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About FishingForAnswers

Just fishing for answers.

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Re: Pre-Paid / Deposits for inventory

@MirriamM "Record the deposit:When you make the 50% deposit, use this liability account when writing the check. This will increase the liability account balance...

FishingForAnswers

Updated Dec 17, 2024
Re: Pre-Paid / Deposits for inventory

Correcting this: "When you go to pay the remainder of the bill to the customer,..."Customer should read vendor.I should be hibernating.

FishingForAnswers

2

Updated Dec 17, 2024
Re: Pre-Paid / Deposits for inventory

@Linkasink Should be as simple as using a Current Asset as the detail line on the 50% deposit check you are creating for the Vendor.Per your example, this will ...

FishingForAnswers

3

Updated Dec 17, 2024
Re: Snap Receipt Scan Duplicating after giving error message

@KimAnnVA "Side note: Intuit QuickBooks is crazy if they think they are going to make money charging for AI services."Yes."Is Intuit QuickBooks going to pay for...

FishingForAnswers

Updated Dec 17, 2024
Re: Small Business 1099

To head off some common misunderstandings amongst business owners here, vis a vis the 1099-K:No, you almost certainly will never issue a 1099-K to anybody. It i...

FishingForAnswers

Updated Dec 17, 2024

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