Questions tagged [bookkeeping]
Bookkeeping is the process of recording business data in a prescribed format. It often forms the first step in the accounting procedures of a company.
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UK - Do I need to file final accounts when striking off an empty <12 months old company?
I would like to strike off an empty UK ltd company which is <12 month old and has never done any business and has no employees. My accountant has advised me I don't need to file final accounts ...
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VAT Treatment of Foreign Expenses without Invoice
My client operates a company based in the UAE and maintains several bank accounts, including one in the USA. The US bank levies various fees, such as transfer fees and monthly fees, which are ...
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What account should be debited using double entry accounting for a stock spinoff transaction
I use ledger for tracking my personal finances. I'm trying to record a transaction where a stock I owned spun off shares of another company. (The specific case I'm referring to is when BioTime spun ...
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Is me sending some Bitcoin to a Tor service a transaction? Or only when I buy something with those Bitcoin from the Tor service?
I've started recording all my money transactions, be them fiat or Bitcoin.
Now I wonder how to record the following situation:
I have an existing 0.05 BTC in my Bitcoin Core wallet running on my ...
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How do I set up the books for LLC taxed as a C-Corp?
Most resources online for bookeeping for LLCs immediately repeat a myth about C-Corp taxation subjecting you to double-taxation, declare that nobody would set up their single-member LLC as anything ...
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Credit Expenses when someone contribute to my expenses. Is it right to do that?
I rent out my flat. The renter pays rent plus certain amount of money to cover some part of common charges.
I receive the sum of rent and provisions for common charges in my bank.
I split the amount ...
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What double-entry bookkeeping and account structure lets me report taxable distributions from retirement savings plan (e.g. RRSP)?
I have tax-preferred retirement savings plans, and I track their activity using a double-entry bookkeeping app. I am at the age where I am starting to make withdrawals from the savings plans. The ...
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