Questions
What you'd ask a bookkeeper if you had one sitting next to you.
How to File Taxes if I Haven’t Done Bookkeeping in Two Years?
You'll need to reconstruct your records before filing. Pull bank statements, credit card statements, and any receipts you have. Categorize everything by income and expense type, then use those totals for your return.
Read answerWhy Doesn't My Bank Balance Match QuickBooks?
This usually means unrecorded transactions, duplicates, or reconciliation that hasn't been completed. The bank is right. Your job is to find what QuickBooks is missing or showing incorrectly.
Read answerHow Do I Categorize Business Expenses on a Personal Credit Card?
Record only the business transactions in your books, categorized by expense type. The payment comes from owner funds, not a business account. In QuickBooks, use an equity account or owner contribution to balance the entry.
Read answerWhy Is My Profit & Loss Showing a Profit When I Have No Cash in the Bank?
Profit and cash are different things. Your P&L shows revenue earned minus expenses incurred, regardless of when money actually moves. Cash disappears into receivables, inventory, loan payments, equipment, and owner draws that don't appear on the P&L.
Read answerWhat Is the Penalty for Filing Ohio Sales Tax Late?
Ohio charges a late filing penalty of the greater of $50 or 10% of the tax due, plus interest. Penalties start immediately after the due date with no grace period.
Read answerCan I Write Off Expenses If I Lost the Receipts?
Usually, yes. The IRS requires documentation, but receipts aren't the only form. Bank statements, credit card statements, and other records can support your deductions if the original receipts are gone.
Read answerHow Do I Close the Books for a Dissolved LLC in Ohio?
Record final transactions, pay remaining liabilities, distribute remaining assets to members, file final tax returns, and cancel your Ohio registration. The books should show zero balances when you're done.
Read answerHow Do I Calculate the True Labor Burden for Construction Crews in Ohio?
Add payroll taxes, Ohio BWC premiums, benefits, and indirect costs to base wages. Construction labor burden in Ohio typically runs 25% to 45% on top of hourly wages, with workers comp being the largest variable.
Read answerWhat's the Best Way to Track Job Costs for Custom Home Builders?
Break each home into phases and cost codes, then track every labor hour, material purchase, and subcontractor invoice against them. Compare budget to actual weekly so you catch overruns while there's still time to react.
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