Bookkeeping Questions

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...

LLC Accounting Bookkeeping Accounting Method Small Business

asked Aug 29 '17 at 02:56

MissQB
1 point

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...

Accounting Bookkeeping Small Business

asked Jul 31 '13 at 01:19

Ahhchuu
13 points

I want to minimise startup costs so by reading many useful posts here I've came to a conclusion that bookkeeping and accountancy are the biggest cost if you are starting small. My service is going...

Startup Costs Cost Low Cost Bookkeeping Micro Startup

asked Mar 1 '13 at 20:19

Ivan Von Turkovich
21 points

I am going to start a company for a simple online service which should sell digital goods to customers. Since I am new in running business world there are few things I need to learn. I've tried to...

Startup Costs Bookkeeping Micro Startup Micro Payment Paypal

asked Mar 5 '13 at 09:43

Ivan Von Turkovich
21 points

I started a little software company as a sole proprietorship and I'm generating income from an app in the Mac App Store. I have made a few business related purchases (software, web hosting,...

Accounting Bookkeeping

asked Nov 1 '12 at 14:49

Mike T
174 points

I am a bookkeeper. In working in my client's files, I have found some discrepancies and I want to let them know about these discrepancies and that I think they should seek some professional advice...

Legal Bookkeeping

asked Aug 10 '12 at 15:01

James
1 point

As a new startup, do I really need a part-time accountant or can software like QuickBooks do everything for me? Perhaps a bookkeeper to input data into the software is all I need?

Getting Started Financial Bookkeeping Accountants

asked May 24 '12 at 07:30

Anon E
41 points

I am in the process of setting up an accounting "system" (well set of procedures etc). For most businesses, the books of original entry include: Sales Day Book Sales Return Day Book As I...

Ecommerce Payments Accounting Bookkeeping

asked Dec 9 '11 at 04:23

Morpheous
23 points

Can someone point me to some examples of how to handle depreciation in QuickBooks (2009)? To give an example, I buy a computer for $2000 in 2009. I choose "Equipment" as category. I duly report my...

Tax Bookkeeping

asked Aug 16 '11 at 06:27

Dave
160 points

I currently use mint.com to keep track of my personal finances and I love it! Is there an equivalent product in regards to quality/execution for small businesses/startups? What does everyone here...

Finance Business Bookkeeping

asked Aug 4 '11 at 03:26

Edgar Miranda
230 points

I have recently started a startup. I am totally bootstrapping the startup, and so costs are being kept to a minimum. There is no way the company can afford to pay me my normal (or even...

Getting Started Bootstrapped Business Accounting Bookkeeping

asked Aug 9 '11 at 15:45

Voidstar
55 points

I am a recent graduate and soon I am starting my own company in the IT/Tech. Because always all of my studies were mostly technical(computer programming,coding,...) and do not have that much work...

Books Finance Definitions Bookkeeping

asked Jul 22 '11 at 07:04

Hossein
111 points

First, my apoligies if I'm on the wrong board. Please point me to the right site. I have a 1 person S-Corp in California and use Paychex for the payroll. I simply want to enter the data into...

Accounting Bookkeeping Accounting Method Payroll

asked Feb 15 '11 at 02:44

Dave
160 points

I am currently setting up Quickbooks for my manufacturing business. I have tons of historical data to enter. I added all my vendors and I am now at the point of creating my "Chart of Accounts."...

Accounting Bookkeeping

asked Jun 7 '10 at 22:38

Clint
695 points

I created a corporation last fall and made no revenues (or expenses) in 2009. I obtained an EIN from the IRS and they asked me to file form 1120 for 2009. What is the best way to do this? is it...

Incorporation Tax Revenue Bookkeeping

asked Mar 11 '10 at 05:02

Nicolas K.
111 points

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...

Accounting Bookkeeping

asked Feb 25 '10 at 18:51

Steve Wilkinson
2,744 points

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...

Credit Cards Accounting Bookkeeping

asked Jan 29 '10 at 12:01

Joel
126 points

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...

Accounting Bookkeeping

asked Dec 11 '09 at 03:40

Alex Papadimoulis
5,901 points