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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 12, 20161 min read
Selamat Hari Raya Haji
Wishing all a happy holiday #greeting
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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...
61 views0 comments
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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EH Lim
Aug 16, 20161 min read
Server is busy
Error message: Server is busy Another user (username) is performing an exclusive database operation (Add Transaction). Click OK to retry...
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EH Lim
Aug 12, 20161 min read
Register your MoneyWorks accounting software
You should. It is important that you register your copy of MoneyWorks accounting software. Besides claiming ownership of the licence...
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EH Lim
Aug 11, 20161 min read
Product
What is a product? In MoneyWorks, a product is an item which you buy from the seller and resell it to your customer. If you stock it, it...
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EH Lim
Aug 9, 20161 min read
Happy Birthday Singapore
Wishing all a happy holiday! Click here to watch the National Day Parade 2016. #greeting #NDP
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EH Lim
Aug 2, 20161 min read
Backup
BACKUP! BACKUP! How many users backup their databases daily? Backup is an important task, which user should do it daily, but often been...
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EH Lim
Aug 1, 20162 min read
Same customer with multiple currencies
In a multiple currencies environment, every name (customer or supplier) has tagged a currency. For example, if you trade with the...
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EH Lim
Jul 22, 20161 min read
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...
375 views0 comments
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
Jul 7, 20162 min read
Managing the financial period
The year is broken into periods. You normally have 12 periods in your financial year, each one corresponding to a calendar month. However...
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EH Lim
Jul 6, 20161 min read
Selamat Hari Raya
Wishing all a happy holiday #accountingsoftwareSingapore #Malaysia #Singapore
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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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