Software: MoneyWorks accounting software When purchasing a motor vehicle, often we made a down payment (deposit) and arrange the balances with a car loan. Assuming you purchase a motor vehicle at S$80,000.00 (S$85,600.00 with GST) and you paid S$10,000.00 as a down payment and take a loan for the remaining... Continue reading
Posted Sep 2, 2013 at LedgerBLOG
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To view those paid sales invoices by Rep (Salesperson), you can use the Sales by Rep Detail report with a little modification to show the Paid column. From the Sales by Rep Detail report, click the Customize Report button, and check the Paid field from the Columns section of the Display tab. You can further filter the Paid Status (either Closed or Open) of the Sales by Rep Detail report to show only Paid or Unpaid invoices. This report may help those businesses who pay sales commission based on paid invoices. Continue reading
Posted Jun 6, 2013 at QuickBooks Asia
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To view those paid sales invoices by Rep (Salesperson), you can use the Sales by Rep Detail report with a little modification to show the Paid column. From the Sales by Rep Detail report, click the Customize Report button, and check the Paid field from the Columns section of the... Continue reading
Posted Jun 6, 2013 at LedgerBLOG
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Some User may like to have both Trade Debtors and Other Debtors accounts in the Balance Sheet report rather than having an Accounts Receivable account that capturing both types of debtor account. To manage both Trade and Other Debtors, you can add a new Accounts Receivable type of account and name it as Other Debtors. If you have Other Debtors account in foreign currency, then, you may name it such as Other Debtors (SGD) for Singapore dollar or Other Debtors (USD) for US dollar. When creating invoices to your other debtor, simply select the Other Debtors Accounts Receivable account from... Continue reading
Posted Jun 4, 2013 at QuickBooks Asia
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Some User may like to have both Trade Debtors and Other Debtors accounts in the Balance Sheet report rather than having an Accounts Receivable account that capturing both types of debtor account. To manage both Trade and Other Debtors, you can add a new Accounts Receivable type of account and... Continue reading
Posted Jun 4, 2013 at LedgerBLOG
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Software: MoneyWorks accounting software For those who print product labels may sometime need to print the label start from Row number ‘x’ of the Column “y” instead of the default Row 1 of Column 1. To achieve it, you may modify the setting from the print order of the Form... Continue reading
Posted May 15, 2013 at LedgerBLOG
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Some user may have an issue with a large TLG file, it may grow up to as huge as 1.7 GB, and this may cause errors or backup to hang. One of the possible causes is the automatic update setting in your Search preferences. To prevent overgrown TGL file, you may disable it. From the Edit menu, go to the Preferences, highlight Search from the left panel and click the Company Preferences tab. In the Company Preferences tab, unchecked the “Update automatically” from the Search Box Preferences. If you are not sure, you should consider engaging a QuickBooks Consultant. Once... Continue reading
Posted May 14, 2013 at QuickBooks Asia
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Software: QuickBooks Some user may have an issue with a large TLG file, it may grow up to as huge as 1.7 GB, and this may cause errors or backup to hang. One of the possible causes is the automatic update setting in your Search preferences. To prevent overgrown TGL... Continue reading
Posted May 14, 2013 at LedgerBLOG
Software: Reckon QuickBooks (Reckon Accounts) For those users who upgraded their Reckon QuickBooks (especially upgraded from version 2011/12) to version 2012/13 or Reckon Account 2013 may have an error on those Home Currency Adjustment journals, which they had entered in the previous version of Reckon QuickBooks. Assuming your Base Currency is SGD and you did a home currency adjustment in your earlier version of Reckon QuickBooks for SGD 100.50 gain for your USD Customer. The double entry for this Home Currency Adjustment journal will be: Account Debit Credit USD Accounts Receivable 100.50 Exchange Gain/Loss – Unrealised 100.50 This is a... Continue reading
Posted May 13, 2013 at QuickBooks Asia
Software: Reckon QuickBooks (Reckon Accounts) For those users who upgraded their Reckon QuickBooks (especially upgraded from version 2011/12) to version 2012/13 or Reckon Account 2013 may have an error on those Home Currency Adjustment journals, which they had entered in the previous version of Reckon QuickBooks. Assuming your Base Currency... Continue reading
Posted May 13, 2013 at LedgerBLOG