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Business investment accounts?
Does anybody know how to add an investment account under the business
catergory? Money forces you to make them personel accounts and I am becoming extremely frustrated. Doesn't anybody at Microsoft realize that companies make investments too!? |
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Re: Business investment accounts?
I am new to this program, but I cannot find it either. My guess is that Home and Business is designed for small home businesses that are not too far along. If your company is far enough along to have its own investment accounts (are you incorporated?) then you probably need to go to something like Quickbooks and separate your business and personal transactions completely. If you just have an asset in your name that is really making business interest/dividends, then you can categorize them into your Business income so they will be included on Schedule C.
"Robv832000" <Robv832000@discussions.microsoft.com> wrote in message news:B685870D-2926-4471-A343-25ACDFCBD986@microsoft.com... Does anybody know how to add an investment account under the business catergory? Money forces you to make them personel accounts and I am becoming extremely frustrated. Doesn't anybody at Microsoft realize that companies make investments too!? |
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Re: Business investment accounts?
"SteveC" <sconklan.nospam.yahoo.com> wrote in
news:451ADC0D-CED0-494B-B719-AD52A282E08A@microsoft.com: > "Robv832000" <Robv832000@discussions.microsoft.com> wrote in message >> news:B685870D-2926-4471-A343-25ACDFCBD986@microsoft.com... Does >> anybody know how to add an investment account under the business >> catergory? Money forces you to make them personel accounts and I am >> becoming extremely frustrated. Doesn't anybody at Microsoft realize >> that companies make investments too!? > > I am new to this program, but I cannot find it either. My guess is > that Home and Business is designed for small home businesses that are > not too far along. If your company is far enough along to have its > own investment accounts (are you incorporated?) then you probably > need to go to something like Quickbooks and separate your business > and personal transactions completely. If you just have an asset in > your name that is really making business interest/dividends, then you > can categorize them into your Business income so they will be > included on Schedule C. Microsoft offers a product called "Microsoft Office Accounting" that is a full-up accounting package. It might be just what you want, but all the competitors sell something similar. Microsoft keeps sending me free copies of MOA every year, and I keep telling them I'll be interested when they fix the bug that keeps me from importing my Money file because it was created more than a couple of years ago. So far, no luck. My accountant is looking forward to MOA, for what it's worth. -- Steve B. New Life Home Improvement |
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Re: Business investment accounts?
I downloaded it today to take a look at it. I am now an accountant for a law firm using TABS (I am learning as I go) and was interested in it. Much more than I need for my consulting business, but not enough for the law firm. Quickbooks Pro Legal is probably what we need but the lawyers love TABS. I thought it was interesting (MOA) but was clunky about downloading transactions and definitely not user friendly. Maybe MOA Pro, which is what they hope you will buy does it better.
"Steve" <respond@online.newsgroup> wrote in message news:Xns9A9393828EF1A184365720018436572@207.46.248 .16... "SteveC" <sconklan.nospam.yahoo.com> wrote in news:451ADC0D-CED0-494B-B719-AD52A282E08A@microsoft.com: > "Robv832000" <Robv832000@discussions.microsoft.com> wrote in message >> news:B685870D-2926-4471-A343-25ACDFCBD986@microsoft.com... Does >> anybody know how to add an investment account under the business >> catergory? Money forces you to make them personel accounts and I am >> becoming extremely frustrated. Doesn't anybody at Microsoft realize >> that companies make investments too!? > > I am new to this program, but I cannot find it either. My guess is > that Home and Business is designed for small home businesses that are > not too far along. If your company is far enough along to have its > own investment accounts (are you incorporated?) then you probably > need to go to something like Quickbooks and separate your business > and personal transactions completely. If you just have an asset in > your name that is really making business interest/dividends, then you > can categorize them into your Business income so they will be > included on Schedule C. Microsoft offers a product called "Microsoft Office Accounting" that is a full-up accounting package. It might be just what you want, but all the competitors sell something similar. Microsoft keeps sending me free copies of MOA every year, and I keep telling them I'll be interested when they fix the bug that keeps me from importing my Money file because it was created more than a couple of years ago. So far, no luck. My accountant is looking forward to MOA, for what it's worth. -- Steve B. New Life Home Improvement |
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