Software: Intuit QuickBooks accounting software In our earlier post, QuickBooks | Unpresented Cheque, we discussed whether to record the “GL balance” or the “actual bank balance” as the opening balance of the bank account in the QuickBooks accounting software. There are many methods to record the opening balance of the bank account in Quickbooks. When creating […]

Software: MoneyWorks accounting software The administrator can restrict access to reports and forms for particular users by a mechanism known as signing. This is controlled by the Signing and Using Unsigned Forms and Reports administration privilege…” — from the MoneyWorks User Guide, page G-222 The customized forms and reports, which you have created, are stored […]

Software: QuickBooks Desktop accounting software Accountants who are frequently using the “General Journal” function will realised that there is no short-cut icon of the “Make General Journal” function on either at the “Home” screen or at the “Icon bar”. The “Make General Journal” function can only be found at the “Company” menu | “Make General Journal Entries…” […]

Software: MoneyWorks accounting software When you make an account enquiry of the Cost of Goods Sold account, the sales invoice transaction shown up in the enquiry list. How does the sales invoice transaction relate to the cost of goods sold account? When you purchase a stock item, the double entry of the Purchase Invoice transaction […]

Software: MoneyWorks accounting software Refer to MoneyWorks User Guide, page 127. The MoneyWorks item code takes up to a maximum of 15 alphanumeric characters. No spaces are allowed in between the code. The item description (item name field) can take up to 255 characters. For those users who want to import an item list into […]

Software: MoneyWorks accounting software Heading Only. If you want the account to be primarily used as a heading in summary reports, set this option. You will not be able to directly code to these accounts, and they will be greyed out in the choices window. – Page 37 of the MoneyWorks user guide Heading Only […]