The bookkeeping tag has no wiki summary.
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2answers
61 views
Small fee service and bookkeeping
I want to minimise startup costs so by reading many useful posts here I've came to a conclusion that bookkeeping and accountancy are the biggest cost if you are starting small.
My service is going to ...
0
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0answers
8 views
Bookkeeping for a foreign subsidiary (inventory)
I own a US based company that imports clothing from Italy for resale in the US. I recently set up a subsidiary in Japan to sell my products there. What is the best way to account for inventory at the ...
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0answers
40 views
Help with SaaS and bookkeeping
I am going to start a company for a simple online service which should sell digital goods to customers. Since I am new in running business world there are few things I need to learn. I've tried to ask ...
4
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8answers
420 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, ...
8
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5answers
333 views
Do I really need an accountant?
As a new startup, do I really need a part-time accountant or can software like QuickBooks do everything for me?
Perhaps a bookkeeper to input data into the software is all I need?
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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...
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0
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1answer
133 views
Need to suggest client seek legal advice - how do I word this to them?
I am a bookkeeper. In working in my client's files, I have found some discrepancies and I want to let them know about these discrepancies and that I think they should seek some professional advice ...
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1answer
187 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
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2answers
294 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 ...
11
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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, ...
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5answers
460 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 ...
2
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1answer
115 views
Chart of Accounts for Games
I'm currently running a small mobile game startup (about 3 people). We spend a lot of money buying apps from the Apple app store and Google Market to check out what sort of games are out there. What ...
1
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4answers
569 views
The mint.com of small business (Indinero and the like)
I currently use mint.com to keep track of my personal finances and I love it! Is there an equivalent product in regards to quality/execution for small businesses/startups? What does everyone here use ...
5
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3answers
347 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
2answers
152 views
Books necessary for a completely newbie
I am a recent graduate and soon I am starting my own company in the IT/Tech. Because always all of my studies were mostly technical(computer programming,coding,...) and do not have that much work ...
1
vote
1answer
729 views
Accounting for Depreciation in QuickBooks
Can someone point me to some examples of how to handle depreciation in QuickBooks (2009)?
To give an example, I buy a computer for $2000 in 2009. I choose "Equipment" as category. I duly report my ...
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 ...
2
votes
9answers
3k views
IRS taxes with 0 revenue in first year
I created a corporation last fall and made no revenues (or expenses) in 2009. I obtained an EIN from the IRS and they asked me to file form 1120 for 2009.
What is the best way to do this? is it ...
3
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4answers
870 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 ...
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 ...
3
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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 ...
2
votes
1answer
203 views
Can anyone recommend an inexpensive on-line service for expense tracking?
In my last job, we used an on-line tool called webexpenses to capture and process personal business expenses. I get the impression it is targeted at medium to larger firms & I wasn't a huge fan, ...
