Question – How do you record a donation by way of bill payment? Example: NP Organization receives a bill. Donor pays the bill directly. There is no repayment to the donor obviously. Is this recorded similarly as donated rent/space/equipment as an expense? Is it recorded as the intake of restricted donations even though you’re not […]
Category: FAQ
Question – I am applying for health insurance via government website as self-employment. It asked for income. Does it mean gross income or net income? If it is gross income, does it mean sales o
Question – I need to see if I understand this: as an s Corp with only me, I should take a reasonable pay on which unemployment, social security, and tax withholding are deducted. The remaining p
Question – I have some things I want to 3D print, paint and sell on Etsy. I’d like to pay my niece to assemble and paint them; give her like $30 per set, for her time. But I don’t want to hire her as an employee. Can I just pay her for her service? She […]
Question – I just started using Quickbooks Self Employed and linked all my accounts and started categorizing expenses….then hit a brick wall. Is there seriously no inventory/COG category?
