Software: MoneyWorks #accounting software The three Tax Types available in MoneyWorks are G.S.T. or V.A.T., Sales Tax and Composite Tax. Different country has a different tax requirement, example, Singapore and Malaysia are using “G.S.T. or V.A.T.” whereas United State uses “Sales Tax”. Unlike Sales Tax which only has a Tax Received account, the “G.S.T. or […]

Software: MoneyWorks #accounting software The recurring transaction helps automate the data entry. For example, you may have monthly recurring general journals such as depreciation of a fixed asset or prepayment, or a maintenance contract which you invoice the customer on a monthly basis. The transaction will recur, duplicated automatically, when you open the document (the […]

Software: MoneyWorks #accounting software When changing a new hardware, you are required to install MoneyWorks on the new computer and activate it. Then, move the company file(s) and the “Custom plug-ins” folder from the old computer to the new one. The “Custom plug-ins” folder contains your customised reports, script and forms such as invoice, purchase […]

Software: MoneyWorks #accounting software Error message: Server is busy Another user (username) is performing an exclusive database operation (Add Transaction). Click OK to retry once they have finished. An issue with the network between the client computer and the server may cause the MoneyWorks client not properly disconnect from the MoneyWorks Datacentre server; hence, cause […]

Software: MoneyWorks #accounting software You should. It is important that you register your copy of MoneyWorks accounting software. Besides claiming ownership of the licence purchased, you receive regular Cognito’s MoneyWorks newsletters and notification of updates and upgrades. As a registered user, you will be informed on any bugs fixed and the tips and tricks in using […]

Software: MoneyWorks #accounting software What is a product? In MoneyWorks, a product is an item which you buy from the seller and resell it to your customer. If you stock it, it will be treated as an asset and the stock value will be calculated automatically. Assume a stationery shop purchase 100 unit of Pen […]