How do I handle non-deductible transactions in the Cash Out section of The Property Manager?
A. In our business, we have established a Cash Out Purpose called NonDeductible. Under that purpose we have established Categories that apply. In our particular case, some of our vehicles are expensed and some are depreciated. The expensed vehicles get a mileage deduction, so fuel purchases for those vehicles are not per se deductible. We therefore have a category naming each such vehicle under the NonDeductible purpose, and all expenses are placed there. This way, the expenses all show on our reports, but with the label nondeductible it is obvious to us and our accountant how to treat them. Q. I have changed one of my Cash Out Purpose names. How may I go back and change that purpose name for all my old transactions? A. There are two ways. First, you may edit all your old transactions one by one using the Edit Previous feature. This, obviously, could be tedious. Second, you may upgrade by installing Superbase Personal, and the Update feature under the Data menu item will handle the job
