Accounting Questions


20 Votes
6 Answers
14.4K Views
How to choose between Cash and Accrual Accounting

I just started my first business. I’m debating on whether to go with cash-basis accounting or accrual accounting. From what I’ve read it seems that cash-basis is the easier method, but accrual is...

asked Mar 27 '10 at 13:54
Blank
Zuly Gonzalez
9,194 points

3 Votes
2 Answers
2.37K Views
Sending money to users

I'm considering building a system that allows our users to purchase points, trade them between themselves, then cash them in for real currency. The system will work like this: User A buys points...

asked Mar 27 '10 at 02:24
Blank
Codebeef
148 points

3 Votes
5 Answers
5.13K Views
What set of expenditure categories would you recommend for your bookkeeping?

Boring subject, I know, but... I am looking to set up my company's accounts shortly and would appreciate some guidance from more established business operators. I don't know if there is any...

asked Feb 25 '10 at 18:51
Blank
Steve Wilkinson
2,744 points

5 Votes
2 Answers
3.08K Views
Accounting for personal credit card

I have a personal credit card that I use for both personal and business purchases. Ideally, I would have a separate credit card for each. Until that is sorted out, how does my business spending on...

asked Jan 29 '10 at 12:01
Blank
Joel
126 points

5 Votes
9 Answers
3.6K Views
What application do you use for managing your business' finances?

I was wondering what applications other people here use to manage their business finances. I looked at some programs such as Simply Accounting and QuickBooks, but both of their free versions are...

asked Jan 16 '10 at 02:57
Blank
Elie
4,692 points

0 Votes
5 Answers
3.4K Views
How to find and use a good bookkeeping service?

For 2010, I think it's finally time to get a bookkeeper. We're doing it in-house now, which means that it's always behind schedule and not as accurate as I'd like. In an ideal world, we'd like...

asked Dec 11 '09 at 03:40
Blank
Alex Papadimoulis
5,901 points