Accounts Receivable

Software: MoneyWorks accounting software  The transactions, which are recorded in MoneyWorks needs to be posted before it updates the general ledger (GL). Therefore, the aged receivables show only the posted sales invoices. From the Show menu | Transactions | Receivable (under the Transactions by Status) gives a quick overview of the outstanding sales invoices, whereas […]

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The default printer

Software: MoneyWorks Accounting Software When printing a report or form on Windows, MoneyWorks remembers the printer that it was output to, and will default to the printer the next time you use the report or form. However, when the default printer changed, MoneyWorks will still remembers the old setting and will not change according to […]

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Setup multiple currency in MoneyWorks accounting software

Software: MoneyWorks accounting software Before you turn on the multiple currency feature in MoneyWorks, you should BACKUP the company file. You cannot change or remove the multiple currency once it has turned on. To turn on the multiple currency feature, go to the Edit menu | Document Preferences | Locale/Currency tab Assume your base currency is Singapore […]

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How to setup multi-location in MoneyWorks?

Software: MoneyWorks accounting software Cognito has created a multi-location plug-in for MoneyWorks. Multi-location plug-in can be downloaded from Cognito Website. The multi-location zip file consist of a guide, Stock Transfer script for Window and a Stock Transfer script for Mac OS.You should READ the multi-location guide and have an understanding of how it work before you implement it for […]

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Count it vs. Stock it

Software: MoneyWorks version 7 accounting software When creating a Product item in MoneyWorks accounting software, you have an option of setting  it up as “Count it” or “Stock it”. If you just want to count the quantity on hand without tracking stock value on hand, then you can just check the checkbox for “We Count it”. […]

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Importing the Chart of Accounts into MoneyWorks

Software: MoneyWorks v7 accounting software After verified the tax code (GST code) and tax rate (GST rate) are correct, you need to create the accounts in the Chart of Accounts list. If you have a few hundreds or thousands of accounts, the easier way is to import the account list into the MoneyWorks. Below are […]

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