Software: MoneyWorks #accounting software A department is basically a further level of breakdown in an account (in accounting parlance, a department is a subledger). . Departments are useful when the same income or expense codes are applicable to more than one similar item. Without departments each item would need an individual general ledger code, and […]

Software: MoneyWorks accounting software One of the powerful features in MoneyWorks is “Department”.  You can use department as cost centre, branches, site offices, or even employee names (tracking of staff’s expenses). How to use it? Example: I have few site offices, which I like to break down the cost incurred by each site office. In MoneyWorks, […]