[WelMac] Moneyworks

[David Empson]

At 8:21 AM +0900 2/01/2008, Neil Bartlett wrote:
>I everyone, Happy New Year.
>
>Just wondered if any of you have experience with setting up 
>Moneyworks to do property management tasks or using one data file to 
>manage multi companies or branches. I need to look at setting up a
>holding company and subsidiaries.

Hi Neil. Happy New Year to you too, and to everyone else.

I've been using MoneyWorks for many years, for managing my 
self-employed finances. I orignally used CashWorks (now known as 
"MoneyWorks Cashbook") and recently upgraded to MoneyWorks Express, 
which adds debtor and creditor ledgers. I'm currently using it for 
managing my self-employed accounts and to keep track of finances for 
my flat, which I'm doing as two separate account files. (I may get 
around to adding my personal finances at some point, with a third 
file, but haven't seen any need to do so yet.)

With Cashbook or Express, if you want to manage multiple independent 
companies or branches, you have to set up a separate account file for 
each company or branch. There is no easy way to separate them or to 
generate independent reports for each company or branch in a single 
account file, and no easy way to produce combined reports if you do 
separate them.

I am aware that MoneyWorks Gold adds support for "departments" within 
a larger organisation, but I have no idea how capable this is and 
whether it would be sufficient to handle semi-independent property 
management.

Do you already have MoneyWorks, and if so which variant?

If necessary, you can download a 30-day trial version of MoneyWorks 
Gold to test whether it can do what you need.