Software: MoneyWorks accounting software How to show the total number quantity sold in the Sales Invoice form? Some trader may prefer to sum up the quantities sold in the Sales Invoice or Delivery Order form (usually at the footer of the Sales Invoice form). This is to ease the warehouse staff in the delivery or […]

Software: MoneyWorks accounting software MoneyWorks is accounting software. It does not have a built in Fixed Asset module, which tracks the purchase and allocation of asset, neither it has a depreciation calculator that tracks the monthly or yearly depreciation of its useful life. The workaround method that you may consider using to track the purchases […]

Software: MoneyWorks accounting software The payment term of the debtor is set in the “Pricing & Terms” tab of the Name profile. You can select either “Next Month” or “Within Days” from the Terms drop down list at the Debtor Control section. Next, enter the number of days in the field box provided next to […]

Software: MoneyWorks accounting software You bought a Computer, $1,800.00 before GST, for the company from a retail store with your credit card. How are you going to record this amount owing to you and the fixed asset in your MoneyWorks accounting software? The Credit Card account. You need to add a new Bank account type […]

Software: MoneyWorks accounting software The MoneyWorks accounting software doesn’t have a Payroll module built in. To record the Salary payment to your staff you may consider using the Payment transaction. Assuming you have an employee with a salary of $2,000.00, the CPF employee is at 20% and CPF employer is at 17%. On top of […]

Software: MoneyWorks accounting software There are two methods of computing the GST amount. GST can be computed in either Line Item method or a Subtotal method. Line Item method is to compute the GST amount on every line item and sum up the GST amount at the end of the Sales Invoice in the Total […]