Accounting Basics & Book keeping
Accounting Knowledges
- How many bank accounts do you recommend that I have?
- Understanding Amortization for Startup and Organizational Costs
- How do I add a user (such as my tax preparer) to my QBO account?
- Chart of Accounts - What is the "Quickbooks Payment Fee" expense account used for?
- Should I follow Cash basis accounting or Accrual accounting?
- Handling Business Expenses Paid with Personal Credit Card
- Can you help me understand W9, 1099, and what actions I need to take?
- What is the difference between gross and net sales?
- Are warehouse, freight, and fulfillment costs part of my Inventory cost or are they Operating Expenses?
- What is EBITDA?
- Chart of Accounts - What is the "R&D Expense" expense account used for?
- I received a Purchase Order from my customer. How is that reflected on my accounting books?
- I received a refund from a vendor. How do I categorize this?
- Chart of Accounts - What is the "Supplies" expense account used for?
- Where can I find the balance in my Amazon account that has not yet been paid out to me?
- I received a Loan, how do I record that in my books?
- How many accounts should I have in my chart of accounts?
- What happens to my old (original) QBO file once I cancel that subscription?
- Onboarding Non-US Contractors
- I deposited a check and it bounced (the funds were withdrawn from my account). How do I categorized the cash outflow withdrawl?