Mikeg ✭✭✭
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- Username Mikeg
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Re: CA 7% Franchise Tax Withholding - How to handle invoice payments?
desertrat75, The way Wave would normally post an invoice is Debit Accounts Receivable and Credit Sales. When the payment comes in it would be Debit Cash, Credit Accounts Receivable. If you are having… (View Post)-1 -
Re: Business Expenses using Personal accounts (NOT to be reimbursed)
Business owner contributions. If you need help with taxes, I work remotely throughout the US. (View Post)0 -
Re: Business Expenses using Personal accounts (NOT to be reimbursed)
Curtis, You would do a journal entry to debit the expenses (type of expense paid) and credit owners equity. Mike G, CPA (View Post)1
