Mikeg ✭✭✭
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- Username Mikeg
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Re: Accounting For Expired Goods
@Steveal3aneef, You would do journal entry to remove obsolete inventory. Debit Purchases and credit Inventory for the cost of the obsolete inventory. (View Post)3 -
Re: wave setup - some questions, need help
@ADDS, 1. Go to reports and scroll down to General Ledger. Export to pdf or excel 2. Same as above (for all) or for a specific account go to Reports and Account Balances 3. If both credit card and ch… (View Post)1 -
Re: Multiple Owners
@franco3x, In the Equity section of the Chart of Accounts your would create an Owner Contirbution/Drawing for each partner. For example - Owner Contribution/Drawing - Franco. Hope that helps (View Post)1 -
Re: Car Rental Accounting
@KARANPT, Wave would be fine for your line of business. However, when you purchase an asset partially funded with cash and debt, you will need to create a journal entry to post the loan. So for examp… (View Post)1 -
Re: Categorizing Prepaids
To post revenue that is deferred to the next period, you would create a short term liability "Deferred Revenue". So the deposit shown in green on the transaction journal would be coded to D… (View Post)2
