575 Answered Questions for the topic accounting

05/14/19

How to teach personal accounting to an 8-year-old?

I try to teach my 8 year old daughter the basics of finance. She has some her own money (partly in a wallet, partly in a piggy-bank). Some time ago, she threw a short tantrum about "someone... more

05/13/19

Comprehensive tutorial on double-entry personal finance?

Can anyone recommend a comprehensive tutorial on using double-entry accounting to manage personal finances? I've read a few articles that make double-entry seem worth learning, but I'm struggling... more

05/13/19

How do I backup QuickBooks online?

05/13/19

Assets, Liabilities, Equity?

I am writing a business plan based on some old notes from a master in economics. However I am I bit confused. Can you please confirm the following is right? (above all what's **marked in... more

What would be the appropriate account for written off loans to friends and family?

In the past I have lent some money to friends and family, which I have not gotten back. I don't want to ask them for the cash, but I do want to clean up my accounts. How would I record this in my... more

05/12/19

How to divide up utilities amongst tenants?

Let's say I have two tenants who share my apartment with me. It is agreed that utilities shall be divided equally amongst us. However, one tenant has, as part of his lease, a stipulation that all... more

What's an account called that always balances to 0?

I use a pretty standard double-entry system in GnuCash (Income/Expenses, Assets/Liabilities). With my wife going back to school this fall, I did something in my accounting that I haven't done... more
Accounting Business

05/09/19

How to Find the Maturity Value?

Sneakers Snack Shop signed a $30,000, 90 day, 8% interest-bearing note on August 1, 2009. Using a 360-day year, what is the maturity value of the note?

05/09/19

impact of accounting education towards business sustainability

I want to know what are the impact

05/09/19

Classify each of the following account types by selecting options 1 through 5.

Classify each of the following account types by selecting options 1 through 5. ____ Brandon Jones, Capital____ Mortgage ____ Office Building____ Notes Payable____ Unearned Revenue____ Supplies____... more
Accounting Algebra 1

05/08/19

How to calculate from units sold at the different price bought

if i bought 650 unit at $7 and sold 520 units at $10.15 what is the cost of sold goods

05/07/19

Accounting treatment for store credit?

I just got store credit when I returned some bad juice. This left me wondering. Which accounts receive the entries when a store issues store credit? For example, when I made the payment for the... more

05/07/19

How can I enter a bank deposit in QuickBooks Online?

Accounting Quickbooks

05/06/19

How do I set up my 1099 in Quickbooks?

05/06/19

How do I add vendors in QuickBooks Online?

05/06/19

Accounting treatment for small bank verification deposits?

How do I record small deposits (e.g. $0.05, $0.07) as a result of bank verification for purposes of accounting? As income? Negative expenses?
Accounting Quickbooks

05/05/19

How do I enter donations in Quickbooks Nonprofit?

Accounting Quickbooks

05/05/19

How do I create a Credit Memo in Quickbooks?

05/03/19

How do you pay employees through Quickbooks Online?

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