Software: MoneyWorks #accounting software In a multiple currencies environment, every name (customer or supplier) has tagged a currency. For example, if you trade with the customer in US Dollars, you tagged US Dollars currency to the name (under the Pricing & Terms tab) and the US Dollars Accounts Receivable account will automatically insert into the […]

Software: MoneyWorks #accounting software The MoneyWorks Datacentre Console has to install in a Server (or a Workstation which act as a Sever) and host the MoneyWorks company file. The MoneyWorks Gold or MoneyWorks Datacentre Client, which installed in a Desktop Computer or a Notebook Computer, connects to the MoneyWorks Datacentre. If the MoneyWorks Client is […]

Software: MoneyWorks #accounting software The default invoice template from the MoneyWorks accounting software is set to have a bottom alignment for the Price (unit price) and the Extension field. You need to amend the template if you prefer to have the Price and the Extension having a same top alignment as the Quantity, Item Code, […]

Software: MoneyWorks #accounting software A supplier may request a deposit or an advance payment when you place an order if you do not have a credit payment term arranged. The accounting entries get complicated when the transaction is in a foreign currency. The accounts such as the Bank, Accounts Receivable and Accounts Payable can be in […]

Software: MoneyWorks #accounting software In the MoneyWorks general ledger, a foreign currency account is represented as two separate amounts: the value in the foreign currency, and the value of the difference between that currency and the base currency. The difference is stored in a (normally hidden) account called a “delta account”, so that the following […]

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 version 7 User Guide page 10, Period. A Financial Year normally has 12 financial periods and […]