Cognito has released the update 8.1.2 for MoneyWorks accounting software. This update includes an updated GST F5 Guide (Form 5) for Customer Accounting for prescribed goods.

GST register trader who supplies goods in foreign currency instead of Singapore dollar has to indicate the Singapore dollar equivalent GST amount on the invoice. The buyer who received the Bill has to record it based on the exchange rate stated in the Bill instead of the in-house exchange rate set in the accounting systems.

The integration between apps is seamless; for example, if your computer has Microsoft Excel installed it will open in Excel automatically when the report has output.

Cognito has released version 8.1r1 update for MoneyWorks Datacentre and Gold accounting software. This update fixes incorrect cost value for non-inventoried products in margin display of sales transactions. Visit Cognito website to view the change history. Upgrade to version 8 if you are still using an older version of MoneyWorks accounting software, or contact your MoneyWorks […]

MoneyWorks accounting software has the simplicity and features you want, and the power and flexibility you need. You’ll get big business capabilities at a small business price.

You will want to sell off those products which have an earlier expiry date or belong to an early batch if you are in a food-related or medical-related business. Hence, indicate the batch number in Sales Invoice or Pick List is important to you.