Home Products Downloads News Store Support Forums

iCash - Personal Finance | Frequently Asked Questions

iCash - Personal Finance

Frequently Asked Questions

Compatible with MS Windows Compatible with MacOS


VAT handling
You can handle VAT (Value Added Tax) two ways:

1.- Use the Tax field to write the VAT amount and then select the tax type pull-down menu. As you know we have the VAT we pay and the VAT we collect. That is the easiest and fastest way to add simple VAT information as you only need to create a single transaction. iCash Query panel lets you search that field and VAT tax report is created thanks to it. The drawback is when the invoice includes more than one VAT type, other government taxes, shipment, shipment VAT and so on. In such case second method is far more powerful.

2.- Write 2 transactions and group them. First transaction corresponds to the amount without VAT and second transaction to the VAT itself. Needless to say you have to add two new accounts, 'VAT payed' and 'VAT collected' to the 'Liabilities' category. Usually you will get the 'VAT payed' refunded and owe 'VAT collected' to the government.

An outgoing invoice will look like this:

Day Type Origin Account Target account
Amount
1 Sale My client My bank
500.00
1 Sale My client VAT Collected
80.00

An incoming invoice will look like this:

Day Type Origin Account Target account
Amount
1 Transfer My bank My provider
500.00
1 Transfer My bank VAT payed
80.00

That way you can add as many VAT types, taxes, shipment or whatever. Once all the transaction have been created, select and group them ('Transaction | Group' menu). As a result you will get a single transaction for the total amount you can expand to see details. This is known as a split. Note that conventional accounting use this approach as well. Again you can Query transactions using VAT accounts and create reports using the account statement and selecting the VAT account.


 Rate This Page!
Stan Busk Stan Busk
August 12, 2019




Recent questions from our iCash users
  How can I update an asset value New
  iCash file size grew up over 120 Mb New Screenshot
  Importing Bank statements into iCash Update
  Cambiar de macOS a Windows
  Desactualizado 32 bits a 64 bits
  Importing accounting data from Quicken
  Error cargando iCash
  Creating submaps
  Quelle est la différence entre iCash et iCash SE?
  Reconciled amount is wrong
  Activation Key
  Icash update
  Wont print Anything
  Fallo cierre programa
  Mensaje de error al cerrar la aplicación
  Plan de actualización
  New download wont open
  No se ejecuta el programa
  64bit version of iCash
  No files in File Manager
  How can I update from iCash 7.5.3 (App Store) to 7.6.x
  Slow loading iCash data files
  Computar cuotas de hipoteca como gasto en los informes
  MacOS 10.13 High Sierra
  64-bit version of iCash availability
  Desactivar notificaciones del plan de actualización
  The iCash Currency Manager doesn't update anymore
  How I can I recover the serial number?
  All transactions are displayed with the same date
  Editing the Transaction Types list on Windows

  [Valid RSS]  Subscribe to Maxprog's Knowledge Base

Generic questions
New paragraph
How do I install Maxprog software on my computer?
macOS
MS Windows
New paragraph
How can I change an application language?
macOS
MS Windows
New paragraph
How to register the software I've just purchased?
macOS
MS Windows
New paragraph
How can I recover the serials I have lost of products I purchased here?
macOS
MS Windows
New paragraph
How can I recover my serial from a registered application?
macOS
MS Windows
New paragraph
How can I find out the product name and version my serial unlocks?
macOS
MS Windows
New paragraph
Where can I read your software License Agreement?
macOS
MS Windows
New paragraph
How to fix software issues (doesn't start, runs slowly, crashes often, ...)
macOS
MS Windows
New paragraph
Double-clicking on my files no longer opens them with the software, why?
macOS
MS Windows
Stan Busk If you want to make the most of the software that you have acquired at Maxprog, do not miss the Stan's Blog. It is a library of Tutorials and Tips covering specific features and tipical problems you may have when using our tools. This page is updated regularly depending on the topics discussed in our public forums and issues reported thru our HelpDesk. If you are interested on what we are currently working on (or want to participate in beta testings) don't miss the Stan's Logbook.
For years, MAX Programming has provided companies around the globe with sophisticated and innovative solutions. Our commitment to quality is not only evident in our products, but also in our people. It is our mission in Professional Support Services to ensure that our products perform to the fullest of their ability in order to meet the business objectives of our customers. We provide the tools and information required for improved productivity. To accomplish this, we offer an array of services including: Technical Support, Education Services and Consulting Services.

Maxprog is part of an internet site network made of desktoolset.com, emaildesignstudio.com, familycash.com, icash.promo, maxbulkmailer.com, maxprog.com, maxprog.net, maxprog.org, maxprog.us, myrecipients.com, newslettercomposer.com, sharedcontents.com, stanbusk.com, usertools.com.
iCash is a software intended to control your personal finance, keeping track of incomes, expenses, credits, debts and Banks transactions for you. As simple as creating the accounts you need and move money between them! You don't even need to know about accounting or even care about it! Your finances depends largely on good organization that lets you know where your money comes from and to where it goes.

iCash is an easy-to-use, full featured and multi-purpose Personal Finance Manager tool for macOS and Windows intended to help you control all kinds of money issues. iCash can serve several small accounting needs for either private users, or clubs, associations, self-employed, small businesses or simply to be used at home, making keeping track of incomes, expenses and Banks transactions a snap.

With a few clicks you can begin creating accounts and making transactions in minutes. iCash is versatil and user-friendly. For this reason it doesn't use the principle of double-entry bookkeeping making it much easier to be used by people with very little or no accounting knowledge at all.

Simply create accounts for all your expenses, incomes, Banks... and start moving money between them! iCash will then allow you to find out where all your money comes from and where it goes. All accounts are well organized according to user-defined categories and built-in types so reports can be tailored to include all records or only ones meeting specified criteria.

Cash also allows you to have as many money manager documents as necessary so you can control almost anything from Clubs, associations, home and so on at the same time.

   Currency  39.90
34.99   
 

Home Products Downloads News Store Support Forums