Software: MoneyWorks #accounting software In our previous post, we discussed how to record a trade discount given to a customer in the MoneyWorks Sales Invoice transaction. We recorded the discount percentage in the Discount field and the Extension (which is the detail line total) will calculate based on the Unit Price less the discount given […]

Software: MoneyWorks #accounting software A Trade Discount is a discount given at the point of purchase. It reduces the list price as to encourage bulk purchase. In MoneyWorks, the Discount field is next to the Unit of Measure (UOM) field of a Sales Invoice. You enter a discount percentage in the Discount field whenever you […]

Software: MoneyWorks #accounting software You recorded a foreign currency Term Deposit of US$100,000.00 with a period exchange rate of 0.72USD:1SGD. When the exchange rate has changed to 0.73USD:1SGD at the period end, MoneyWorks revalue the foreign currency. An exchange journal of debiting the Exchange Gain/Loss account and credit the Term Deposit account of S$1,902.69 passed […]

Software: MoneyWorks #accounting software & Daylite CRM Daylite CRM runs on a Mac operating systems. It integrates with the MoneyWorks accounting software via a connector. Daylite CRM helps track the communication you had with the customer, the schedule, tasks, projects and sales opportunities. It is a contact management system for individual and workgroup. You may […]

Software: MoneyWorks #accounting software The aged receivables report (not Cashbook) provides a summary of outstanding sales invoices by age of invoice. The report can base the ageing on: Manually: As done by the Age Receivables command (page 144). You normally do this after printing your statements (usually at the end of each month). Calculated: The […]

Software: MoneyWorks #accounting software Enquiries can be made about the balances in an account or a range of accounts—or the transactions in unpurged periods for an account. — MoneyWorks v7 User Guide page 177 – Account Enquiries The Ledger Report prints posted transactions, whereas the Account Enquiries includes unposted transactions. The Account Enquiries is a […]