Software: Intuit #QuickBooks #accounting software A Quotation (Estimate) is a document sent by the seller to a potential buyer, which states the cost of goods and services the seller has committed. A Quote is a non-posting transaction, which will not be included in the receivable nor deduct the inventory on hand from the item list. […]

Software: MoneyWorks #accounting software The MoneyWorks Datacentre Console has to install in a Server (or a Workstation which act as a Sever) and host the MoneyWorks company file. The MoneyWorks Gold or MoneyWorks Datacentre Client, which installed in a Desktop Computer or a Notebook Computer, connects to the MoneyWorks Datacentre. If the MoneyWorks Client is […]

Software: Intuit #QuickBooks #accounting software QuickBooks company file is a database, which keeps all the financial records such as customer and supplier profile, invoices, bills, payment, receipt, journals, etc. A database is like a motor vehicle, which you have to “service” it regularly to ensure it is in good condition. It could be due to […]

Software: MoneyWorks #accounting software The default invoice template from the MoneyWorks accounting software is set to have a bottom alignment for the Price (unit price) and the Extension field. You need to amend the template if you prefer to have the Price and the Extension having a same top alignment as the Quantity, Item Code, […]

Software: Intuit #QuickBooks #accounting software Businesses, especially when launching a new product, may give away product sample as a form of marketing. Although you are not selling a product, to correctly capture the cost of goods sold and the inventory on hand, a sales invoice transaction is used to record the delivery of the product […]

Software: MoneyWorks #accounting software A supplier may request a deposit or an advance payment when you place an order if you do not have a credit payment term arranged. The accounting entries get complicated when the transaction is in a foreign currency. The accounts such as the Bank, Accounts Receivable and Accounts Payable can be in […]