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Old 12-30-2004, 08:35 PM
Cal Learner-- MVP
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Default Re: 2005, Deposits, and sales tax, or one depsoit into two differe

In microsoft.public.money, Airport wrote:

- quote -

> Ok, I have the deposit set up as follows
> Deposit to: revenue account
> Amount : 95.31
> Category is split over the following two fields
> a). Revenue category
> b). Transfer from : sales tax account
> A couple of questions.
> In the Revenue Account lisitng, the depsoit still says I received 95.31,
> although in the salex tax account it says there is -5.31. I suppose these
> two lines cancel each other out, but is this how it should look.
> Is there a way to have just the 90.00 show up in the "received" column of
> the reveue account?


I don't run the business version. But what you describe sounds right
to me.

  #1  
Old 12-30-2004, 05:17 PM
Airport
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Posts: n/a
Default Re: 2005, Deposits, and sales tax, or one depsoit into two differe

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, Airport wrote:
> > Is it possible in Money 2005 to do the following:
> > > Let say for example that I receive a payment for $90.00, and there is 5.9

> > percent tax on that item. The total purchase price is 95.31. In stead of
> > having the entire 95.1 go into one account, I want the 90.00 to go into a
> > different account then the 5.31.
> > > You can do something like this with Spliting the account, but that only

> > works for the categories, I want the entire deposit to be split between the
> > two accounts.
> > > Is there a way to do this?

> Make the categories be the SPECIAL Transfer category.


Ok, I have the deposit set up as follows

Deposit to: revenue account
Amount : 95.31

Category is split over the following two fields
a). Revenue category
b). Transfer from : sales tax account

A couple of questions.

In the Revenue Account lisitng, the depsoit still says I received 95.31,
although in the salex tax account it says there is -5.31. I suppose these
two lines cancel each other out, but is this how it should look.

Is there a way to have just the 90.00 show up in the "received" column of
the reveue account?

Thanks for your help, please continue to assist
 
Old 12-30-2004, 04:57 PM
Cal Learner-- MVP
Guest
 
Posts: n/a
Default Re: 2005, Deposits, and sales tax, or one depsoit into two different a

In microsoft.public.money, Airport wrote:

- quote -

> Is it possible in Money 2005 to do the following:
> Let say for example that I receive a payment for $90.00, and there is 5.9
> percent tax on that item. The total purchase price is 95.31. In stead of
> having the entire 95.1 go into one account, I want the 90.00 to go into a
> different account then the 5.31.
> You can do something like this with Spliting the account, but that only
> works for the categories, I want the entire deposit to be split between the
> two accounts.
> Is there a way to do this?


Make the categories be the SPECIAL Transfer category.
  #-1  
Old 12-30-2004, 04:51 PM
Airport
Guest
 
Posts: n/a
Default 2005, Deposits, and sales tax, or one depsoit into two different a

Is it possible in Money 2005 to do the following:

Let say for example that I receive a payment for $90.00, and there is 5.9
percent tax on that item. The total purchase price is 95.31. In stead of
having the entire 95.1 go into one account, I want the 90.00 to go into a
different account then the 5.31.

You can do something like this with Spliting the account, but that only
works for the categories, I want the entire deposit to be split between the
two accounts.

Is there a way to do this?
 

Tags
2005, deposits, depsoit, sales, tax
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