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#3
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| As a first order approximation to answer THAT question, you could take all of the spending from relevant categories and back into how much would have been sales tax. Try last year's to find out if it begins to be worth the headache it will be to collect this--regardless of how Money does or doesn't make it easy, you are still talking lots of small numbers here. "R. Ian Lee" <RIanLee[at]discussions.microsoft.com> wrote in message news:1BEB6E06-763C-4BD4-801D-9FBA0E484BD9[at]microsoft.com... - quote - > Well, that's the $1M question... Until I can get a measure of what I'm > actually paying, I'll never know. I hope that we're not spending more > than > the table suggests, but we do a lot of spending. That's the sort of stuff > Money should be able to tell me. |
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#2
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| Well, that's the $1M question... Until I can get a measure of what I'm actually paying, I'll never know. I hope that we're not spending more than the table suggests, but we do a lot of spending. That's the sort of stuff Money should be able to tell me. "Michael J. Blazin" wrote: - quote - > Do you pay that much tax that the IRS table understates your tax paid? My > experience in TX is that the table is pretty generous unless you make a very > large purchase. In those cases, you just use add in the purchase specifics > to the table values. > "R. Ian Lee" <RIanLee[at]discussions.microsoft.com> wrote in message > news:B935B01C-5A2F-4B5C-AC85-3016BE69D7DF[at]microsoft.com... > > I live in a state that does not have an income tax, but instead has a sales > > tax. Since we can deduct the sales tax on our income tax return, I would > > like to be able to easily track the sales tax portion of every purchase. > > Unfortunately, it seems that in Money the only way to do this is by > > splitting > > a transaction. This more than doubles the time necessary to enter a > > transaction and thus makes it not worth doing. I would love it if Money > > would put a sales tax input option on the main entry form. Even better > > would > > be if they would allow us to build custom entry forms based on both who > > the > > transaction is going to and on a global/generic basis. > > > Anyone else out there found an easy way to track sales tax? |
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#1
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| Do you pay that much tax that the IRS table understates your tax paid? My experience in TX is that the table is pretty generous unless you make a very large purchase. In those cases, you just use add in the purchase specifics to the table values. "R. Ian Lee" <RIanLee[at]discussions.microsoft.com> wrote in message news:B935B01C-5A2F-4B5C-AC85-3016BE69D7DF[at]microsoft.com... - quote - > I live in a state that does not have an income tax, but instead has a sales > tax. Since we can deduct the sales tax on our income tax return, I would > like to be able to easily track the sales tax portion of every purchase. > Unfortunately, it seems that in Money the only way to do this is by > splitting > a transaction. This more than doubles the time necessary to enter a > transaction and thus makes it not worth doing. I would love it if Money > would put a sales tax input option on the main entry form. Even better > would > be if they would allow us to build custom entry forms based on both who > the > transaction is going to and on a global/generic basis. > Anyone else out there found an easy way to track sales tax? |
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| Splits are about the only way to track them as you go along. You could also pull out relevant categories at the end of the year from a all transaction, all accounts, previous year query in MoneyLink, say, and use Excel to back into an amount for sales tax. "R. Ian Lee" wrote: - quote - > I live in a state that does not have an income tax, but instead has a sales > tax. Since we can deduct the sales tax on our income tax return, I would > like to be able to easily track the sales tax portion of every purchase. > Unfortunately, it seems that in Money the only way to do this is by splitting > a transaction. This more than doubles the time necessary to enter a > transaction and thus makes it not worth doing. I would love it if Money > would put a sales tax input option on the main entry form. Even better would > be if they would allow us to build custom entry forms based on both who the > transaction is going to and on a global/generic basis. > Anyone else out there found an easy way to track sales tax? |
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#-1
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| I live in a state that does not have an income tax, but instead has a sales tax. Since we can deduct the sales tax on our income tax return, I would like to be able to easily track the sales tax portion of every purchase. Unfortunately, it seems that in Money the only way to do this is by splitting a transaction. This more than doubles the time necessary to enter a transaction and thus makes it not worth doing. I would love it if Money would put a sales tax input option on the main entry form. Even better would be if they would allow us to build custom entry forms based on both who the transaction is going to and on a global/generic basis. Anyone else out there found an easy way to track sales tax? |
| Tags |
| sales, tax |
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