MoneyWorks accounting software version 8.1.4 introduced features, bug fixed, improve performance, and update of the Singapore Customer Accounting reports and default tax code.

Happy Birthday Singapore!

You can use the overpayment method in MoneyWorks accounting system to record the advances paid to the supplier if you are not using the purchase order system.

The default sales invoice template in MoneyWorks accounting software has the built-in formula which prints the transaction gross with a currency code in front.

MoneyWorks accounting system has a receive deposit for order feature built-in the orders systems (on both Sales Order and Purchase Order system); you have an option to process a receipt from the Sales Order system when a deposit has collected, or a payment transaction once a deposit has paid for the purchase order.

You are supposed to tag RCM GST code to the exchange gain/loss account once the multiple currencies feature has turned on, it helps to segregate exchange gains and loses and record the absolute value to the Box 3 (Total value of exempt supplies) of the GST Form 5 report.