Software: Intuit QuickBooks accounting software QuickBooks allows you to consolidate multiple Sales Orders into one Invoice. Sales Order is used to track the orders from customers, backorders, and some users may also have used the Sales Order to track the consignment goods to customers. When the customer name is being picked up in the invoice, […]

Software: MoneyWorks accounting software It’s classified as a non-inventoried item if “We stock it and treat inventory as asset” checkbox of an item is not checked. Instead of debiting the Inventory Asset account, the Cost of Goods Sold account will be realised when the purchase invoice is recorded into the MoneyWorks accounting software. Besides, the […]

Software: QuickBooks accounting software You have invoiced both Customer A and Customer B on 25th February, but the Ageing Report shows the Customer A’s outstanding is in the “1-30” days ageing cycle whereas the Customer B’s outstanding is in the “Current” ageing cycle. The payment terms set in the customer profile affects the due date […]

Software: Intuit QuickBooks accounting software Although, the foreign currency invoice does show a base currency equivalent amount and an exchange rate used in the invoice, these fields are not available for print. Since the User defined fields in the template are limited, you may consider adding the base currency equivalent amount at the description area […]

Software: MoneyWorks accounting software The year is broken into periods. You normally have 12 periods in your financial year, each one corresponding to a calendar month. However MoneyWorks lets you have anywhere from two to fifteen periods. MoneyWorks Manual, Page 10 — Periods If your financial year starts from January and ends in December, based […]

Software: MoneyWorks accounting software When a product code changed, instead of creating a new product code and transfer the stock on hand and value from the old product code to the new product code, you can amend the existing product code and alter the existing transactions (both posted and unposted transactions) to a newer code. […]