Software: MoneyWorks Gold / DataCentre with Multilocation plugin   To use multilocation plugin, first you must create a dummy creditor name say “STOCKXFER” (or any other name you prefer) to use as a creditor purely for transfer of stock. Since there isn’t any tax involved in this internal transfer of stock, you should set the […]

Software: MoneyWorks Gold / DataCentre with Multilocation plugin   Multi-location is an add-on solution (a plugin) provided by Cognito. This plugin allows user to handle their inventory in more than one location. The benefits of this plugin are: Individual stock counts and valuations by location: Provides a simple mechanism for handling different warehouses or consignment […]

Software: MoneyWorks DataCentre   When you purchase a MoneyWorks DataCentre (standard pack), it comes with one full Gold license and two DataCentre Client licenses, giving you 3 concurrent users. In your company, if you have an Accountant who needs to have a full control of creating new file and managing the MoneyWorks Document (company file), […]

MoneyWorks Gold & MoneyWorks DataCentre are now IRAS E-Tax Guide Compliant         Infocomm@SME Accounting Software Assistance Scheme Available* Please contact Solarsys Microsystems at +65 6336 0300 for more detail.   *Subject to approval  

Software: MoneyWorks   05 Jan 2011, you purchased 5 pcs of stock item P101 @ $233.64 ea (total $1,168.20) 10 Jan 2011, you purchased another 10 pcs of stock item P101 @ $214.95 ea (total $2,149.50) 15 Jan 2011, you sold a pcs of stock item P101 @ $350.00 ea When you did an Account […]

Software: MoneyWorks   Your staff purchased some stock item on behalf of the company. How are you going to record this transaction in MoneyWorks? You cannot simply pass a Journal as this involved stock item and accounts payable (amount owing to staff). You can consider using either Payment transaction method or Purchase Invoice method. I […]