Mikeg ✭✭✭
Community stats
- Username Mikeg
- Email;
- Joined
- Visits 3,897
- Last Active
- Roles Member
- Points 385
- Badges
- 15
- Posts
- 995
Reactions
-
Re: Accounting Procedure Help
Yes that would sound right. (View Post)1 -
Re: How to categorize Stripe verification fees
I understand. Use the drop down to categorize the deposit. Choose Refund of Expense (4th option down) then select bank charges. (View Post)1 -
Re: Would you consider Co-working space a Rent Expense?
Cameron, If you are sharing an office space with someone else, then I would classify the payments either to the landlord or your co-habitation partner as rent expense. Mike G, CPA www.mgfinancial.net (View Post)1 -
Re: Record Credit Card Payment and Credit Card Rewards
@ShaunSchan, I have clients that receive rewards in the same way. I usually categorize the reward as a refund of expense to the account in which the majority of charges relate. So for example, if the… (View Post)1 -
Re: Setting up mortgage for Rental Property
@Alireza, I'm assuming you mean a rental property. When you sell and asset, the proceeds are recognized as income (not sales). You would then debit (accumulated depreciation) and credit the asset (bu… (View Post)1
