Journal Entries & Accounting Tasks | Forum profile

( If the Item was inventory, it will show up on your balance sheet, not on your Profit and Loss. Reka , class="post_actions inline_edm"> Type of Abuse Abusive behavior   Inaccurate information   Other \(add details below\)   Add Details Report Abuse   )

( Have you considered customizing an invoice template to say Statement?  Lots of professionals use the invoice to bill for services--there's even a professional services template.  The Attorneys I've worked with use Invoices and enter their time throughout the month. No, I don't know how to enter a discount on a statement.  Perhaps you can search in the forum for...

( Hi mtrancher769, There is no preference or anything to do.  QB does it automatically.  Once you enter the amount for the first line item, and tab, the second link item should be filled in accordingly, if there are no other line items to be used. If this helped you, please mark this Solved so Intuit can close this thread. Thank you, mtrancher769. Laura Kaniuk , class="post_actions inline_edm"> Type of Abuse...

( Once again: if the truck is a personally-owned vehicle, it is not a Fixed Asset of the business, it is not listed in the chart of accounts, its value and depreciation are meaningless for purposes of business discussions. That's why I tried to explain about the mileage allowance: it is set to account for ownership, depreciation, repairs, wear & tear, costs of operation, whatever is associated with the...

( Hmmm....a debit card?  This books expenses directly to the P&L \(via the bank rec\), and doesn't make use of mileage rates \($0.55 for 2009\) and M&IE rates \(vary, depending on county/location\). What I've done, then, in a complete reversal of methodology to date is:  1\)  change GL account from "car-related expenses" \(that the owner had the business...

( Classes work for P&L but not Balance Sheet. Classes are easier to run P&L reports & don't need extra accounts in the chart. Hope this helps. If so please mark solved, if not please ask more questions. Thanks! , class="postsignature inline_edm"> Hope this helps. If so please mark solved, if not please ask more questions. Thanks! Ray White http://community.intuit.com/me......

( Have you considered using Quicken for your household accounts? , class="post_actions inline_edm"> Type of Abuse Abusive behavior   Inaccurate information   Other \(add details below\)   Add Details Report Abuse   )

( thank you. you are very clear and knowledgeable. i didn't know the partnership set-up was so involved. i do have the paperwork ready for the business license, dba, seller's permit, and ein - thank you. one thing i am not understanding though... let's say the biz grosses 10k. 4k of that is profit. you are saying the biz has to file its own return, paying tax on the 4k... but then the partners also pay tax on the 4k profit? it...

( You should create a separate company file for your husband's business and a separate file for your household.  You will always want to keep your husband's business activities separate from your household even though he works out of the home. If this helps you, please mark this question as solved or helpful \(click the button under the answer in the lower, right corner\), if this does not answer your question, please...

( Thank you, but I want to email them. , class="post_actions inline_edm"> Type of Abuse Abusive behavior   Inaccurate information   Other \(add details below\)   Add Details Report Abuse   )