575 Answered Questions for the topic accounting

Accounting Microsoft Excel Excel

03/28/19

Excel: Computing Regular Deposits for a Specified Future Amount?
I had tried to run some example from my calculator on excel. I cannot get the correct answer of 203.13. Can someone try to pinpoint the error in my formula? You plan to open a savings account and... more
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03/28/19

Average pricing implementation in a POS application?
I am developing a POS (Point of Sale) application which should be able to calculate average price. Here is the deal, i don't know what it is and how it is calculated for consumer products. I just... more
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03/28/19

If 3000 dollars is invested at interest, find the value of the investment...

If 3000 dollars is invested at interest, find the value of the investment at the end of 6 years if interest is compounded a) annually  b) quarterly  c) monthly  d) continuously 
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03/28/19

I figured out the first but am struggling with the second
A roast turkey is taken from an oven when its temperature has reached 190 Fahrenheit and is placed on a table in a room where the temperature is 70 Fahrenheit. (a) If the temperature of the turkey... more
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03/28/19

A bacteria culture initially contains 300 cells
A bacteria culture initially contains 300 cells and grows at a rate proportional to its size. After 4 hours the population has increased to 320. (a) Find an expression for the number of bacteria... more
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03/27/19

Basic bookkeeping account entries for a house purchase and mortgage?
I borrow 200,000 to purchase a house worth 250,000, putting down 50,000 of my own. The borrowing is at 5% over 30 years. What are the basic double-entry bookkeeping entries I must make to record... more
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Accounting Quickbooks

03/27/19

How do I record a customer invoice in Quickbooks?
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03/27/19

How do I enter a 1099 or independent contractor into QuickBooks Online?
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03/26/19

What are the advantages of doing accounting on your personal finances?
What are the advantages of keeping track of your personal finances? Is it only worthwhile if I earn "enough"? Why should I bother?
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03/26/19

Quickbook Balance Sheet showing strange numbers (to me at least)?
I have been using quickbooks for some time (less than a year) and today when I was looking at my balance sheet I noticed something that seems really strange to me. My Total Assets number is... more
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03/26/19

How to journal an expenditure that provided no value?
Let's say I buy a logo on a service like Fiverr for $5.50. The logo doesn't meet my needs, but I'm still obligated to pay the graphic artist for services rendered. If the logo had met my needs,... more
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03/26/19

How can I delete an invoice in QuickBooks online?
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03/26/19

Help in understanding a basic accounting principle?
An entry which increases an asset account is called a debit.' So if my bank account is my asset account, when I debit money, money actually goes out so it is a 'decrease'. But the above statement... more
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03/26/19

How can I open multiple companies in QuickBooks online?
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03/19/19

Divide entire column in excel (accounting) in 2 separate column (symbol + value)?
how to divide excel field with format accounting omitted, for example: $ 220 € 140 $ 220 € 140 $ 220 € 140 $ 220 € 140 etc...etc... So, from one field-column A, to get 2 column A (for accounting... more
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03/19/19

As a small business owner should I have a separate account for payroll?
Note: I'm currently using cash basis accounting. Just recently I've started using QuickBooks Online to keep track of my profit and loss as well as pay my employees. The problem I'm facing is that... more
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03/19/19

How can I convert/migrate my client QuickBooks desktop to QuickBooks online?
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03/19/19

Can dues and subscriptions expenses be deducted 100% to calculate taxable income in an LLC company?
I'm using Quickbooks Online, "Dues & Subscriptions" is one of the expense accounts we have. I would like to know if this expense can be deducted 100% for calculating my taxable income. Our... more
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03/19/19

How do I use the audit trail function on QuickBooks Online?
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03/19/19

How should I account for Social Security contributions?
I'm currently tracking all my finances with GNUCash, and splitting the various paycheck deductions into expenses. It's pretty nice to be able to correctly predict what will be on my W2, and it's... more
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Accounting Quickbooks

03/19/19

How do I enter bills in Quickbooks?
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03/19/19

Why doesn't change in accounts receivable on balance sheet match cash flow statement?
If we take a look at the [balance sheet] for Microsoft, I see `Net Receivables` as `21,485,000 [2014]` and `19,118,000 [2013]` On the [cash flow statement], I see `Changes In Accounts... more
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03/19/19

What are some factors I should consider when choosing between a CPA and tax software?
Its my first time filing taxes on my own and I need to decide between using some tax software like TurboTax or hiring an accountant. What are some factors I should consider when making this... more
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03/19/19

What tax year does my income get assigned to if my client sends the payment in December but I receive it in January?
Suppose I did some contracting in December, my client puts a check in the mail in December, and I receive it and cash it in January. Does my income count for December or January?
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03/19/19

Balance sheets & bad debt accounts?
I have a confusion as to whether bad debt accounts are factored into the accounts receivable of a company's balance sheet? To clarify/illustrate my question, If a company is expecting $3000 in... more
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