Quickbooks Online in Singapore
Quickbooks online is one of the most popular cloud accounting software in Singapore. It has great user interface and competitive subscription prices for businesses especially for start-ups. Let us take a closer look at Quickbooks Accounting Software.
Dashboard of Quickbooks Online Accounting Software
Similar to Wave Accounting Software, the expenses are shown by a ring or pie chart with different expense classification. The dashboard may not be as informative as that of Wave Accounting because it is designed to avoid too much information at one go but encourage you to click and drill in to extract more information.
On the right hand side, you will see a list of chronological events or audit trail of the past activities in your accounts. This includes activities like issuing of invoices, receiving payments, etc.
For sales invoices, you can select one of the templates offered by Quickbooks Online Accounting Software. The Colour and Logo of the company can be customized. You can also add notes and footer to the invoices. Quickbooks allows more customization for invoices than Wave Accounting Software. For example, you can select the template which is “Window Envelope Compatible” or show “Billable Hours and Rate” of employee in relation to the invoice.
Recurring invoices can be easily duplicated from the original invoice and scheduling of recurring invoices can be easily performed. Mobile apps allow you to send your fee estimates and invoices directly from your mobile devices.
We find Quickbooks' bank reconciliation easy to understand. Take a look at this video which shows how bank reconciliation is done in Quickbooks. Basically they concentrate on checking the payment presented in the bank account and checking the deposit shown on the bank.
Receipts Upload for expenses
You can take a photo of your receipts with the phone’s mobile apps and upload into Quickbooks Online. However, you have to enter most of the details as there is no optical recognition ability like Wave Accounting (Please note that information on this is valid as at December 2017).
Future Collaboration with Bank
As at December 2017, Quickbooks has not integrated with the bank to allow automatic feeding of bank information into Quickbooks. It may still be at the testing phase of integration with banks. Hopefully we can see the integration in year 2018. On the other hand, Xero Accounting Software has already integrated with the bank such that bank information will be fed to Xero.
Sign Up Quickbooks Online with Us
When you sign up Quickbooks Online with us, we can assist you with the setting up at special rates. In addition, you are allow to purchase our package of accounting service, corporate secretarial service and tax service at preferential rates if you are a new start-up.
It is our objective to assist you in registering a new company or business as smoothly as possible. In addition to registration, we provide other services like setting up your accounting system and software, filing your taxes, etc.