Software: MoneyWorks accounting software Product code is a unique number (or alphanumeric) use to identify an item. The unique product code for reselling a product can be different from ordering from the supplier, the supplier code. For example, you own a retail shop selling Television. You sell various brands and models which purchase from multiple […]

Software: MoneyWorks accounting software You have an option of recording the invoice, payment or receipt transaction either via by account or by item tab. What’s the difference? You use the ‘By Account’ tab to record transactions which charge directly to the GL (general ledger) such as rent, repayment of the loan, purchase of assets, etc.; […]

Repacking of products occur in trading or OEM (Original equipment manufacturer) businesses. For example, a spices trader may buy the goods in tons but repack into a smaller bag of 25kg or 50kg; or pack into bags or carton with the customer’s branding or languages as required.

A stocktake is a physical count of your inventoried items and is necessary on a periodic basis, no matter how careful you are, the actual stock on hand may differ from the record in MoneyWorks accounting software.

You can create either inventory or non-inventory parts in MoneyWorks accounting system. The cost of sales of an inventory item realised when the product sold, whereas the non-inventory item realised upon purchase.

You can consider using QuickBooks Sales Receipt as an internal maintenance service note for equipment rental or chartered vehicle businesses.