Software: MoneyWorks accounting software The payer is required to: Withhold tax at 15% of the gross income payable to the non-resident professional; OR the non-resident rate of 20% if the non-resident professional elects to be taxed on net income; Source of withholding Tax from the IRAS website: http://www.iras.gov.sg/irashome/page01.aspx?id=758 Assuming the bill from the non-resident professional […]

Software: MoneyWorks accounting software Cognito has just released an update for Gold and Datacentre. MoneyWorks v7.1 update Please note: Windows XP SP2 and earlier are not supported in MoneyWorks 7. If you are running XP, please ensure you have Service Pack 3 installed. MoneyWorks 7.1 will not run on XP SP2 or earlier. The update […]

Software: MoneyWorks accounting software The MoneyWorks does provide a “Delete” function to delete off those invalid Purchase Orders. A Purchase Order which you sent out, but could be delivered, may be due to obsolete stock or some other reasons, which you need to cancel off the Purchase Order. However, in some cases, you may prefer […]

Software: Intuit QuickBooks accounting software When there is a discrepancy in the accounting entry, you always need to refer back to the original source document. Documents such as bill, invoice, delivery order, payment voucher, Import Permit or Certificates, and etc. Flip through files to search for documents can be a time consuming task. You can […]

Top choice: MoneyWorks Gold 7 MoneyWorks Gold is a solid, full-featured business accounting application that is networkable, supports multiple users, and works on both Macs and PCs. http://www.macworld.com/article/2141440/the-best-mac-accounting-apps.html    

Software: MoneyWorks accounting software The Contra feature in MoneyWorks is referring to contra a credit note against an invoice for the same debtor or creditor. You can’t use the Contra feature to contra invoices between a debtor and a creditor. From the Command menu, select Adjustments and follow by the Contra Invoices function to contra […]