Software: MoneyWorks accounting software When creating a transaction, such as Sales Invoice or Purchase Invoice, the last day of period was wrongly stated (see below image). In the above example, when an invoice was created for the month of Jun 2011, the Period showed as “Jun:2011 ends 30/7/11” instead of “Jun:2011 ends 30/06/11”. This data […]

Software: MoneyWorks accounting software Setup account is a special account use for recording the opening balances. It is a Shareholders Fund type of account (Equity account). Setup account will be ZERO if your opening balance is setup correctly. During setting up of account in MoneyWorks, if you want to record a prepayment as of your […]

The below information is from IRAS web site: http://iras.gov.sg/irasHome/page04.aspx?id=676 For such purchases with GST, your supplier has to indicate the GST payable on the tax invoice in Singapore dollars at the approved rate of exchange determined by him. You should claim input tax on such purchases based on the Singapore dollar amounts shown in the tax invoices. This requirement […]

Software: MoneyWorks accounting software In MoneyWorks, cloning a new data file from an existing data file is easy. Open up your original data file in MoneyWorks; go to File menu and select Save a Copy As function. In the Save a Copy As wizard, select Save an Empty Clone radio button and set your Balance […]

MoneyWorks is developed by Cognito (New Zealand) and is localized for Singapore market. “MoneyWorks is compliant with IRAS e-tax guide” During setting up of Company file, once you have set your localization to Singapore [GST]; the company file, which you have created, will load with Singapore GST code. Please refer to IRAS web site (http://iras.gov.sg) […]