If you delete and recreate a transaction for a previous period, then both changes will show as exceptions, but will net out to zero. This is also caused by editing and saving a transaction, even if the line item in question was not changed. This is perfectly normal and should not affect the balance of your filing.
Barter exchange (Clearing Bank) You receive a payment from the customer and deposit to the clearing bank then pay the vendor with the money available in the clearing bank reconcile clearing bank to 0.00
Yes it's 100% ok to do it, but I don't really know how to answer the question about norm, because I see each posting entry in quickbooks as a journal entry, not as the fancy template name, so I consider my answer as journal entry Use memo to take note of what you did
יוד אלף האט געשריבן:Yes it's 100% ok to do it, but I don't really know how to answer the question about norm, because I see each posting entry in quickbooks as a journal entry, not as the fancy template name, so I consider my answer as journal entry Use memo to take note of what you did
That is the correct way of recording these type of transactions. as long as the dates are right and there are memos for details of the transaction, you should be able to reference it in the future. General Journal entries are not always the simplest way of solving it.
למעשה קען מען אזא JE סייווי נישט מאכן אין קוויקבוקס ווייל קוויקבוקס לאזט נישט מאכן א JE פון AR צו AP במילא מוזטו אפילו מיט א JE סייווי ניצן א קלערינג אקאונט אינצווישן
מיין אקאונטענט זאגט מיר אז וויבאלד איך האב א אפיס אינדערהיים קען איך ניצן טויזנט דאלער א חודש אלץ אן עקספענס. ווי אזוי לייג איך אריין אזא טראנזאקציע? עס איז אן עקספענס אבער איך האב נישט ארויסגענומען געלט פון ערגץ אנדערש, און ס'איז נישטא קיין אינקאם.
That's why I wrote to leave it for the 1099 )but if you increase the expense it really doesn't matter the increase in the equity ) But it really depends how he files so just ask the accountant who mentioned it how to record it
יוד אלף האט געשריבן:Expense comes from owner's equity
This will increase the equity, which is not really the intended result
Of course it does.
If he paid from his personal pocket $1,000 that he can use as a business expense. Then he can take out another 1,000 from the business. Or in other words. The 1,000 that he took last week was to cover this.
So if you have it entered this way, you can have the accurate drawing number at the end of the year and this might be useful when your draw was more then the income it will set it off
יוד אלף האט געשריבן:Expense comes from owner's equity
This will increase the equity, which is not really the intended result
Of course it does.
If he paid from his personal pocket $1,000 that he can use as a business expense. Then he can take out another 1,000 from the business. Or in other words. The 1,000 that he took last week was to cover this.
So if you have it entered this way, you can have the accurate drawing number at the end of the year and this might be useful when your draw was more then the income it will set it off