The invoice reference number is auto-generated if you are using a computerised accounting system.

New year, new start, new plan. It is time to set a budget for 2021; project growth and monitor the spending for a better year...

Cognito has released MoneyWorks 8.2.5 update, fixed some bugs found in running MoneyWorks on the new macOS Big Sur. Please refer to the...

A contra, in MoneyWorks accounting system, is to knock off the credit note of the same customer or supplier with their invoice.

MoneyWorks accounting system uses lists to present the information. Simple and easy.

Renamed the accounts receivable to trade debtors (or trade receivable) if you prefer to separate trade from non-trade...

MoneyWorks is not a POS, but that doesn't stop the user from using the receipt feature, occasionally, recording cash sales transaction.

If both invoice and credit note is in a different currency, then have to consider using a contra account to clear them instead.

The computerised accounting system has eliminated most of the tedious double-entry work.

Sequential number (a.k.a reference number or document number) is a number on each accounting transaction. It has to be unique.

The data has to be in rows and columns (like CSV), usually exported from a quotation or a CRM system, to import into an accounting system.

Coronavirus pandemic has sent a shockwave to small businesses. It changes how we used to work.

Cognito has released MoneyWorks update version 8.2.3. There are features improved and bug fixes in this update. Check out the full change h

You lock the crossover period to prevent data wrongly entered or removed after you have migrated to MoneyWorks.

Venture into a new piece of software is not going to be easy for you or your team. Different businesses, or even those in the same industry,

Output to Numbers and Excel are available in MoneyWorks. However, you may use the clipboard method if you are using Google Sheet.

The name table is part of the accounting software, stores the customer and supplier, which then used in generating orders and invoices.

Currency revaluation process converts the balances in the foreign currency-denominated account to the reporting currency.

Password is a 'key' allowing you to access to a place, or in our case is the database. Password is confidential and should not be shared.

Email official document in PDF instead of the traditional print, stamp, sign, and mail method is a norm as work from home is widely adopted.