-1
votes
0answers
19 views

How to calculate cash collections from clients when not write offs or recoveries? [closed]

Let's say there are no write off or recoveries for the year. So I don't get why we have a bad debt expense recorded. Are we supposed to calculate Allowance for bad debt percentage using bad debt ...
0
votes
2answers
265 views

Expensive agenda book/organizer. Office expense or fixed asset?

I am unsure how to book an agenda book/organizer that was purchased for our business. Normally I book office/organizational expenses (notebooks, printer ink, etc.) as "Office Expenses" but the cost ...
2
votes
1answer
2k views

How to record expense sheet as journal entries in Quickbooks Online?

Let's say I own a business and I make 3 business-related purchases on my personal credit card in August. Given the following example expense report: 08/01/2011 - $20 - Web Hosting 08/05/2011 - $130 ...
3
votes
2answers
745 views

How to transfer personal auto lease to business auto lease?

What is involved in transferring a personal auto lease to a business auto lease? We have a car for our business that was leased prior to establishing our LLC, therefore it is under our names, ...
1
vote
1answer
359 views

How to represent “out of pocket” purchases in general ledger journal entry?

If you use personal money to pay for expenses (advertising, equipmemt), how do you represent this in a journal entry? Normally, if the money was coming from the business, you would just decrease the ...
5
votes
2answers
187 views

Where do expense ratios show up on my statement?

This answer describes the lowered expense ratios of Vanguard admiral shares compared to Vanguard investor-class shares. How do I tell from my statements that I am saving money through the lowered ...