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When you import goods, the supplier, being an overseas supplier, does not charge and collect GST on behalf of IRAS.    Instead, the customs department collects GST when clearing the import goods and issues a document called an import permit.    How then do you account for the import GST…
QuickBooks allows you to delete transactions. But you should not.    Because your accounting figures will differ from your printed reports. And more seriously, maybe your GST returns as well.    You should do the following:   Leave the original transaction alone (especially when the month end has passed). Treat…
Consider for a moment the reasons why we don't backup:   No time. Forgot. It won't be that bad. I don't know how to.   For the first three reasons, I'll leave it to you to settle with your inner self.    I'll try to help here with the fourth…
For small businesses, QuickBooks serves as an integrated program that issues quotations, converts to invoices, and records customer payments all within the software. In this way, you maintain a history of your major transactions with each customer in a single place and can respond to any enquiry better. Let's explore…
​Have you used any accounting software that does NOT allow you to create your own data file? For QuickBooks desktop, you don't have to wait for the software programmer - you can do it all by yourself. Let's go through the steps... First of all, understand that the QuickBooks accounting system…
Are you asking yourself “Why is QuickBooks slow?” If so, you’re not alone. Many businesses reach a point where their QuickBooks become too large and too slow, turning daily tasks into tediously slow chores.   QuickBooks company file limitations There is a limit as to how much information can be…