EH Lim
Accounting Software – Closing Date vs Crossover Date
When crossing over to a new accounting software, often you will crossover after you have closed up the existing book. That is, to start...
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EH Lim
Nov 20, 20141 min
Crossing over to MoneyWorks - the outstanding bills
In our earlier post, we discussed about how to record the outstanding sales invoices. Besides the outstanding sales invoices you are...
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EH Lim
Nov 13, 20141 min
Realized exchange rate differences - the exempt supplies
A new GST Form 5, v1.0.9, was included in the MoneyWorks accounting software update (v7.1.7). The new GST Form 5 includes the realized...
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EH Lim
Nov 12, 20141 min
MoneyWorks accounting software version 7.1.8 update
MoneyWorks accounting software version 7.1.8 update is now available. Please view the change history here. #news #accountingsoftware...
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EH Lim
Nov 11, 20141 min
Outstanding Credit Note
In our earlier post, we discussed about how to record the outstanding sales invoices. If you have a Debtor’s Credit Note outstanding as...
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EH Lim
Nov 8, 20142 min
Record the Outstanding Sales Invoices
When crossing over from the existing accounting software to MoneyWorks accounting software, you need to record all the outstanding sales...
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EH Lim
Oct 30, 20141 min
The GST Detail Report
When print the GST report, by default, the "Show Transactions" checkbox in the print setting preferences has already been checked. This...
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EH Lim
Oct 29, 20141 min
Exchange rate used in GST report
When printing the GST report for the last quarter, which exchange rate will the MoneyWorks accounting software be used? Transaction...
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EH Lim
Oct 24, 20141 min
Stock item
When record a purchase invoice with the stock item A1001, the Stock On Hand account is debited and the Accounts Payable account is being...
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EH Lim
Oct 22, 20141 min
Happy Deepavali
Wishes all a happy holiday! #greeting #accountingsoftware #accountingsoftwaresingapore
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EH Lim
Oct 17, 20141 min
MoneyWorks accounting software v7.1.7 update
MoneyWorks accounting software version 7.1.7 update is now available. Please view the change history here. #accountingsoftware...
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EH Lim
Oct 11, 20141 min
Daily exchange rate or monthly exchange rate?
Which exchange rate should I be using? Daily exchange rate or monthly exchange rate? From the IRAS e-tax Guide “GST: Exchange Rates for...
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EH Lim
Sep 29, 20141 min
MoneyWorks 7.1.6 update is now available
Note: due to changes in the network protocol, MoneyWorks Gold 7.1.6 will not log in to an older server. Be sure to update servers first....
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EH Lim
Sep 22, 20141 min
Set up the default bank account
When you have multiple bank accounts and like to set a default bank account at the payment or the receipt transaction, you may do so by...
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EH Lim
Sep 18, 20141 min
Nonrefundable Deposit
Assume your client confirmed a project with you and agree to pay a nonrefundable deposit of $10,000. The deposit will be used as a part...
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EH Lim
Sep 2, 20142 min
Payment Received on behalf of third parties
Assume that you own 2 companies, CoA and CoB. You have a debtor, DebtorA, owes CoA $1,000 and CoB $2,000. Instead of making payment to...
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EH Lim
Aug 14, 20141 min
GST code used on the Deposit account
If you need to have multiple GST codes when collecting deposits from customer or made advance payments to a supplier, then you are...
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EH Lim
Jul 10, 20141 min
MoneyWorks Datacentre 7.1.5 Update
The MoneyWorks 7.1.5 Datacentre update is now available as part of your annual software maintenance. Amongst other enhancements, this...
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EH Lim
Jun 29, 20142 min
The Exchange Gain/Loss, how it works?
How it works? Assume that as of 31 May you had set the exchange rate for 1SGD to 0.8000USD (sing the month end exchange rate). You...
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EH Lim
Jun 21, 20142 min
GST for the benefits provided to employees
Generally, you are required to account for output tax on the goods given to your employees or for temporary use by employees except when...
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