Name: MoneyWorks
Author: Cognito Software

Help Desk

Web and Video Conferencing

Customer Support

Augmented Reality Development

Development

School Management

Education

Board Management

Business Intelligence (BI)

Collaboration

Digital Rights Management (DRM)

Risk Management

Enterprise

Accounting

Accounts Receivable

Budgeting and Forecasting

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Build Automation

Cloud Storage

Data Fabric

Email Verification

Firewall Security Management

Fraud Detection

IP Address Management (IPAM)

Infrastructure Capacity Planning

Integration Platform as a Service (iPaaS)

IoT Security

Network Performance Monitoring

Network Simulation

Network Traffic Analysis (NTA)

Output Management

Platform-as-a-Service (PaaS)

SOA Application Gateways

Software Components

Software-Defined WAN

Web Content Filtering

Web Portal

Information Technology

A/B Testing

AI Image Generation

Ad Serving & Retargeting

All-in-One Marketing

Audio Editing

Blogging

Content Management

Email Marketing

Gamification

Local Marketing

Marketing Automation

Mobile Analytics

Product Sampling

Search Engine Marketing (SEM)

Social Media Management

Survey & Forms Building

Video

Video Editing

Web Analytics

Website Builder

Marketing

Job Site Management

Project Management

Waste Management

Writing and Proofreading Tools

Professional Services

Customer Relationship Management (CRM)

Social Commerce

Sales

Security Orchestration, Automation and Response (SOAR)

Security

Architecture

Last Mile Delivery

Legal Case Management

Nonprofit CRM

Physical Therapy

Roofing

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

FreshBooks

Zoho Books

Zoho

Sage Intacct

Sage

QuickBooks Online

Intuit

QuickBooks Desktop Pro

QuickBooks Desktop Enterprise

Xero

QuickBooks Desktop Premier

QuickBooks Online Advanced

Microsoft Dynamics GP

Microsoft

### Accounting
Reviewers consistently praise MoneyWorks for its advanced accounting features, such as Accounts Payable, Accounts Receivable, and Sales Analysis. Users appreciate the software's ability to streamline accounting processes and provide detailed insights into financial data. While some users find the software to be expensive, the overall consensus is that MoneyWorks excels in offering comprehensive accounting solutions for businesses of all sizes.

### Financial Reporting
Users consistently praise MoneyWorks for its robust financial reporting capabilities. They appreciate the software's ability to generate a variety of reports quickly and efficiently, making tasks such as preparing financial statements and reconciling accounts much easier. The flexibility and user-friendly interface of MoneyWorks enable users to track expenses, incomes, and taxes effortlessly, leading to a smoother financial management process. Additionally, the software's customizable dashboard and timely custom reporting feature further enhance the overall financial reporting experience for users.

### Investments and Economics
Users consistently laud MoneyWorks for its investments and economics capabilities, emphasizing its pivotal role in facilitating financial analysis and enhancing sales productivity. The software's integration with other business systems and its user-friendly interface have been particularly commended for simplifying the recording and organization of financial transactions. Despite some minor criticisms, the general consensus is that MoneyWorks excels in providing essential tools for analyzing the economic realities of companies and driving growth through informed decision-making.

### Billing and Invoicing
Users consistently praise MoneyWorks for its exceptional billing and invoicing features. The software's ability to streamline billing processes, generate personalized invoices, and handle multiple currencies efficiently has garnered high acclaim from users. Additionally, MoneyWorks's detailed billing module has significantly improved collections and inventory management for businesses using the platform. The general sentiment among users is that MoneyWorks excels in providing robust and user-friendly billing and invoicing solutions, making it a top choice for businesses seeking reliable financial management software.

### Bank and Account Reconciliation
Users appreciate MoneyWorks for its streamlined approach to bank and account reconciliation, finding the process to be straightforward and effective. The tool's ability to facilitate clear and accurate transactions, along with its user-friendly interface for reconciling accounts, has garnered positive feedback from users. Additionally, MoneyWorks's feature for tracking payables and receivables has been commended for enhancing overall financial management practices.

### Payroll
Users consistently praise MoneyWorks for its efficient and user-friendly payroll capabilities. The software streamlines the payroll process, making it fast and accurate. Users appreciate the ease of generating payroll reports and managing employee pay efficiently. While some users mention the cost of the software as a drawback, overall, MoneyWorks receives positive feedback for its payroll functionality.

Users recommend MoneyWorks for its simplicity, efficiency, and affordability in managing accounting processes. Many users specifically recommend MoneyWorks for smaller organizations, as it is practical and not overwhelming or confusing. Users also recommend MoneyWorks for tracking billing and invoices, managing party-wise billing and invoices, and performing bank reconciliation. Additionally, users recommend MoneyWorks for its power in the accounting area and its ability to streamline accounting processes. Some users suggest utilizing MoneyWorks' technical support when needed. Overall, users recommend trying MoneyWorks for a free trial if in the market for a new accounting program, as it offers solutions for companies of any size and allows for easy sharing of accounting data across a vast network of users.

MoneyWorks is an accounting software designed to provide small and medium-sized businesses with financial management tools. According to the vendor, it offers features such as cashbook, general ledger, accounts receivable and payable, budgeting, fixed assets, and inventory management. The product is said to be suitable for companies of various sizes and caters to industries including retail, professional services, manufacturing, wholesale and distribution, and non-profit organizations.

