Search found 15 matches

by Biff Loman
03 Jun 2010 03:13
Forum: Canadian Issues
Topic: how do you do a tax-inclusive invoice
Replies: 5
Views: 4243

Tax included via Customer

The tax rate defaults to the tax code assigned to the revenue account assigned to the product record. You can over ride that by assigning a tax override to the Customer record. A GST & PST customer would end up at $88.50 net on a $100 dollar tax included with $4.43 in GST & $7.08 PST (ON rat...
by Biff Loman
03 Jun 2010 03:13
Forum: Canadian Issues
Topic: how do you do a tax-inclusive invoice
Replies: 5
Views: 4243

Tax included via Customer

The tax rate defaults to the tax code assigned to the revenue account assigned to the product record. You can over ride that by assigning a tax override to the Customer record. A GST & PST customer would end up at $88.50 net on a $100 dollar tax included with $4.43 in GST & $7.08 PST (ON rat...
by Biff Loman
03 Jun 2010 02:52
Forum: Canadian Issues
Topic: PST setup - special situation
Replies: 1
Views: 1897

Your financial year is the important one, Jan to Dec. The PST payments happen when they happen. Your Trial balance from Quickbooks will include the accrued PST collected amount (the amt you owe) and when it is entered via journal enter, enter that balance into the MW PST collected accounted. Then wh...
by Biff Loman
05 May 2010 08:29
Forum: General MoneyWorks
Topic: Trial Balance Tax Question
Replies: 1
Views: 1392

send an email to support@moneyworks.ca
by Biff Loman
05 May 2010 08:27
Forum: General MoneyWorks
Topic: CaseWare
Replies: 1
Views: 1873

Caseware

You or your accountant needs to add .txt to the Caseware text fiie that is exported. PCs need the extension and the hidden extensions on Mac Tiger & Leopard get stripped off by Apple mail. Add the extension and resend or the accountant can add on their end. Then they import the text file as a Mo...
by Biff Loman
05 May 2010 08:24
Forum: General MoneyWorks
Topic: Just getting started...
Replies: 2
Views: 1440

Funds received is a Receipt.

Payment of your bills is a Payment.
by Biff Loman
05 May 2010 08:21
Forum: General MoneyWorks
Topic: Keyboard shortcuts?
Replies: 5
Views: 2718

-as you are typing a re-occurring expense, to have the name come up as you start typing (so that you don't have to type the whole name in each time)? Set the transactions as recurring and it is auto created on the recurring date as unposted see Manual pg 95 or just highlight the payment or receipt ...
by Biff Loman
05 May 2010 08:07
Forum: General MoneyWorks
Topic: Department Codes
Replies: 1
Views: 1081

Re:Department Codes

No downsides to Departments, but might be easier in this case to just create a second Sales/Income account and enter the invoices or receipts against for one type of income to that account. By using the same 1rst, first two or first 3 numbers for the sales accounts or setting the same category for t...
by Biff Loman
05 May 2010 07:56
Forum: General MoneyWorks
Topic: newbie questions regarding opening balances
Replies: 1
Views: 1049

Re:newbie questions regarding opening balances

When you create your Company file, MW creates two periods/months. The setup period for the last month of the previous financial year and the first period of your new year. You enter your closing balances (Trial or Balance Sht & Income Statement) via journal into to SetUp period. These balance au...
by Biff Loman
05 May 2010 07:37
Forum: General MoneyWorks
Topic: Processing a Refund from a Supplier
Replies: 5
Views: 2761

Processing a Refund from a Supplier

In your example it might be simpler to. Enter as a negative Payment to the Creditor by entering as a Product, with a negative Qty and a positive Net amount, the Gross will then be negative, plus it reduces your stock on hand for the goods returned if you are tracking goods. Or you can just enter a R...
by Biff Loman
19 Feb 2010 04:27
Forum: General MoneyWorks
Topic: NSF Cheque
Replies: 5
Views: 2652

For the uninformed, a NSF cheque is a cheque returned to you because of non sufficient funds. In MW it is simple to reverse the Receipt (if the cheque came back from your customer NSF). You just Cancel the original Receipt. Highlight the Receipt in the Transaction List (Show menu > Transaction List)...
by Biff Loman
15 May 2009 07:37
Forum: General MoneyWorks
Topic: Anyone live in Kamloops, B.C. Canada?
Replies: 1
Views: 1535

I wish I lived in Kamloops

Send an email to the Canadian support guys. support@moneyworks.ca

They'll get you started.
by Biff Loman
15 May 2009 07:27
Forum: Canadian Issues
Topic: HELP to import OFX (Microsoft Money) file
Replies: 4
Views: 6592

Importing OFX into MW from TD Bank

I am a TD customer and download the MS Money (OFX) files and then import via Load bank statement.

Works fast
by Biff Loman
23 Apr 2008 07:16
Forum: General MoneyWorks
Topic: Setting periods date to 2006
Replies: 2
Views: 2021

Changing starting fiscal years in Cashbook

No. The company set up defaults back to 2007. Pick your period Jan-Dec, Feb-Jan or whenever your fiscal starts. Create the company file. Then go to Housekeeping, click Period Names and re-type the years under the name column. Start at Year zero as 2004, year 1 as 2005 etc. (assuming fiscal year is J...
by Biff Loman
29 Aug 2007 05:48
Forum: General MoneyWorks
Topic: Cashbook for my new business_Advice?
Replies: 2
Views: 2311

Cashbook is for cash based organizations, self employed business and sales people i.e. real estate sales people, free lance journalists etc. Also clubs, associations & charities. Although you can create an invoice, there is nor Accounts Receivable or Payables. Tracks you GST/PST/HST/QST etc. If ...