But when tips are recorded on the sale receipt, they are collected in a liability account “Undistributed Tips”. Using income and expense does not create any tra...
But if the money was never deposited to the bank, as he says, this will not work. I think the correct answer is to find out how the loan was disbursed and where...
Since the creation of tips on the Sales Receipt defaults to Undistributed Tips, why does it have to be so difficult? Requiring a journal entry to clear this acc...
I am working with a client who has a very small business and limited bookkeeping knowledge. They are using Square to process payments on site as services are pr...
I followed this procedure to rename a bank account. However, transactions are now showing up in a (non-existent) account with the old name. If users are not car...
