EH Lim
Specify the currency conversion rate (Exchange Rate)
For purchases made from a GST register trader in foreign currencies, the supplier has to reflect the GST payable on the invoice in...
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EH Lim
- Jan 10, 2017
- 1 min
Multiple locations plug-in for MoneyWorks accounting software
You can transfer and track the stock of each store with the Multiple Locations plug-in for MoneyWorks accounting software.
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EH Lim
- Dec 21, 2016
- 1 min
Financial year-end closing
Financial Year (aka Fiscal Year) consist of financial periods used to calculate annual income statement for businesses. If you are...
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EH Lim
- Nov 28, 2016
- 1 min
The Fixed Assets
When purchasing an asset in foreign currency, you need not convert manually into a home currency value before recording it into the...
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EH Lim
- Nov 4, 2016
- 1 min
MoneyWorks accounting software update v7.3.8
MoneyWorks update v7.3.8 is now available. This update is about bug fixes and improvements, click here to view the change history....
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EH Lim
- Oct 26, 2016
- 1 min
Posting transactions
When a transaction posted, it updates the relevant accounts such as receivable and payable, stock on hand and prevents others from...
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EH Lim
- Oct 21, 2016
- 1 min
Show full names in MoneyWorks report
The analysis reports such as "Customer by Item" and "Customer Sales by Month" allow the user to print with "full name". For example, if...
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EH Lim
- Oct 18, 2016
- 1 min
Cancel Transaction or Write Off
Both "Cancel Transaction" and "Write Off" of an invoice generates a Credit Note to knock off an amount owing. So, what's the different...
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EH Lim
- Oct 11, 2016
- 1 min
Others Name Type
What’s in a Name? A name record stores contact and address information about customers and suppliers, as well as other people or...
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EH Lim
- Oct 6, 2016
- 1 min
GST-inclusive prices
The default setting of an item's unit price in MoneyWorks is Tax-exclusive. For example, if $100 is the unit price, the tax will be $7...
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EH Lim
- Sep 29, 2016
- 1 min
Show Tax column in invoice transaction
By default, MoneyWorks does not show the tax column in transactions windows such as Sales Invoice and Purchase Invoice. When recording a...
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EH Lim
- Sep 22, 2016
- 1 min
Detail.Tax or Transaction.TaxAmount?
To show the GST amount of each item sold in the invoice, you need to add a column into the template with the GST amount field. You should...
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EH Lim
- Sep 19, 2016
- 3 min
Reverse backdated exchange rate change
You can have foreign currency set in accounts such as the bank, accounts receivable and accounts payable. When there is a rate change,...
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EH Lim
- Sep 6, 2016
- 1 min
Bank Reconciliation
Bank Reconciliation is a process of matching the transactions and balances in the ledger against the Bank Statement and ensure...
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EH Lim
- Sep 2, 2016
- 1 min
Only base currency accounts are allowed
You get an error message of "Only base currency accounts are allowed" when you tried to record a payment transaction from a bank account...
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EH Lim
- Aug 31, 2016
- 2 min
Composite Tax
The three Tax Types available in MoneyWorks are G.S.T. or V.A.T., Sales Tax and Composite Tax. Different country has a different tax...
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EH Lim
- Aug 23, 2016
- 1 min
Relookup Item Price when transaction recurs
The recurring transaction helps automate the data entry. For example, you may have monthly recurring general journals such as...
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EH Lim
- Aug 18, 2016
- 1 min
Moving your MoneyWorks to a new Computer
When changing a new hardware, you are required to install MoneyWorks on the new computer and activate it. Then, move the company file(s)...
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EH Lim
- Aug 16, 2016
- 1 min
Server is busy
Error message: Server is busy Another user (username) is performing an exclusive database operation (Add Transaction). Click OK to retry...
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EH Lim
- Aug 12, 2016
- 1 min
Register your MoneyWorks accounting software
You should. It is important that you register your copy of MoneyWorks accounting software. Besides claiming ownership of the licence...
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