by Graham | Jun 4, 2018 | Reckon Accounts Business
Adjusting Inventory in Reckon Account Business This paper shows the steps involved in adjusting inventory values in Reckon Accounts Business, and explores some alternative ways to make this process less painful.
by Graham | May 31, 2018 | Reckon Accounts Business
THE PROBLEM How do I get rid of old uncleared bank transactions from my Bank Reconciliation? How Do I reverse a Stale Cheque? This can happen You have uncleared transactions in your Bank Reconciliation that are either old unpresented cheques or old uncleared expenses...
by Graham | Jan 24, 2018 | Reckon Accounts Business
This paper shows how to record Loan Payment in a manner that correctly accounts for the interest and correctly shows the decreasing balance in the Balance Sheet. Recording Loan Payments
by Graham | Jan 23, 2018 | Reckon Accounts Business
This paper gives the reader an understanding of how to correctly record the purchase of a motor vehicle. To make the transaction as real as possible, the example I use involves a deposit, a trade-in, financing, and payout of an existing loan. It covers how to do the...
by Graham | Jan 21, 2018 | Reckon Accounts Business
As an inducement to buy a new piece of equipment from a supplier, manufacturers often offer “Cash Back” or “Factory Bonus” promotions where they give you cash on your purchase. A great deal, but a little tricky to record properly. This paper...
by Graham | Jan 21, 2018 | Reckon Accounts Business
In many agricultural businesses, it is common practice to send your product to market or to an agent, and later be given a RCTI detailing the income and expenditure relating to the transaction. Whether you are recording the sale of livestock, selling grain, or...
by Graham | Jan 21, 2018 | Reckon Accounts Business
In some businesses, it is practice for the purchaser of goods and services to provide the Tax Invoice rather than the usual case of the supplier of the goods doing this (RCTIs). Some examples of this are: Purchasers of Rural Produce such as a stock agent;...
by Graham | Jan 21, 2018 | Reckon Accounts Business
Unfortunately in business, you will sometimes get a Debt that will need to be written off as a Bad Debt. This paper shows the correct way of handling this in QuickBooks. The procedure can also be used for making minor adjustments against Customer Accounts. Download...
by Graham | Jan 21, 2018 | Reckon Accounts Business
In business, it is often necessary or desirable to track quantities of items purchased. This is mostly done for items that are purchased for resale, but it can also be used for tracking items that are used internally by the business or are used as a component for...
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