Software: MoneyWorks accounting software There are two methods of computing the GST amount. GST can be computed in either Line Item method or a Subtotal method. Line Item method is to compute the GST amount on every line item and sum up the GST amount at the end of the Sales Invoice in the Total […]

Software: MoneyWorks accounting software FileMaker Go Need an end-to-end turnkey solution on FileMaker? FileMaker Pro, with its direct integration into MoneyWorks at the desktop level, has for many years been a popular way for developing and creating customised front-ends for MoneyWorks. Now FileMaker Go, the mobile version (for iPad and iPhone) offers a quick solution […]

Software: QuickBooks accounting software To schedule a backup, you may select “Only schedule future backups” radio button from the “When do you want to save your backup copy?” page of the backup wizard. Automatic Backup Check the checkbox for “Save backup copy automatically when I close my company file every [ 3 ] times” and […]

Software: QuickBooks accounting software QuickBooks Desktop software is using the average costing method for stock. How it works? Assuming you have 10 units of item A at $10 each. Then, you purchased 10 more units of item A at $8 each. Now, the cost per unit is at $9. 10 units at $10 = $100 […]

Software: MoneyWorks accounting software To-Do list for Year-End-Closing: Accrual Prepayment Depreciation Provision Stock take Stock Adjustment Stock Reports (MUST PRINT) Bank Reconciliation Home Currency Adjustment Financial Reporting Backup Lock your period To some accountant closing the book can be a tedious accounting process and to request your sales team to stop issuing sales invoices while […]

The MoneyWorks 6.1.3 Datacentre update is now available as part of your software maintenance. To install the update, having ensured that no-one is using MoneyWorks, start the MoneyWorks Datacentre Console application on your Datacentre server and click the Check Now button (which is on the Update tab). For a complete list of changes, please view […]