::InCharge Software-General Comparison Chart::

Common Situations	Credit Co. Summary	Bill Payment Provider	IC-Home Edition
�	�	�	This is not Business Accounting But, it tracks Rental Properties and side business expenses

� Lunch paid with a Credit Card? � Need to separate Personal from Business?	� All Restaurants grouped together	� Show that Credit Card was paid; � some show total Restaurant expenses	� Individual tracking provides for the distinction of each item charged; � items carried to the appropriate report and the corresponding line for tax preparation reports

� Ever purchase Office Supplies with a Credit Card? � Need to separate Personal from Business?	� All Office Supply stores grouped together	� Show that Credit Card was paid; � some show total�Office Supply�expenses	� Individual tracking provides for the distinction of each item charged; � 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

� Ever purchase Office Supplies with Cash? � Need to separate Personal from Business?	� Nothing, � they don't know about it until an item is paid with a credit card	� 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

� Want to save money � for Gifts, � a new PC, � non-monthly expenses, � eyeglasses, � 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.� � 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 monthly expenses "smoothed out"?	� Nothing, � they don't know about it	� Nothing,� � bills are�not in their control	� Since deposits are factored, � an even amount is allocated to each expense and � remaining funds become the allowance or 'spending money'

� Want to Ease checkbook balancing?	� Nothing	� Nothing; � payments still need to be recorded in the checkbook and� � 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

� Have one or more rental properties and � need to track expenses for Schedule-E tax reporting	� Nothing; � the closest is groupings by store type if a separate card is used but � can't distinguish to which property the expense belongs	� Nothing; � and most expenses are reactionary with rental properties	� All expenses are user defined with predefined guidance regarding the Tax form and line it belongs to; � the expenses would be defined for each property so that reports can show income and expense activity by rental unit as well as combined

� Need to accumulate like expenses for Tax filing? � Separate for unreimbursed job expenses, contractor (1099), � or rental property?	� Nothing	� Nothing	� All expenses are user defined with predefined guidance regarding the Tax form and line it belongs to. � The software already knows how to accumulate payments according to tax filing requirements

� Need to accumulate and � average expenses for Divorce court ? �And, the numbers need to be updated every time there is a new court hearing!	� Nothing	� Nothing	� A User Defined view function provides for matching the desired expenses to a User Defined description. � Then, the User Defined view gathers the expenses related for that view along with totals for Last Month, and averages for 3,6 and, 12 months.