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 Branches
- Receipt from Head Office or from the Branch directly
Head office billing is implemented by means of a coding convention for the names involved. The rules are as follows:
The code for a Head Office must end in a period.
E.g. KFC. (Note the dot)
Branch codes consist of the head office code and an appropriate suffix.
E.g. KFC.AMK (Ang Mo Kio branch), KFC.EC (East Coast branch) etc
Watch the short video on the concept below:
SMEs can adopt Moneyworks with the support of Productivity Solutions Grant (PSG) up to 50% of the qualifying cost and at the balance 50% out of pocket expenses can be further claimed through SkillsFuture Enterprise Credit (Up to 90% of the out of pocket expenses).
Note: Subject to approval from relevant grant agencies and grant availability.