Tag Archives: MoneyWorks Myanmar


Software: MoneyWorks accounting software

Turned off the Discountable option in an account if you do not want an invoice line coded with the account to be eligible for prompt payment discounts.

[Refer to Page 37 of the MoneyWorks v7 User Guide for more information.]

Discountable works with the “Prompt Payment Discount” (In the Pricing & Term tab of the Name). Assuming the customer enjoy 10% discount, all items except freight charges, if he settles his outstanding within 30 days from the invoice date. You can uncheck the “Discountable” checkbox of the Freight Charges account since it is not eligible for a discount even the customer paid within the payment terms.


Let’s say the detail of an invoice (Price is inclusive of 7% GST):

Item 1 at $3,210
Item 2 at $7,490
Freight Charge at $535
Total of the invoice: $11,235

When the customer pays within the given terms, the discounted amount will be $10,165. That is:

3,210 + 7,490 = 10,700 – 10% = 9,630 + 535 = 10,165

The “Discountable” feature helps prevent giving discount accidentally on a non-eligible account.



MoneyWorks accounting software update v7.3.8

Software: MoneyWorks #accounting software

MoneyWorks update v7.3.8 is now available. This update is about bug fixes and improvements, click here to view the change history.


Posting transactions in MoneyWorks accounting software

Software: MoneyWorks #accounting software

When a transaction posted, it updates the relevant accounts such as receivable and payable, stock on hand and prevents others from modifying the accounting entry.

A posted invoice will show in the “Payment on Invoices” list of a Receipts or Payment transaction, which allows the user to knock off against the payment.

Before you save a transaction, you can post it by clicking the POST icon next to the OK button or do it in a batch form. MoneyWorks store all the unposted transactions in the Unposted transaction list. From the Unposted transaction list, highlight those or all the transactions which you like to post and click the POST button.


You may consider backing up the file before posting and restore the file if there is a mistake. Rollback is another alternative which you can consider. Rollback if a mistake has discovered immediately after posting.

Posting helps prevent others from modifying it. especially when the financial report has printed. You can use “Cancel Transaction” (reverse an entry) if a mistake has discovered some time after posting.

Posting is important. You should do it regularly.

For more information on posting transaction, you can refer to page 99 of the MoneyWorks v7 User Guide.