Accounting Questions

This question seems to have been beat up on this site, but I can't find a direct answer. If I have an internet business incorporated in Delaware that sells software online, and I personally live...

Incorporation Tax Accounting

asked Mar 1 '11 at 10:39

Andy
111 points

I founded an s-corp with a couple of friends in the early part of 2010 that hasn't shipped a product nor made a dollar yet (and likely won't ever). Unfortunately, I'm really not in the financial...

Incorporation Tax Accounting

asked Feb 9 '11 at 15:14

Chris Cummings
108 points

First, my apoligies if I'm on the wrong board. Please point me to the right site. I have a 1 person S-Corp in California and use Paychex for the payroll. I simply want to enter the data into...

Accounting Bookkeeping Accounting Method Payroll

asked Feb 15 '11 at 02:44

Dave
160 points

I'm starting a small business and have decided to form an S-Corp. Like many, my goal in forming an S-Corp is to avoid limitless personal liability and to take advantage of the (potential) tax...

Incorporation Investment Accounting

asked Jan 30 '11 at 09:30

Mcohen75
157 points

What is the single most useful accounting book for the bootstrapped entrepreneur? It is my single largest flaw in my business education, I imagine a lot of people are in the same boat.

Books Accounting

asked Jan 18 '11 at 11:34

Steve French
621 points

How might you record a loan from directors to the company in the books? From my perspective this is an investment into the company which I hope will be refunded when the company makes...

UK Accounting

asked Jan 5 '11 at 05:56

Romkyns
118 points

We're running an online store of electronic devices, and we need to start creating invoices for our clients. What is the best invoicing tool you have discovered?

Software Ecommerce Application Selling Accounting

asked Dec 16 '10 at 12:09

Sd Reyes
156 points

I have a canadian company selling to a European company who's currency is GBP. For tax purposes should I sell to them in Canadian dollars or should they pay me in pounds?

Sales Partnerships Accounting

asked Nov 23 '10 at 02:00

Stacey
484 points

I need to form an s-corp in Delaware. The corporation will be taking on angel funding as soon as it is formed. I have retained an attorney experienced in the formation & funding processes. The...

Funding Incorporation Accounting Seed Funding

asked Nov 11 '10 at 09:13

Alex
23 points

I don't have a separate bank account for my LLC (I am sole owner). I am planning to buy a new laptop. How do I claim it as an LLC expense, come tax time? Related questions: What are pros/cons of...

LLC Tax Accounting Bank Account

asked Oct 27 '10 at 04:45

User5027
21 points

My part-time bookkeeper and I are currently reviewing Xero for accounting. I like the online aspect of being able to enter and view data online (my bookkeeper works from home). The cost seems...

Canada Saas Accounting

asked Oct 27 '10 at 12:14

Jonotron
13 points

I'm operating a startup in its 1st year. This year's sales from consulting services is very good but the pipeline for next financial year is very very weak. My question is, legally, can I delay...

Finance Tax Accounting Accounting Method

asked Oct 10 '10 at 06:43

User4737
26 points

For small startups of 3 or less owners: How much money do you spend on accountants per year? What is a reasonable amount? do you recommend "doing it yourself"? does it matter the quality of the...

Accounting Accountants Fees

asked Sep 29 '10 at 06:14

Gush
53 points

I recently formed a c-corp and am looking for outside investment very soon. I'm paying out of pocket for startup expenses (office lease, office equipment, software licenses, etc). I will spend...

Incorporation Tax Accounting Bank

asked Oct 7 '10 at 02:07

User4683
28 points

Example You are a Service business, your customer pays you $100 for "Service X" via credit card. You charge the customer an additional 2% of total sale for paying via Creditcard. Hence the total...

Business Accounting

asked Sep 17 '10 at 23:51

001
167 points

I have an accounting degree from New Zealand (many years ago!) but have never used it as a qualified accountant here in California just as a business consultant. I want to get my CPA license and...

License Accounting

asked Jul 23 '10 at 08:07

Roginla
88 points

I am launching a startup (who isnt :) ) and while I am not planning on looking for outside funding, I'd like to leave the option on the table in the event that I catch a tiger by the tail (meaning...

Incorporation Legal Accounting

asked Jun 19 '10 at 01:00

Ev Conrad
561 points

We are about to launch a website offering products. My "gut" feeling is that a good proportion of our customers will be based in the US. We are currently based in the UK, though that is likely to...

Pricing Payments Saas Accounting

asked May 16 '10 at 17:40

Morpheous
236 points

I am working with a startup ad agency that has some very large clients for some large, complex projects. Many of their projects are subcontracted to other vendors and to crowdsourcing platforms,...

Software Project Management Accounting

asked May 21 '10 at 07:16

Jim Shook
417 points

I am currently setting up Quickbooks for my manufacturing business. I have tons of historical data to enter. I added all my vendors and I am now at the point of creating my "Chart of Accounts."...

Accounting Bookkeeping

asked Jun 7 '10 at 22:38

Clint
695 points