580 Answered Questions for the topic accounting

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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Expert Answers •1

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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04/02/19

Consider Paypal fees in accounting?
I'm a freelancer. I sent an invoice to my client (using InvoiceBubble.com), which he decided to pay via Paypal. Paypal took a fee. How do I take this fee in consideration for my accounting? I... more
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