Alison: I gotta remind myself not to even try to answer questions from *
Business * users. They tend to whine about the answers they get from those
of us who disclaim knowing much of anything about the * Business * edition,
but never come back to help other * Business * edition users themselves.

"Alison" <Alison[at]discussions.microsoft.com> wrote in message
news:A033DE4D-F327-46C3-B68F-AF7590C5DCB0[at]microsoft.com...
- quote -

I think you missed the question being asked. This person has to pat
different amounts of sales tax to different counties and wants to keep track
of these different counties taxes seperately.

I however have found that microsoft money doesn't account for sales tax
correctly to begin with... the "Profit & Loss" statement does list the amount
of the "Sales Income" correctly but does not allow for sales tax due on that
amount. The
"Monthly Cash Flow" report does NOT show the correct "Sales Income" amount
or the correct "Sales Tax Collected". Good thing I kept my old spread sheet
program for the ENTIRE year of 2005 or I would have paid the wrong amount of
sales tax each month.

"Dick Watson" wrote:

- quote -

I agree with you. I bought Small Business a couple years ago and I barely
used any of its business features, until now. All I want is to get
information I need to correctly fill out my Sales Tax Return easily from a
report. I've been using the monthly income and expense report and customizing
to show only Business categories, and it works okay. Biggest problem though
is that sales are not posted until customers pay, which requires me to track
my sales outside of Money.

Does anybody know if Money for Small Business 2006 is any better?

-Jerry

"Robertm" wrote:

- quote -

What you say makes sense, but if you look at the Invoice (the way to post a
sale in Money), it doesn't let you assign the categories there either. It has
a box for sales tax, which automatically does a transfer to a Sales Tax
liability account, which you can't edit, and the actual sale is automatically
assigned as Sales Income (it's not even visible until you pull a report).

-Jerry

"Dick Watson" wrote:

- quote -

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:e1TflegEGHA.1508[at]TK2MSFTNGP15.phx.gbl...
- quote -

I'm using MS-Money 2003 for Home & Business. Out state has a split rate
depending on the value of merchandise. In many instances the software is
simply not capable of handling every situation so I mark the sales tax
collected as zero and then manually assign it to accounts I've created with
other names. Much of the bookkeeping with MS-Money is out of necessity a
combination of software and old fashioned paper and pencil. Not that any
other software is any better. I'm currently switching over to QuickBooks for
better handling of inventory and QB also has limitations on handling sales
taxes. One wonders if the programmers who write financial software ever ran
a business. I suspect the answer is no because the software doesn't deal
with real life situations.

Bob

I'm also unfamiliar with * Business * but it seems to me that the time to
categorize the sales tax is at the time of the sale, not at the time of the
payment. Didn't you incur the sales tax at the time you made the sale and at
the time you get the payment aren't you just getting money necessary to pay
the bill? If the payment didn't get made--uncollectible--you can't skip
paying the sales tax, can you? It reads to me like you are trying to do a
form of what we refer to in the personal financial management domain of
Money as cookie jar accounting.

"jerrydy" <jerrydy[at]discussions.microsoft.com> wrote in message
news:A6D5D6A9-8447-4C41-95EA-7E8FA090C9C3[at]microsoft.com...
- quote -

"jerrydy" <jerrydy[at]discussions.microsoft.com> wrote in message
news:A6D5D6A9-8447-4C41-95EA-7E8FA090C9C3[at]microsoft.com...
- quote -

I'm unfamiliar with SB but does it support classifications? If so, might
that reply to your request?

I currently use Money Small Business 2004 to keep track of business sales
here in CA. When a payment is received and deposited into my checking
account, I categorize it as a "Payment for Invoice", and Money lets me
allocate the payment to the correct invoice. One of the things I need to do
is to keep track of the sales amount and sales tax by county and sometimes by
city. I created subcategories under "Sales Income" AND "Sales Tax", such as
Contra Costa County, Alameda County, Riverside County, etc.

Is there a way to assign those amounts to these subcategories? Right now,
Money just assigns the payments to "Sales Income - Unassigned" and I can't
see where I can change that.

Any help would be appreciated. Thanks!