575 Answered Questions for the topic accounting

03/19/19

What are the system requirements for Quickbooks Online?

Accounting Quickbooks

03/19/19

How do you set up products and services in Quickbooks?

03/19/19

Debit/Credit confusion?

For an asset account, I've learned that debit increases the balance. This makes perfect sense. So that it's straightforward to calculate net worth, it would make sense that when I buy something on... more

03/19/19

How does QuickBooks Online track inventory?

03/19/19

Assigning transactions to projects in Ledger?

I find I really want to add an additional, orthogonal layer to the account hierarchy. Quicken and Quickbooks lets you do this, but I'm not sure what the best way is in Ledger. I wish I could do... more

03/19/19

Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200?

I am confused about calculating Massachusetts Sales Tax (6.25%). Is there such an amount, that when added to its sales tax, equals $200? The reason I ask is because my business has been charging... more

How important is reconciling accounts for a small LLC (Quickbooks)?

We are in our first year of starting a small LLC. We are using Quickbooks Online and things are going well. The only exception is that, due to our lines of credit and bank accounts being personal... more
Accounting Quickbooks

03/19/19

What does Quickbooks do for you?

03/19/19

VBA number formatting?

I am writing a macro package to format numbers in accounting format so that I don't have to click "alt - h - fm" every time I want to make a number accounting format (which my job requires). I have... more

03/19/19

How do I enter a timesheet into QuickBooks Online?

Accounting Tax Accounting Taxes

03/18/19

What does "write-off" mean?

I've heard this term throughout my life but I've never been entirely sure exactly what it means or why you would want to write something off.

03/18/19

How can I set contents of a spreadsheet cell to Accounting format with EPPlus?

I need to set the contents of certain columns to Accounting format. This attempt: public static readonly string NUMBER_FORMAT_ACCOUNTING = "$"; . . . bidPriceCell.Style.Numberformat.Format... more

03/18/19

What technology should I use to create a distributed Accounting Software?

Here are my current options. 1. .Net : Using WPF, Visual C#, SQLServer 2. Java : Using Spring, Hibernate, Enterprise DB, web-based Can you suggest which one is better?, especially with regards... more

03/18/19

U.S. Taxes: Can you deduct or depreciate equipment that was both bought and sold in the same year?

Assume there is equipment used for a for profit endeavor that will be deducted from earnings. That equipment is also sold in the same year, for less than or equal to the purchase price. How does... more

How to record expense sheet as journal entries in Quickbooks Online?

Let's say I own a business and I make 3 business-related purchases on my personal credit card in August. Given the following example expense report: - 08/01/2011 - $20 - Web Hosting - 08/05/2011 -... more

Calculating the total capital of a company?

I was wondering how do we calculate the total capital of a company? Which items should I look for in the financial statements? And how do I calculate notes payable? Is the same as accounts payable?

03/18/19

How do I find a deposit in QuickBooks online?

03/18/19

Are in-kind donations from my S-Corp tax-deductible in any way?

I have an S Corp that each year, sponsors a film festival by creating their website for free. In return, they print our logo in their program guide. Last year, I gave them 80 hours of work ... more
Accounting Quickbooks

03/18/19

How do I manage my Customer List in Quickbooks?

How to represent "out of pocket" purchases in general ledger journal entry?

If you use personal money to pay for expenses (advertising, equipmemt), how do you represent this in a journal entry? Normally, if the money was coming from the business, you would just decrease... more
Accounting Microsoft Excel Excel

03/15/19

Excel - Formula is guessing wrong in Fill Down command?

I know this should be simple but I can't work it out. I have a column that is calculated with the sum of the 3 columns to the left of it. E.g. SUM(C1-C3). When I fill that down, each cell... more

Account that is debited and account that is credited?

As a non-English-native person, I somehow find it difficult to understand the following: When an account is said to be debited, what does this mean? How does this differ from an account that is... more

03/14/19

Use records as keys to populate data in Excel?

I have two sheets in Excel. One with record ID and the other with record ID and numerical value. However, the records are not (and will never be) in the same order. How can I tell excel "Match the... more

Is there a difference between managerial accounting and financial accounting?

In many universities and schools, there is both a Managerial Accounting and a Financial Accounting course. From what I can gather, Financial Accounting covers accounting from an perspective of an... more

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