Category Archives: MoneyWorks

MoneyWorks updates 9.1

Cognito has released the MoneyWorks updates version 9.1

This update resolved some of the issues and added a few new features, such as a date picker allowing the user to pick the date from a pop-up calendar and supporting batch/serial number tracking when building a product.

Build assembly item

Visit the Cognito website to view the change history.

Reinstall MoneyWorks accounting software

Besides using it as a test drive, the trial version can also use to reinstall MoneyWorks when changing new hardware.

Select the appropriate platform (Windows or macOS) and the version you wish to reinstall from the download dropdown list when filling up the request form. You will then receive an email with the download link requested.

Download MoneyWorks Accounting Software
Download MoneyWorks Accounting Software

Enter your license key if reinstalling your Express or Gold version; it does not require a license key to connect to your MoneyWorks Datacentre or access the company file in the MoneyWorks Now cloud server as a client.

Useful information:

Submit GST Form 5 to IRAS from the MoneyWorks accounting system digitally

Connect to IRAS is a new feature to allow the accountant to submit the GST from the MoneyWorks accounting system digitally. It is part of the IRAS Road Map 2.0 compliance.

You will still be doing the usual GST processes (i.e. print and check the GST reports and finalise the GST).

But, instead of logging into the IRAS tax portal to submit the GST manually, you can submit it via the Connect to IRAS feature.

How does it work?

From the Command menu, click the Connect to IRAS, and MoneyWorks will pull the finalised GST data into Form 5. Then, you check the data, update the statistical information such as Revenue (which you can pick up from the income statement), and click the submit button to connect to the IRAS web portal. You will be prompt to log in with your Singpass as part of the security measure. That’s it. You will get an acknowledgement once data has successfully transferred.

Submit GST Form 5 to IRAS from the MoneyWorks accounting system digitally
IRAS Connect

Connect to IRAS is a new feature for Singapore MoneyWorks users. It helps eliminate errors in manual entry of GST form 5 in the IRAS tax portal, another step towards digital transformation and improving productivity.

Download a trial to test drive Moneyworks or book a demo to find out more.