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Asterisk ( * ) before an item

Software: MoneyWorks accounting software

 

You can create a memo item in MoneyWorks to capture long project descriptions or shipping details. Simply add an asterisk before your item code (example: *Remarks), and you can hid this Asterisk item from printing at the quantity, Item Code, Price, etc. column of your invoice template.

Usually, I will create a Resource Item with Product code [*Remarks] and link this item to a sales account (you need to select the checkbox for “We Sell It” if you are going to use it in Sales Invoice transaction.

To hide this item from printing out at the quantity, item code or price column, simply adds an IF statement such as:

if(Detail.StockCode = "*@", "", Detail.StockQty)

The above statement mean if Stock Code (Detail.StockCode) starts with an asterisk (“*@”), print nothing (“”), else print Stock Quantity (Detail.StockQty) of this transaction.

If you use the default MoneyWorks template such as Product Invoice 1, the hiding of asterisk item is already pre-set in the template.

Example of how this asterisks item being used:

 

Happy New Year!

I wish all a

Happy

2012

 

 

Rental deposit

Software: MoneyWorks accounting software

When you rent an office space for your business, usually, you will be required to pay a rental deposit of 2 or 3 months of the monthly rental.

To record this transaction, first you need to create a new Rental Deposit account under the current Assets account type of account. Refundable deposit like Rental Deposit should not have GST, so you will need to change the GST code from G to *.

If a bill is given by landlord, then, you need to enter it as a Purchase Invoice, if not, a Payment transaction will be suffice.

In your transaction (either Purchase Invoice or Payment) window, fill in the transaction detail such as name of the supplier (landlord), date, cheque number, bank, etc. In the Account tab, select Rental deposit account and fill in the amount paid.

After transaction is posted, you can view the Rental Deposit account in your Balance Sheet report under the Current Assets section.

 

 

Greeting

I wish all a

happy Holiday.

Merry Christmas!