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General accounting and bookkeeping questions. Specific questions pertaining to: monthly bookkeeping, preparing financial reports; reconciling accounts.
I cannot answer questions pertaining to pension or retirement planning.
This is not a forum to have homework answered. Please do your own homework.
30 years' experience doing tax and accounting work
MPA from Univ. of Texas at Austin, MBA Golden Gate Univ, San Francisco CA
Accounting is information for the small business owner. If your information is better, your business decisions should be better, then your business can become more profitable.
Often small business get into trouble or fail due to lack of information about their business. The more information a small business owner has, the more likely the business will succeed.
Simply looking at the amount of cash a small business earns may not necessarily provide all the information a small business owner needs.
I suggest you do bookkeeping as though the sole proprietorship were separate from any other personal income or expenses. If a loan is personal, that should not be included in the business income or
Sorry it took so long to get back to you. When you sell a product, the cost of the product typically includes packaging. Accordingly, boxes, ribbons, bubble wrap, etc. shoud be included as a cost component
First, this forum is a place for bookkeeopng and accounting questiions as oipposed toi tax questioins like this. Having said that, generally the income from a commonly owned piece of property is split
Yes, there are. 1. Be sure the checking accounts are reconciled. In fact, be sure all accounts are reconciled. 2. Most balance sheet accounts have original documents which are paper. For example
Yes, I would tell your CPA about it. As to whether it will be resolved, I do not know exactly what to tell you - can you not just move the funds between accounts to correct the error?? If you