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Should I use a credit note or cancel the transactions?
A credit note is for returns of goods or adjustments to past invoices. Whereas the cancel transaction for reversing a wrong entry.
EH Lim
Jan 28, 20222 min read
What's your budget?
Having a budget is extremely important when moving towards a new normal. It is crucial to monitor the performance in an uncertain market.
EH Lim
Jan 4, 20222 min read
Stocktaking
Stocktake is part of the financial year-end closing. Start the stocktake process before your long holiday break. Happy new year!
EH Lim
Dec 28, 20212 min read
Merry Christmas!
Merry Christmas!
EH Lim
Dec 23, 20210 min read
MoneyWorks doesn't use Log4j
Cognito has released MoneyWorks 9.0.7 update, primarily a bug fix.
Visit the Cognito website for the change history in version 9.0.7.
EH Lim
Dec 16, 20211 min read
Why can't I open a new period?
Once the maximum number of periods has reached, close some of the older periods to open up a new period in MoneyWorks accounting system.
EH Lim
Nov 29, 20212 min read
Profit and Loss by Date Range
Besides bug fixes and improvements, Cognito added a new Profit and Loss by Date Range report into the MoneyWorks accounting system.
EH Lim
Nov 9, 20211 min read
Product costing
Product costing gets complicated when involving landing costs.
EH Lim
Oct 6, 20213 min read
MoneyWorks Datacentre version 9.0.3 update
Besides bug fixes and performance improvement, the import bank statement feature in MoneyWorks now supports the CSV format.
EH Lim
Sep 13, 20211 min read
Nope, I had already paid!
The payment status of an invoice, find the related payment or a historical payment listing; MoneyWorks has features that an accountant needs
EH Lim
Aug 30, 20211 min read
MoneyWorks version 9.0.2
Now, you can have an option to set the GST rounding to follow the Banker's rounding method or round up to the nearest half cents.
EH Lim
Jul 27, 20211 min read
Insert a new line in Invoice or Order
Insert line item anywhere in the MoneyWorks accounting software's transaction by press down the Shift key + clicking on the Add Line button.
EH Lim
Jun 7, 20211 min read
New release! MoneyWorks version 9
A Search function in the report preview and Fixed Assets module is among the new enhancement of MoneyWorks accounting software version 9.
EH Lim
May 17, 20212 min read
Manage non-profit organisation's programs with the Job feature
You can use the job feature in MoneyWorks accounting system to track the projects and programs for the non-profit organisation.
EH Lim
May 5, 20212 min read
Itemised discount vs a Lump sum discount
MoneyWorks accounting software's product analysis does not include the discount on the product itself.
EH Lim
Apr 21, 20212 min read
How to record a credit note?
MoneyWorks uses the reverse sales invoice (negative invoice) method to record a credit note.
EH Lim
Apr 13, 20212 min read
GST on imported goods
The Customs (or the forwarder may pay on your half) will impose the GST on the imported goods when goods arrived in Singapore.
EH Lim
Mar 30, 20211 min read
Error correction
It does not delete when you cancel a transaction; instead, it creates a reverse entry to correct it and forms an audit trail for the account
EH Lim
Feb 26, 20211 min read
EH Lim
Feb 10, 20211 min read
Cancel Transaction
Posting is a fraud control feature in MoneyWorks to prevent editing once the account has finalised. You cannot modify once posted...
EH Lim
Feb 2, 20211 min read
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