EH Lim
Unrecoverable Error: Network Receive Error (-1)
The MoneyWorks Datacentre Console has to install in a Server (or a Workstation which act as a Sever) and host the MoneyWorks company...
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EH Lim
Jul 20, 20161 min read
Word Wrap
The default invoice template from the MoneyWorks accounting software is set to have a bottom alignment for the Price (unit price) and the...
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EH Lim
Jul 18, 20162 min read
Advance payment to a supplier in foreign currency
A supplier may request a deposit or an advance payment when you place an order if you do not have a credit payment term arranged. The...
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EH Lim
Jul 12, 20161 min read
The Delta account (AccountCode-~~DEL)
In the MoneyWorks general ledger, a foreign currency account is represented as two separate amounts: the value in the foreign currency,...
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EH Lim
Jun 30, 20161 min read
The double entry of a transaction
The double entry accounting consists of a debit and a credit entry. The Bookkeeper has to pass the journals and updates the ledger, which...
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EH Lim
Jun 28, 20161 min read
Prompt Payment Discount (Sales Discount)
A Sales Discount (or Cash Discount) is a discount given at the point of payment. It encourages prompt payment and helps in cash flow...
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EH Lim
Jun 20, 20161 min read
Pro Forma Invoice (Proforma Invoice)
What is a Pro Forma Invoice? A Pro Forma Invoice is not a "real invoice". It is a document states the goods or services, which you yet...
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EH Lim
Jun 17, 20161 min read
Use an assembly item to bundle products
Often, the retailer creates a bundle to encourage sales, especially toward the end of the school holiday, The Great Singapore Sales or...
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EH Lim
Jun 13, 20162 min read
Departmental Profit and Loss Report
A department is basically a further level of breakdown in an account (in accounting parlance, a department is a subledger). Departments...
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EH Lim
Jun 7, 20162 min read
Quantity price breaks on additional units only
We discussed how to use the "Quantity Price Break" in our earlier post, showing you how to set up the item with up to five levels of...
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EH Lim
Jun 1, 20161 min read
What causes a large PDF file size?
A large Portable Document Format (PDF) size of a Sales Invoice or Purchase Order form could be due to the embedded images such as the...
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EH Lim
May 30, 20161 min read
How to print a payment voucher from MoneyWorks accounting software?
Open the payment transaction, click the Print icon and follow by the OK button, to print a payment voucher. The payment voucher is using...
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EH Lim
May 27, 20161 min read
Set up the quantity price break for the product items in MoneyWorks accounting software
Quantity Price Breaks The A and B price levels can also have up to five different price levels dependent upon the quantity purchased....
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EH Lim
May 23, 20162 min read
How does the auto backup work in MoneyWorks accounting software?
MoneyWorks Datacentre does auto backup the company file (data file). The backup and archive path are both set in the MoneyWorks...
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EH Lim
May 20, 20162 min read
How to insert the discounted amount into an invoice template of the MoneyWorks accounting software?
In our previous post, we discussed how to record a trade discount given to a customer in the MoneyWorks Sales Invoice transaction. We...
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EH Lim
May 19, 20161 min read
How to record a trade discount on MoneyWorks accounting software?
A Trade Discount is a discount given at the point of purchase. It reduces the list price as to encourage bulk purchase. In MoneyWorks,...
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EH Lim
May 16, 20162 min read
Reclassifying a foreign currency account after revaluation of currency have done in MoneyWorks accou
You recorded a foreign currency Term Deposit of US$100,000.00 with a period exchange rate of 0.72USD:1SGD. When the exchange rate has...
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EH Lim
May 10, 20161 min read
Daylite CRM integrated with the MoneyWorks accounting software
Daylite CRM runs on a Mac operating systems. It integrates with the MoneyWorks accounting software via a connector. Daylite CRM helps...
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EH Lim
May 5, 20161 min read
The Aged Receivable report in MoneyWorks accounting software
The aged receivables report (not Cashbook) provides a summary of outstanding sales invoices by age of invoice. The report can base the...
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EH Lim
May 3, 20161 min read
How to use the Account Enquiries in MoneyWorks accounting software?
Enquiries can be made about the balances in an account or a range of accounts—or the transactions in unpurged periods for an account. —...
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