Petty Cash Journal Entry: A Comprehensive Guide

And, you must record a petty cash journal entry when you put money into the petty cash fund and when money leaves the fund. Consider recording petty cash transactions in your books at least once per month. To permit these cash disbursements and still maintain adequate...

Beginner’s Guide to Sole Proprietorship Taxes

It’s also likely that your child won’t owe income taxes on these wages (since they will be below the filing threshold), which lowers your family’s overall tax bill considerably. As a bonus, your children can contribute these wages to retirement accounts such as a Roth...

TurboTax 2014 Review Still The Tax King?

The fact that you can transfer data from other tax prep programs makes it very easy as well. Users who reported using that feature reported that the process took less than 2 minutes and it had enough checks and balances to insure the data was imported correctly. At...

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