It does not delete when you cancel a transaction; instead, it creates a reverse entry to correct it and forms an audit trail for the accountant.

Cognito has released MoneyWorks 8.2.5 update, fixed some bugs found in running MoneyWorks on the new macOS Big Sur. Please refer to the change history at Cognito website for more information. The year 2020 is coming to an end, with COVID-19 vaccine coming, hope everyone has a great Christmas break. Celebrate the holiday with a […]

A contra, in MoneyWorks accounting system, is to knock off the credit note of the same customer or supplier with their invoice.

You can sort it by clicking on the column header or search the list by entering your request into the search bar on the top right corner. That’s how MoneyWorks presented the information. Simple and easy.

Renamed the accounts receivable to trade debtors (or trade receivable) if you prefer to separate trade from non-trade. Then, add other debtors or inter-company receivable to the account list for tracking non-trade debtors or subsidiaries.

MoneyWorks is not a POS, but that doesn’t stop the user from using the receipt feature, occasionally, recording cash sales transaction (walk-in customer).