About Teri

Level 9

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About Teri

1977-2023 Accounting (1985-2023 GovCon Accounting & Compliance)

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Re: Payroll and COGS

Pretty sure that separate LLC's require separate QB accounts for taxes.

Teri

Updated Apr 05, 2025
Re: Help with Reconcile

You should be able to see the $75 difference on broker statement to know what it is.If company is buying and selling stocks, I assume they are buying at one pri...

Teri

Updated Apr 05, 2025
Re: Asset set up in Chart of Accounts

Are both depreciated over the same useful life?If not, they are likely separate lines on tax return, each with a separate NBV.Either way, I would make account n...

Teri

Updated Apr 05, 2025
Re: How should I categorize bank transactions when the account purch...

Is this a business or personal account?Most investors have a brokerage account with a company, like at Fidelity or Schwab and details are tracked in that accoun...

Teri

Updated Apr 05, 2025
Re: Need HELP accounting for a unique transactions.

Sounds like you have two different types of accounting transactions:1) Purchasing inventory - DR Inventory and CR Credit card account2) Paying commissions - DR ...

Teri

Updated Apr 05, 2025

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