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15-05-2000, 12:03 PM
I have recently installed Money 2000 & am a small business user. I need to calculate and post GST on most of my bills. In Quicken this was easy. In Money the facility is there but the process isn't. How does Money do the following:1. Calculate the GST content of an account at 12.5% 2. Post the GST to the GST account. 3. Subtract the GST from the Gross amount. 4. Post the Net amount to the Category account selected.
All this should be done automatically by simply entering the Gross amount and having the account active for GST