Tag Archives: Accounts payable

Closing the Books: An Accountants Guide – 15 CPE hrs – only $99

Closing the Books: An Accountants Guide – 15 CPE hrs – only $99 Closing the Books: An Accountant’s Guide demonstrates how the accounting systems summarize information into financial statements, how to close the books efficiently, how to construct financial statements, and the controls and record keeping systems needed to close the books. Earn 15 CPE […]

Accrual Basis

Today TaxMama hears from Nunya in the TaxQuips Forum who was advised by an EA “that typically she prefers accrual, but I can’t really recall for sure or why.  She was giving a small [business] seminar.”

Expensing Accounts Payable

Today TaxMama hears from Cinda in the TaxQuips Forum with a quickie question. “I bought a company and with it came  $72,310 worth of outstanding debt.  How should I initially set this up and how would I track the payments I make towards these payables?  The payments are an expense correct?”

Cleaning Up

Today TaxMama answers Laura on the Internet. Laura is concerned “I’ve hired two women who are doing business as “Simply Clean” to clean my home. They are not incorporated, just two ladies cleaning houses. If I pay $35.00 per week for part-time services, do I treat them as household employees? What do I have to […]