Cognito has released the update 8.1.3 for MoneyWorks. Besides bug fixes, there are few new features introduced in this update, they are:
- Allows the user to import Stock transfer journals.
- Having the user’s email address override the Reply-To when sending the email via SMTP is now optional.
- Backdated Transactions report (under Audit section).
- New calculation features.
- New GST feature for Singapore user: Customer Accounting for Prescribed Goods.
Click here to view the full change history of MoneyWorks accounting software version 8.1.3.
A Blanket Order is a purchase order; is a contract between the customer and supplier to supply goods (usually is expandable goods and recurring) at a predetermined price over an agreed period.
Assuming you are a manufacturer and require to use a large quantity of a product each month. You may issue a blanket order to the supplier to supply the goods at a predetermined price on a regular basis instead of having to negotiate the price and send a purchase order monthly. A Blanket Order help to cut down the administrative cost, control price fluctuation, ensure stock availability and reduce the storage cost; it is a just-in-time system. To the supplier, on the other hand, have a better sales forecast and better allocation of resources.
You need to process the purchase order whenever goods received. The purchase order will remain as an open order until fully fulfiled. There are reports available in MoneyWorks accounting system which helps to monitor the backorder, inventory, and purchases; or you may use the enquiries feature to check the movement of each product.
Create Statement of Account from the accounting software is a Mail Merge process. During mail merging, the fixed field such as debtor, address, the amount due, etc. merges into the Statement template. Besides Statement of Account, documents such as reminders and letters also can usually create from accounting software.
MoneyWorks accounting software does have it own form designer to create Statement and letters. You can use the form designer to create a simple relocation of office notice or a letter of demand; it may not be fanciful but good enough to get the message across.
QuickBooks Desktop, on the other hand, integrates with Microsoft Word to create documents. Check the system requirement to ensure the software you have is compatible with each other. You can check with Intuit, Reckon if you are using Reckon Accounts (formerly known as Reckon QuickBooks), or the QuickBooks reseller whom you have bought the software.
Accounting software is not a marketing tool; consider using a CRM (Customer Relationship Management) software, e-Marketing application, or a Contact Manager software like ACT!, etc. to create marketing mailers such as promotional mailer or ‘keep in touch’ kind of letters to prospects and customers.