After more than 100 days of lockdown here in Auckland we’ll be very happy to see the end of 2021. At least we are now coming into summer, and can look forward to a much needed summer holiday. As is usual over the holiday period, our support services will be operating on reduced capacity (see Holiday Support).
The MoneyWorks Team would like to take this opportunity to wish you all a very happy and safe Christmas, and to thank you for your support over what has been a very long year.
What’s in this newsletter
- MoneyWorks 9.0.7
- New things you may have missed
- Drag and drop budgeting import
- Profit and Loss for Date Range Report — useful for covid relief funding
- Tax by Currency Report — for VAT/GST in multiple jurisdictions
- MoneyWorks doesn’t use Log4j — so don’t panic!
- Holiday Support
MoneyWorks 9.0.7
The current MoneyWorks version is the just released 9.0.7. This is primarily a bug fix, and our recommendation is that you update as soon as convenient. The more information see the change notes.
New things you may have missed
Since the release of MoneyWorks 9 over six months ago, we have been progessively adding new features and capabilities. Here are some that you may have missed:
Drag and drop budgeting import
You can now drag and drop a suitably structured text file onto a cell in the budget editor to import a budget. The first period for the budget is determined by the column into which the text file is dropped, and the type of budget (A or B) is determined by the current budget being displayed. The text file must be tab delimited and have the account code in the first column, followed by columns of budget values (the number of these determines the number of periods of budget information). As of version 9.0.7, the text file can contain blank lines. You can create such a text file by copying a block of cells out of Excel or Numbers and pasting them into a new NotePad or TextEdit document.
Profit and Loss for Date Range Report
This report will generate a profit and loss report based on transactions dated in the nominated date range, allowing you to report on, for example, any seven day interval. The report was added primarily to assist businesses applying for Covid relief funding where it is necessary to compare revenue and/or profitability over some arbitrary time intervals.
Tax by Currency Report
Use this audit report if you are handling GST or VAT in multiple currencies or jurisdictions. The report summarises the GST/VAT paid and received by tax code and currency, allowing you to both check the GST/VAT coding, and also extract the necessary figures for filing GST/VAT in other jurisdictions. The report can be run for nominated tax cycles or a nominated period range (and for the latter, you can specify a cash/payments basis).
As an example, assume you are based in New Zealand and pay GST every two months on an invoice basis. However you also sell into Australia and need to submit GST every three months on a cash basis. You would continue to handle New Zealand using the GST Report. For Australia you would run the Tax by Currency report with the periods set for the required three months and the Cash Basis option on. The GST codes used for Australia, along with the GST Paid and Received over the time interval, will be listed in the report.
MoneyWorks doesn’t use Log4j
You may have read about the recently discovered “Log4j” vulnerability, which, according to cyber security experts, is one of the most serious remote execution exploits ever discovered, affecting a huge number of internet servers around the world. We’ve been getting questions from concerned IT professionals wanting to know if MoneyWorks is vulnerable. MoneyWorks doesn’t use Log4j, so rest assured it has no exposure to this exploit. We’ve also checked our worldwide web properties to make sure they are not vulnerable.
Holiday Support
As previously alluded to, most of the MoneyWorks support and admin team will be taking a much needed break over the holiday period. “Taking a break” at Christmas in New Zealand means beaches, barbeques, boats, eating far too much, and generally relaxing.
Phone support will be unavailable after 4:00pm 23rd December NZDT, and will resume on 10th January. Support will be available by emailing support@cognito.co.nz, but with a longer turn around time than normal.
Tips for email support
- Be sure to include details of the MoneyWorks version you are using (e.g. MoneyWorks Express 9.0.5, MoneyWorks Now), as well as the version of your operating system (e.g. Windows 10, macOS Monterey).
- Outline what the problem is, and if you are getting an error message of some sort, tell us exactly what it says.
- Where appropriate include a screen shot or two. For details on making screenshots see the March 2019 Newsletter.
- Use a descriptive subject line — support tickets in a queue with a subject of “Help” or “MoneyWorks question” are not very informative, and as such are less likely to get the timely attention of the right person.
- Tell us your company name in case we need to verify your details.
Wishing you a safe and healthy festive season
The MoneyWorks Team