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Bernie Akporiaye

Questions relating to budgeting and planning software and other Enterprise Performance Management questions in general.

Linda Saltz, CPA,

QuickBooks best practices, troubleshooting, accounting, tax We have over 70 pages of website content about QuickBooks tips, running a business, tax and business startup at

Recent Answers

2017-01-14 Working Capital:

Hi FA,     Since the capital deposited needs to be paid back to the bank, it is indeed a loan.   Set up a new chart of account, type = long term liability, name = bank name + last 4 digits of loan account

2016-12-17 Payment:

Hi FA,     1. How was the payment originally recorded?  What 2 chart of accounts were posted?     If no payment was entered, how did you reconcile the bank account?    2. If indeed the payment was made

2016-12-17 Payment:

If you have to repay to "company A" the $130,000 then you have a loan     1. Post the bill in accounts payable for $130,00 and code to the appropriate account     (inventory or COGS)     2. Setup new Chart

2016-12-01 Is this bookkeeper scamming me?:

Hi Chris,     I don't know if scamming is the right term, but certainly you are not receiving the level of   customer service you desire.     You will find many qualified QuickBooks bookkeepers that offer

2016-11-27 Loan Given:

Loan given:  Journal entry:  Debit Notes Receivable   Credit  - the checking account that provided the cash    Repayment :  If the loan terms include a rate for interest, each payment would be allocated

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