> There is an article on this which explains how to enter the amounts in the
> liability accounts and offset those amounts:
> http://support.microsoft.com/default...b;en-us;181221
> "LPA" <patrick24601[at]yahoo.com> wrote in message
> news:VfaXa.223607$o86.84242[at]news1.central.cox.net...
> > I am merging my finances all into 2003H&B from quickbooks and 2003 H&B
and
> I
> > want to know how other people have done payroll.
> > > In QB I write a payroll check and the program is able to track the gross
> > amount paid along with all of the taxes that have been "paid". The net
> > should be transfer to my personal account. I say "paid" in quote because
> > obviously the taxes are not truly paid until I mail the check to the
IRS.
> So
> > my business register needs to show a check for only the net check that
was
> > written and transferred to my personal account. At first I set up new
> > liability accounts for all my taxes, but then I realized that a transfer
> to
> > a liability account will show a reduction on the liability account - not
> an
> > increase. I also want to be able to do personal reports and see how much
I
> > am making gross and net.
> > > Bottom Line: I am curious how others have done this in MS Money.
> > > 1. I need to track tax amounts owed in my business
> > 2. I need to be able at any time to report on the taxes
> > 3. I need to be able to write a business check at any time to pay those
> > taxes
> > > Any help is greatly appreciated.
> > > (PS at some point in time I will use the MS Money PayCycle service - but
I
> > still have to track the same issues)
>

> I am merging my finances all into 2003H&B from quickbooks and 2003 H&B and
I
> want to know how other people have done payroll.
> In QB I write a payroll check and the program is able to track the gross
> amount paid along with all of the taxes that have been "paid". The net
> should be transfer to my personal account. I say "paid" in quote because
> obviously the taxes are not truly paid until I mail the check to the IRS.
So
> my business register needs to show a check for only the net check that was
> written and transferred to my personal account. At first I set up new
> liability accounts for all my taxes, but then I realized that a transfer
to
> a liability account will show a reduction on the liability account - not
an
> increase. I also want to be able to do personal reports and see how much I
> am making gross and net.
> Bottom Line: I am curious how others have done this in MS Money.
> 1. I need to track tax amounts owed in my business
> 2. I need to be able at any time to report on the taxes
> 3. I need to be able to write a business check at any time to pay those
> taxes
> Any help is greatly appreciated.
> (PS at some point in time I will use the MS Money PayCycle service - but I
> still have to track the same issues)