When purchasing an asset in foreign currency, you need not convert manually into a home currency value before recording it into the MoneyWorks accounting software.

Software: MoneyWorks #accounting software When a transaction posted, it updates the relevant accounts such as receivable and payable, stock on hand and prevents others from modifying the accounting entry. A posted invoice will show in the “Payment on Invoices” list of a Receipts or Payment transaction, which allows the user to knock off against the […]

Sofware: MoneyWorks #accounting software MoneyWorks Datacentre does auto backup the company file (data file). The backup and archive path are both set in the MoneyWorks Datacentre Console. The backup and archive path, by default, are set to point to local drive. You need to set the MoneyWorks Datacentre as a user who has the privileges […]

Software: MoneyWorks #accounting software A Trade Discount is a discount given at the point of purchase. It reduces the list price as to encourage bulk purchase. In MoneyWorks, the Discount field is next to the Unit of Measure (UOM) field of a Sales Invoice. You enter a discount percentage in the Discount field whenever you […]

Software: MoneyWorks accounting software The year is broken into periods. You normally have 12 periods in your financial year, each one corresponding to a calendar month. However MoneyWorks lets you have anywhere from two to fifteen periods. MoneyWorks Manual, Page 10 — Periods If your financial year starts from January and ends in December, based […]

Software: MoneyWorks accounting software In our earlier post we discussed about using a Transaction User field as a “Ship Via” field to record the goods transported via a Sea Freight, Air Freight, Courier, or Self-collection. To ease in data entry, a Custom Validation list can be added to the transaction field to serve as a […]