Software: MoneyWorks #accounting software The recurring transaction helps automate the data entry. For example, you may have monthly recurring general journals such as depreciation of a fixed asset or prepayment, or a maintenance contract which you invoice the customer on a monthly basis. The transaction will recur, duplicated automatically, when you open the document (the […]

Software: Intuit #QuickBooks desktop #accounting software You have to File Tax Return after the GST cycle. File Tax Return is a QuickBooks internal process, which contra the GST Input and GST Output account and transfer the balances to the Receivable or Payable account. It is not a process of filing tax with the Comptroller of […]

Software: Intuit #QuickBooks #accounting software The general journal entry number has to be unique. You just need to set the first entry number and QuickBooks will automatically keep the running number in sequential order. For example, you enter the first entry number as J160801 and QuickBooks will automatically assign the next number as J160802, and […]

Software: MoneyWorks #accounting software When changing a new hardware, you are required to install MoneyWorks on the new computer and activate it. Then, move the company file(s) and the “Custom plug-ins” folder from the old computer to the new one. The “Custom plug-ins” folder contains your customised reports, script and forms such as invoice, purchase […]

Software: Intuit #QuickBooks Desktop #accounting software You can tag a Sales Rep to a Sales Invoice or a Sales Receipt transaction. The double entry behind the Sales Invoice transaction debits sales revenue and credit accounts receivable account, or credit a bank account if you are using a Sales Receipt instead. If an inventory item sold, […]

Software: MoneyWorks #accounting software Error message: Server is busy Another user (username) is performing an exclusive database operation (Add Transaction). Click OK to retry once they have finished. An issue with the network between the client computer and the server may cause the MoneyWorks client not properly disconnect from the MoneyWorks Datacentre server; hence, cause […]