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Product Code and Supplier's Code
EH Lim
  • Aug 19, 2019
  • 1 min

Product Code and Supplier's Code

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
636 views0 comments
EH Lim
  • Jul 8, 2019
  • 1 min

MoneyWorks 8.1.7 update

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
9 views0 comments
By account or by Item?
EH Lim
  • Jul 1, 2019
  • 1 min

By account or by Item?

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
13 views0 comments
MoneyWorks 8.1.6 update
EH Lim
  • May 2, 2019
  • 1 min

MoneyWorks 8.1.6 update

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
12 views0 comments
Import journals into accounting software
EH Lim
  • Mar 29, 2019
  • 1 min

Import journals into accounting software

Besides importing journals, you can also import transaction such as Invoices, order, payment or receipt transactions. MoneyWorks is a powerf
58 views0 comments
The Create Journal
EH Lim
  • Mar 6, 2019
  • 1 min

The Create Journal

Create Journal is a stock related journal in MoneyWorks accounting system, which uses to increase the stock quantity such as manufactured or
12 views0 comments
GST on imported goods
EH Lim
  • Feb 19, 2019
  • 1 min

GST on imported goods

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
45 views0 comments
Auto reverse journal
EH Lim
  • Jan 25, 2019
  • 1 min

Auto reverse journal

The recurring feature helps reduce the tedious accounting task such as recurrent rent, payroll, depreciation, accruals, invoices for subscri
37 views0 comments
Year-end stocktaking
EH Lim
  • Dec 28, 2018
  • 1 min

Year-end stocktaking

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
119 views0 comments
EH Lim
  • Dec 18, 2018
  • 1 min

MoneyWorks accounting software update version 8.1.5

For a non-profit organisation such as charities and schools may use job tagging feature to track project like upgrading facilities or social
18 views0 comments
How to add a memo line in Sales Invoice?
EH Lim
  • Dec 17, 2018
  • 1 min

How to add a memo line in Sales Invoice?

Insert an asterisk (*) item as a note to a sales invoice, it could be delivery information for the driver, project information which you wan
33 views0 comments
Print page number on the report
EH Lim
  • Dec 6, 2018
  • 1 min

Print page number on the report

By default, MoneyWorks product name and page number print at the report footer when the print page option has selected during printing, such
25 views0 comments
Currency name versus currency code
EH Lim
  • Dec 5, 2018
  • 1 min

Currency name versus currency code

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
17 views0 comments
Financial and analysis reports
EH Lim
  • Nov 28, 2018
  • 1 min

Financial and analysis reports

MoneyWorks accounting system has a powerful report writer built-in which allow the user to create a custom report or use the analysis functi
21 views0 comments
How to track job and project?
EH Lim
  • Nov 26, 2018
  • 2 min

How to track job and project?

It's essential for the job or project-based businesses to measure job profitability. It gives the business owner a breakdown of the job-
30 views0 comments
Recurring journal entry
EH Lim
  • Nov 14, 2018
  • 2 min

Recurring journal entry

The recurring transaction is a transaction having the same accounting information which records into the accounting system on a periodical b
43 views0 comments
A solution for equipment rental
EH Lim
  • Nov 1, 2018
  • 3 min

A solution for equipment rental

MoneyWorks is a back-end accounting system which helps to manage your business finance. You can create recurring invoices for those customer
99 views0 comments
How to print product label with barcode?
EH Lim
  • Oct 29, 2018
  • 1 min

How to print product label with barcode?

A barcode helps to ease the operation and omit error when entering a sales or purchase invoice into MoneyWorks accounting system.
59 views0 comments
Accounting software for the school classroom and student
EH Lim
  • Oct 25, 2018
  • 1 min

Accounting software for the school classroom and student

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
12 views0 comments
Advance invoices
EH Lim
  • Oct 23, 2018
  • 2 min

Advance invoices

Rental and loan businesses or services and maintenance businesses usually required to invoice their client in advance. These businesses incl
15 views0 comments
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