Software: Intuit #QuickBooks #accounting software Remittance agent helps a person/company remit the money from a country to another. In Singapore, you need to have a license from the Monetary Authority of Singapore (MAS) to operate a remittance service business. If remittance service is a form of payment method you used, you create the Remittance Agent […]

Software: MoneyWorks #accounting software A department is basically a further level of breakdown in an account (in accounting parlance, a department is a subledger). . Departments are useful when the same income or expense codes are applicable to more than one similar item. Without departments each item would need an individual general ledger code, and […]

Software: MoneyWorks #accounting software The MoneyWorks Datacentre 7.3.7 update has released. Please view the change history from the Cognito website.

Software: Intuit #QuickBooks #accounting software The “Balance Due” in the Sales Invoice is referring to an outstanding amount of a sales invoice after knocking off the payment received. It is useful for project-based business to show the balance due of a sales invoice when an advance payment has collected. You can use the Make Deposit […]

Software: MoneyWorks #accounting software We discussed how to use the “Quantity Price Break” in our earlier post, showing you how to set up the item with up to five levels of price break for each product. Besides the standard quantity price break, you can have the quantity price breaks on additional units only. You can […]

Small business owner who runs the business with limited resources may find it difficult or not justifiable to get a full-time accounting staff. Often the owner himself/herself or a junior admin staff may have to do the bookkeeping. With a small business accounting software such as QuickBooks, MoneyWorks, MYOB, Sage 50, and Xero; non-account trained […]