Accounting Basics & Book keeping
Accounting Knowledges
- Understanding Profit and Loss (PnL) Statements
- What is the difference between Inventory Asset vs COGS?
- How do I create invoices in Quickbooks to send to my customers?
- In QBO, how do I set up Products/Services for invoicing my customers?
- Where can I find a sales report in Shopify?
- My Amazon/Shopify Receivables balance looks high. What could be driving that?
- Can you explain how Sales and Accounts Receivable are recognized when I invoice my customer?
- Fixed Assets Depreciation: What Method Does Pocket Use to Depreciate Fixed Assets Such As Computers
- Are shipping expenses part of my Inventory/COGS or operating expenses?
- How do I provide Accountants access in QBO to Pocket?
- Accrual-based accounting method and its double-entry ledger system
- Does Pocket complete monthly reconciliations?
- What impact does COGS (and my COGS %) have on taxes?
- Where can I find a payout report in Shopify?
- Create Credit Memo in QBO for Customer Invoice that will not be paid
- Chart of Accounts and IRS Expense Categories
- Why are you requesting my bank statement?
- Generate reports in QBO - Balance Sheet and P&L
- How to Treat Inventory in Cash-Based and Accrual-Based Accounting
- How many bank accounts do you recommend that I have?