Enquiries can be made about the balances in an account or a range of accounts—or the transactions in unpurged periods for an account. — MoneyWorks v7 User Guide page 177 - Account Enquiries The Ledger Report prints posted transactions, whereas the Account Enquiries includes unposted transactions. The Account Enquiries is a quick way of searching the data of a relevant account(s). The Enquiries window consists of three tabs, which are the Balances, Graph, and the Movement. The

The Find Related command allows to locate records in other lists that are related in some way to the currently highlighted records. It is a very powerful way of finding out information such as: Who has purchased these products? Who hasn’t purchased these products? What products have been purchased by these customers? What other products have been purchased by customers who purchased these products? What transactions were used to pay these invoices? — MoneyWorks v7 User Guide,

The default Sales Invoice template, such as the Product Invoice 1, in MoneyWorks prints the Sales Invoice reference number after the Tax Invoice form title. To have the Sales Invoice reference number separated from the form title, you need to break them up into two separate fields. Sample: Tax Invoice 1875 Refer to MoneyWorks version 7 User Guide page G-379 — Forms Designer The Transaction.OurRef in the database is the field used to capture the sales invoice reference number.

Cognito has released has released a new update -- v7.3.6r1 The Change History is available at Cognito website. #updates #Macaccountingsoftware #moneyworksaccountingsoftware #MoneyWorks

The PIC (Productivity and Innovation Credit Scheme) introduced by the Singapore government helps the SMEs acquire new IT infrastructure and improve the productivity. When hardware changed, moving your MoneyWorks to a new computer is easy. You just need to download the MoneyWorks from Cognito website, install and register the MoneyWorks accounting software. Then, copy (or restore) the MoneyWorks Document (Company file) to the new computer (unless your data is on a network driv

The Bank, Accounts Receivable, and Accounts Payable account can be set with a foreign currency. Instead of creating the foreign currency loan account as a Current Liability or a Term Liability type of account, which only can be set with a base currency, create it as a bank account type. Change the "Bank Account is" field under the Bank Setting tab of the Bank account to "Term Loan". Although, the "Term Loan" is a Bank account type, it will be shown under the Term Liabilities

The MoneyWorks Datacentre 7.3.6 update is now available. This incorporates a number of important bug fixes. Please review the complete list of changes at MoneyWorks 7.3.6 Change History. System Requirements: Mac: OS X 10.6.8 (Snow Leopard) - OS X 10.11 (El Capitan) Windows: XP SP3 - Windows 10 #updates #Macaccountingsoftware #moneyworksaccountingsoftware

Software, which is not a touch application, may have an issue operate in the Microsoft Surface Pro table. Due to the high resolution of the Microsoft Surface Pro, the icons of the MoneyWorks 7 are too small to hit accurately with your fingertip. Instead of lower the resolution, which may affect the user experience of using a Microsoft Surface Pro, you may consider using a MoneyWorks keyboard shortcut. Almost every button in MoneyWorks can be activated using the keyboard. Exam

A Validity Date of Quote helps protect the buyer and seller; the price quoted is being locked within an “x” number of days from the quote date. The Due Date in a Quote can be used as a Validity Date. You may add the Due Date field (Transaction.DueDate) by inserting a new Calculation field with the Transaction.DueDate in the Calculation Box; or duplicate both the field label and field data of the Quote Date (Transaction.TransDate), then rename the duplicated field label to “Va

It’s classified as a non-inventoried item if “We stock it and treat inventory as asset” checkbox of an item is not checked. Instead of debiting the Inventory Asset account, the Cost of Goods Sold account will be realised when the purchase invoice is recorded into the MoneyWorks accounting software. Besides, the related transactions will not be included in the stock report. If the “We stock it and treat inventory as asset” checkbox is checked after the related transactions hav

The year is broken into periods. You normally have 12 periods in your financial year, each one corresponding to a calendar month. However MoneyWorks lets you have anywhere from two to fifteen periods. MoneyWorks Manual, Page 10 — Periods If your financial year starts from January and ends in December, based on 12 financial periods, January is Period 1 and December is Period 12. If you have opted for 13 periods, that is "Twelve Calendar Months Plus End", an additional Period 1

When a product code changed, instead of creating a new product code and transfer the stock on hand and value from the old product code to the new product code, you can amend the existing product code and alter the existing transactions (both posted and unposted transactions) to a newer code. Before you make any changes to the product code, modify the preferences (From the Edit menu > Document Preferences > Data Entry tab > checked the checkbox for “When altering an item maste

Most of the Chinese owned company gives "Ang Bao" (red packet) to staffs during Chinese New Year, especially on the first day they resume business after the long Chinese New Year break. Giving "Ang Bao" to staff is a local custom, which most Chinese bosses still practise (as a form of "good luck"). "Ang Bao" is a gift, which is an expense. Assume you took out $500 from your petty cash account and give $50 "Ang Bao" to each of your ten staff. A Payment transaction may be used

You can claim GST relief on your bad debts if you meet the conditions and requirements under the GST (General) Regulations. You can do a self-review to determine if you are eligible to claim bad debt relief by using the checklist, Self-Review Of Eligibility In Claiming Bad Debt Relief. If you satisfy all the conditions, you can proceed to make a claim by including the amount in Box 7 "Input Tax" in the GST F5. -- IRAS -- How to record a bad debt relief in MoneyWorks accountin

A full transaction listing of a customer or supplier can be viewed using the Payment History function. Highlight the Customer (or Supplier) and click the Pay Hist button on the icon bar will bring you to the Payment History window of the highlighted name. The Payment History shows both the invoice and payment transactions of the selected name. You can view via Payments, Invoices, or all transactions, which is sorted in the date order by default. Payment History is useful as i

MoneyWorks is a double-entry accounting systems. When you record a transaction into MoneyWorks, it updates the relevant accounts automatically. For example, when you record a Sales Invoice into MoneyWorks, it debits the Accounts Receivable and credit the Sales account. Highlight the transaction(s) and click the "Details" button to print a Transaction Detail report, which shows the double entry of the transaction(s). The Transaction Detail report helps the accountant to check

Bug fixes. Click here to view the change history. #updates #Macaccountingsoftware #accountingsoftwaresingapore #MoneyWorks #moneyworksaccountingsoftware

Statement of Cash Flows report uses the Category3 field of the Balance Sheet account to separate the report into Operating (OP), Investing (INV) and Financing (FIN) activities. You can insert OP, INV or FIN into the Category3 field of the Balance Sheet account one at a time or update multiple accounts with a Replace function. Replace function is an efficient way to change the field data of multiple accounts (or transactions). Highlight the accounts from the Chart of Accounts

The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher value at S$5,000, to encourage SMEs to develop their business capabilities. You are eligible for ICV if your company: Is physically present and registered in Singapore Have at least 30% local shareholding, and Have a group annual sales turnover of not more than S$100 million OR group employment size of not more than 200 workers. Our reseller, Asia Hawk and Solarsys Microsystems, are pre-qualif

In financial accounting, a cash flow statement, also known as statement of cash flows, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities… More MoneyWorks v7.3 update includes a Statement of Cash Flows report. The Category3 field of the Balance Sheet accounts is being used to generate the Statement of Cash Flows report. You need to