For example, say I receive $2000 a month from my provincial pension and $600 from CPP; according to retired friends, once Iâm 65, the provincial pension will be dropped to $1400 a month and I will receive $600 from CPP â essentially, a big drop in income regardless of which cheque is affected.
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud based versions[2] that accept business payments, manage and pay bills, and payroll functions.
In QuickBooks Enterprise is a feature that will allow the automatic update of cost and price information within the software. The above screenshot shows the preference for Automatic Cost & Price Updates. These settings affect the Cost field in an item setup window. This is not the QuickBooks calculated cost, but the Cost field that is set by the user. Although the QuickBooks calculated cost (Average or FIFO if it is selected with Advanced Inventory) is used in accounting computations, the user edited Cost field is used in cost and price calculations.