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Offset a foreign currency credit note with a local currency invoice
If both invoice and credit note is in a different currency, then have to consider using a contra account to clear them instead.
EH Lim
Sep 1, 20201 min read
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Journals
The computerised accounting system has eliminated most of the tedious double-entry work.
EH Lim
Aug 26, 20202 min read
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Sequential number
Sequential number (a.k.a reference number or document number) is a number on each accounting transaction. It has to be unique.
EH Lim
Aug 20, 20202 min read
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Importing quotes and orders into MoneyWorks
The data has to be in rows and columns (like CSV), usually exported from a quotation or a CRM system, to import into an accounting system.
EH Lim
Aug 18, 20201 min read
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Go Digital
Coronavirus pandemic has sent a shockwave to small businesses. It changes how we used to work.
EH Lim
Aug 14, 20202 min read
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Lock the period
You lock the crossover period to prevent data wrongly entered or removed after you have migrated to MoneyWorks.
EH Lim
Aug 4, 20202 min read
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Start a MoneyWorks trial
Venture into a new piece of software is not going to be easy for you or your team. Different businesses, or even those in the same industry,
EH Lim
Jul 30, 20202 min read
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Output to Clipboard
Output to Numbers and Excel are available in MoneyWorks. However, you may use the clipboard method if you are using Google Sheet.
EH Lim
Jul 22, 20201 min read
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Import customer and supplier list
The name table is part of the accounting software, stores the customer and supplier, which then used in generating orders and invoices.
EH Lim
Jul 14, 20202 min read
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Exchange Rate
Currency revaluation process converts the balances in the foreign currency-denominated account to the reporting currency.
EH Lim
Jul 8, 20202 min read
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Change password
Password is a 'key' allowing you to access to a place, or in our case is the database. Password is confidential and should not be shared.
EH Lim
Jun 30, 20201 min read
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Company Logo
Email official document in PDF instead of the traditional print, stamp, sign, and mail method is a norm as work from home is widely adopted.
EH Lim
Jun 23, 20201 min read
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MoneyWorks 8.2.2 update
Cognito has released update 8.2.2 for MoneyWorks Datacentre.
Besides fixes which improve the stability of the accounting software, ...
EH Lim
Jun 22, 20201 min read
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Pick List
A Pick List is a document for the store person at the warehouse to gather the products and get ready for delivery.
EH Lim
Jun 18, 20202 min read
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Learn computerised accounting
To learn computerised accounting, you can download MoneyWorks trial to test drive.
EH Lim
Jun 17, 20202 min read
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Cashbook with job tracking
Small businesses, mostly, do not need complicated job tracking feature available in the mid or higher-end system. You do not have the resour
EH Lim
Jun 15, 20201 min read
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Cash-basis free accounting software
MoneyWorks Cashbook is an entry-level accounting software by Cognito. It's an elegant cash-basis accounting system with a free subscription.
EH Lim
Jun 12, 20201 min read
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MoneyWorks Now v8.2.1 update
Cognito has released MoneyWorks Now update version 8.2.1. This update mainly fixed general bugs found in the previous version (change histor
EH Lim
May 23, 20201 min read
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Refund a deposit paid
A deposit received from a customer (current liabilities) can process from a sales order or record via a sales invoice...
EH Lim
May 21, 20202 min read
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How to record JSS (Job Support Scheme) payout?
Job Support Scheme is a cash grant given by the government to offset part of the local employee wage costs during the outbreak of COVID-19.
EH Lim
May 5, 20201 min read
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