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 […]

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 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 The double entry accounting consists of a debit and a credit entry. The Bookkeeper has to pass the journals and updates the ledger, which represented with a T account. These are the fundamental of accounting. However, with a computerised accounting system, the double entry is done behind the daily transactions such […]