The GST code used in the MoneyWorks transaction follows the GST code set in the account used.

Although the accounting system does not compute payroll, you still have to update the monthly payroll to the ledger

The new feature includes downloading the sales from Shopify, BigCommerce, and WooCommerce eCommerce store as a service for MoneyWorks

The standard rated GST set in MoneyWorks is 7%, pre-loaded when you first created the company file with localisation setup as Singapore

We wish you all a happy lunar new year! 新年快乐， 身体健康。

A credit note is for returns of goods or adjustments to past invoices. Whereas the cancel transaction for reversing a wrong entry.

Having a budget is extremely important when moving towards a new normal. It is crucial to monitor the performance in an uncertain market.

Stocktake is part of the financial year-end closing. Start the stocktake process before your long holiday break. Happy new year!

Merry Christmas!

Cognito has released MoneyWorks 9.0.7 update, primarily a bug fix. Visit the Cognito website for the change history in version 9.0.7.

Once the maximum number of periods has reached, close some of the older periods to open up a new period in MoneyWorks accounting system.

Besides bug fixes and improvements, Cognito added a new Profit and Loss by Date Range report into the MoneyWorks accounting system.

Product costing gets complicated when involving landing costs.

Besides bug fixes and performance improvement, the import bank statement feature in MoneyWorks now supports the CSV format.

The payment status of an invoice, find the related payment or a historical payment listing; MoneyWorks has features that an accountant needs

Now, you can have an option to set the GST rounding to follow the Banker's rounding method or round up to the nearest half cents.

Insert line item anywhere in the MoneyWorks accounting software's transaction by press down the Shift key + clicking on the Add Line button.

A Search function in the report preview and Fixed Assets module is among the new enhancement of MoneyWorks accounting software version 9.

You can use the job feature in MoneyWorks accounting system to track the projects and programs for the non-profit organisation.

MoneyWorks accounting software's product analysis does not include the discount on the product itself.