Software: MoneyWorks accounting system and MoneyWorks mobile app.
You can record the expense claim from staff manually into a Purchase Invoice, then post and reimburse them when ready. This method could be tedious and time-consuming when there are many claims to record each month.
Another method is to have the staff recording the claims on a spreadsheet template and import it into MoneyWorks regularly. This method is better as it helps reduce error during transfer.
To improve the claiming process, you can consider using MoneyWorks Mobile. It’s a free app developed by Cognito which works seamlessly with MoneyWorks Datacentre and Now (a cloud-based accounting system). Install MoneyWorks Mobile on an Apple IOS devices such as iPhone and iPad, and start recording the expenses claim. The expense claim sync into MoneyWorks once submitted. The accountant, on the other hand, will check, post and reimburse the staff when ready.
Yes, it’s that simple! Just need to enter, submit, post, and reimburse.
MoneyWorks helps lighten the accountant workload, reduces the expense claim process, and gear up small businesses toward a paperless workflow.
Try MoneyWorks if you are looking into a better accounting system.
**You can download MoneyWorks Mobile from Cognito add-on store.
A Blanket Order is a purchase order; is a contract between the customer and supplier to supply goods (usually is expandable goods and recurring) at a predetermined price over an agreed period.
Assuming you are a manufacturer and require to use a large quantity of a product each month. You may issue a blanket order to the supplier to supply the goods at a predetermined price on a regular basis instead of having to negotiate the price and send a purchase order monthly. A Blanket Order help to cut down the administrative cost, control price fluctuation, ensure stock availability and reduce the storage cost; it is a just-in-time system. To the supplier, on the other hand, have a better sales forecast and better allocation of resources.
You need to process the purchase order whenever goods received. The purchase order will remain as an open order until fully fulfiled. There are reports available in MoneyWorks accounting system which helps to monitor the backorder, inventory, and purchases; or you may use the enquiries feature to check the movement of each product.
Software: MoneyWorks Accounting System
You need to change the business address in forms such as Sales Invoice, Purchase Order, etc. when moved to a new location.
Update the Postal and the Delivery address from the Company Details, under the Show menu, if you are not using a preprinted form. If the template designed with the Address fields inserted instead of using a text box for addresses, then it will pick up the new address automatically.
However, if you are using a text box for addresses, then manually amend the text box with the new address is required.
Contact your MoneyWorks consultant if you need help in amending forms.