Advances paid to the supplier

You can use the ‘pay a deposit for order’ option from the MoneyWorks purchase order to record an advance payment to the supplier.

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How to record a payroll entry?

Although the accounting system does not compute payroll, you still have to record the monthly payroll via a general journal or payment transaction to update the ledger.

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Should I use a credit note or cancel the transactions?

A credit note (a.k.a. Adjustment Note) is a document, usually for returns of goods or adjustments to past invoices. Whereas the cancel transaction process in MoneyWorks is for reversing a wrong entry.

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Profit and Loss by Date Range

Besides bug fixes and improvements, Cognito added a new Profit and Loss by Date Range report into the MoneyWorks accounting system.

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Nope, I had already paid!

Whether you like to have a glance at the payment status of an invoice, find the related payment on the fly, or a historical payment listing, MoneyWorks has the features available that meet your accounting needs.

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Insert a new line in Invoice or Order

Insert line item anywhere in the MoneyWorks accounting software’s transaction/order by press down the Shift key and clicking on the Add Line button.

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