Here's wishing you and your family a happy and prosperous new year!

MoneyWorks 9.1.1 release incorporated the new requirement for GST reporting

MoneyWorks updates version 9.1 Support batch/serial number tracking when building a product is one of the new features added in this update.

Besides using it as a test drive, the trial version can also use to reinstall MoneyWorks accounting software when changing new hardware.

Submit GST Form 5 to IRAS from the MoneyWorks accounting system digitally.

Update your MoneyWorks version 9 to the latest 9.0.9r2 before printing your GST Form 5 guide!

To sort two columns in the MoneyWorks accounting list: sort the minor column first and follow by the major.

The GST code used in the MoneyWorks transaction follows the GST code set in the account used.

Although the accounting system does not compute payroll, you still have to update the monthly payroll to the ledger

The new feature includes downloading the sales from Shopify, BigCommerce, and WooCommerce eCommerce store as a service for MoneyWorks

The standard rated GST set in MoneyWorks is 7%, pre-loaded when you first created the company file with localisation setup as Singapore

We wish you all a happy lunar new year! 新年快乐， 身体健康。

A credit note is for returns of goods or adjustments to past invoices. Whereas the cancel transaction for reversing a wrong entry.

Having a budget is extremely important when moving towards a new normal. It is crucial to monitor the performance in an uncertain market.

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

Merry Christmas!

Cognito has released MoneyWorks 9.0.7 update, primarily a bug fix. Visit the Cognito website for the change history in version 9.0.7.

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.