Search found 61 matches

by pondball
14 Mar 2012 23:33
Forum: General MoneyWorks
Topic: What account do I use for payments out of pocket?
Replies: 12
Views: 6375

Re: What account do I use for payments out of pocket?

I used to have posted as Owner's Equity with my previous acc'ting program Owner's equity and shareholder's loan are different things as far as accounting is concerned.Shareholder's loan is a liability for business and equity (which is commonly understood as liability also) is the amount that has be...
by pondball
14 Mar 2012 11:31
Forum: General MoneyWorks
Topic: What account do I use for payments out of pocket?
Replies: 12
Views: 6375

Re: What account do I use for payments out of pocket?

thanks Sosu... will this work if I also pay my business insurance directly through my business account... can I override the autocode function for the 100% amount coming out of the business account? in my case the 7140 you refer to would be my 7510 which is my insurance account... but I'm not sure w...
by pondball
13 Mar 2012 03:39
Forum: General MoneyWorks
Topic: What account do I use for payments out of pocket?
Replies: 12
Views: 6375

What account do I use for payments out of pocket?

I have a business account and a personal account. Sometimes I have items I need to pay for out of the personal account as they are not fully claimable in my home based business (ie house insurance, 36% only). An amount of $285.82 shows up in my personal account but I only claim $102.90 in my busines...
by pondball
23 Feb 2012 06:46
Forum: General MoneyWorks
Topic: I think I messed up with a simple set of entries
Replies: 3
Views: 2524

Re: I think I messed up with a simple set of entries

posted two entries and they seem to work fine... HST report shows the two posted HST amounts, and an account enquiry shows first 5 months I have input so far if I check unposted transactions... I trust I will be able to isolate Jan to March in a single report after finishing all my inputs? and then ...
by pondball
20 Feb 2012 09:18
Forum: General MoneyWorks
Topic: I think I messed up with a simple set of entries
Replies: 3
Views: 2524

Re: I think I messed up with a simple set of entries

thanks again I did the trial run again with one entry for 4 different provinces, then choosing different tax codes where applicable and it worked great... I suspect nothing will really show up however until I Post the entry however... should I mark this as a Paid By rather than leaving it at none ev...
by pondball
20 Feb 2012 08:53
Forum: General MoneyWorks
Topic: Can't figure out how to record Stock
Replies: 3
Views: 2695

Re: Can't figure out how to record Stock

excellent... explains it very clearly! thanks for your assistance... I think what I will do (once I get the rest of the books caught up) is input my inventory so that I can begin my January 2012 books with inventory control... and just input my 2011 receipts By Account and not By Item... that should...
by pondball
20 Feb 2012 07:47
Forum: General MoneyWorks
Topic: I think I messed up with a simple set of entries
Replies: 3
Views: 2524

I think I messed up with a simple set of entries

finally got underway and have been entering monthly sales totals from Jan 11 to april 11... I did this using the Receipts+ button My CoA is set up (Canada) so that I have 4 sales accounts... 1) sales with 5% tax, 2) sales with 12%, 3) sales with 13% and 4) sales with 15% to cover off all the provinc...
by pondball
19 Feb 2012 11:47
Forum: General MoneyWorks
Topic: Can't figure out how to record Stock
Replies: 3
Views: 2695

Re: Can't figure out how to record Stock

ok... I'm still in the Setting up screen... and thought I was following along with the instructions... it said something about stocktake... which i had been doing but now I see that where intuitively... (who said accounting was ever intuitive!?!) I would have input the stock on hand in the "Sto...
by pondball
19 Feb 2012 11:38
Forum: General MoneyWorks
Topic: Can't figure out how to record Stock
Replies: 3
Views: 2695

Can't figure out how to record Stock

New MWG setup... so... I've set up the accounts etc and am now setting up products and (hopefully) inventory but am running into several problems • we import some of our product from Scotland - so under Buying info I put in the Buy Price (ie 85.00) but I should be inputting this in Pound Sterling sh...
by pondball
19 Feb 2012 04:08
Forum: General MoneyWorks
Topic: startup question on accuracy of accounts
Replies: 2
Views: 2239

