VAT Setup

Pepelepiu · Joined: 24 Feb 2008 Posts: 1

Hi there, I'm setting up a small business and thinking of using Money (as I
have been using Money for my household accounts). But the challenge there is
to set VAT (or GST in New Zealand), automatic. How do I set this up in
Money? (First of all, my Money is Money 2000). Many thanks Pepelepiu.

Archived from group: microsoft>public>money

Steve · Joined: 22 Aug 2007 Posts: 102

=?Utf-8?B?UGVwZWxlcGl1?= wrote on
23 Feb 2008 in group microsoft.public.money:

> Hi there, I'm setting up a small business and thinking of using Money
> (as I have been using Money for my household accounts). But the
> challenge there is to set VAT (or GST in New Zealand), automatic.
> How do I set this up in Money? (First of all, my Money is Money
> 2000). Many thanks Pepelepiu.

You'll need the business version of Money. It lets you define all your
products and services, specifying which are taxed and at what rate.

The sticking point is that you'll have to do some research to find out
what version of Money Small Business is the latest for your country.
Microsoft has given up on new versions for anywhere but US and Canada, I
think.

If I were just starting out, I'd think seriosly about a higher-level
accounting package than Money to run a small business. Money Small
Business is just barely adequate for what I need to run my one-man
operation.

--
Steve B.
New Life Home Improvement

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