Software: Intuit QuickBooks accounting software When recording the outstanding sales invoices as of the crossover date (usually is the closing date of the last financial year) into the Quickbooks accounting software, you can consider recording every outstanding invoices instead of as a lump sum owed by the customer. For example, Customer ABC owes you 5 […]

Software: MoneyWorks accounting software If you have accidentally edited the period ends or created a wrong period ends, you can amend it from the “Open/Close Period” of the Command menu. Assuming your financial year is from Jan to Dec and your current year is 2013. However, you discovered that your Dec 2012 has a period […]

Software: Intuit QuickBooks accounting software When you reconcile the bank account, you have to ensure that the “Difference” is 0.00 before you click the “Reconcile Now” button. The problem could be due to omitted transaction or typo error such as you recorded $121.20 instead of $112.20. Find out your mistake instead of force reconciling the […]

Software: MoneyWorks accounting software If you are supplying to a retail chain, often you need to deliver to a different retail outlet, but the invoices or monthly statement to be consolidated and send to the HQ. In MoneyWorks, every “branch” will be a name record by itself. When creating the HQ name code, you need […]

Software: MoneyWorks accounting software Stocktaking (or inventory checking) is a process of verifying the stock (inventory) physically. It’s a process to check the quantity and verify the condition of the stock you have on-hand. Before doing the regular stocktaking in MoneyWorks, you should post all the stock related transactions and make a backup of your […]

Software: MoneyWorks accounting software When migrating to MoneyWorks, you need to record the outstanding Accounts Receivable as of your cutoff date (The cutoff date is referring to the date you cut off from the existing accounting software, it could be your year end closing date). From the Setting up navigation page of the MoneyWorks accounting […]