Software: MoneyWorks accounting software An Office Equipment which has a cost of $2,250.00 and accumulated depreciation of $1,500.00 as of your Balance Sheet report; then you sell off this asset at $500.00 before GST. Balance Sheet Office Equipment: 2,250.00 Accumulated Dep – Office Equipment. (1,500.00) To record the disposal of fixed asset in MoneyWorks, first […]

Cognito had released MoneyWorks Datacentre 7 last month, and are delighted to announce that MoneyWorks 7 is now available for Gold, Express and Cashbook users. With many significant new capabilities, and extensive work “under the hood”, MoneyWorks 7 is both faster and easier to use. Datacentre users in particular have received a dramatic performance boost. […]

Software: MoneyWorks accounting software The default payment term of the debtor is set in the Name profile of the debtor (under Pricing & Terms tab | Debtor Control section | Terms field). Assuming you have set the payment term of the debtor as “Within Days” and “30” days following (that is 30 days payment terms). […]

Software: MoneyWorks accounting software When purchasing a motor vehicle, often we made a down payment (deposit) and arrange the balances with a car loan. Assuming you purchase a motor vehicle at S$80,000.00 (S$85,600.00 with GST) and you paid S$10,000.00 as a down payment and take a loan for the remaining amount. Use the Purchase Invoice […]

MoneyWorks version 7 … Coming soon! The initial release will be for Datacentre users only. The user will be informed of the upgrade, new serial numbers and the download links. The Datacentre upgrade is covered under the software maintenance program. For Gold, Express and Cashbook user please contact us for the upgrade detail.

Software: MoneyWorks accounting software Assuming your base currency is in Singapore Dollar (SGD) and you have some invoices in US Dollar (USD), the Gross column of the Sales Invoice list will show as the USD amount instead of SGD. To view the Gross value of the transaction in a base currency (SGD), you can add […]