MoneyWorks Manual
Entering Details by Percentage
Sometimes you may want to allocate certain percentages of the total value of a transaction to various accounts. MoneyWorks makes this easy. If you type a percentage (that is, a number followed by a percent (%) sign) into the Net or Gross field of a detail line for a non-item transaction, MoneyWorks will calculate that percentage of the transaction Amount and enter it into the detail gross when you tab out of the field. The Net and Tax fields will be recalculated accordingly.
For example:
- Enter a Cash Payment with an Amount of $150
- Type the account code in the detail line, then tab into the Net field. Type “50%”
- Press Tab
MoneyWorks calculates that 50% of the transaction gross is $75.00. It enters this value into the detail gross field, then works out the Tax based on the account’s tax code, (in this example giving 12.5%) and net.
Press Return to create the next detail line and carry on allocating the balance of the payment. You can use percentages again in subsequent lines if you want.