Mikeg ✭✭✭
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- Username Mikeg
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Re: credit card bookkeeping
@dontworryaboutit, You can, however, I would recommend a credit card dedicated to business and paid for with business funds. (View Post)1 -
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: Record Loan Repayments
Dawood, Were the loan proceeds deposited in the business checking that is in Wave? If so, then you would categorize the deposit to the liability. If the loan was given directly to you and spent on bu… (View Post)1 -
Re: Transfers duplicating
@jdod, Before categorizing a transfer, both items need to be there ie. the disbursement from one account and the "payment received" (deposit) in the second account. Once you have establishe… (View Post)1 -
Re: Expense classification
@LarryZdanis, Keep in mind that accounting and taxes are 2 separate animals and have 2 different goals. Wave (and other like programs) is designed as an accounting platform. Accounting is used for th… (View Post)1
