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  • How to process payment to payout liability

    I have a short term loan which I need to pay out. How do I process a cheque payment to payout this liability? Thank you

  • Recording Phone Financing through provider

    HI All, I do the book for our family's contracting business, and I'm still fairly new to it. We have a business cellphone plan through Rogers and we are financing a new phone though them. I'm assuming I should make a GL transaction stating the phone…

  • Recording the purchase of a vessel to be used for business by the company - financed in part by the shareholder (LOC) and by the trade in of their personal vessel

    Hello, I am new to this site and new to bookeeping. I have many questions but will start with just two My client has an existing incorporated business. He has purchased a boat to be used as transportation for that business and he is also starting…

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