FAQ
Most Asked Questions about How to use Pocket to do bookkeeping
- Q: Does Pocket Provide Annual Tax Filing & 1099 Filling?
- FAQ: Invoices and Income Statement Categorization
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- Q: How do you determine the COGS percentage for a business with variable product costs and multiple sales channels?
- Q: Why do I need to connect Pocket to my bank/CC, eCommerce platforms, and QuickBooks Online (QBO)?
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- Q: When onboarding a new client who previously used cash-based accounting, does Pocket restate the previous year's financials or start with the new method from January 1st of the current year?
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- Q: What category should tradeshow expense go to
- Q: Where to find our Gusto Vendors in Pocket
- Q: I am talking with someone for a loan and they are wondering if I can get a balance sheet that has a line item for Net Income under the Equity portion?
- Q: The payment we received was for two invoices, so my understanding is that payment gets split then I should be able to select the appropriate invoice for each payment in the split but the checkboxes are all grayed out and I can't select anything. There are no icons next to the split amounts in the transaction record, only next to the payment...
- Q: What does trade spend typically include