Best Rated in General Accounting

Subject Author Posted Replies
Application of customer payments against Invoices
Please assist in confirmation of GAAP - If a customer has multiple open invoices of varying age, makes a payment, references an invoice number on the check - is payment applied: - To oldest invoice...
7 years ago 1
Self-Directed IRA LLC -- finding a NJ accountant
I created a Self-Directed IRA and formed a "Self-Directed IRA LLC" in New Jersey. I already bought one investment property in the name of the SDIRA LLC (a tenant-occupied duplex in New Jersey). ...
11 years ago
LLC and Guaranteed Payments
Hello, I've recently created an LLC and have been researching Guaranteed Payments, Member Draws, and EOY Member Distributions and found conflicting data. 1.) Does an multi member LLC defaulting to b...
13 years ago 1
Accounting Treatment of License Fee
Is the local license fee paid by a restaurant considered an asset or an expense?
13 years ago 1
Lessee, Lessor, and Variable Interests
Have a question about a case I am doing in class: FastCar Parts, a manufacturer of automotive engines, is a nonpublic entity that leases a building from a related party, RE Properties, LLC. RE is w...
13 years ago
Stuck on a problem for 3 hours!!! Please help!
Could someone please help me with this problem. It's part of an assignment for school and I've gone through 3 accounting books and 3 hours and keep coming up $2 off somehow. It's a pretty basic pr...
13 years ago 3
Bookkeeping disclaimer
Hi, Looking for a sample of a bookkeeping disclaimer I can add to contracts. I want something along the lines of receipts and invoices are entered in accordance to what the client has provided. T...
12 years ago 1
how to pay offshore contractor
I have an S-Corp in Virgina, USA. I need to pay a person (independent contractor) in Egypt $2,000 for some work they peformed in Egypt for me. The Egyptian person has a Citibank personal account....
14 years ago 5
Discipline an independent contractor
Hi, How do I discipline an independent contractor who is doing work for me? I currently have an independent contractor who allegedly asked someone for marijuana while working for me. I did not witn...
7 years ago 1
Accounting jobs suck!
was 3.87 on 4.0 scale. I have been a professional seeker of accounting jobs for five years. Most employers will not even consider you for good paying position unless you are CPA or have an advanced gr...
12 years ago 6
CPA exam question
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...
13 years ago 9
Is 'cash' 'real' or 'personal' property?
Consider a hypothetical commercial real estate property. The land, building, improvements, and rights to use them represent 'real property' The inventory, desks, chairs, and other assets on the pro...
13 years ago 1
What does "the large print giveth and the small print taketh away" means?
Hello everyone, This is my first question to this group. I'm translating an financial text book from english to my language. Now I've got a sentence which I can't make understand its real meaning. ...
14 years ago 4
"Easiest" state to get CPA license in?
What's the state that has the lowest bar in requirements when it comes to getting a CPA license? I live in Washington (WA), but I do not meet the strigent education requirements (24 semester hours of...
14 years ago 12
Retrospective Purchase Order
Hi, can you explain me what excatly Retrospective PO is and when it's created? thanks
12 years ago 1
Payroll Manager, Duluth, GA to $60K
Payroll Manager, Duluth, GA to $60K Well established corporation in the Duluth area has need for Payroll Manager. This position will supervise small staff and be responsible for the accurate and time...
9 years ago
GAAP Requirements for Bill/Invoice?
I'm not a CPA and I'm new to this forum. I work in IT supporting a student account office at a University in the US. We've recently changed IT systems and a consultant has recommended to us that w...
9 years ago 10
Taxes in P&L statement?
I'm a officer/founder of a small C corp. Another person is responsible for the bookkeeping (who is not an accountant, but an engineer) with the help of a CPA. Every quarter the "bookkeeper" generates...
11 years ago 4
Mileage Reimbursement Accounting
Hello all, I'm a pastor who receives a monthly reimbursement for business miles traveled. I manage my personal finances in Quickbooks. My question is: How do I account for this check in Quickbooks?...
12 years ago 3
solutions manual for intermediate accounting 12e, kieso, weygandt, warfield
Hi, I am a senior majoring in finance, and I am currently taking intermediate accounting. If someone has an electronic copy of the solutions manual for this book and is willing to provide it, I would...
12 years ago 6