Gong Xi Fa Cai

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

Gong Xi Fa Cai

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Happy new year!

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

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MoneyWorks 9.1.1 release incorporated the new requirement for GST reporting

Besides the GST rate changed from 7 to 8% as of Jan 2023, the new MoneyWorks 9.1.1 release also incorporated the new requirement for GST reporting (please refer to the Singapore GST Changes and MoneyWorks). You may refer to Cognito’s document or a blog post from Solarsys on changing GST rates in MoneyWorks. MoneyWorks 9.1.1 […]

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Change of GST rate in QuickBooks Desktop from 7% to 8%

GST Rate Change

Although you are not getting an auto-update on the new 8% GST rate, no worries; changing the GST rate in QuickBooks Desktop is not too complicated.

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MoneyWorks updates 9.1

Cognito has released the MoneyWorks updates version 9.1

This update resolved some of the issues and added a few new features, such as a date picker allowing the user to pick the date from a pop-up calendar and supporting batch/serial number tracking when building a product…

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How to record the GST paid on your behalf by the forwarder in QuickBooks?

The non-GST registered overseas supplier will not be billing you GST for the goods imported, but you have to pay the GST directly to the Custom or the forwarder if they paid on your behalf.

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