Accounting Questions


0 Votes
0 Answers
193 Views
A two-member Delaware LLC's initial accounting

My wife and I would like to start a two-member Delaware LLC. Once we have an LLC's bank account things seem to be easy to manage. However, before we have a bank account, how do we separate...

asked Oct 4 '17 at 13:41
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John
1 point

0 Votes
1 Answers
348 Views
Can we expense mileage as it incures?

I have a multi-member LLC and we elected to go the mileage route instead of actual auto expenses. Can we enter mileage as it incurs each week as an expense on our books? Or do we have to track...

asked Aug 29 '17 at 02:56
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MissQB
1 point

0 Votes
0 Answers
352 Views
Is there any free finance management application for a startup?

We are new IT startup. We need to manage our finance which we currently use excel sheet. Since we are engineers, we make the accounts in the way we know and thanks to google. But is there any...

asked Aug 10 '17 at 15:22
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Naseef Umar
1 point

1 Votes
2 Answers
6.55K Views
Can I deposit money into my LLC for start up costs or does it have to be a "loan"

I have heard it is necessary for any money transferred into an LLC for start up costs has to be a loan. Does that mean I can't just put my own money into it?

asked Aug 6 '16 at 18:14
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Kelli Mcmullen
6 points

7 Votes
4 Answers
3.28K Views
Alternative to QuickBooks for a small (1 man) S-Corp?

I'm currently using a 2009 version of QuickBooks Pro for my S-Corp accounting needs. They recently sent me a letter "suggesting" I upgrade to the 2012 version ($200+) as many of the features of the...

asked Mar 10 '12 at 03:23
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Dave
160 points

3 Votes
1 Answers
2.04K Views
Does a single-member LLC provide the same asset protection as an LLC with many partners?

I'm bootstrapping my startup and don't have any plans on raising money. As such, I've decided to keep accounting simple by going with a single-member LLC.What's not clear is if it would provide the...

asked Jun 4 '14 at 18:43
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Carlton Smeltzer
17 points

0 Votes
2 Answers
1.55K Views
Paul Graham's equity equation: how does the math work out?

Regarding this excerpt from Paul Graham's essay The Equity Equation:Let's run through an example. Suppose the company wants to make a "profit" of 50% on the new hire mentioned above. So subtract a...

asked Jun 7 '14 at 05:43
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User33952
1 point

1 Votes
1 Answers
1.47K Views
Can I transfer funds from my LLC into my personal account?

If I am a joint owner in an LLC, can I transfer funds to my personal account. The LLC was under my husband's name when filed for the state number.

asked Jun 16 '15 at 15:55
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Andra Moss
6 points

0 Votes
0 Answers
991 Views
Working for US based company from Singapore, payment to India account. Which country would I pay taxes in?

I live in Singapore and work for a US based company as contractor getting paid to my Indian account. Which country should I file my tax returns in? Should the Indian account be NRI/NRE to get the...

asked Jun 29 '15 at 04:24
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Sowmya
1 point

0 Votes
0 Answers
448 Views
Accounting firms specifically for startups in NYC?

Are there any accounting firms geared specifically for small startups in New York City?Why firms just for startups? I did the same for finding a lawyer (which deals specifically with startups) and...

asked Mar 7 '14 at 13:10
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James Urquhart
140 points

0 Votes
1 Answers
657 Views
What are your favorite accounting / financial hacks for startups?

Are there any unique tips and tricks that you use in your startup when it comes to credit cards, expenses, etc?

asked Feb 13 '14 at 12:29
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User30111
1 point

1 Votes
1 Answers
2.52K Views
Using existing PayPal and Amazon accounts for new LLC

I'm going to start out by providing a bit of background info here. My actual question is in bold, below. So my wife and I run a website for digital artists that sells download subscriptions. This...

asked Nov 15 '13 at 09:55
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Jordan Magnuson
8 points

0 Votes
2 Answers
552 Views
Where Can I Find Clients to Offer Virtual Assistants and Project Management Services to?

Hello I own a business service support firm which overs accounting, administrative support, and project management services. Currently, we begin offering software training and solutions to...


2 Votes
1 Answers
642 Views
How should I setup accounts for a small non-profit with monthly membership dues?

I am attempting to create books for a small non-profit where we have a member base who pay a monthly membership due. I have thought about creating an accounts receivable for each member that would...

asked Jul 31 '13 at 01:19
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Ahhchuu
13 points

0 Votes
1 Answers
602 Views
Credit card for business expenses: not 100% business OK?

I'm thinking of starting an LLC for my app projects, and I'd like to keep a separate business credit card to make the corporate veil harder to pierce. However, a lot of my business expenses are...

asked Jun 12 '13 at 14:53
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Archagon
111 points

2 Votes
1 Answers
878 Views
Do I have To Pay Taxes In The US?

I own a website and I sell digital content. I'm a non-resident alien with the US. Most of my customers are US based so I was wondering... Will I have to pay any taxes to the US? I have read that...

asked Jun 28 '13 at 12:24
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Jose Rodrigues
11 points

0 Votes
2 Answers
474 Views
Should the purchase of an asset count towards the monthly net profit of a company?

We operate a network of websites and from time to time we purchase other websites to add to this network of sites. At this point our company is profitable and we do monthly distributions to each...

asked Apr 25 '13 at 01:08
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User17220
19 points

2 Votes
1 Answers
717 Views
Using accrual accounting for recording catering transactions, should I have an account for each customer?

For example I could make a transaction like this: Order Placed for Yummy Meatball Platter $120 debited to Cash Account $120 credit to Food Payable(?) Account Then all outgoing payments (in the...

asked Apr 16 '13 at 03:22
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Io Samurai
123 points

0 Votes
0 Answers
401 Views
How to simplify my quickbooks items list

I am using Quickbooks to handle invoicing, purchasing, sales, etc. and so, to facilitate all these processes, I have an 'Items' list; I know, pretty standard stuff, right? Well, here's my problem,...

asked Mar 23 '13 at 01:51
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Jvance
1 point

0 Votes
2 Answers
856 Views
How do I integrate accounting and logistics software into an all in one system?

I would be starting an online clothes shop. Instead of having 2 systems act independently when an order comes in where the logistics system would handle which item warehouse should be packing and...

asked Mar 16 '13 at 01:09
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User25491
1 point