Tagged Questions

4
votes
8answers
435 views

how should I start bookkeeping for my tiny company?

I started a little software company as a sole proprietorship and I'm generating income from an app in the Mac App Store. I have made a few business related purchases (software, web hosting, ...
0
votes
1answer
190 views

When to recognize an expense?

What is the recommended practice to recognize an expense using any computerized accounting system and base on the accrual method of accounting? Should the expense be recognized when a Purchase Order ...
1
vote
2answers
296 views

Bookkeeping practices for a website using electronic payments (e.g. Paypal)

I am in the process of setting up an accounting "system" (well set of procedures etc). For most businesses, the books of original entry include: Sales Day Book Sales Return Day Book As I ...
5
votes
3answers
350 views

How to record monies owed to me by my new startup? (bookkeeping question)

I have recently started a startup. I am totally bootstrapping the startup, and so costs are being kept to a minimum. There is no way the company can afford to pay me my normal (or even 'discounted') ...
2
votes
3answers
4k views

Examples of Manually Entering Payroll in QuickBooks for 1 person S-Corp

First, my apoligies if I'm on the wrong board. Please point me to the right site. I have a 1 person S-Corp in California and use Paychex for the payroll. I simply want to enter the data into ...
3
votes
4answers
871 views

How to organize source documents and other documents required to run a business

I feel a bit embarassed asking this question - since it sounds like a kind of "how do I draw a circle?" type of question - i.e. at first blush, almost asinine. BUT, this is a real problem I have, in ...
6
votes
5answers
461 views

Building an Effective “Chart of Accounts”

I am currently setting up Quickbooks for my manufacturing business. I have tons of historical data to enter. I added all my vendors and I am now at the point of creating my "Chart of Accounts." After ...
11
votes
9answers
2k views

What accounting software do most software startups use?

I'm interested in learning how a software startup selects their accounting software, their chart of accounts, and when does it make sense to hire part-time bookkeeper, full-time bookkeeper, ...
3
votes
5answers
2k views

What set of expenditure categories would you recommend for your bookkeeping?

Boring subject, I know, but... I am looking to set up my company's accounts shortly and would appreciate some guidance from more established business operators. I don't know if there is any standard ...
5
votes
3answers
306 views

Accounting for personal credit card

I have a personal credit card that I use for both personal and business purchases. Ideally, I would have a separate credit card for each. Until that is sorted out, how does my business spending on my ...
0
votes
5answers
751 views

How to find and use a good bookkeeping service?

For 2010, I think it's finally time to get a bookkeeper. We're doing it in-house now, which means that it's always behind schedule and not as accurate as I'd like. In an ideal world, we'd like to... ...