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EH Lim
May 17, 20212 min read
New release! MoneyWorks version 9
A Search function in the report preview and Fixed Assets module is among the new enhancement of MoneyWorks accounting software version 9.
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EH Lim
May 5, 20212 min read
Manage non-profit organisation's programs with the Job feature
You can use the job feature in MoneyWorks accounting system to track the projects and programs for the non-profit organisation.
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EH Lim
Apr 21, 20212 min read
Itemised discount vs a Lump sum discount
MoneyWorks accounting software's product analysis does not include the discount on the product itself.
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EH Lim
Apr 13, 20212 min read
How to record a credit note?
MoneyWorks uses the reverse sales invoice (negative invoice) method to record a credit note.
103 views0 comments
EH Lim
Mar 30, 20211 min read
GST on imported goods
The Customs (or the forwarder may pay on your half) will impose the GST on the imported goods when goods arrived in Singapore.
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EH Lim
Feb 26, 20211 min read
Error correction
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
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EH Lim
Feb 2, 20211 min read
Cancel Transaction
Posting is a fraud control feature in MoneyWorks to prevent editing once the account has finalised. You cannot modify once posted...
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EH Lim
Jan 11, 20211 min read
New year, new sequence number!
The invoice reference number is auto-generated if you are using a computerised accounting system.
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EH Lim
Jan 4, 20211 min read
Happy new year!
New year, new start, new plan.
It is time to set a budget for 2021; project growth and monitor the spending for a better year...
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EH Lim
Dec 11, 20201 min read
MoneyWorks 8.2.5 update
Cognito has released MoneyWorks 8.2.5 update, fixed some bugs found in running MoneyWorks on the new macOS Big Sur. Please refer to the...
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EH Lim
Sep 29, 20201 min read
How to use the contra feature in MoneyWorks accounting system?
A contra, in MoneyWorks accounting system, is to knock off the credit note of the same customer or supplier with their invoice.
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EH Lim
Sep 24, 20201 min read
Work with lists
MoneyWorks accounting system uses lists to present the information. Simple and easy.
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EH Lim
Sep 18, 20202 min read
Shall I set up the inter-company receivable as an account receivable type?
Renamed the accounts receivable to trade debtors (or trade receivable) if you prefer to separate trade from non-trade...
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EH Lim
Sep 2, 20202 min read
POS receipt
MoneyWorks is not a POS, but that doesn't stop the user from using the receipt feature, occasionally, recording cash sales transaction.
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EH Lim
Sep 1, 20201 min read
Offset a foreign currency credit note with a local currency invoice
If both invoice and credit note is in a different currency, then have to consider using a contra account to clear them instead.
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EH Lim
Aug 26, 20202 min read
Journals
The computerised accounting system has eliminated most of the tedious double-entry work.
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EH Lim
Aug 20, 20202 min read
Sequential number
Sequential number (a.k.a reference number or document number) is a number on each accounting transaction. It has to be unique.
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EH Lim
Aug 18, 20201 min read
Importing quotes and orders into MoneyWorks
The data has to be in rows and columns (like CSV), usually exported from a quotation or a CRM system, to import into an accounting system.
77 views0 comments
EH Lim
Aug 14, 20202 min read
Go Digital
Coronavirus pandemic has sent a shockwave to small businesses. It changes how we used to work.
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