Recent content by suiathon

A client has several funds and at times needs to make a transfer between the funds. The balance sheet is simple, cash to cash. But the profit and loss statement isn't as straightforward. Where do I post the entries so that net assets will balances against Assets - Liabilities? E.g. Dr...

You can purchase external CD-ROM devices for fairly cheap. I keep one handy for the occasional disc. I don't use Quicken, so can't answer that for you.

1. Back in the day when the Books weren't digital, perhaps. You can post multiple entries per day. I see it all the time as an auditor. 2. Depends on the accountant and software. Separate entries make it cleaner. You may post multiple entries in a day. 3. Each Journal Entry must balance...

Is it loan interest expense or revenue? You add that figure to Net Margin, so it makes me believe it is a Revenue. I'd clarify that row header and use negative signs for subtractions. Also, are you subtracting out your Expenses in calculating Net Profit? Gross margin = Revenue less COGS...

What type of accounting sector are you in? e.g. Manufacturing, Nonprofit, etc. If you'd like help with Vlookups and Pivot Tables, I'd be willing to write up a simple explanation or redirect you to YouTube or Excel websites. I self taught myself Excel functions and basic macros/VBA coding...

My company (8 employees) uses Checkpoint's PPC SMART. I don't know how it compares to any other programs.

I started working with a nonprofit and their 990-EZ doesn't appear to have been correctly filled out for the past several years. Should I amend or just fill out correctly from now on? It's a small organization with less than $100,000 in receipts. Their beginning/ending balances never match to...