On Oct 29, 2008, at 3:39 PM, skylamar wrote: > Hi. I have a question and a few suggestions about how Moneywell keeps > track of tax-related transactions. > > Right now, I can check the 'tax-related' checkbox for a bucket. > However, I am confused about what checking this tax-related box does. > Is there a way to see all the tax-related buckets at once? > There are tax reports that print out all these buckets and/or transactions.
> One of Moneywell's default buckets is Taxes. To me, a bucket for taxes > doesn't make sense because tax-related transactions may include > transactions from all sorts of buckets ---for instance, > transportation, medical insurance, computer and office purchases. > Taxes would contain payments for property taxes or other explicit tax payments. > My suggestion is to have a 'tax-related' checkbox for transactions and > not buckets. Then, my suggestion is to have a Smart Bucket called > Taxes that compiles all the transactions with the tax-related checkbox > selected. I think such a system would make keeping track of tax- > related items a lot better than the current system. > This means that you will have to be very aware of every transaction and how it relates to your taxes and that means more thought during data entry. When I'm doing my taxes, I typically want totals for groups of tax-related transactions like charity and income. I can't think of a case where I'd have a tax-related transaction outside of those buckets. Even a detail-oriented finance app like Quicken tracks tax-related transactions by category. I don't see this behavior changing in MoneyWell. Sorry. > As a side suggestion, I would also like to have the ability to choose > the percentage of the transaction that is related to taxes. For > instance, I may use my home phone for freelance business 40% of the > time. Although, such a feature isn't as important as my suggestions > above. This too would add to the complexity of data entry with little return on your work. At the end of the year when I do taxes, I decide what percentage of my personal expenses are business related and put that number on my tax form. The focus of MoneyWell is managing your bank statements and your cash flow. We'll leave the official tax calculations for other software tools to handle. Thank you for your suggestions! Peace, Kevin Hoctor [EMAIL PROTECTED] No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
