Software: MoneyWorks #accounting software The year is broken into periods. You normally have 12 periods in your financial year, each one corresponding to a calendar month. However MoneyWorks lets you have anywhere from two to fifteen periods. — MoneyWorks version 7 User Guide page 10, Period. A Financial Year normally has 12 financial periods and […]

Software: MoneyWorks #accounting software The double entry accounting consists of a debit and a credit entry. The Bookkeeper has to pass the journals and updates the ledger, which represented with a T account. These are the fundamental of accounting. However, with a computerised accounting system, the double entry is done behind the daily transactions such […]