Re: startup question on accuracy of accounts

There should be a CL (Current Liability) account named Shareholders Loans in the General Business Chart. Use that or create two per shareholder if desired Shareholders Funds introduced & Shareholders Funds Paid. Each Shareholder should have their own. Got it... so... not being an accountant... ...
by pondball
14 Feb 2012 01:39
Forum: General MoneyWorks
Topic: How do I enter startup amounts for retained earnings?
Replies: 1
Views: 1745

How do I enter startup amounts for retained earnings?

no answers yet to previous other post but hoping someone can tell me how I can enter the startup amount for retained earnings... business has been running for 25+ years with substantial amount of owner's investment left in... should this be entered in the Retained Earnings account... and if so how c...
by pondball
13 Feb 2012 12:38
Forum: General MoneyWorks
Topic: startup question on accuracy of accounts
Replies: 2
Views: 2239

startup question on accuracy of accounts

I'm switching from MYOB to MWGold and have a full years of books to enter (2011)... been kinda tied up the past year! anyway... question is: I have the main account from my bank statement but all other amounts will be less than accurate cuz the version I had of MYOB was old and I haven't been able t...
by pondball
04 Jul 2011 15:45
Forum: General MoneyWorks
Topic: Mac - MoneyWorks Update and VirusBarrier X6
Replies: 2
Views: 2793

Re: Mac - MoneyWorks Update and VirusBarrier X6

I have also tried twice to update to 6.06 and got a message saying it was unsuccessful... can't remember the code it gave me back but its a PITA... I don't ahve the fastest HiSpeed in the world but also don't have problems with other system updates... in which I am current
by pondball
26 Apr 2011 00:13
Forum: Canadian Issues
Topic: starting balances
Replies: 1
Views: 3062

starting balances

I'm not an accountant... guess you've heard that one before in this forum I've been relying on a very old version of MYOB to get me through the years... and while I am years beyond trial balances that actually balance, I do try and keep a solid set of books.... for a non-accountant... we have been a...
by pondball
25 Apr 2011 04:29
Forum: Canadian Issues
Topic: How do I set up for tax inclusive pricing across Canada?
Replies: 1
Views: 2933

Re: How do I set up for tax inclusive pricing across Canada?

never mind.... played around a bit more... and found out that it will do a complete recalculation if you re-enter the quantity ordered again!

who'd a thunk!
by pondball
25 Apr 2011 04:19
Forum: Canadian Issues
Topic: How do I set up for tax inclusive pricing across Canada?
Replies: 1
Views: 2933

How do I set up for tax inclusive pricing across Canada?

we sell the same product to all provinces and want to do a single price on all invoicing... ie you pay $300 regardless of which province you are in... all invoicing = Tax included I have set up tax codes in the widgets file for each of the different scenarios... HO = Ont @ 13%, HBC = BC @ 12%, HM = ...
by pondball
12 Aug 2010 06:51
Forum: General MoneyWorks
Topic: upgrading from Demo?!
Replies: 2
Views: 2991

upgrading from Demo?!

I just purchased MWG after fiddling around with the demo version off and on for a few months... mostly off!... now I need to get everything set up and running in next few weeks and record the past 8 months worth of books (old computer crashed a few months ago using a different accounting prog, thus ...
by pondball
12 Aug 2010 06:39
Forum: Canadian Issues
Topic: how do you do a tax-inclusive invoice
Replies: 5
Views: 6234

Re: 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 ra...
by pondball
03 May 2010 23:28
Forum: Canadian Issues
Topic: how do you do a tax-inclusive invoice
Replies: 5
Views: 6234

ok... so I finally found where I could do a tax-included in the price of the item itself and it breaks off the tax in the invoice... but so far it doesn't show both GST and PST... not a problem in two months when its all HSt but it is now... can we get it to show both taxes in the invoice? and what ...