Product code is a unique number (or alphanumeric) use to identify an item. The unique product code for reselling a product can be different from ordering from the supplier, the supplier code. For example, you own a retail shop selling Television. You sell various brands and models which purchase from multiple manufacturers and distributors. To keep a searchable inventory list, you may create the product code such as: ABrand32LEDTV ABrand43LEDTV ABrand52LEDTV BBrand32LEDTV

Cognito released an update 8.1.7 for MoneyWorks accounting system. This update includes adding the memo field into the Bill of Material report, and an increase of the number characters for the Job Sheet activity code from 9 to 31 characters. More new features and bug fixes of this updates are available in the change history which you can check it out at Cognito website. The macOS Catalina will release by this fall, Cognito has advised macOS user to check for software compatib

You have an option of recording the invoice, payment or receipt transaction either via by account or by item tab. What's the difference? You use the 'By Account' tab to record transactions which charge directly to the GL (general ledger) such as rent, repayment of the loan, purchase of assets, etc.; or some time cost of goods sold when you are not using the accounting software to track the inventory. Use the 'By Product' tab when you itemised the products and services. Itemis

Cognito has released an update 8.1.6 for MoneyWorks accounting software. QR Code generation in forms and reports is a new feature launched in version 8.1.6. You can consider adding a QR code on the invoice form to ease the goods return process. Visit the Cognito website for the change history of version 8.1.6, to find out the bugs fixes and improvements of this new update. #Macaccountingsoftware #Cloudbasedaccountingsystems #Updates

Besides importing journals, you can also import transaction such as Invoices, order, payment or receipt transactions. MoneyWorks is a powerf

Create Journal is a stock related journal in MoneyWorks accounting system, which uses to increase the stock quantity such as manufactured or

You can use the cost of goods sold or an expense account as a dummy account in the account tab of a payment transaction to record the GST pa

The recurring feature helps reduce the tedious accounting task such as recurrent rent, payroll, depreciation, accruals, invoices for subscri

A stocktake is a physical count of your inventoried items and is necessary on a periodic basis, no matter how careful you are, the actual st

For a non-profit organisation such as charities and schools may use job tagging feature to track project like upgrading facilities or social

Insert an asterisk (*) item as a note to a sales invoice, it could be delivery information for the driver, project information which you wan

By default, MoneyWorks product name and page number print at the report footer when the print page option has selected during printing, such

It may be more appropriate to show the currency name instead of the currency code when converting the invoice total in English. That is, pri

MoneyWorks accounting system has a powerful report writer built-in which allow the user to create a custom report or use the analysis functi

It's essential for the job or project-based businesses to measure job profitability. It gives the business owner a breakdown of the job-

The recurring transaction is a transaction having the same accounting information which records into the accounting system on a periodical b

MoneyWorks is a back-end accounting system which helps to manage your business finance. You can create recurring invoices for those customer

A barcode helps to ease the operation and omit error when entering a sales or purchase invoice into MoneyWorks accounting system.

MoneyWorks demonstration version is valid for 45 days (or 99 opens, whichever comes first). The 45 days or 99 opens applied to the new compa

Rental and loan businesses or services and maintenance businesses usually required to invoice their client in advance. These businesses incl