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Posted by
25/02/2010
11:31

Bank Reconciliation

I updated from previous Induit Quick Book 2006 to later Quick Books 2008 Premier Edition.

The 2008 Premier Edition had problemsand needs to look into :-

1. I send a An Accountantant's copy to our auditors to finalise last year end accounts to be submitted to HM Revenue & Customs.

To my surprise the programme blocked me to recocile current Bank transactions .

The Accountant takes their time to finalise accounts and till then we stuck unable to reconcile Bank Accounts.

Secondly, on posting bills/Supplier's invoices you got to enter Gross amount. VAT is automatically calculated. NO nett amount is shown, so you don't actuall know upon what net amount VAT is calculated.

Thirdly their support centre is in India. Though they actually are very helpful, they at times fail to satisfy your need due to defaults in Quick Books 2008 Premier series.

Quibk Books boast that they are the best, but they still need to pull up their socks.

Thanks

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