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Why Changing Your Financial Period Names Isn't as Simple as It Sounds
You're looking at a January invoice from 2015, but your accounting system now shows it filed under 'October.' The dates are correct, but something seems off.
EH Lim
Jul 33 min read
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Customer Deposits: Your Small Business Cash Flow Game-Changer
"Good morning, Boss!" —sounds good?
If you dare to take risks and step into the unknown, you can be a "Boss", too. But maintaining that title? That's a different story. We often hear about success stories, but less about the tough struggles that can lead to failure. Being a small business owner isn't as easy as some might believe. Beyond fighting for market share, managing cash flow is a constant battle for small businesses.
EH Lim
May 284 min read
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MoneyWorks updates version 9.2.1
Cognito has released an update, version 9.2.1, for MoneyWorks accounting software. As usual, the update enhances performance, fixes software bugs, and introduces new features.
EH Lim
May 91 min read
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Multi-currency accounting
Exchange fluctuation is the biggest hurdle when translating from one currency to another, and it is vital to businesses trading with foreign currency, as it could affect the bottom line.
EH Lim
Apr 293 min read
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Hello! 2025
It's time to say goodbye to 2024 and hello to 2025. If December is your financial year-end month, remember to prepare your financial...
EH Lim
Dec 31, 20242 min read
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Add a barcode of the invoice number to the sales invoice form
Your customer may require you (the supplier) to have your invoice numbers barcoded as part of the digital transformation.
EH Lim
Dec 16, 20242 min read
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How do I choose a financial year?
The financial year may follow the calendar year from January to December, or some countries may allow you to have it in any preferred month.
EH Lim
Nov 22, 20244 min read
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MoneyWorks accounting software update version 9.1.9
Cognito has released an update, version 9.1.9, for the MoneyWorks accounting software.
EH Lim
Sep 19, 20241 min read
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Do I have to turn on the multiple currencies feature in my accounting software?
Managing your foreign currency with the multiple currencies feature turned on in your accounting software would be easier.
EH Lim
Sep 6, 20242 min read
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Is InvoiceNow the same as e-Invoice?
Although PDF or HTML email invoices are digital and paperless, they are not e-invoices. An e-invoice is distinctive.
EH Lim
Aug 23, 20242 min read
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Whose payment?
Search the invoice in MoneyWorks accounting software with the spotlight search; right-clicked the invoice and select 'Receipt this invoice'.
EH Lim
Jul 29, 20242 min read
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MoneyWorks accounting software update version 9.1.8
In addition to bug fixing, the new release (MoneyWorks version 9.1.8) includes several enhancements.
EH Lim
Jul 18, 20241 min read
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Refrain from purging the data if you need the information later
Remember not to purge the data if you might need it later. This precaution can prevent potential data loss and keep your records intact.
EH Lim
Jul 11, 20243 min read
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What is bank reconciliation?
Bank reconciliation is an accounting process that balances your financial records with the transactions shown on your bank statement.
EH Lim
Jun 26, 20242 min read
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'ILOVEYOU' no more -- Beware of what you click
Pause and verify the digital contents before clicking the hyperlinks, downloading files, or giving away sensitive information.
EH Lim
Jun 10, 20242 min read
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MoneyWorks Datacentre 9.1.7r1 update
Cognito released the MoneyWorks Datacentre (DC) version 9.1.7r1 update, fixing the server crash issue (under certain circumstances). The...
EH Lim
May 3, 20241 min read
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What's related?
The "find related" feature in the MoneyWorks accounting software is to search for related information from another list within the database.
EH Lim
Apr 30, 20241 min read
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MoneyWorks accounting software update version 9.1.7
MoneyWorks update v9.1.7:
- Emailed PDF forms with a specified attachment name
- Income & Expense pie chart Dashboard configuration option.
EH Lim
Apr 9, 20241 min read
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What to do with those unfulfilled purchase orders in the MoneyWorks accounting system?
The order will transfer from the Purchase Order section to Bought of the MoneyWorks accounting system once received in full.
EH Lim
Mar 7, 20242 min read
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Manage Goods and Services Tax (GST) in the MoneyWorks accounting system with a non-Singapore dollar home currency
When dealing with the non-Singapore dollar (SGD) home currency in an accounting system, the GST submission to the IRAS has to be SGD.
EH Lim
Jan 22, 20242 min read
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