Recent content by Joojo

  1. Joojo

    Shares of No Par Value???

    Thanks very much.So simply put this company would have no stated value on it shares
  2. Joojo

    Shares of No Par Value???

    What does it really mean when it's stated that: "The Company is to be registered with 1,000,000 Shares of no par Value" thanks
  3. Joojo

    Chart of Account-Small Courier Service Business

    Hello! I'm looking for a little help with chart of accounts for a small courier service company. Is there anyone who has a sample chart of accounts for a small courier service business and is willing to share it? Thanks
  4. Joojo

    Fuel Costs Vs Vehicle-Fuel

    Would it be appropriate to have two accounts like these: 1.Fuel Costs ( Coming Under Cost of Sales) and 2.Vehicle Fuel(Operating Expense-Fuels used in car for general operating purposes)
  5. Joojo

    Depreciation Journal Entry-Annual or Monthly??

    Hello I know that the "Depreciation" Journal Entry is normally done at closing once in a year hence the name"annual depreciation" Could we pass a general entry for depreciation at the end of 1 month? Meaning are we allowed to spread depreciation over 12 months? Thanks
  6. Joojo

    Accumulated Depreciation-Opening Balance at commencement date

    Is it appropriate to include an opening balance for accumulated depreciation at the official commencement date of a small business? Eg. A business begins actual operations on 1 January 2016 before then it is in it formation stage. I know you can't depreciate fixed assets before the official...
  7. Joojo

    Wanted:QuickBooks Premier 2013(Trial Version)

    Can anyone advise me how best I can secure a TRIAL VERSION(for practice) of QuickBooks Premier 2013 meant for preferably the US market(it could be for others too) Any links(urls)?
  8. Joojo

    HOSTEL ACCOMODATION-Allowable Business Expense?

    I have this question concerning this DJ business(sole proprietorship) HOSTEL ACCOMMODATION: This sole proprietor ordinarily lives in Town A but has to travel to Town B weekly to take charge of business(play at parties and other such functions) and when in Town B for business he stays in a...
  9. Joojo

    Loans from 5 Friends-Chart of Account

    I have loans from 5 different friends for a start-up and I am just listing my Chart of Account(in Wave) would it be OK if I set up Loan Accounts for each one of Loan – Abigail Loan – Ben Loan – John I must add that WAVE doesn't allow for sub-accounts
  10. Joojo

    Stipend-Other Payroll

    I have an assistant/apprentice/intern for a start-up business that I pay some allowance or stipend to cater for their expenses. HOW BEST CAN I LABEL THIS EXPENSE Would it be OK to Add an expense account to my Chart of accounts and call it "STIPEND"
  11. Joojo

    Salvage Value and Useful Economic Lives

    How best can I determine the Salvage Values and UELs(Useful Economic Lives of Musical Equipment and the like used in a Dee Jaying Bus.?? Thanks
  12. Joojo

    Prior Period Income and Expenses

    I want to enter transactions for a service provider business for the month of October,in order that we can generate our first set of reports(financial statements) for the month of October 2015 How do I treat expenses and income earned/incurred a couple of months ago i.e...
  13. Joojo

    Pre-Incorporation Expenses

    Hi How best do we deal with pre-incorporation expenses? K
  14. Joojo

    UK Proformas

    How do I record these things in a typical accounting system: 1.Proformas from prospective clients; 2.Purchases from grocery stores for which debit cards are used to make payments; 3.Purchase discount received from suppliers for purchases Thanks