Stocktaking

December is the last month of the year.
It’s a time to celebrate with your loved one.
It’s a time to regroup after being disrupted by the COVID pandemic for two years.
It’s time to have a resolution for the new year.
It’s time to close your book if your company’s fiscal year-end is in sync with the calendar year-end.
It’s time for a stocktake if you are closing the book.

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New release! MoneyWorks version 9

It is not just a fixed asset register that shows the number of assets you owned. MoneyWorks fixed asset is a complete fixed asset module that allows the accountant to process depreciation, revaluation, and disposing of assets.

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Setup inter-company in QuickBooks Online (QBO)

QuickBooks introduces the location feature in the Online version to categorise the data from multiple warehouses, branches, or inter-companies.

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How to use the contra feature in MoneyWorks accounting system?

A contra, in MoneyWorks accounting system, is to knock off the credit note of the same customer or supplier with their invoice.

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Work with lists

You can sort it by clicking on the column header or search the list by entering your request into the search bar on the top right corner. That’s how MoneyWorks presented the information. Simple and easy.

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Shall I be using class or location in QBO (QuickBooks Online)?

You may use the class as a departmental account. Set up marketing, R&D, production, etc. as a class; then, tag it to each income or expense account when creating an invoice or bill.

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