Recent Categories
Recent Posts
Post Archive
Catogery Tags
Connect With Us
-
Why You Should Use Undeposited Funds
A note before we start on this topic is that Undeposited Funds is typically only used when your accounting basis is accrual, and you use invoices and Accounts Receivable. It’s also most helpful when you receive check payments and regularly make deposits of multiple checks at a time. I’ve spoken with some business owners who…
-
Expenses Definition
There are several types of expense accounts used by small businesses just to get a transaction out of the bank feed. Miscellaneous Expenses, Other Business Expenses, and Ask My Accountant are some of these catch-all accounts. Some of them might have been built right into your Chart of Accounts when you signed up for Quickbooks…
