08-28-2004, 12:31 AM
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 Re: Cash Basis vs Accrual Money isn't ideal for your intended use but you can work it out. It will be accurate but you'll have to be creative about how you accomplish some transactions. Only assets and liabilities can be 'accounts' in Money. Income and Expense are 'categories and you can't do direct transfers among them. It requires an account somewhere. You'll have to create a cash (bank) account called something like 'Journal Entry' to do some of the necessary transfers between income/expense categories. Owners' Equity, Retained Earnings and similar accounts should be created as bank accounts. Starting balances for accounts can be entered on the details page of each account. -- Chris Cowles, Gainesville, FL "Biggo Charley" <news[at]deltaforge.com> wrote in message news:RmLXc.3522$1a7.1441[at]newssvr31.news.prodigy.com... - quote - > I'm using Money 2004 and I use it to manage two separate businesses. I > need > to be able to run one business on an accrual basis and one on a cash > basis. > I can't seem to figure how to set these bases up. I was using money 99 > previously and didn't have a problem with this. Anyone know how to swithc > these accounting methods? Help explains the difference between the two but > nowhere can I find how to select which methjod I want. > Charley |
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#-1
08-27-2004, 06:49 PM
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| Cash Basis vs Accrual I'm using Money 2004 and I use it to manage two separate businesses. I need to be able to run one business on an accrual basis and one on a cash basis. I can't seem to figure how to set these bases up. I was using money 99 previously and didn't have a problem with this. Anyone know how to swithc these accounting methods? Help explains the difference between the two but nowhere can I find how to select which methjod I want. Charley |
| Tags |
| accrual, basis, cash |
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