Q: We are in a multiuser MoneyWorks environment. How do I show or check which employee entered a transaction or transactions into the accounting system?
Why can’t we have current payments show up in the ‘Current Year’ category. They can only be viewed under ‘The Previous Year’ category. We have tried to change it to ‘Current Year’ but are unable to find directions for doing so.
Question: How do I change customize terms for customers?
Question:How do I go in and lock the year end so that no changes can be made after that date?
Another common question from new users from who I received two this month, is about how MoneyWorks records ship to addresses on purchase orders and records part numbers being ordered.
Q: I am confused about how MoneyWorks adds the shipping address to the Purchase Order I send to the supplier. Sometimes I need them to ship to a special address. And they also want me to use their part numbers, which totally messes up my Item coding system.
Q: I have an open PO that I want to process multiple receivings’, with different supplier invoices against this open PO. How do I do that please?
Q: I have a few customers that have overpaid their invoices by a few cents. How do I write off these small amounts?
Write off overpayments Continue reading
If you are using MoneyWorks V6 in BC you will now have to convert back to GST & PST (see previous article) and then add the GST & PST to your invoices. If you were using MoneyWorks prior to July 1, 2010, you most likely have the appropriate fields on the form, In any case you will either have to modify them or add them to your invoice form using Forms Designer. At the bottom of the invoice you will need the following calculation fields: Continue reading
If you do not already have the GST, PST and combination taxes from the past and only have the HST tax, the first step is to:
Create the GST & PST tax codes. Continue reading
NOTE: The previous post was incorrect this update hopefully corrects that.
Rate change starting Jan 1, 2013 : As of January 1, 2013, the provincial rate will no longer be applied to federal GST, but it will be increased to 9.975% to compensate.
The existing tax codes in MoneyWorks will record the new tax rates correctly as the resulting tax rate remains the same, e.g. 14.975%
However if the Quebec government decided to change the tax rate in the future, changes would have to made to the MoneyWorks tax codes. So your choice is to do nothing until the next tax rate change or do a change now that will allow you to more easily manage tax rate changes in the future. Your choice.
Read on to see how to make the change now.
Q: How do we track inventory when our suppliers ship direct to our customers. We would like to enter the order from the customer and have that become the order for the supplier but our inventory is always messed up.
If you want to manage inventory, tracking stock on hand etc., you have to record the sales by item number and you have to record the receiving of those items, even if they have never physically entered your warehouse, as in the case of your supplier shipping the goods directly to your customer.
However, using Gold or Datacentre you only have to enter the details of the order once. It starts by assigning the Usual Supplier to the Item Records…. Continue reading
Q: We are a transaction intensive company. I have about 400 transactions that were posted but have been cancelled and corrected. The problem is that the cancelled transaction looks exactly the same as the corrected one so need to look up each transaction and then determine which one is correct. Before I start doing that, I want to be sure this is the ONLY way to get this done.
The status or state of transactions (Receipts, Payments, Invoices etc.) is shown when you click on the Blue Info button of the transaction. Continue reading
Credit Notes are negative sales invoices, where you owe a customer for returned products etc. Likewise a Credit Note could be a negative supplier invoice where a supplier owes you money for products you may have returned for credit.
In the quick video below we have created a credit note for a customer who has returned goods and then applied that credit note to an outstanding receivable invoice that a customer still owes, using the Adjust > Contra option. Continue reading
Q: We have a customer who had a cashier’s check before knowing the amount of their invoice. This created an overpayment. We paid the customer change from cash, and deposited check in bank. Can you provide me some options for accounting for this? Continue reading
You will not be able to enter into a period if it is locked or closed (check using the Open/Close period command in the Command menu). Continue reading
The most likely reason that you cannot close a period is because there are unposted transactions in the period. Continue reading
Although MoneyWorks does not include payroll calculation tables, payroll checks can be processed within MoneyWorks recording the expenses and liabilities.
Although MoneyWorks does not include payroll calculation tables, payroll cheques can be processed within MoneyWorks recording the expenses and liabilities.