Hi Dave

I'm using y2k money but they're probably similar. What's happening is when
you invoice the item it goes into gross receipts, not when you're paid for
it. I don't like this procedure but if i recall correctly that's "proper
accounting procedure." That's when it goes to the schedule c.

One thing I've noticed that I don't like is the requirement to show the
invoice payment as a deposit. My businesses are both all cash (no accounts
receivable in reality) so is there any workaround to simplify this? I've
never used the inventory previously but if i can see a simple way to make it
work I'd like to. The way I've been doing it is just having a subcategory
to revenue for each business when making deposits. Trying to use the
inventory messes this up requiring the invoice payment to show as an
immediate deposit. I usually deposit once or twice a week.

Lew

Lew
"Dave" <anonymous[at]discussions.microsoft.com> wrote in message
news:02fb01c3bcdb$a8c3a680$a001280a[at]phx.gbl...
- quote -

Hi, I'm new to MS Money 2004 from Quicken. I set up
invoices, and when I receive payment to my business
account, it only records the transaction as "Payment of
Invoice" If I manually change it to "Gross Receipt" the
program puts the invoice back into open AR.

The problem is that I can't link "Payment of Invoice" to
my Schedule C. Can anyone help?

Thanks!