The MoneyWorks version 8.1 update is now available. Update your MoneyWorks as soon as possible as it improves the performance and bug fixes.
Click here to view the complete list of Change History.
Tag Archives: accounting software Malaysia
MoneyWorks accounting software version 8.1 update
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Posted in Accounting, Accounting Software Singapore, MoneyWorks
Tagged accounting software Hong Kong, accounting software Malaysia, Desktop accounting software, MoneyWorks accounting software, Singapore, Small Business Accounting Software, Updates
Multiple locations plug-in for MoneyWorks accounting software
Software: MoneyWorks accounting software
You can transfer and track the stock of each store with the Multiple Locations plug-in for MoneyWorks accounting software. Example, the retailer can do a store to store transfer or view the stock on hand (or stock value) of each item in each store from the item list if he/she has a few stores in the city.
MoneyWorks create a new stock code such as “StockCode/A” or “StockCode/B” to show stock in a different location. The Alpha-numeric code behind the stock code, which representing the stock location, is also recorded in the Category 4 field of the item profile. Hence, to do a stocktake of each store, you can print a stocktake list report with page break by location (Category 4).
Posted in Accounting, Accounting Software Singapore, MoneyWorks, MoneyWorks v7
Tagged accounting software Hong Kong, accounting software Malaysia, accounting software Myanmar, accounting software singapore, accounting software Taiwan, inventory, MoneyWorks accounting software, multiple locations, Stock
Financial year-end
Software: MoneyWorks accounting software
Financial Year (aka Fiscal Year) consist of financial periods used to calculate annual income statement for businesses. If you are following the Calendar month, then your financial year-end closing is December.
During financial year-end closing, besides preparing the accounting schedules and post all transactions, you have to do a stocktake, bank reconciliation and set a closing exchange rate.
Do a backup before you start a stocktake process from the command menu of the MoneyWorks accounting software. You have to do the stocktake process before your new financial year. Once the stock count has entered, complete the stocktaking process by activating the Finish Stocktake from the Command menu (ensure dated as the start stocktaking date). Then, print the Stock Valuation Report (usually I will keep a PDF copy as well) and backup your company file.
You should reconcile your banks that are in foreign currency before set the exchange rate for the year-end closing. Once you entered the exchange rate, MoneyWorks will automatically generate unrealised exchange gain/loss journal to adjust the banks, accounts receivable and accounts payable which are in foreign currency.
Backup and lock the period once you have completed the financial year-end closing to prevent other users from recording transaction into the wrong period.
Merry Christmas!
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Posted in Accounting, Accounting Software Singapore, MoneyWorks, MoneyWorks v7
Tagged accounting software Hong Kong, accounting software Malaysia, accounting software Myanmar, accounting software singapore, accounting software Taiwan, mac accounting software, MoneyWorks Malaysia, MoneyWorks Myanmar, MoneyWorks Singapore, Small Business Accounting Software, Stocktake, Year-End-Closing
