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#5
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| "Glenn" <Glenn[at]discussions.microsoft.com> wrote in message news:94E3E9E7-AA94-4B96-8EDA-1589D7AA7C8E[at]microsoft.com... - quote - > I can't figure out how to put cash business meals into money. The only
The way to think of it is this: Where do you get the cash from? Most likely> place > seem to be in the checking account, but it was CASH. it is either a withdrawal from the checking account, or you perhaps you get a check from your company and "cash" it at the bank turning it into cash. You should create a "Cash" account. For example: Checking account balance = $500 Withdraw $100 cash. Make this a transfer from the checking account to the cash account (because right after this withdrawla, you still have $500, only it is $400 in checking and $100 in cash. Pay for meal, $50. Make this a transaction in your cash account, with 'Payee' the name of the restaurant, and category "Business Expense: Meals" or something like this. Now the cash account contains $50 and the expense is taken in the category. Next day you have another meal, and it cost $75. You notice you have only $50. So you use your checking account's debit card. So the payeee is the restaurant, and the category is the same "Business Expense: Meals". Now checking account goes to $275, Cash account is still $50 and total expenses is $50 + $75 (0r $125). Hope this helps. Mark |
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#4
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| I agree; under your Business category, create a subcategory Meals & Entertainment and link this to Schedule C meals and entertainment and you're done. Then use your cash or credit card account to record your meals. Now what does get a little more complicated for me is Mileage. I record miles and multiply times 48.5 cents per. Then in tax reports I undo back into miles so that tax software can do the multiplication. I have not read the linked report and I use Money 2006 Deluxe, rather than the Business edition. "Dick Watson" wrote: - quote - > Put another way, what part of the link I sent you to made this sound harder > than Excel? Create an account, enter transactions. Seems like that's as > simple as anything in Money can be. Everything else is about whether you > want the balance of that account to reflect anything in reality and not > distort the balance of your financial picture as depicted by Money. > "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in > message news:eRgvEgR6HHA.5796[at]TK2MSFTNGP05.phx.gbl... > > What would you think was simpler? How is doing this in Money, more or less > > as described in the umpmfaq, more complicated that an Excel solution? |
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#3
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| Put another way, what part of the link I sent you to made this sound harder than Excel? Create an account, enter transactions. Seems like that's as simple as anything in Money can be. Everything else is about whether you want the balance of that account to reflect anything in reality and not distort the balance of your financial picture as depicted by Money. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:eRgvEgR6HHA.5796[at]TK2MSFTNGP05.phx.gbl... - quote - > What would you think was simpler? How is doing this in Money, more or less > as described in the umpmfaq, more complicated that an Excel solution? |
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#2
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| What would you think was simpler? How is doing this in Money, more or less as described in the umpmfaq, more complicated that an Excel solution? "Glenn" <Glenn[at]discussions.microsoft.com> wrote in message news:EA6FC19F-ACB1-4B83-A83F-01557E9B0042[at]microsoft.com... - quote - > Thanks. At least I now know an answer, but it was what I was afraid of. I > think I will just use an excel spreadsheet to keep the list for my > accountant. It seems so much easier than doing all that. Why microsoft > doesn't think in terms of simple, I don't know. |
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#1
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| Thanks. At least I now know an answer, but it was what I was afraid of. I think I will just use an excel spreadsheet to keep the list for my accountant. It seems so much easier than doing all that. Why microsoft doesn't think in terms of simple, I don't know. "Dick Watson" wrote: - quote - > Perhaps you need to create an account to track cash transactions? If that's > the thrust of what you re wondering, see http://umpmfaq.info/faqdb.php?q=93. > If you are wondering about specific * Business * versions of Money and their > support for this, I can't say for sure, but the same type of approach might > apply. > "Glenn" <Glenn[at]discussions.microsoft.com> wrote in message > news:94E3E9E7-AA94-4B96-8EDA-1589D7AA7C8E[at]microsoft.com... > > I can't figure out how to put cash business meals into money. The only > > place > > seem to be in the checking account, but it was CASH. |
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| Perhaps you need to create an account to track cash transactions? If that's the thrust of what you re wondering, see http://umpmfaq.info/faqdb.php?q=93. If you are wondering about specific * Business * versions of Money and their support for this, I can't say for sure, but the same type of approach might apply. "Glenn" <Glenn[at]discussions.microsoft.com> wrote in message news:94E3E9E7-AA94-4B96-8EDA-1589D7AA7C8E[at]microsoft.com... - quote - > I can't figure out how to put cash business meals into money. The only > place > seem to be in the checking account, but it was CASH. |
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#-1
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| I can't figure out how to put cash business meals into money. The only place seem to be in the checking account, but it was CASH. |
| Tags |
| business, cash, meals |
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