Software: MoneyWorks #accounting software You recorded a foreign currency Term Deposit of US$100,000.00 with a period exchange rate of 0.72USD:1SGD. When the exchange rate has changed to 0.73USD:1SGD at the period end, MoneyWorks revalue the foreign currency. An exchange journal of debiting the Exchange Gain/Loss account and credit the Term Deposit account of S$1,902.69 passed […]

Software: QuickBooks #accounting software Bank reconciliation is a process of comparing the Cash Book against the Bank Statement. The objective of the bank reconciliation is to confirm the withdrawals and deposits presented in the Bank Statement have recorded in the ledger correctly. Although you can record the opening balance of the bank account in QuickBooks […]

Software: MoneyWorks #accounting software & Daylite CRM Daylite CRM runs on a Mac operating systems. It integrates with the MoneyWorks accounting software via a connector. Daylite CRM helps track the communication you had with the customer, the schedule, tasks, projects and sales opportunities. It is a contact management system for individual and workgroup. You may […]

Software: MoneyWorks #accounting software Enquiries can be made about the balances in an account or a range of accounts—or the transactions in unpurged periods for an account. — MoneyWorks v7 User Guide page 177 – Account Enquiries The Ledger Report prints posted transactions, whereas the Account Enquiries includes unposted transactions. The Account Enquiries is a […]

Software: #QuickBooks #accounting software It’s same, but different. Although, Intuit QuickBooks and Reckon QuickBooks (has renamed to Reckon Accounts) have a similar user-friendly navigator, the features and reports could be different. Those users who have switched from Reckon QuickBooks to Intuit QuickBooks may realize that the checkbox for “Use Undeposited Fund as a default deposited […]

Software: MoneyWorks #accounting software Cognito has released has released a new update — v7.3.6r1 The Change History is available at Cognito website.