Malaysia scrapping GST from June 2018

Malaysia new government has decided to scrap GST (Goods and Services Tax) from June 2018; the standard rated GST is going to reduce from the 6% to 0%. What are those setting which you need to change in MoneyWorks accounting system?

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MoneyWorks accounting software update 8.1.3

Cognito has released the update 8.1.3 for MoneyWorks accounting software. Besides bug fixes, there are few new features introduced in this update.

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Blanket Purchase Order

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…

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MoneyWorks accounting system supports multiple entities

Multiple instances feature in MoneyWorks accounting software allows the user to work on multiple files at the same time without having to close the company file first before working on another.

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MoneyWorks Now, a cloud-based accounting system

Unlike the traditional cloud-based solution which has to compromise using a slow, limited functionality of a browser; MoneyWorks Now offers a full native user-interface, full function as the desktop version (Both Windows and MacOS), data ownership, and customisable.

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How to record a dividend?

When the company is profitable, part of the earnings may return to the investor as a dividend. ..

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