About Teri

Level 9

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About Teri

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

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Re: For expenses/deductions labeled as (Home Office), do I reimburse...

Depends on your type of legal entity for taxes. Are you:Sole ProprietorS-CorporationC-Corporation

Teri

Updated Jun 09, 2025
Re: Too basic? Expense or Asset?

Did you get your answer yet?

Teri

1

Updated Jun 18, 2025
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

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