::InCharge Software-Comparison SalesExecutives

Salesman Account Manager Account Executive Situations	Credit Co. Summary	Bill Payment Provider	IC-Home Edition
�(These cases apply to employees)	�	�	This is not Business Accounting But, it tracks Rental Properties and side business
� Out of town travel - need to look ahead for expenses that need to be paid � Long workdays meeting with clients � Reliance on software to schedule activity	� Nothing	� Can make fixed repeatable payments automatically � All other payments require remembering that they are due, action to pay and then record it in the register	� Shows which expenses need immediate attention whether it be personal or sales related � Provides the ability to see (look ahead)which expenses need attention because they will�arrive while traveling � Automatically schedules the next Due Date when an expense is paid

� Need to save money for promotional gifts or material	� Nothing	� Nothing	� Expense items can be established with a target date; amount to spend and a reminder lead time to start shopping

� Want to save money � for Gifts, � a new PC, � new tools, � non-monthly expenses, � License renewals , � yearly insurance premiums?	� Nothing, � they don't know about it until an item is paid with a credit card	� Nothing, � they don't know about it.� � Banks suggest you have separate saving accounts for each	� When a deposit is made, funds are factored based on the target date and allocated to each expense; � this is true whether it is a bill or a future expense wish�

� Want to Ease checkbook balancing ?	� Nothing	� Nothing; � payments still need to be recorded in the checkbook and� � Checking account balanced manually	� Recording of payments generates an automatic check register and � balancing is just a few clicks; � checkbook balancing report printed with a click of the mouse

� Need to separate and, � group expenses according to IRS tax reporting requirements � Year end requires tabulation	� Knows nothing about�Salespersons�tax reporting � Can group some expenses if a separate Credit Card is used only for�sales related expenses	� Seldom used�by�sales people � Expenses are reactionary usually based on need to advertise, buy supplies�or renew License	� Individual tracking provides for the distinction of each item paid; � items carried to the appropriate report and the corresponding line for tax preparation reports

� Ever Pay Tolls or Parking; � tipped a Bellman or � Luggage Handler; � buy gasoline; � pay for temporary help with Cash? � Need to separate Personal from Business or Home Improvement?	� Nothing, � they don't know about it	� Nothing, � they don't know about it	� Having a Cash Allowance item established, cash paid expenses are recorded and � the allowance is replenished; � items carried to the appropriate report and the corresponding line for tax preparation reports

� Use same checking account for both personal and�Sales related non reimbursable�expenses � keep�Sales related�receipts separate � Year end requires tabulation	� Knows nothing about checking account usage	� May be used to pay some personal bills � Not applicable for most�Sales specific� expenses	� Individual tracking provides for the distinction of each item paid; � items carried to the appropriate report and the corresponding line for tax preparation reports

� Use same Credit Card for Personal and�Sales expenses � Need to separate Personal from Business? � Year end requires tabulation	� All Restaurants grouped together � All Office Supply stores grouped together � Can't tell which are business and which are personal � Can't tell the business category	� Show that Credit Card was paid; � some show total Restaurant expenses � some show total�Office Supply�expenses � Can't tell which are business and which are personal � Can't tell the business category	� Individual tracking provides for the distinction of each item charged; � items carried to the appropriate report and the corresponding line for tax preparation reports

� Keep separate checking account for�Sales related�non reimbursable expenses�for IRS tax reporting requirements � Year end requires tabulation	� Knows nothing about checking accounts	� Seldom used�by�Sales people � Expenses are reactionary usually based on need to advertise, buy supplies�or renew License	� Manages multiple checking accounts

� Have a separate Credit Card for�Sales related expenses but have only one checking account and pay the card from that checking account � Year end requires tabulation	� As long as the card is used diligently only for non reimbursable sales expenses, it can show year end summary by store type when it knows. � Can't tell if office supply store purchase was for � advertising or office supply � or training or licensing	� Office expenses, � Advertising expenses, � purchase job supplies�and � Licensing expenses may be paid online but � can't be scheduled	� Individual tracking provides for the distinction of each item charged; � I tems carried to the appropriate report and the corresponding line for tax preparation reports

� Accumulate money to pay taxes	� Nothing	� Nothing � Banks suggest you have separate saving account to save for taxes	� When a deposit is made, funds are factored based on the target date and allocated to each expense; � this is true whether it is a bill or a future expense wish� � Establish a "Tax to be paid" expense item and money will be allocated to it with each deposit

</ td>