Tag Archives: Singapore

MoneyWorks Now, a cloud-based accounting system

Cognito has commissioned a MoneyWorks Now Node in Singapore. Businesses in both Singapore and Malaysia who are looking for an industrial-strength cloud-based accounting system can subscribe to Moneyworks Now if you prefer to use a public cloud instead of the private cloud offered by an in-house MoneyWorks Datacentre.

MoneyWorks Now

Unlike the traditional cloud-based solution which has to compromise using a slow, limited functionality of a browser; MoneyWorks Now offers a full native user-interface, full function as the desktop version (Both Windows and MacOS), data ownership, and customisable.

Leverage the power of your desktop, as well as working with other cloud-based systems, MoneyWorks Now can work directly with your existing desktop solutions like the mail client, office apps (Microsoft Excel, FileMaker, etc.) and other desktop business systems.

There is NO lock-in by your service provider, you own the data and can move it to your desktop at any time via the built-in backup function.

Try it now, leverage the convenient of CLOUD and power of a DESKTOP application.

MoneyWorks accounting software version 8.1 update

The MoneyWorks version 8.1 update is now available. Update your MoneyWorks as soon as possible as it improves the performance and bug fixes.

Click here to view the complete list of Change History.


How to use the Price Level in QuickBooks?

Software: QuickBooks Desktop accounting software

You can pre-set a discount level, either by a fixed percentage or per item basis, for each customer with the QuickBooks Price Level feature. QuickBooks Price Level feature help to ease the data entry if you are giving special pricing to the regular customer.

Fixed Percentage Price Level Type:

Select the Price Level List from the Lists menu, then click the Price Level button at the bottom of the screen and follow by New to add a new price level type into the list. Set the price level type as ‘Fixed %’ and the percentage to decrease accordingly, such as 10% or 20%.

QuickBooks Fixed Percentage Price Level

Next, add the price level which you have just created to the Customer who enjoys the discount.

QuickBooks Customer

Whenever you create a Sales Invoice for this customer, the unit price will always show the discounted price.

Per Item Price Level Type:

Besides fixed percentage price level, you can give a different price based on per item basis. That is, each customer can have a different item price. For example, the retail price for item A is $100; you sell to Customer123 at $88 and Customer456 at $83. Item B which is also $100, but you sell to Customer123 at $90 and Customer456 at $100 (no discount). Per Item price level comes in handy since fixed percentage discount will not work in this case.

QuickBooks Per Item Price Level

You need to change the price level type to ‘Per Item’ and set the Custom price for each item, and then link it to the customer.

Although price level is useful, there is a limitation. You can only set up to 100 different price levels at this moment. Besides, it seems to have a problem exporting ‘Per Item’ Price Level list when you try to use the same list for another company file.

Discuss with your QuickBooks Consultant if you are not sure how to implement Price Level for your company.