When crossing over to a new accounting software, often you will crossover after you have closed up the existing book. That is, to start using the new company file or accounting software in the new financial year. Assume that your financial year (fiscal year) is from January to December (that is, the closing date will […]

Software: QuickBooks accounting software 2015 What’s new? Comment on Report. I like the new Comment on Report feature in QuickBooks 2015 Desktop version. After reviewing the reports, the accountant may have a query which they need  to discuss with the business owner. Instead writing it down in the note book (be it paper or digital form) […]

Software: MoneyWorks accounting software In our earlier post, we discussed about how to record the outstanding sales invoices. Besides the outstanding sales invoices you are required to record the outstanding purchase invoice (bills) too when crossing over from the existing accounting software or manual system to the MoneyWorks accounting software. Under the “Setting up” navigator […]

During implementation, I do see duplicated transactions being recorded in the accounting software. Most of the accounting software will prompt user whenever you try to record a duplicated transaction; either duplicated invoice, bill or the cheque number. However, when you are “busy” or try to “multi-task”, you may simply slip your mind and ignore the […]

Software: MoneyWorks #accounting software A new GST Form 5, v1.0.9, was included in the MoneyWorks accounting software update (v7.1.7). The new GST Form 5 includes the realised exchange gain/loss (exempt supplies) in the Box 3 of the GST Form 5. Ask IRAS: Q: Must I report exchange gains/losses in the GST return? A: Yes, You […]

MoneyWorks accounting software version 7.1.8 update is now available. Please view the change history here.   #accountingsoftware