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
Speed Up MYOB We have been hearing complains of MYOB performance issue for years. We are going to propose 3 ways you can speed up MYOB. Users of MYOB usually complain of speed or performance issue coming from MYOB multi-user environment. Here are 3 options you can consider: Improve your network infrastructure User of remote
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
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
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
Accounting Integration In this new era, traditional retailers are moving online as a way to expand market. However, we are aware that for bigger corporation with resources would be able to deploy sophisticated technology to not only automate the processes, but also implement AI to help them improve their businesses. Accounting integration is now part
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
