Stocktake is part of the financial year-end closing. Start the stocktake process before your long holiday break. Happy new year!

Once the maximum number of periods has reached, close some of the older periods to open up a new period in MoneyWorks accounting system.

Besides bug fixes and improvements, Cognito added a new Profit and Loss by Date Range report into the MoneyWorks accounting system.

Product costing gets complicated when involving landing costs.

Besides bug fixes and performance improvement, the import bank statement feature in MoneyWorks now supports the CSV format.

The payment status of an invoice, find the related payment or a historical payment listing; MoneyWorks has features that an accountant needs

Now, you can have an option to set the GST rounding to follow the Banker's rounding method or round up to the nearest half cents.

Insert line item anywhere in the MoneyWorks accounting software's transaction by press down the Shift key + clicking on the Add Line button.

A Search function in the report preview and Fixed Assets module is among the new enhancement of MoneyWorks accounting software version 9.

You can use the job feature in MoneyWorks accounting system to track the projects and programs for the non-profit organisation.

MoneyWorks accounting software's product analysis does not include the discount on the product itself.

MoneyWorks uses the reverse sales invoice (negative invoice) method to record a credit note.

The Customs (or the forwarder may pay on your half) will impose the GST on the imported goods when goods arrived in Singapore.

It does not delete when you cancel a transaction; instead, it creates a reverse entry to correct it and forms an audit trail for the account

A contra, in MoneyWorks accounting system, is to knock off the credit note of the same customer or supplier with their invoice.

Renamed the accounts receivable to trade debtors (or trade receivable) if you prefer to separate trade from non-trade...

MoneyWorks is not a POS, but that doesn't stop the user from using the receipt feature, occasionally, recording cash sales transaction.

If both invoice and credit note is in a different currency, then have to consider using a contra account to clear them instead.

The computerised accounting system has eliminated most of the tedious double-entry work.

Sequential number (a.k.a reference number or document number) is a number on each accounting transaction. It has to be unique.