• Inventory and item cost problem

    Hi We have a problem with my inventory. We do house and buidling wiring. We sold and install different type of cable and sometime it's sold foot by foot or in a package and I have an ''service'' item for that purpose. Also since we are in canada…
  • Vehicle for sale

    Recently our company has started selling vehicles. I need to set up each vehicle as a cost object (I say cost object because I have considered doing and inventory item or perhaps a project) that needs to have the ability to have costs added to it such…
  • YR END Closing Owners Drawings?

    Hi All, I am a bookkeeper for a sole proprietorship. When I took over last year I was basically left to figure everything out on my own and told to go off what had already been taking place. The business has never closed out Drawings at year end. I…
  • Issue posting a journal entry

    I am trying to record dividends for fiscal year end. In doing so, I tried to post against a G/L account 3600 'Current Earnings' which is already created and active, it is on the chart of accounts but, not listed for posting? Each time I try to post the…