Software: MoneyWorks #accounting software A Sales Discount (or Cash Discount) is a discount given at the point of payment. It encourages prompt payment and helps in cash flow management. Example, you give a 10% discount for invoices which has paid within the payment terms or earlier. To help in managing the accounts receivable, you can […]

What is a Pro Forma Invoice? A Pro Forma Invoice is not a “real invoice”. It is a document states the goods or services, which you yet to supply. Often, the Pro Forma Invoice is used to declare the quantity, value and other shipping detail of the goods for the customs purpose. For software that […]

Software: MoneyWorks #accounting software Often, the retailer creates a bundle to encourage sales, especially toward the end of the school holiday, The Great Singapore Sales or Christmas season. For example, the computer retailer may bundle the computer with a headphone or a wireless mouse; or a sports shoe seller may give away a sports shoe […]

Software: MoneyWorks #accounting software A department is basically a further level of breakdown in an account (in accounting parlance, a department is a subledger). . Departments are useful when the same income or expense codes are applicable to more than one similar item. Without departments each item would need an individual general ledger code, and […]

Software: MoneyWorks #accounting software The MoneyWorks Datacentre 7.3.7 update has released. Please view the change history from the Cognito website.

Software: MoneyWorks #accounting software We discussed how to use the “Quantity Price Break” in our earlier post, showing you how to set up the item with up to five levels of price break for each product. Besides the standard quantity price break, you can have the quantity price breaks on additional units only. You can […]