Negative on-hand stock is one of those issues that catches auditors' attention at year-end. While you can't physically have fewer than zero items on your shelf, your accounting system might tell a different story.

You provide services to your supplier from whom you purchase goods. Now, your supplier (creditor) is also your customer (debtor). How should you handle invoicing?

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.

"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.

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.

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.

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...

Your customer may require you (the supplier) to have your invoice numbers barcoded as part of the digital transformation.

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.

Cognito has released an update, version 9.1.9, for the MoneyWorks accounting software.

Managing your foreign currency with the multiple currencies feature turned on in your accounting software would be easier.

Although PDF or HTML email invoices are digital and paperless, they are not e-invoices. An e-invoice is distinctive.

Search the invoice in MoneyWorks accounting software with the spotlight search; right-clicked the invoice and select 'Receipt this invoice'.

In addition to bug fixing, the new release (MoneyWorks version 9.1.8) includes several enhancements.

Remember not to purge the data if you might need it later. This precaution can prevent potential data loss and keep your records intact.

Bank reconciliation is an accounting process that balances your financial records with the transactions shown on your bank statement.

Pause and verify the digital contents before clicking the hyperlinks, downloading files, or giving away sensitive information.

Cognito released the MoneyWorks Datacentre (DC) version 9.1.7r1 update, fixing the server crash issue (under certain circumstances). The...

The "find related" feature in the MoneyWorks accounting software is to search for related information from another list within the database.

MoneyWorks update v9.1.7: - Emailed PDF forms with a specified attachment name - Income & Expense pie chart Dashboard configuration option.