Tag: myob

Sourcing for good accounting solution

Moneyworks – Seriously Good Accounting Solution ABSS (formally known as MYOB) Sourcing for good accounting solution in Singapore can be quite a major task as there are too many solutions out there in the market place. Even as vendor, it took us quite a while to conclude what product we deem as good for our […]

Product Batch Tracking

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 […]

myob

Speed Up MYOB

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

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 setup simplified, Moneyworks for Education,

Moneyworks Automation for Education

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 […]

ABSS Premier v21

ABSS Premier v21

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 […]

ABSS Upgrade & Comply

ABSS Upgrade Cover

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Customer Accounting

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

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 […]