Software: MoneyWorks #accounting software BACKUP! BACKUP! How many users backup their databases daily? Backup is an important task, which user should do it daily, but often been ignored by the user. You should consider backing up the data before turning on the multiple currency features, change of exchange rate, bank reconciliation, stocktaking, post the transactions, […]

Software: MoneyWorks #accounting software In a multiple currencies environment, every name (customer or supplier) has tagged a currency. For example, if you trade with the customer in US Dollars, you tagged US Dollars currency to the name (under the Pricing & Terms tab) and the US Dollars Accounts Receivable account will automatically insert into the […]

Software: MoneyWorks #accounting software The MoneyWorks Datacentre Console has to install in a Server (or a Workstation which act as a Sever) and host the MoneyWorks company file. The MoneyWorks Gold or MoneyWorks Datacentre Client, which installed in a Desktop Computer or a Notebook Computer, connects to the MoneyWorks Datacentre. If the MoneyWorks Client is […]

Software: MoneyWorks #accounting software The default invoice template from the MoneyWorks accounting software is set to have a bottom alignment for the Price (unit price) and the Extension field. You need to amend the template if you prefer to have the Price and the Extension having a same top alignment as the Quantity, Item Code, […]

Software: MoneyWorks #accounting software A supplier may request a deposit or an advance payment when you place an order if you do not have a credit payment term arranged. The accounting entries get complicated when the transaction is in a foreign currency. The accounts such as the Bank, Accounts Receivable and Accounts Payable can be in […]

Software: MoneyWorks #accounting software In the MoneyWorks general ledger, a foreign currency account is represented as two separate amounts: the value in the foreign currency, and the value of the difference between that currency and the base currency. The difference is stored in a (normally hidden) account called a “delta account”, so that the following […]