Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
 
Old 11-24-2005, 10:36 AM
mertan
Guest
 
Posts: n/a
Default RE: Sales Tax decrease



same problem with me any ideas somebody?
  #-1  
Old 11-22-2005, 01:30 PM
Viz
Guest
 
Posts: n/a
Default Sales Tax decrease

Iam using money 2006
Is it possible to create an expenses account (or transaction) that will
automatically make a decrease in the sales tax account (under loans &
Liabilities) that was created and filled from my assets account invoices.
I don’t know if you understand it the way I wrote it so let me rephrase.
In my invoices I check the box for sales taxes and I wrote the percentage
taxes e.g.
I sell a pair of shoes for 100€ with sale tax 19%.
In the invoice the subtotal is 100€ , the Tax is 19€ and the total is 119€.
In the sales tax account automatically appears a transfer transaction with
an increase of 19€.
! In my business I have to keep a book of all the spending and receiving of
the business and the difference of the tax collected (by the invoices) and
the tax payed (by my spending budgets) have to be paid in the government
every year.
After this I buy e.g. a printer for the business for 200€ with 19% tax (38€)
and I paid 238€.
How can I make this transaction (spending for printer) to money so as the
sales tax account automatically appear a transfer with a decrease of 38€ (and
for the specific example the ending balance of sales tax account appear
-19€).
I hope you understand the question and I desperately hoping for an answer (I
spend a lot of my time for this so far)
 

Tags
decrease, sales, tax
Similar Threads
Thread Forum Replies Last Post
Sales Tax Tracking?
Laurie: What is the best/easiest way to track sales tax in Money 2005?
Microsoft Money 7 12-31-2004 01:17 PM
Any one can explain what Charge, credit increase and decrease mean
nazmul: I like to know what it means with exampla the following words: 1] 10000 doller I have credit limit. what increase and decrease mean here ...
Microsoft Money 1 10-12-2003 06:47 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 02:39 PM.