Software: MoneyWorks #accounting software In our earlier post, we discussed about how to record the outstanding sales invoices. If you have a Debtor’s Credit Note outstanding as of the crossover date, you need to record it into the MoneyWorks accounting software too. Create the Sales Invoice as per normal, that is, using the Setup account […]

Software: MoneyWorks accounting software When crossing over from the existing accounting software to MoneyWorks accounting software, you need to record all the outstanding sales invoices. Some user may record as a lump sum (total amount owing) owe by the customer in one single entry, while some user may prefer to record as an individual sales […]

Software: Quickbooks accounting software When you remit payment to supplier often there is a bank charge associated with the fund transfer. We usually record it as a separate transaction. That is, record a bill payment in Quickbooks for the amount owing (assume that we made a payment of $10,0000). Then, using a write cheque transaction […]

Software: MoneyWorks #accounting software Singapore When print the GST report, by default, the “Show Transactions” checkbox in the print setting preferences has already been checked. This allows user to view the transaction reference number such as an invoice or bill reference number in the GST report. However, if you need to have more information such […]

Software: MoneyWorks accounting software Singapore When printing the GST report for the last quarter, which exchange rate will the MoneyWorks accounting software be used? Transaction exchange rate? Month end closing rate? Current month exchange rate? Assume that you had a sales transaction dated on 10 August 2014 for the amount of US10,000 at the exchange […]

Software: MoneyWorks accounting software Stock profile: When record a purchase invoice with the stock item A1001, the Stock On Hand account is debited and the Accounts Payable account is being credited. The Cost of goods sold account will not be updated until item A1001 has sold. That is, when you create a Sales Invoice for the […]