Rental and loan businesses or services and maintenance businesses usually required to invoice their client in advance. These businesses include property rental, equipment rental, IT service and maintenance, serviced office, etc. Following month invoice will be out and received by the client by the end of the current month to arrange payment on or before the rent period.
Read MoreYou get an error if you try running an older version of MoneyWorks on a new macOS Mojave, you should upgrade the software before upgrading the operating system.
Alternatively, you may switch to MoneyWorks Now, a cloud-based accounting system which always has the latest version without you having to worry about upgrading the computer.
Read MoreYou can create either inventory or non-inventory parts in MoneyWorks accounting system. The cost of sales of an inventory item realised when the product sold, whereas the non-inventory item realised upon purchase.
Read MoreYou can change the company address or delivery address in MoneyWorks accounting system when you have moved to a new location, or update the company logo when there is a change.
Read MoreNon-Current Liabilities are financial obligations which the repayment is not within the fiscal year. It includes long-term loan, deferred tax liabilities, the bond payable, etc. (Please check with your accountant on the account classification). Non-current liabilities are also known as Long-term liabilities or term liabilities, depending on the reporting standard which the accounting software has adopted. For example, Intuit QuickBooks accounting software uses long-term liabilities, whereas MoneyWorks uses term liabilities.
Read MoreMoneyWorks accounting system leaves an audit trail in the ledger, showing both the wrong and cancelled sales invoice contra against each other; this prevents intentional manipulation of financial data.
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