EH Lim
The Salesperson
A salesperson is a representative of a company selling goods and services to the other parties (the client). Often, we measure the...
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EH Lim
Jan 10, 20171 min read
Multiple locations plug-in for MoneyWorks accounting software
You can transfer and track the stock of each store with the Multiple Locations plug-in for MoneyWorks accounting software.
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EH Lim
Dec 21, 20161 min read
Financial year-end closing
Financial Year (aka Fiscal Year) consist of financial periods used to calculate annual income statement for businesses. If you are...
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EH Lim
Dec 19, 20161 min read
Discountable
Turned off the Discountable option in an account if you do not want an invoice line coded with the account to be eligible for prompt...
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EH Lim
Nov 28, 20161 min read
The Fixed Assets
When purchasing an asset in foreign currency, you need not convert manually into a home currency value before recording it into the...
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EH Lim
Nov 9, 20161 min read
Accounting Journals
How to print a journal transaction from MoneyWorks accounting software? You cannot find the print icon in the Journal transaction as the...
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EH Lim
Nov 4, 20161 min read
MoneyWorks accounting software update v7.3.8
MoneyWorks update v7.3.8 is now available. This update is about bug fixes and improvements, click here to view the change history....
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EH Lim
Oct 26, 20161 min read
Posting transactions
When a transaction posted, it updates the relevant accounts such as receivable and payable, stock on hand and prevents others from...
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EH Lim
Oct 21, 20161 min read
Show full names in MoneyWorks report
The analysis reports such as "Customer by Item" and "Customer Sales by Month" allow the user to print with "full name". For example, if...
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EH Lim
Oct 18, 20161 min read
Cancel Transaction or Write Off
Both "Cancel Transaction" and "Write Off" of an invoice generates a Credit Note to knock off an amount owing. So, what's the different...
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EH Lim
Oct 11, 20161 min read
Others Name Type
What’s in a Name? A name record stores contact and address information about customers and suppliers, as well as other people or...
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EH Lim
Oct 6, 20161 min read
GST-inclusive prices
The default setting of an item's unit price in MoneyWorks is Tax-exclusive. For example, if $100 is the unit price, the tax will be $7...
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EH Lim
Sep 29, 20161 min read
Show Tax column in invoice transaction
By default, MoneyWorks does not show the tax column in transactions windows such as Sales Invoice and Purchase Invoice. When recording a...
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EH Lim
Sep 22, 20161 min read
Detail.Tax or Transaction.TaxAmount?
To show the GST amount of each item sold in the invoice, you need to add a column into the template with the GST amount field. You should...
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EH Lim
Sep 19, 20163 min read
Reverse backdated exchange rate change
You can have foreign currency set in accounts such as the bank, accounts receivable and accounts payable. When there is a rate change,...
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EH Lim
Sep 6, 20161 min read
Bank Reconciliation
Bank Reconciliation is a process of matching the transactions and balances in the ledger against the Bank Statement and ensure...
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EH Lim
Sep 2, 20161 min read
Only base currency accounts are allowed
You get an error message of "Only base currency accounts are allowed" when you tried to record a payment transaction from a bank account...
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EH Lim
Aug 31, 20162 min read
Composite Tax
The three Tax Types available in MoneyWorks are G.S.T. or V.A.T., Sales Tax and Composite Tax. Different country has a different tax...
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EH Lim
Aug 23, 20161 min read
Relookup Item Price when transaction recurs
The recurring transaction helps automate the data entry. For example, you may have monthly recurring general journals such as...
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EH Lim
Aug 18, 20161 min read
Moving your MoneyWorks to a new Computer
When changing a new hardware, you are required to install MoneyWorks on the new computer and activate it. Then, move the company file(s)...
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