Mikeg ✭✭✭
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- Username Mikeg
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Re: Help! What do I do with all the personal transactions? (It's a personal bank account linked)
@ElizabethH, The first thing I would suggest is to disconnect your personal account from the business. Next go to the transactions page and delete everything so that you are starting with a clean sla… (View Post)1 -
Re: job income vs sales
@HeidiwaHammer, Your welcome. For purposes of a tax return, that would not matter. Both categories would be presented as sales. However, they should be tracked separately due to sales tax implication… (View Post)1 -
Re: Setting up Equity category for partnership + handling expenses before biz account
Megan, I'm on the East coast and checkin out for the evening. I will answer any other questions you may have in the AM. Have a good evening. Mike G, CPA (View Post)1 -
Re: manual transaction entry
Yes, But you should record on the business though, as I described above via journal transaction. (View Post)1 -
Re: How to create a transfer between two accounts (e.g. categorize a credit card payment)
@macrofitdenise, That is because every transaction from a financial account, presented on the balance sheet (i.e one side of double entry) defaults to the income statement (other side of double entry… (View Post)2
