QuickBooks Asia

QuickBooks vs. QuickBooks

Software: QuickBooks accounting software

In the past, the QuickBooks available here in Singapore is the QuickBooks Asian edition from Reckon Ltd (QuickBooks Australia) distributed by QCOM Group Pte Ltd (Singapore) with few copies of USA edition, Canadian edition and UK edition imported by parallel importers. Solarsys is one of the Master Reseller of Quickbooks in Singapore, supporting all Quickbooks users in the Asia region.

The various versions (since year 1999) of QuickBooks Asian edition that we sold in the past are:

• QuickBooks v6 (1999-2000)
• QuickBooks v8 (2000-2001)
• QuickBooks 2002
• QuickBooks 2003
• QuickBooks 2004
• QuickBooks 2005/06
• QuickBooks 2006/07
• QuickBooks 2007/08
• QuickBooks 2009/10 (final Asian version sold)

In 2010, Intuit Ltd (USA) – the owner and developer of QuickBooks, made some major changes in the market for the QuickBooks products sold here in Singapore as follows:

• QuickBooks Asian edition is terminated.
• QuickBooks Online (cloud computing) is introduced.
• QuickBooks Canadian edition is introduced for all new users of Quickbooks.  The current version being sold is QuickBooks Pro & Premier 2012. Click here to buy.
• QuickBooks Australian edition is introduced for existing users ofQuickBooks Asian edition to upgrade (eg. their old versions cannot run on Win7, need more user license, etc.), as their data files are compatible with one another. If you’re an existing users of QuickBooks Asian edition (any of the versions listed above), you’re entitled to buy Quickbooks Direct Upgrade2011/12 at Upgrade Price. Click here to buy. If you need help to migrate your old data file to the latest version, we also provide Data Migration Service.

Important NOTE:

QuickBooks data files of different country built are not inter-operable.

That is to say, USA edition cannot open/use/import Canadian edition or UK edition or Australian edition database, and vice versa.  Neither can any of these desktop QuickBooks editions’ data file be opened by or imported into the QuickBooks Online edition and vice versa. (Read Pros & Cons of Cloud-based accounting solutions.)

If you are not sure as to how you should continue with your QuickBooks or embark on new QuickBooks; whether to upgrade to Australian edition, move over to Canadian edition or Online edition, please feel free to consult us and we will be more than happy to assist you.

 

 

Foreign currency journal

Either MoneyWorks or QuickBooks can't do the expenses journal in SGD (foreign currency) when your home currency is set to USD.

In either software, only Bank, Accounts Receivable and Accounts Payable account can be in foreign currency. All other accounts will be default to home currency.

When passing a journal in QuickBooks in SGD (Home currency set as USD) for:

Debit Utilities expenses (USD currency type): 1000.00

Credit Accrual - Expenses (USD currency type): 1000.00

A warning message will be prompt:

"The currency of the journal entry must either match the currency of the accounts selected or be your home currency."

What had you entered today?

Software: QuickBooks accounting software

You had been entering transactions daily into QuickBooks. Do you know the transactions which were recorded today by either you or your colleagues?

How to find the transactions which were entered today?

From Edit menu, select “Find” function. In the Find wizard, go to “Advanced” tab, Select “Entered/Modified” field from the Filter window. Next, select “Today’ from the Entered/Modified field (beside the Filter Window). Click the “Find” button to start the search of entry recorded today.

Once Find wizard got your result, you simply click the “Report” button to print out the transactions into the “Find Report” window.

 

 

Setting up selling price for items to be inclusive of GST

Software: QuickBooks Canadian version

QuickBooks does allow user to set their selling price to be inclusive of the GST. If occasionally you need to include your selling price with GST, during the preparation of Invoice, you can simply select the checkbox “Amounts include tax” in your Invoice window.

However, if permanently you need your selling price to include GST, then, you have to set it up in both your preferences and item profile.

In your Sales Tax preferences window, under Company Preferences, you can set “Allow tax inclusive (gross) prices and costs to be entered”. Next at the item profile, you can set your prices to include Taxes by selecting the checkbox for “Amts Inc Tax”.

Now, whenever you sell this item, the price shown in the invoice window will be inclusive of GST.