When overpayment is received from a customer, there is a temporary “overpayment” detail line added to the Receipt transaction. Example:...

In our previous post, we discussed about the aged receivable. A transaction needs to be posted before it updates the general ledger. So,...

Refer to MoneyWorks v7 User Guide, Page 201, “GST, VAT, Sales Tax & Tax Codes”. The GST report can be printed from the Reports menu | GST...

The GST paid on behalf of your customer to the Custom for the goods imported (usually happened in logistic business) are not your...

The “Date” show on your Window Desktop (lower right corner of the desktop) is formatted as DD/MMM/YYYY (example: 12 June, 2015), but the...

Overpayment: When payment received from a debtor is greater than the amount owed. Assume you have an outstanding Sales Invoice of...

GST (Goods and Services Tax) is not an expense nor an income. The tax amount received (Output tax) from the supply of goods and services...

Software: MoneyWorks version 7 accounting software When creating a Product item in MoneyWorks accounting software, you have an option of...

Software: MoneyWorks v7 accounting software After verified the tax code (GST code) and tax rate (GST rate) are correct, you need to...

Assuming when cross over to MoneyWorks accounting software as at 31 December 2014, you created a stock item, P101, but forgotten to add...

If you have been using the MoneyWorks accounting software before the localisation of “Malaysia GST”, you can change the setting from the...

Software: MoneyWorks accounting software When you make an account enquiry of the Cost of Goods Sold account, the sales invoice...

Heading Only. If you want the account to be primarily used as a heading in summary reports, set this option. You will not be able to...

When crossing over to a new accounting software, often you will crossover after you have closed up the existing book. That is, to start...

In our earlier post, we discussed about how to record the outstanding sales invoices. Besides the outstanding sales invoices you are...

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...

In our earlier post, we discussed about how to record the outstanding sales invoices. If you have a Debtor’s Credit Note outstanding as...

When crossing over from the existing accounting software to MoneyWorks accounting software, you need to record all the outstanding sales...

When print the GST report, by default, the "Show Transactions" checkbox in the print setting preferences has already been checked. This...

When printing the GST report for the last quarter, which exchange rate will the MoneyWorks accounting software be used? Transaction...