Perhaps, I'm just not as sharp as everyone else, but I am using MS Money 2006
Small Business Edition and am having a similar problem here...

I have a miscellaneous assets account setup for the tools and equipment
purchase under my business called "Assets-Business-2005". Each time I
purchase a tool or piece of equipment for my business, and then I enter the
transaction as a transfer to this asset account. At the end of the year, I
created a category called "Assets Depreciation" to which I wrote off the
business use portion of my assets. Two problems arose at this point. The
value of the asset is now gone on the balance sheet and more importantly, I
am unable to link this new category to line 13 of the schedule C (ie section
179 deductions and depreciation) which makes this all pointless. I can link
it to nearly any other line in the schedule C, except for line 13...

Where am I going wrong here, anyone?

Thanks,
Steve

PS I have spent much time searching through documentation that ms provides
and have found myself decidedly disappointed as to the detail of the
information available.

"moltenflower" wrote:

- quote -

Thanks for your help, Chris!

The information regarding assets really helps! The budget stuff and
categories, I just don't know.

When I bought the program, it was supposed to conjoin the two entities
(business and home) and thus was supposed to be good for home-based
businesses. However, I was wrong.

I don't know if QuickBooks Pro is any better either, for such
businesses.

For now, I'm thinking that all categories will have to be labeled
"personal usage" and not business. This way, I'll be able to at least
create a budget.

Sorry for rambling...I'm just so frustrated with Money.

Thanks again for your help, Chris!

Jessie
Chris Cowles wrote:
- quote -

1. Create an asset account. Call it something related to the asset to which
it corresponds (e.g., "machine 1", "machine 1 - accum depreciation".)
Depreciate the asset by decrementing the value of the asset depreciation
account, categorized as depreciation expense.

Balance sheet reports should include both the asset and its corresponding
depreciation account, to show the depreciated value. Except for being
sorted alphabetically, I think it will not otherwise be grouped together or
listed as a sub-account.

2. To my knowledge gained from other posts here, you cannot. (Most
correspondents on this forum have little experience with the business
version. I have none.)
--
Chris Cowles
Gainesville, FL


"moltenflower" <jezarie[at]hotmail.com> wrote in message
news:1154142752.795388.58980[at]m79g2000cwm.googlegroups.com...
- quote -

Okay, here are the following problems that I have:

1. I cannot figure out a way to create an asset depreciation account.

2. Budget: I cannot add business categories to budgets. However, I
run a business that operates out of my home and need to be able to
incorporate such categories as electricity, phone, etc. into my budget.
These categories, however, are able to be written off so they are
business categories. Is there a get-around on creating a budget that
incorporates needed categories even if they're considered business?

Thanks for your help!