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#4
02-11-2004, 11:50 AM
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 LLC in Money Deluxe & Business I found that Quickbooks works great for small businesses. I agree that "Small Business" label is a misleading. - quote - > -----Original Message----- > Money 2003 Deluxe & Business only recognizes Sch. C > transactions (sole proprietors). It does not allow > Business Investment accounts. It forces all Investment > accounts to be "Personal". In a sole proprietorship > investment accounts are personal; but not when they are > held by a Limited Liability Company or a Sub-S > corporation. The "Small Business" label is a misleading. > LLCs and Sub-S can also be small businesses. The name > should be "Deluxe & Sole Proprietors". I would not have > bought the product if I had known this. Does Money 2004 > correct this problem? If not what low-cost Microsoft > accounting product does? > . |
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#3
02-04-2004, 09:46 PM
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| Re: LLC in Money Deluxe & Business Unfortunately that is the difference between $69 Money Deluxe SB and $299 Quickbooks "Elvira" <elvira_morgan[at]yahoo.com> wrote in message news:99e201c3eb50$abf13a90$a101280a[at]phx.gbl... - quote - > Money 2003 Deluxe & Business only recognizes Sch. C > transactions (sole proprietors). It does not allow > Business Investment accounts. It forces all Investment > accounts to be "Personal". In a sole proprietorship > investment accounts are personal; but not when they are > held by a Limited Liability Company or a Sub-S > corporation. The "Small Business" label is a misleading. > LLCs and Sub-S can also be small businesses. The name > should be "Deluxe & Sole Proprietors". I would not have > bought the product if I had known this. Does Money 2004 > correct this problem? If not what low-cost Microsoft > accounting product does? |
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#2
02-04-2004, 07:05 PM
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| Re: LLC in Money Deluxe & Business - quote - > -----Original Message-----
What low-cost Microsoft accounting software handles LLCs> In microsoft.public.money, Elvira wrote: > > Money 2003 Deluxe & Business only recognizes Sch. C > > transactions (sole proprietors). It does not allow > > Business Investment accounts. It forces all Investment > > accounts to be "Personal". In a sole proprietorship > > investment accounts are personal; but not when they are > > held by a Limited Liability Company or a Sub-S > > corporation. The "Small Business" label is a misleading. > > LLCs and Sub-S can also be small businesses. > True. > Money 2003 Deluxe & Business is not suitable for corporations or > LLCs who choose to be taxed as corporations. I expect it would be > usable by LLCs who choose to be taxed as partnerships (Schedule E), > farmers (schedule F) or proprietors. and Sub-S transactions? - quote - > . |
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#1
02-04-2004, 06:54 PM
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| LLC in Money Deluxe & Business - quote - > -----Original Message-----
What low-cost MS accounting software does?> Money 2003 Deluxe & Business only recognizes Sch. C > transactions (sole proprietors). It does not allow > Business Investment accounts. It forces all Investment > accounts to be "Personal". In a sole proprietorship > investment accounts are personal; but not when they are > held by a Limited Liability Company or a Sub-S > corporation. The "Small Business" label is a misleading. > LLCs and Sub-S can also be small businesses. The name > should be "Deluxe & Sole Proprietors". I would not have > bought the product if I had known this. Does Money 2004 > correct this problem? If not what low-cost Microsoft > accounting product does? - quote - > . |
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02-04-2004, 06:34 PM
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| Re: LLC in Money Deluxe & Business In microsoft.public.money, Elvira wrote: - quote - > Money 2003 Deluxe & Business only recognizes Sch. C
True.> transactions (sole proprietors). It does not allow > Business Investment accounts. It forces all Investment > accounts to be "Personal". In a sole proprietorship > investment accounts are personal; but not when they are > held by a Limited Liability Company or a Sub-S > corporation. The "Small Business" label is a misleading. > LLCs and Sub-S can also be small businesses. Money 2003 Deluxe & Business is not suitable for corporations or LLCs who choose to be taxed as corporations. I expect it would be usable by LLCs who choose to be taxed as partnerships (Schedule E), farmers (schedule F) or proprietors. |
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#-1
02-04-2004, 05:57 PM
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| LLC in Money Deluxe & Business Money 2003 Deluxe & Business only recognizes Sch. C transactions (sole proprietors). It does not allow Business Investment accounts. It forces all Investment accounts to be "Personal". In a sole proprietorship investment accounts are personal; but not when they are held by a Limited Liability Company or a Sub-S corporation. The "Small Business" label is a misleading. LLCs and Sub-S can also be small businesses. The name should be "Deluxe & Sole Proprietors". I would not have bought the product if I had known this. Does Money 2004 correct this problem? If not what low-cost Microsoft accounting product does? |
| Tags |
| business, deluxe, llc, money |
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