I have a small business and want to use YNAB for record keeping and budgeting.
Not sure exactly how to set up my budget .... when I make a sale I want to be able to track the breakdown of it into categories.
For example if I sell $100 retail worth of product, I receive that retail amount plus tax so lets say $108.00 and want to be able to know that I have:
$50 available to place a future wholesale order, plus
$8 to cover the retail tax on that future wholesale order, plus
$10 (approx) to cover expenses (shipping, samples, catalogs, etc)
$40 to pay myself
I'm thinking I need to record EVERY inflow transaction as a split transaction to the wholesale and tax categories since those are set amounts that I will know at the moment of the sale, then the remaining amount recorded as income for the month to be budgeted out to expenses and paycheck (transfer to personal account 1-2 times per month).