Welcome to Accounting and Tax Advice and Discussions
Some of our best rated resources
We are going to be selling bags of firewood. Would you class the expense for burlap bags and shipping boxes as "cost of goods sold" or just materials? I assume the shipping charges for shipping to customers, ebay & paypal fees, advertising fees, barcode fees, etc., would all be considered CGS expenses read more...
In article: Packing Materials as Cost of Goods Sold?
One of my colleague was mentioning that he rented his property and did not report the rental income since he was barely breaking even. According to him there is no direct way the IRS will be able to find out the actual rentals received. Is it right? If that is the case everyone will do it, right? read more...
In article: Not reporting rental income
My Epson TM-T88IV receipt printer prints fine with a Test Page from the Properties. My problem is that it has a delayed print using MS POS software to print a receipt. It prints the store info pauses for a good 10-15 seconds then prints the remainder of the receipt. Also, I read more...
In article: TM-T88IV receipt printer prints slow and won't kick drawer with MS POS
Dear all, I am preparing for the CPA exam now and I was a little confused with the concept "float." Here is the question: Assume that each day a company writes and receives checks totaling $10,000. If it takes five days for the checks to clear and be deducted read more...
In article: CPA exam question
Have a question or want to start a discussion? Post it! No Registration Necessary
BeanSmart.com website provides free, on-the-go reading and posting access to 8 Usenet discussion groups, completely anonymously and without requiring registration.
Accounting Software
q-box alternative?
author: T posted 05-16-2017
Hi All, Anyone have a favorite alternative to Q-Box? Many thanks, -T read more »How to generate a Quicken report
author: Gary posted 07-12-2017
I consolidated my various accounts into one broker last year. Since doing so, I have noticed some irregularities in some of my investments ... there have been unexplained decreases in value sinc... read more »Reports for Time Tickets
author: tricia posted 05-06-2014
I need to print a sales invoice showing from a time ticket the date of each event, the employee ID, invoice description and total rate. I can get the invoice description and rate from sales invo... read more »Taxes
401(k) after retiring
author: Stan Brown posted 07-11-2017
Just speaking hypothetically -- Someone has been contributing $2K per monthly paycheck to his 401(k), which would total $24K for the year. But in August, being 68 years old, he retires. Can h... read more »Business Software
Do you worry about Amazon and other competition? - answers inside
author: RetailSmartGuys posted 04-11-2017
We work with independent retailers every day. We know that some of you are worried about Amazon and online competition. You're worried about competing against larger competitors. There is an answ... read more »General Accounting
Business sale accounting entry
author: jayesh posted 02-13-2017
I sold and closed my business., received payment from buyer, after deducting lawyer and agent expenses, deposited in bank. There is Goodwill and Loss on Balance Sheet. Under which account this sale o... read more »Reverse mortgages now almost a must?
author: dumbstruck posted 04-10-2016
Marketwatch has an article about new rules making reverse mortgages more attractive: The new math on reverse mortgages http://www.marketwatch.com/story/the-new-math-on-reverse-mortgages-2016-04-10 . ... read more »BG/SBLC
author: hawthornfinance posted 07-23-2017
Bank Guarantee and Stand By Letter of Credit are available for lease at 6% for a period ONE year. Call + 447978229348 or enquiry@hawthornfinancelimited.com. Terms and Conditions Apply. read more »