This article is Part 3 of a series of articles dealing with the matter of posting payroll expenses and liabilities in your books via journal entries. Part 3 will specifically address recognizing retirement benefits employee deductions and the corresponding company contributions and liabilities in your books via journal entries. So, to get started,
Read MoreThis article deals with posting a business vehicle fixed asset purchase in your books. Let’s assume the following items on your motor vehicle buyers order: Tax, Title, License and Registration fees GAP Insurance There was a cash deposit from the buyer. The vehicle is financed primarily by a loan. In this article, we
Read MoreThis article is Part 2 of a series of articles dealing with the matter of posting payroll expenses and liabilities in your books via journal entries. Part 2 will specifically address recognizing health insurance employee deductions and the corresponding company contributions and liabilities in your books via journal entries. So, to get started,
Read MoreThis article will be part of a series of articles dealing with the matter of posting payroll expenses and liabilities in your books via journal entries. Part 1 will specifically address recognizing 401(k) employee deductions and the corresponding company contributions and liabilities in your books via journal entries. So, to get started, let’s
Read MoreThis article addresses the Accountant’s Copy file in QuickBooks Desktop. Sometimes a CPA will request an Accountant’s copy of the entire QuickBooks Desktop company file in order to be able to review and post adjusting journal entries (for a prior period of time) without affecting any current bookkeeping work that is a part of your
Read MoreThere a function in QuickBooks Online called “Delayed Charges”. This is located underneath the Customers menu within the “New” button on the left-hand side. The purpose of this function (it also can be called a non-posting charge) is to store your ongoing charges, to be billed out to your customers at some point. This function
Read MoreIf you are a small business that engages in speculative home building, then you probably also have access to that speculative home’s construction escrow account (from a previously arranged loan agreement). Since the building of a speculative home will be financed by a lender (such as a bank), you, as the home builder, will need
Read MorePart 2 in this series of tracking investments in your QuickBooks Desktop file will only cover tracking your cost basis of your paper investments. For each type of equity holding that you purchase: Example: 50 shares of XYZ, Inc. at a market price of $2/each = a value of $100 cost basis. I like
Read MoreOverall, it is always recommended that you choose proper befitting software or other method for your own manual investments tracking needs. This series of blogs will delve into a possible method for tracking your paper investments within a specifically created QuickBooks Desktop company file. To begin, you should always begin the bookkeeping for your
Read MoreIf you have a small-time inventory business and are literally storing your inventory in your garage and are not utilizing a complex inventory software to track your stock status and calculate the Cost of Goods Sold, then here are some tips to post manual entries into your bookkeeping records to help assist in your inventory
Read More
AccuraBooks