Category Archives: MoneyWorks

0-day payment term

Software: MoneyWorks accounting software

When you set the payment term for a customer as ‘0’ (zero) day in the Debtor control, it will print on the invoice as ‘0’ day as default if the Term field has added to the form template. The Invoice due date is calculated based on the value set in the Term field of the name profile, therefore only numeric is acceptable. For example, when you issued an invoice dated as 1st January and the Term set is ‘Within Days 30’, the due date of the invoice will be 31st January.

Although you cannot change the field setting, you can modify the print. An ‘if()’ function can be added to the invoice template if you prefer to name the payment term as instant, immediate, C.0.D. (Cash on Delivery), etc. instead of ‘0-days’ when printed.

Let’s say you prefer ‘immediate’ than 0-day, then add an if() into the payment term field from the form designer:

if (Name.DebtorTerms = “0”, “Immediate”, Name.DebtorTerms + ” Days”)

Payment Term

The above will tell MoneyWorks to print the term as ‘immediate’ if the term set in the name profile is ‘0’, or else print as the value set in the term field and add the text ‘ Days” behind it. In short, MoneyWorks will print as ‘immediate’ if the term is ‘0’ and ’30 Days” if the term is 30.

There are sample forms available which you can use or amend to suit your business. You can also create a new one from the File menu. Refer to the Forms Designer chapter on MoneyWorks User Guide to learn more about form design or get a Consultant to design a form for you.

 

 

An accounting software with batch and expiry date tracking

Software: MoneyWorks accounting software

You will want to sell off those products which have an earlier expiry date or belong to an early batch if you are in a food-related or medical-related business. Hence, indicate the batch number in Sales Invoice or Pick List is important to you.

MoneyWorks accounting software version 8 comes with the batch number and expiry date tracking feature which helps to track the batch number of the product in invoices and stock on hand. This feature can be turned on from the Document Preferences (under the Data Entry tab of the Edit menu) and then set those products that require tracking the batch or expiry date individually. Once the tracking has turned on, you can enter the batch number and expiry date of the product in the purchase invoice and select the relevant batch when creating a sales invoice.

Batch number preferences

You can also consider using batch number tracking if you are in renovation material business such as supplying of the curtain, tiles, carpet, etc. Although the tiles from different batches have a similar pattern and color, the tone may vary. Using tiles from a different batch side by side in the same room may look odd.

Batch number on invoices

Batch tracking is useful, download a trial version now to test it out or sign up a demo* here. Alternatively, you may discuss with a MoneyWorks consultant on implementing MoneyWorks for your business.

Besides supporting Windows and macOS, MoneyWorks can also install on a private Cloud Server which you can share data across different offices.

 

*The demo is available in Singapore only.

 

MoneyWorks on macOS High Sierra

You should upgrade to MoneyWorks accounting software version 8, if you are still using version 7 or earlier, before upgrading your Mac to the latest macOS High Sierra.

MoneyWorks 7 or earlier version does not support APFS-formatted drive. You may have an issue accessing the data if you have upgraded the macOS before upgrading MoneyWorks.

Visit Cognito (developer) website to find out more detail on macOS High Sierra compatibility.