All Questions
Tagged with bookkeeping expenses
5
questions
0
votes
3
answers
165
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Depreciating vs expensing purchases to track net worth and personal expenses
Which purchases should you depreciate and which ones should you expense in the context of personal bookkeeping (and not for tax purposes)?
My personal goal for bookkeeping is mainly keeping track of ...
user111766
1
vote
1
answer
87
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How to accommodate for bills payed on my behalf in book keeping
I track my expenses and assets using an android application. It allows for a system similar to double entry bookkeeping. Where a recorded transaction make appropriate changes in two accounts. (an ...
- 113
0
votes
1
answer
89
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How to account for transactions which may have multiple causes?
Say I have a transaction from my bank in a foreign currency (say a taxi) which causes me to incur a "foreign currency transaction fee" (e.g. 2% of the transaction).
One way to look at this cost is ...
- 279
14
votes
6
answers
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How to account for startup costs for an LLC from personal money?
If I start a business (LLC, specifically) and incur some of the startup costs with my own money, how do I account for this in the bookkeeping once the LLC's bank account is up and running?
For ...
- 155
0
votes
1
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What's the best way to account for a risky investment - As an asset or an expense?
We normally account for investments as a separate account in assets:
Assets:Banks:Bank ABC => Assets:Risky Investments:Investment XYZ
which is consistent with the fact of having an asset that ...
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