## Key Features

**Cashbook**: According to the vendor, MoneyWorks provides a fully integrated cashbook that includes features such as general ledger, accounts receivable, accounts payable, budgeting, and fixed assets. It is designed for cash-based organizations, including clubs and societies.

**Express**: The vendor states that MoneyWorks Express offers invoicing and statement capabilities in addition to the features of the Cashbook. It is positioned as a solution for smaller businesses that require invoicing functionalities.

**Gold**: MoneyWorks Gold includes all the features of Express and adds functionalities such as cost center accounting, multi-currency support, job costing, and inventory management. According to the vendor, it is suitable for small to medium-sized businesses and is a multi-user desktop software.

**Datacentre**: MoneyWorks Datacentre is an enterprise-level solution that includes all the features of Gold with enhanced capabilities. It is designed for larger businesses with complex accounting needs and provides a scalable solution for multi-user environments, according to the vendor.

**Quoting & Order tracking**: MoneyWorks allows users to create and track quotes and orders, streamlining the sales process and improving customer service. According to the vendor, quotes can be easily converted into invoices.

**Job costing and billing**: According to the vendor, MoneyWorks enables businesses to track costs and revenue associated with specific jobs or projects. Users can allocate expenses and revenue to specific jobs for accurate job costing and generate job-related invoices to track profitability.

**Inventory management**: MoneyWorks offers inventory management features that enable businesses to manage stock levels and track inventory movements. It allows for tracking stock across multiple locations and warehouses, as well as batch/serial number tracking for better inventory control, according to the vendor.

**Multi-Currency**: According to the vendor, MoneyWorks allows businesses to conduct transactions in multiple currencies. It enables users to set exchange rates, perform foreign currency transactions, and track gains and losses from currency fluctuations.

**Extensive range of reports**: MoneyWorks provides an extensive range of reports including financial reports such as Profit & Loss, Balance Sheet, and Cash Flow. It also offers general ledger, sales, purchasing, stock, and inventory reports. Users can create custom reports to meet their specific business needs, according to the vendor.


Ease of Use and Navigation: Users have praised MoneyWorks for its easy-to-learn interface and convenient daily operation. Many reviewers have stated that the software is well-organized, making it effortless to navigate through different features and functions.

Functional Reporting: MoneyWorks provides clear and functional reporting capabilities, allowing users to easily track and analyze their financial data. This feature has been highly regarded by a significant number of reviewers who appreciate the valuable insights provided by the various reports generated by the software.

Flexibility and Customization: The flexibility and customization options offered by MoneyWorks are appreciated by many users. They find it beneficial that the software allows them to customize their organization plans according to specific needs, making accounting processes faster, more efficient, and safer.

Complicated and Not Intuitive: Many users have found MoneyWorks to be complicated and not intuitive to use. They feel that the software's interface is not user-friendly, making it difficult for them to navigate and perform tasks efficiently.

Frequent Crashes and Updates: Some users have experienced frequent crashes with MoneyWorks, which disrupts their workflow and causes frustration. Additionally, they mention that the software requires frequent updates, indicating a need for more effective update processes.

Limited Integration and Manual Input: Users have expressed difficulty in integrating MoneyWorks with other systems as it is not on the cloud. This limitation hinders seamless data transfer between platforms. Furthermore, manual input of transactions is required, leading to human errors and inefficiencies in data entry.

MoneyWorks, an accounting software, has proven to be an efficient tool for managing accounting and reporting tasks. Users have praised its ability to integrate with e-commerce platforms, eliminating the need for manual input of sales transactions. The personal finance tracking feature offered by MoneyWorks enables users to easily manage and track their spending, while the follow-up feature has been appreciated for its usefulness in managing finances. Despite its extensive features, users have found MoneyWorks to be user-friendly, even for those without prior experience in dealing with money. Additionally, the software offers features such as GST tracking, budgeting, and payroll management, which make work faster and easier for users. It has also improved forecasting and financial reporting, particularly for complex situations involving multiple corporations. MoneyWorks has been instrumental in generating personalized invoices and handling transactions in different currencies. Furthermore, it has helped users gain better control over inventory management and prevent financial losses in their companies. By making administrative work more efficient and time-saving, MoneyWorks eliminates the need for overtime and manual accounting processes. Users have highlighted its effectiveness in managing payroll accurately and reducing employee claims. With simplified accounting tasks like generating financial reports and creating invoices, MoneyWorks has become a valuable tool for solving accounting problems efficiently. Users appreciate the highly customizable and collaborative nature of MoneyWorks, which allows for better user-customer collaboration and tracking of online transactions. Its integration capabilities with other business systems provide users with a comprehensive solution for recording financial movements. MoneyWorks has made accounting processes continuous, meticulous, and efficient, resulting in improved billing, collections, bookkeeping accuracy, payroll management, and organizational efficiency. Notably, it is cost-effective and time-saving, making it a valuable investment for organizations. With its simplified processes, MoneyWorks saves time and money in the long run while providing relevant information for tax forms and accounting decisions. Overall, users find MoneyWorks to be an effective accounting software that streamlines accounting applications, increases efficiency, and reduces the need for outsourcing. It solves the problem of easy data sharing among multiple users by allowing users to adjust share settings and easily share access with multiple users.

Lite

Plus

Premium

Select

Standard

Professional

Free

MoneyWorks

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

Cognito Software

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

MoneyWorks

Overview

What is MoneyWorks?