MoneyWorks 7.1.6 update is now available. Note: due to changes in the network protocol, MoneyWorks Gold 7.1.6 will not log in to an older server. Be sure to update servers first. Please view the change history here: http://cognito.co.nz/resources/change-history-for-7-1-6/    

 . . . QuickBooks Desktop 2015 … coming soon! . . . . #QuickBooks #accounting software #Singapore

Software: MoneyWorks accounting software Singapore When you have multiple bank accounts and like to set a default bank account at the payment or the receipt transaction, you may do so by select the relevant bank account in the transaction and click the “Pin” icon beside it to set it as a default bank account.

Software: MoneyWorks accounting software Assume your client confirmed a project with you and agree to pay a nonrefundable deposit of $10,000. The deposit will be used as a part payment or forfeited if the project cancelled. From IRAS (http://iras.gov.sg): Q: Do I need to charge GST on deposit received from customers? A: If a deposit […]

Software: QBO (QuickBooks Online) Singapore Delayed Charge is a non-posting transaction. It is a future revenue (Similar to the Sales Order of the QuickBooks Desktop) which you recorded in QBO, some user may consider that as a sales confirmation. For example, your customer may confirm to purchase a machine from you, but due to delays […]

Doubtful Debts are debts which are unlikely to be recovered due to dispute over supply. To avoid overstating the assets (Accounts Receivable), a portion of the receivable is set aside as a doubtful debts allowance. When debts are unrecoverable, debts turn bad — bad debts. In provision method, it is common to provide 3% to […]