Kevin, your response made sense. I didn't eve realize it was possible to print tax reports.
On Oct 29, 2:01 pm, Kevin Hoctor <[EMAIL PROTECTED]> wrote: > 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 LLChttp://nothirst.comhttp://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 -~----------~----~----~----~------~----~------~--~---
