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How to clear off an overpayment from a debtor?
Overpayment: When payment received from a debtor is greater than the amount owed. Assume you have an outstanding Sales Invoice of...
EH Lim
May 26, 20151 min read
Setup multiple currency in MoneyWorks accounting software
Before you turn on the multiple currency feature in MoneyWorks, you should BACKUP the company file. You cannot change or remove the...
EH Lim
Apr 17, 20152 min read
How to setup multi-location in MoneyWorks?
Cognito has created a multi-location plug-in for MoneyWorks. Multi-location plug-in can be downloaded from Cognito Website. The...
EH Lim
Apr 17, 20152 min read
Non-Claimable GST
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...
EH Lim
Apr 10, 20152 min read
Count it vs. Stock it
Software: MoneyWorks version 7 accounting software When creating a Product item in MoneyWorks accounting software, you have an option of...
EH Lim
Apr 7, 20152 min read
Importing the Chart of Accounts into MoneyWorks
Software: MoneyWorks v7 accounting software After verified the tax code (GST code) and tax rate (GST rate) are correct, you need to...
EH Lim
Apr 6, 20152 min read
MoneyWorks accounting software version 7.2 update is now available
MoneyWorks accounting software version 7.2 update is now available. Please view the change history here. #accountingsoftware #news...
EH Lim
Mar 19, 20151 min read
GST information from Royal Malaysian Customs Department
Malaysia will be implementing GST by April 2015, here are some useful GST information from the Royal Malaysian Customs Department: About...
EH Lim
Mar 16, 20151 min read
Stock correction
Assuming when cross over to MoneyWorks accounting software as at 31 December 2014, you created a stock item, P101, but forgotten to add...
EH Lim
Mar 13, 20152 min read
When mailing to Singapore…
When mailing to Singapore, usually we will write the mailing address as: 999 Street Address #99-999 Building Name Singapore 999999...
EH Lim
Mar 5, 20151 min read
Malaysia GST - change of localisation
If you have been using the MoneyWorks accounting software before the localisation of “Malaysia GST”, you can change the setting from the...
EH Lim
Mar 2, 20151 min read
Malaysia GST (Goods and Services Tax)
If you are a GST registered company in Malaysia, you need to set the localisation as “Malaysia [G.S.T.]”. Once the “Localisation” has...
EH Lim
Mar 1, 20151 min read
Happy Chinese New Year
#greeting
EH Lim
Feb 18, 20151 min read
Signing
The administrator can restrict access to reports and forms for particular users by a mechanism known as signing. This is controlled by...
EH Lim
Jan 26, 20152 min read
Why the Sales Invoice transaction shown in my Cost of Goods Sold account?
Software: MoneyWorks accounting software When you make an account enquiry of the Cost of Goods Sold account, the sales invoice...
EH Lim
Jan 7, 20151 min read
Happy New Year!
#greeting
EH Lim
Dec 31, 20141 min read
Merry Christmas!
#greeting
EH Lim
Dec 24, 20141 min read
MoneyWorks #accounting software version 7.1.9 update
MoneyWorks accounting software version 7.1.9 update is now available. Please view the change history here. #accountingsoftware...
EH Lim
Dec 18, 20141 min read
How to use the “Heading Only” account?
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...
EH Lim
Dec 2, 20141 min read
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...
EH Lim
Nov 24, 20141 min read
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