Bookkeeping Blog

Bookkeeping Basics Shared Online Journal

Welcome to Bookkeeping Blog, Bookkeeping Basics Shared Online Journal. Your mini notebook about bookkeeping! 

This journal is designed to provide you with a wealth of valuable information and serve as your go-to resource for all things related to bookkeeping

Bookkeeping Blog

Here's what you can expect from our journal:

  • Stay Updated: We will notify you whenever new web pages are added to Bookkeeping-Basics, ensuring that you never miss out on valuable tips, advice, and insights. By subscribing to our journal, you'll be the first to know about new content that can help you improve your bookkeeping skills and knowledge.
  • News and Postings: Our journal will keep you up to date with the latest news, trends, and developments in the field of bookkeeping. Whether it's changes in accounting regulations, updates on bookkeeping software solutions, or industry best practices, we'll deliver relevant information right to your virtual doorstep. Stay informed and stay ahead with our timely updates.
  • Essential Bookkeeping Basics: We understand the importance of laying a strong foundation in bookkeeping fundamentals. Our journal will regularly feature articles and posts that highlight the key bookkeeping basics you need to know. From understanding financial statements to mastering double-entry accounting, we'll provide you with clear explanations and practical examples to enhance your understanding.

To subscribe to the Bookkeeping Basics Online Journal, there's no need to provide your email address. Simply click on the orange RSS button located below, and you'll be directed to the subscribe link. By subscribing, you'll be able to receive updates and access The Bookkeeping Blog feed through your preferred blog reader or Internet Explorer.

Subscribing to our journal offers several benefits. Firstly, it saves you time by bringing valuable bookkeeping information directly to you. Instead of visiting the website regularly to check for updates, you'll receive notifications whenever new content is published. This convenience ensures that you never miss out on valuable insights that can enhance your bookkeeping skills.

Secondly, our journal provides a curated collection of information that is relevant and specific to accounting. With so much information available online, it can be overwhelming to find reliable sources. By subscribing to our journal, you can trust that the content is carefully curated and tailored to meet your bookkeeping needs.

Lastly, our journal fosters a sense of community among bookkeeping enthusiasts. By subscribing, you become part of a community of like-minded individuals who share a passion for bookkeeping questions and answers. You can engage with other subscribers, share insights, and learn from one another's experiences, creating a supportive environment for growth and learning.

The Bookkeeping Basics Online Journal is your companion in your business journey. It provides you with a convenient way to stay updated, learn essential concepts, and connect with a community of financial enthusiasts. Subscribe today and unlock a world of valuable information that will empower you to excel in bookkeeping.

Bookkeeping Basics Blog

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

To subscribe to Bookkeeping Basics Blog (no e-mail address necessary), click on the orange RSS button directly below and then follow the subscribe link. You will then be able to get updates and read The Bookkeeping Blog feed from your Internet Explorer or other blog reader.

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Nov 19, 2023

Financial Wellness Guide: Strategies For Balancing Wealth & Well-Being

Financial Wellness Guide

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"

Oct 16, 2023

IRS Announces Extended Tax Filing Deadline for California: What You Need to Know

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"

Oct 13, 2023


Who and who cannot file for a child

Continue reading "Taxes"

Oct 13, 2023

Taxable Income

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

Continue reading "Taxable Income"

Oct 13, 2023

income tax on salary + profit on short term shares

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"

Oct 13, 2023

Tax Problem

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

Continue reading "Tax Problem"

Oct 13, 2023

Reporting Prize Incentive Earnings

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

Continue reading "Reporting Prize Incentive Earnings"

Oct 13, 2023

Related To Service Tax

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

Continue reading "Related To Service Tax"

Oct 13, 2023

HST and Mileage

Can you claim HST on mileage expense

Continue reading "HST and Mileage"

Oct 13, 2023

Bookkeepers Liability To Disclose

If a company has several partners, and 1 of the smaller shareholders is running the company (other partners not involved other than contributing money),

Continue reading "Bookkeepers Liability To Disclose"

Oct 13, 2023

Bid Deposit

How would I enter a $5,000.00 certified cheque which was given as a bid deposit with a tender which our company submitted

Continue reading "Bid Deposit"

Oct 13, 2023

Income Tax Exemption

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

Continue reading "Income Tax Exemption"

Oct 13, 2023

Approving Invoices

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

Continue reading "Approving Invoices"

Oct 13, 2023

AP Yearly Comparsion For Expenses Paid To Others

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"

Oct 13, 2023

Advanced Expenses

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

Continue reading "Advanced Expenses"

Oct 12, 2023

Admission by Donation

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

Continue reading "Admission by Donation"

Oct 12, 2023

Accounting For Raffle Monies Received And Paid Out

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"

Oct 12, 2023


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

Continue reading "Accounting"

Oct 12, 2023

GST Bookkeeping Questions - Good and Services Tax


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"

Oct 12, 2023

Journal Entry to Record Receipt of Gift.

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. "

Oct 12, 2023

Accounting For Stock 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

Continue reading "Accounting For Stock Gift"

Oct 12, 2023


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


Oct 12, 2023

Giving Away Samples of our Product

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

Continue reading "Giving Away Samples of our Product"

Oct 12, 2023

Gifts in Kind

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

Continue reading "Gifts in Kind"

Oct 12, 2023

Gifting Sale Price of Stock

We are an S-corp. Have an employee buying 5% for 100K. We will loan the money. In addition we are gifting the employee $25,000 and will loan the balance

Continue reading "Gifting Sale Price of Stock"

Bookkeeping Blog Donations

We greatly appreciate your interest in supporting the Bookkeeping Basics Online Journal and our mission to provide valuable information and resources to our readers. Your contribution can help us continue to deliver high-quality content and expand our offerings.

If you find our blog helpful and would like to make donations, we have set up a secure donation platform to facilitate the process. Your donation, no matter the amount, will go directly towards the maintenance and improvement of our blog, allowing us to bring you even more valuable insights, tips, and resources on bookkeeping.

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We would like to express our heartfelt gratitude for your support. Your generosity will make a significant impact on our ability to continue delivering valuable content to our readers and furthering our mission of promoting bookkeeping knowledge and understanding.

Thank you for being a part of the Bookkeeping Basics community, and thank you in advance for considering a donation. Your support means the world to us, and we are truly grateful for your contribution.

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Bookkeeping Questions and Answers

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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