Software: MoneyWorks accounting software A Validity Date of Quote helps protect the buyer and seller; the price quoted is being locked within an “x” number of days from the quote date. The Due Date in a Quote can be used as a Validity Date. You may add the Due Date field (Transaction.DueDate) by inserting a […]

Software: MoneyWorks accounting software‬ ‬ Here is a post from the MoneyWorks forum on things you should be doing in MoneyWorks at the end of the financial year.‬ ‬ ‬If you are using stock/inventory, the one thing you should remember to do at the end of business on the last day of the year is […]

Software: MoneyWorks accounting software It’s classified as a non-inventoried item if “We stock it and treat inventory as asset” checkbox of an item is not checked. Instead of debiting the Inventory Asset account, the Cost of Goods Sold account will be realised when the purchase invoice is recorded into the MoneyWorks accounting software. Besides, the […]

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 When a product code changed, instead of creating a new product code and transfer the stock on hand and value from the old product code to the new product code, you can amend the existing product code and alter the existing transactions (both posted and unposted transactions) to a newer code. […]

Software: MoneyWorks accounting software Most of the Chinese owned company gives “Ang Bao” (red packet) to staffs during Chinese New Year, especially on the first day they resume business after the long Chinese New Year break. Giving “Ang Bao” to staff is a local custom, which most Chinese bosses still practise (as a form of […]