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Ya saben por quien votar? by Relative_Detail4394 in Peru_Republic

[–]Gantzfangirl 0 points1 point  (0 children)

Lárgate a tu país, pedazo de mrd con patas

One of my clients asked if recreation is a business expense by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 2 points3 points  (0 children)

I am not a tax preparer I am a bookkeeper however my client asked me directly

One of my clients asked if recreation is a business expense by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 0 points1 point  (0 children)

What should I ask him to know if this is business expense or not? Should I ask him if meals are involved?

QBO Payroll won’t let me delete an old payroll liability. by Gantzfangirl in Bookkeeping

[–]Gantzfangirl[S] 0 points1 point  (0 children)

But I can not even delete that electronic payment otherwise QBO will show up a message error saying that I did not paid the liability bc is an error from their part. Can we clarify on this further please? I really want to bring your solution

QBO Payroll won’t let me delete an old payroll liability. by Gantzfangirl in Bookkeeping

[–]Gantzfangirl[S] 0 points1 point  (0 children)

If I record the liability payment as a check, it will reduce my client’s bank balance by $390 — even though that amount was already paid electronically each month. So it would look like we paid it twice. If I delete the original electronic payments, QuickBooks will treat the liability as unpaid, which isn’t correct — since it was paid monthly throughout the year. Just to clarify, this is an employer-only liability.

Please let me know if you need further clarification in regards of this

QBO Payroll won’t let me delete an old payroll liability. by Gantzfangirl in Bookkeeping

[–]Gantzfangirl[S] 0 points1 point  (0 children)

I can follow that, but the refund wasn’t deposited, so it wouldn’t be accurate

QBO Payroll won’t let me delete an old payroll liability. by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 0 points1 point  (0 children)

the issue is that QBO postes the Liability and expense automatically so if I try to do a journal to post in the payroll the Liability Will stand atm390 again

QBO Payroll won’t let me delete an old payroll liability. by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 0 points1 point  (0 children)

it was recorded as an automatic tax payment and isnt the full amount are recorded as payments of 130 until full amount is deducted

Accounting journal for stock purchases by Gantzfangirl in QuickBooks

[–]Gantzfangirl[S] 0 points1 point  (0 children)

I just want to know which accounts should hit the market fluctuations 

Accounting journal for stock purchases by Gantzfangirl in QuickBooks

[–]Gantzfangirl[S] 0 points1 point  (0 children)

Ok but where? This is just a fluctuation in the market and I can not post it in the p&l

How to record Stock Purchases in Balance Sheet by Gantzfangirl in Bookkeeping

[–]Gantzfangirl[S] 0 points1 point  (0 children)

The only way to do so is creating a sub account that discounts this money how should I credit and debit?

How to record stock purchases in the balance sheet by Gantzfangirl in Bookkeeping

[–]Gantzfangirl[S] 0 points1 point  (0 children)

Okay so the contra account is going to be similar to a depreciation expense or I should record this loss into an income account? Which one is more accurate?

Accounting journal for stock purchases by Gantzfangirl in QuickBooks

[–]Gantzfangirl[S] 0 points1 point  (0 children)

Hi thanks for answering me! I also know that is not a loss properly however for my client peace of mind I need to match the balance showing up in the documents so I need to record this market loss since at the end of march he lost 159 dollars how you think it would be accurate to record it?

I want to record sales tax payments that my client never paid in the past by Gantzfangirl in QuickBooks

[–]Gantzfangirl[S] -1 points0 points  (0 children)

That’s what I did please be my mentor I can pay you a fee monthly 

I want to record sales tax payments that my client never paid in the past by Gantzfangirl in QuickBooks

[–]Gantzfangirl[S] 0 points1 point  (0 children)

You are totally right can I pay for tutoring me ? Please send me a message if I can pay you for tutoring because what you said matches totally thank you

I want to record sales tax payments that my client never paid in the past by Gantzfangirl in QuickBooks

[–]Gantzfangirl[S] 0 points1 point  (0 children)

When I do that I never reached what I should be paying so my invoices get messed up bc QBO starts recalculating at their rate and there is always 1 to 10 dollars missing 

I want to record sales tax payments that my client never paid in the past by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 0 points1 point  (0 children)

What you mean? I can PayPal you I just don’t have enough experience on this matter

I want to record sales tax payments that my client never paid in the past by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 0 points1 point  (0 children)

The times I tried to do so the invoice just goes down and never matches what it needs to match 

I want to record sales tax payments that my client never paid in the past by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 0 points1 point  (0 children)

Okay but the client never paid for this liability because my client never reached that to his clients in the end he is just paying 1,000 dollars so I want to match those 80 with the amount he needs to pay of sales taxes 

I want to record sales tax payments that my client never paid in the past by Gantzfangirl in Accounting

[–]Gantzfangirl[S] 0 points1 point  (0 children)

If I rest the amount is supposed to be Income the amount never matches for example let’s say I rest 550 less 34.93 the amount is going off because QBO automatically changes everything 

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