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The Bookkeeping Basics Blog is my mini notebook about Bookkeeping. It will provide you with lots of valuable information and do many things for you such as...
- Let you know whenever new web pages appear on Bookkeeping-Basics offering you some new tips and advice
- Keep you up-to-date with other news or postings about Bookkeeping
- Point out some super important bookkeeping basics
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Discover the link between financial security and mental wellness with our free financial wellness guide eBook. Start your journey to peace and prosperity today!
Continue reading "Financial Wellness Guide: Strategies For Balancing Wealth & Well-Being"
The IRS has just extended the tax filing deadline to November 16, 2023, for most California counties. This article covers which types of taxes are impacted and how to take advantage of this extension.
Continue reading "IRS Announces Extended Tax Filing Deadline for California: What You Need to Know"
Received 3 seperate checks for a lawsuit against my previous employer for back wages for overtimre. 1 was for ot wages...1 was a settlement check and 1
I have salaried employee with 4 lakhs taxable income. I have completed paid my income tax through company TDS. Nothing is pending to pay tax. I have profit
Continue reading "income tax on salary + profit on short term shares"
I want to buy a Audi A4 which cost 30 lakh rupees. Is it ok if I give them a cheaque of 30lakhs and pick the car? I have cash saved up
I am trying to prepare my 1099's in Quickbooks and I need to include the value of the prizes/awards that my vendors received. Should I use a journal
I'm an indian working in india. I'm earning about 90000 rs by giving advice to people where to invest in shares and comodities, my fee is below 20000 rs
If a company has several partners, and 1 of the smaller shareholders is running the company (other partners not involved other than contributing money),
How would I enter a $5,000.00 certified cheque which was given as a bid deposit with a tender which our company submitted
Dear sir I want to know that If a person is residing in her own house and showing the office that she is paying rent to his father in law. In that case
Hi there, I am currently studying towards bookkeeping at the basic level. I was wondering what steps the bookkeeper should take if there is a discrepancy
How to compare expenses paid to others yearly to see how much we spend. Example: How much we paid out each year? How to track
Continue reading "AP Yearly Comparsion For Expenses Paid To Others"
How do I record advanced expenses paid for a partner. For example, 1/2 of the rent. The rent expense is entered as a bill and paid but how do I accrue
Our small museum wants to do admission by donation as the bookkeeper I feel that this concept is not a good idea is it feasible? We have always charged
My client collected raffle money during her event for a boat that was donated. Her event also made a contribution, which booked as expense. How do I
Continue reading "Accounting For Raffle Monies Received And Paid Out"
SECTION B ANSWER THE QUESTION IN THIS SECTION (THIS SECTION CARRIES 15 MARKS) QUESTION: The following are the transactions of Wong Ah Meng for the
GST Bookkeeping Questions - Learn about GST (Goods and Services Tax), a value-added tax imposed on the supply of goods and services in many countries.
Continue reading "GST Bookkeeping Questions - Good and Services Tax"
A C Corportion receives a gift of real property. The journal entry would be to debit fixed assets. Would the credit be to revenue or to equity?
Continue reading "Journal Entry to Record Receipt of Gift. "
Can someone help me with the appropriate entries for a gift of stock where the gift is valued to the donor on the day of the gift but the stock is sold
We have a monthly special this month that we are offering to our customers. They get $X.xx off their total invoiced amount (after a certain dollar amount
Continue reading "GIVING CUSTOMERS GIFT CARDS FOR $X.XX IN SALES PURCHASED"
What is the best way to record samples of our inventory that we give away to customers? I've been told I can put this under promotions but I need to keep
When a charitable organization received a Gifts in Kind such as office supplies etc., how is it entered. Do you benefit from the GST on such receipts
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Our Questions and Answers Page is a valuable resource where you can find answers to common bookkeeping queries and seek guidance on specific challenges you may be facing. It serves as a platform for you to interact with our knowledgeable community and tap into a collective pool of expertise.
If you have a burning question about bookkeeping, whether it's related to financial statements, payroll processing, tax obligations, or any other aspect of accounting, our Questions and Answers Page is the perfect place to get reliable answers. Simply submit your question, and our team of experts and fellow bookkeeping enthusiasts will provide helpful insights and practical solutions.
Additionally, browsing through the existing bookkeeping questions and answers on our page can be an educational experience in itself. You may come across topics that you hadn't considered before, and reading the responses from our community can broaden your understanding of various bookkeeping concepts.
We encourage you to actively participate in the Questions and Answers Page by asking questions, sharing your knowledge, and engaging with others. Together, we can create a vibrant and supportive community where everyone can learn, grow, and succeed in their bookkeeping endeavors.
Visit our Questions and Answers Page today and unlock a world of bookkeeping knowledge and insights. Your questions matter, and our community is here to help you navigate the complexities of bookkeeping with confidence.
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