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2
votes
1answer
322 views

How to enter members drawings on a balance sheet in a UK LLP

I am writing up the annual accounts for our LLP, and I am unsure where to put the Members drawings on the balance sheet. Should the amount drawn by members be written down as debtors in the Current ...
1
vote
0answers
42 views

Best software to import finances [duplicate]

Possible Duplicate: What are the best software tools for personal finance? I'm looking for a tool to manage my personal finances with. I've got various loans, credit cards, a few ...
3
votes
1answer
72 views

Is it possible to place money in an account where I can authorize people to view the balance?

I'm entering a software contest in which the winner will be awarded a sum of money. However, part of the qualifications for winning is that the winner can demonstrate the ability to be able to afford ...
0
votes
1answer
176 views

Sales taxed amount in Accounts Receivable?

When I enter a new invoice for a client, for example $1062.50 ($1000 + MA sales tax) do BOTH Accounts Receivable AND Sales Tax Payable go up by the following? Accounts Receivable +1062.50 Sales Tax ...
8
votes
4answers
137 views

Other than being able to borrow to invest, how is a margin trading account different from a cash account?

Other than being able to borrow against one's portfolio value to purchase additional investments, how is a typical brokerage margin trading account different from a typical cash trading account? ...
11
votes
2answers
7k views

“Savings” account vs. “current” account - what's the difference?

When I draw money from ATMs or open a new bank account, there's the choice of either "savings" or "current" account. What's the difference between these two account types?
3
votes
1answer
1k views

Money owed to credit cards called “positive balances” or “negative balances”?

Q1) If my Visa credit card has a zero balance and then I charge something on the Visa, do I now have a "positive balance" or a "negative balance"? Q2) Same question for a utility account like a ...
7
votes
2answers
704 views

How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike?

How are 401(k), 403(b), and 457(b) tax-deferred retirement plans different? How are they alike?
9
votes
8answers
292 views

How many credit cards is it reasonable to have?

Is there a right number of credit cards to hold? (Please don't say zero :) What would be the excessive number of credit cards, or how else would you judge enough is enough? If I have some cards I do ...
7
votes
3answers
269 views

Should I keep most of my banking, credit, and investment accounts at the same bank?

I have two bank accounts (checking and saving), some credit cards (3), a mortgage, an investment account, and an individual retirement account. Right now all of those accounts except two of the credit ...