Migrate and change to Moneyworks
The Best Time to Migrate and Change to MoneyWorks Accounting Solution: Quarter-End and Year-End Migrating to a new accounting solution like MoneyWorks is a significant decision for any business. Timing this transition correctly can minimize disruptions and ensure a smooth transition. Two optimal periods for making this change are the quarter-end and year-end, particularly due to the GST (Goods and
Converting to Moneyworks
Converting to MoneyWorks? Switching accounting software can seem daunting, but transitioning to MoneyWorks is a straightforward process with the right approach. Here’s a step-by-step guide to help you convert your existing accounting data into MoneyWorks efficiently. 1. Prepare for the Transition Choose a Swap-Over Date: Select a date to switch systems. The end of a financial year or a trading month is ideal, but
Why MoneyWorks Accounting Software is the Best Choice for Singapore Businesses
Why MoneyWorks Accounting Software is the Best Choice for Singapore Businesses? MoneyWorks accounting software stands out from other accounting software due to its flexibility and range of versions tailored to different business needs. Here are some unique differences: Multiple Versions: MoneyWorks offers several versions to cater to different business sizes and requirements: Cashbook: For simple cash-based accounting (FREE). Express: Adds
Moneyworks Gold – Standalone and Client
Moneyworks Gold – Standalone and Client is the main software to use as a standalone as well as a client to both Moneyworks Datacentre and Moneyworks NOW. What is this Moneyworks GOLD about? Abstract directly from Moneyworks developer website: MoneyWorks® Gold Need all the bells and whistles? MoneyWorks Gold has all the features of MoneyWorks Express plus cost centre accounting, multi
Bill of Materials (BOM) with Batch number – Moneyworks
How to manage a Bill of Materials (BOM) with batch number in Moneyworks? Here’s a brief overview to get you started: Understanding Bill of Materials (BOM) A Bill of Materials (BOM) is a comprehensive list of materials, components, and subassemblies required to manufacture a product. It serves as a recipe for production, ensuring consistency and efficiency. Batch Number Tracking Batch number
MoneyWorks Datacentre: The Best Accounting Solution for SMEs in Singapore
MoneyWorks Datacentre: The Best Accounting Solution for SMEs in Singapore In the dynamic business landscape of Singapore, Small and Medium Enterprises (SMEs) require robust, flexible, and scalable accounting solutions to manage their financial operations efficiently. MoneyWorks Datacentre stands out as the premier choice for SMEs, offering a comprehensive suite of features tailored to meet the unique needs of growing businesses.
Moneyworks – Sustainable Solution for Climate Friendly Households Programme
Moneyworks – Sustainable Solution for Climate Friendly Households Programme Introduction Moneyworks – Sustainable Solution for Climate Friendly Households Programme as used in independent store in voucher scheme help elderly consumers with energy- and water-saving appliances. The Climate Friendly Households Programme (CFHP) is a commendable initiative in Singapore, aimed at promoting sustainable living practices. Under this program, every HDB household receives
Moneyworks Accounts Category Setting
Moneyworks Accounts Category Setting allows setting of category and sub category for up to 4 sets. Here is an example of how we can use Category, Category2 and Category3 in our accounts to give us different presentation. Here is our example utilising 3 Categories: Main Category: My Fixed Asset Category2: Commercial and Residential Category3: Furniture and Property So from here,
Singapore 2024 GST 9% (ABSS MYOB and Moneyworks)
Singapore 2024 GST 9% (ABSS MYOB and Moneyworks) will commence in 1st Jan 2024. This changes will not only affect your personal consumption, it will also increase the operation cost for business in one way or another. In this article, we are not talking about effects on business, but on our business operations especially for those who are using ABSS/
Moneyworks Improvement
Moneyworks Improvement has been exciting to users lately. Have you updated your Moneyworks to version 9.1.5r2? You can read about the official release here: http://www.cognito.co.nz/blog/#op What caught our attention are these 3 enhancement: Side Bar Theme: Aesthetically differentiating one datafile (or company accounts) from another Custom List View: Ability to save different views and allow users to toggle how they
Moneyworks Head Office Billing
Moneyworks Head Office Billing allows users to have bill to head office but delivering address to branch locations. Who will need to use this? Customers with multi-branches or outlets (retail chain stores like NTUC, KFC, MacDonalds) Renovation sub-contractors whose fulfilment is not direct customers What does Head Office billing concept solves? Bill to Head Office, delivery to Head Office or
PSG and SFEC Grant
PSG and SFEC Grant has been around for a few years helping SMEs quietly. Have you benefitted from the combine effect of both grants?Most of us knows PSG (Productivity Solutions Grant) and many of our customers has adopted Moneyworks Accounting Solutions under PSG enjoying from claiming 80%, down to 70% and now currently at 50% of the qualifying cost. However,
Moneyworks with Productivity Solutions Grant
Enhance Business Productivity with Moneyworks Accounting Solution and the Productivity Solutions Grant In today’s fast-paced business environment, staying competitive requires efficient and streamlined processes. Small and medium-sized businesses in Singapore can achieve this goal by leveraging modern accounting software like Moneyworks and utilizing the Productivity Solutions Grant (PSG). This grant is a government initiative aimed at helping businesses adopt technology
Moneyworks – Price Inclusive or Exclusive GST
Moneyworks – Price Inclusive or Exclusive GST in invoicing will allow some customers to deal with retail sales. Some customers especially retail customers would need all price quotes or invoice inclusive of GST. Here is our solutions to such arrangements using multiple price level. 1. Setup the products with price level in Selling Info tab of your item, tick Multiple
Moneyworks POS
MoneyWorks POS (Point of Sale) has been launched in late March 2023. Here is how mwPOS looks like: Simple, functional integrated Point of Sale. A full screen POS incorporating PLU buttons, baarcode scanning, customer loyalty, split payments, parked transactions and more. Being a full MoneyWorks component, each sale will automatically update inventory, cost of sales, and other ledgers. The MoneyWorks
Multi-Branches Centres
Multi-Branches Centres and Outlets management can be challenging if company is also managing departmental and project at the same time. Moneyworks allows departmental, classification and projects that handles most of the complex businesses. However, each department can only tag to a classification and projects are used for job allocation and reporting. With such a scenario, we will have to customise
Margin Report – Moneyworks
Sales margin report for each customer can serve several purposes, including: Understanding customer profitability: By analyzing sales margin reports for each customer, businesses can gain insights into the profitability of individual customers. This information can help businesses make informed decisions about which customers to focus on and how to allocate resources to maximize profitability. Identifying opportunities for growth: Sales margin
Productivity Solutions Grant (PSG) Support Drops to 50%
https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/productivity-solutions-grant The Productivity Solutions Grant (PSG) is a government initiative aimed at helping small and medium-sized enterprises (SMEs) in Singapore to adopt technology solutions and equipment that can enhance productivity and reduce business costs. However, the PSG support rate has recently dropped from 70% to 50%, and this has raised concerns among SMEs about the impact on their business operations.
Better Data Driven Business
The Better Data Driven Business (BDDB) programme helps SMEs gain deeper consumer insights and scale up their businesses through responsible use of data. It aims to support two types of SMEs, those that are starting to learn to use data to generate insights, and those that seek to apply and share data for more complex purposes. Read more at: Upscaling
ECommerce + Accounting
Ecommerce + Accounting is the greatest combination for many online businesses. Many online business today struggle with administrative work which is very unnecessary. Both Ecommerce shopping cart and accounting solution issues invoices or receipts to customers who buy online (ecommerce) while offline (accounting). Yet they would need to key the ecommerce transaction into accounting solution for accounting purposes. We now
