Giving users personal storage space on the server , including Personal Budget?
I need help planning and tracking business expenses in Money 2006 Small
Business. I have a personal budget set up, but it doesn't seem like you can
add business categories to a budget. Fine, but why can't you create a
business budget? I assume that many have this same issue. For a simple
example, let's say your business pays for your Internet and telephone service
at $100 per month, that your business income is $1000 per month and that you
pay yourself $700 per month. Although the income and expense can be reported
in “spending by category�reports, it cannot be budgeted. Meaning real
transactions are occurring with no way to plan for those transactions. In
this case, your budget would only see the $700 in salary, but the $100
expense is no where to be found. Think of the small business owners who use
a combined personal and business account (not a great idea, but common for
very small businesses). The money is out of the account, but there is no way
to plan or track the expense in the budget. Is the solution to set up vendor
accounts and track it with vendor reporting, but with no expense goals?
Ideally, I’d like the flexibility to budget for all personal and business
expenses in one place. If that is not possible, is there a way to create a
separate business budget? If not, how do you recommend establishing and
tracking business expense goals?
I assume you can still schedule an estimated transaction.
In this case, your budget would only see the $700 in salary, but the $100
expense is no where to be found. Think of the small business owners who use
a combined personal and business account (not a great idea, but common for
very small businesses). The money is out of the account, but there is no way
to plan or track the expense in the budget. Is the solution to set up vendor
accounts and track it with vendor reporting, but with no expense goals?
Ideally, I’d like the flexibility to budget for all personal and business
expenses in one place. If that is not possible, is there a way to create a
separate business budget? If not, how do you recommend establishing and
tracking business expense goals?
Suppose you designated the business accounts as non-business
accounts? Would there be a downside?