585 Answered Questions for the topic accounting

04/20/19

GNUCash: How to count up equity?
I'm new to getting my finances in order, and I've decided to use GNUCash to track my spending and general financial health. I'm reading the manual and trying to take control! My trouble and... more
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04/20/19

How do I enter Expenses in QuickBooks Online?
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04/20/19

How do I link bank accounts in QuickBooks Online?
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04/19/19

Can I use both FIFO and Specific ID for inventory accounting?
This is something I started thinking about when I was working at a bike shop. I imagine there may be other similar use cases. So, let's say I have an inventory stream that consists of both... more
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04/19/19

Calculating assets-to-equity from equity-to-assets?
I've read that to calculate **equity**-to-**assets** using **assets**-to-**equity** the following can be done: assets-to-equity = 40% equity-to-assets = 1/0.4 = 2.5 Why does that work out?
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04/19/19

How do you enter in long term liability loan into QuickBooks Online that has a compounding interest rate and a maturity date?
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04/19/19

Why only stockholder equity in the well-known accounting equation?
Assets = liabilities + stockholders' equity. Isn't this an oversimplification? The (traded) company may have raised money through stock, but maybe it also issued bonds, has profit this year,... more
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04/16/19

How to record transactions for money flowing into an acounting system?
I've been reading about accounting patterns described by Martin Fowler in his book "Analysis Patterns - Reusable Object Models". I understood the basic concepts: account, entry, transaction, etc;... more
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04/15/19

Timecard issues?
I am trying to setup time cards for projects and am running into a problem. I want the employee to enter their time, submit their time card, the supervisor to approve the time card and then... more
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04/15/19

When starting a small business, how does one properly record "seed inventory"?
Let's assume someone wanted to start a small, simple business. They go through all of the paperwork to get an LLC, they set up a business checking account and they are ready to go. Such an... more
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04/14/19

How can I change the date format in QuickBooks online?
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04/13/19

Verification of student loan amounts?
I consolidated my student loan debt with FedLoan a year or two after graduation. Is there an easy way to verify that my current balances are accurate? Is this something an accountant would handle,... more
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04/13/19

Online accounting with Stripe/PayPal transactions?
I have a small solo business where I sell services on a website. I probably have about 100 small transactions per month and people pay me with PayPal or Stripe. I have been doing accounting in an... more
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04/12/19

Deducting interest on a loan to repair a rental property?
I own and rent out an apartment in a building that needs extensive repairs. The body corporate has broken the levy for the repairs into six payments. For the first three payments, last tax year,... more
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04/12/19

How do I import transactions from Excel into QuickBooks Online?
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04/11/19

How can I sync a PayPal account with QuickBooks online?
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04/10/19

Operating cashflow
The new drug is expected to be a block-buster, which will help to increase the company’s marketshare and the sales are expected to be $18 million in the first year. The sales revenue generated from... more
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Accounting Quickbooks

04/10/19

What is Quickbooks and how do you use it?
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04/06/19

Accounting: Should a fee on an amount payable be applied in AR or AP account?
An application I'm building has a simplistic double-entry accounting component to it to keep track of funds passed owed to various parties. I'm unclear on how certain entries should be applied.... more
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04/04/19

In double entry accounting, how do I enter a loan?
I have taken an accounting course several years ago, but I'm a little rusty. I'm using GnuCash, double entry accounting software. I have a loan from a friend, so no interest. I have paid about... more
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04/04/19

Does total US public debt include state debt?
When I see total US public debt, I wonder whether state debt is included. If "total US public debt" used differently for different cases, I will restrict my case to the usage in national... more
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04/04/19

How can I refund customer in QuickBooks Online?
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04/04/19

In double-entry book keeping, how should I track planned expenses?
So, I'm working on getting a bit better at managing my household finances and am currently working to learn double-entry bookkeeping. One thing I need to separate out and track a little better is... more
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Accounting Quickbooks

04/04/19

How do I create an estimate in Quickbooks?
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04/03/19

What forces cause a company to write down goodwill?
Consider TimeWarner: In 2002, $128Billion of its $209Billion in assets was Goodwill. What forced them to write down this goodwill to $37billion a few years later?
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