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
Product Batch Tracking Product batch tracking, sometimes known as lot number tracking is critical for some products and industries. Food industries track batch and expiry because they need to keep products fresh, while pharmaceutical industries need to track who is holding on to certain batch of products in the event of product recall they are
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
Departmental or Cost Centre Accounting Departmental or cost centre accounting has always been desired but lacking in many accounting solutions. It has not been easy to departmentalise our income and expenditure due to the fact that we have been breaking our analysis on project costing, item tracking and customer costing as priority and it has
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
Landing Cost Calculation Include Landing Cost Calculation To Your Product Costing. Many will want to know our product’s real cost to calculate the product profit margin accurately. For that to happen, you will need to landing cost calculation, however we know it is quite troublesome to spread our freight cost to each item’s pricing. You need
You might have seen or received bank’s payment voucher with detachable cheque for you to tear out and bank in, while payment voucher is for your filing and reference. Banks do sell them for about S$1 per cheque. Sample payment voucher with attached cheque This desired format does have benefits: Automation in cheque printing without having separate
Comparing ABSS / MYOB vs Moneyworks Comparing ABSS / MYOB vs Moneyworks is not a difficult task.However it is important to compare and contrast both software to give your purchase a great value. Both MYOB and MoneyWorks belongs to the category of on-premise accounting solution with many similarities for sales, purchasing, operations, inventory and accounting for small businesses. While MYOB has
Click on Invoice to Allow Payment via PayPal Online Payment is not new. We have been paying our bills and online purchases via credit card and merchant services like PayPal etc. As the adoption is increasingly getting popular, we would want to explore how our customers can pay for our services using online payment. Many would have
