Changing Accounting Software This is the time of the year whereby we will be involve in changing of accounting software due to year end cut over. Be it from ABSS to Moneyworks or whatever software to another, it will vary based on software functionalities of both software involved. We will discuss what is the work
Wholesale, Retail and F&B Accounting Wholesale, retail and F&B accounting is typically useful for multi-channel distribution business. One typical example is an alcohol distributor who does import/export, sells wholesale to other retail outlets, setup his own retail outsets or online sales channel and also F&B outlets for the convenience of people who just want to
Moneyworks Automation for Education Moneyworks automation for education business involves simplifying managing government subsidies. We met with one client who started to shared with us about their current problem which is common in the education industry. Current situation: They are using MYOB (now known as ABSS) for the accounting, however, they have pre-printed receipt booklets
Productivity Solutions Grant (PSG) Productivity Solutions Grant (PSG) was announce in this year’s budget to assist companies to adopt pre-scoped IT solutions. You can refer to SME Portal for more details. What does it do? It covers sector specific IT solutions to assist specific sectors as well as some generic IT solutions for sectors not
Unleashing ABSS Premier v21 What’s new with ABSS Premier v21 Introduction to Customer Accounting (which is explain in our previous blog) New Report – Financial Analysis There are three types of analysis provided in this report: a) Liquidity Ratios Cash Ratio A liquidity ratio – measures a company’s ability to pay off its current liabilities with only cash
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From 1 Jan 2019, you are required to apply customer accounting on a relevant supply of prescribed goods made to a GST-registered customer for his business purpose. A relevant supply is: a local sale of prescribed goods whose GST-exclusive sale value exceeds $10,000 and is not an excepted supply. The prescribed goods are mobile phones,
MoneyWorks Express v8 accounting software is a hidden gem for SMEs due to the fact that most Singapore companies are asking for IRAS compliance, it has been largely neglected although it does provide IAF file and GST form 5 reports. Therefore, most SMEs ended up buying Moneyworks GOLD and Datacentre even though some only require basic
MYOB is now rebrand as ABSS in Asia MYOB is now ABSS ABSS MYOB – As of 2018, MYOB products will be known and sold as ABSS for Asia market. LOGO: Will replace this: PRODUCT: MYOB Accounting and MYOB Premier Will now be replaced with: ABSS Accounting and ABSS Premier How does it affect
Are you prepared against RANSOMWARE? I may have spoken to many of you, and also written articles to explain about Ransomware, but we still receive many emergency disaster recovery request. Especially those who did not adopt our SMESUITE solutions. Those on SMESUITE server, you can ignore this message as you are quite well protected. You have not got into any trouble,
