Collection Agency Bookkeeping Entries Question

(Utica, NY )

Our office uses "The Therapist" software by Beaver Creek for our accounting.

When we receive a payment from the collection agency, it is entered into our accounts receivable.

My question is, how do we enter the payment on the patient's account? It seems to me it should also be reflected on the individual patient's account, or isn't that necessary?

Entering a Shareholder Expense Report.

by Marina
(Calgary, Alberta, Canada)

I am getting very flustered because I am over thinking this. If you could help me I would appreciate it very much.

My boss (shareholder) recently started a company and has to submit his expense report in order to be reimbursed from the company. Now the three accounts I think I will be using are

1) Expense account
2) Loan from Shareholder (Liability)
3) GST Paid on purchase

(If I need an extra account please advise)

so I am confused which account would be a debit and which would be a credit. Also for his expense report which he has submitted would I even enter GST Paid on purchases or leave it off?

I thought it should be
1) Expense -Debit
2) Loan from Shareholder-Credit
3) GST Paid - Debit

I hope you can help me as soon as possible thank you.

Entering Bounced Cheque

How to enter a bounced cheque in manual bookkeeping

Entering Dates for General Journal Entries

by Deedi
(Berkeley CA)

I work with a non-profit and have a disagreement with the Treasurer. She wants me to enter the date I actually make the GJE (interest income, pay pal transactions) I say I enter the date according to the bank statement (interest income dated to the bank statement) so that when I reconcile I can actually reconcile. She says I should 'manipulate' the statement date in the reconciliation window. I say this is wrong and sloppy. My job is on the line because of this disagreement. I need to prove my point. Help.

Entering Year End WIP

Could you tell me what the corresponding entry would be when I am entering my Work in Progress on the balance sheet?

Entries Required to Correct Deposit Error

by Rick
(Kelowna, BC, Cda)

We deposited and our bank cleared a cheque written to another company. I have written a check to that other company. I know I need to credit my bank account, but what accout do I debit?

You will need to debit the same account that you credited when you received the cheque which would likely have been your income account.

Recording Service Entries

by Alan
(Richmond, VA)

I am setting up my one-man web design company using an open source, double entry accounting program. Since I "sell" intangible items like website development or labor charged to provide some programming, how would I record these intangible items? It would seem awkward to provide labor hours as an inventory item. How would these hours be added to inventory, and from where?

Thanks in advance for your advice.

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