MoneyWork update 8.2 is now available, the enhancement and bug fixes have improved the performance of MoneyWorks accounting system. The Change History of version 8.2 is available at Cognito website, take a look if you like to find out what has fixed. MoneyWork accounting system has Desktop, server-client, and a cloud-based solution which meet a […]

QuickBooks has Cloud-based ( #QBO – QuickBooks Online) and Desktop version which built for small businesses.

Software: MoneyWorks accounting software There are two methods of computing the GST on Tax Invoice when the invoice contains more than one item with the standard rated supplies. The line item method, which commonly used in accounting software; this method computes the GST on each line item and then sums up the GST amount. The […]

Bank reconciliation is a periodic process to match the bank statement against the information you have recorded in the accounting system.

Software: QuickBooks Desktop accounting software The rule of Customer Accounting for Prescribed Goods applied when supplying of mobile phones, memory cards and off-the-shelf software exceeds $10,000 to a GST-registered customer for his business purpose. A customer accounting tax invoice has to issue to your customer if you are a GST-registered supplier supplying prescribed goods. The […]

Cognito has released an update patch 8.1.8r2 resolving an incorrect calculation of the discounted price via price levels D, E, and F on the sales transactions. Please visit Cognito website for the change history of version 8.1.8.