by cdaaccounting | Jun 1, 2022 | Business
No matter how frequently or infrequently you do your Coeur d’Alene business is posting, run a monthly total at month end, even though it may not be a full five or seven days since your last regular posting. Don’t let a posting period get skipped by a month. You...
by cdaaccounting | Jun 1, 2022 | Business
Starting a company in Coeur d’Alene is hard enough, but now you must track all of your sales, expenses, inventory, payrolls and taxes. If you use and are comfortable with spreadsheets, spreadsheets software can easily be set up as a basic set of financial...
by cdaaccounting | Jun 1, 2022 | Business
Instead of setting up a credit ledger for your Coeur d’Alene business, keep copies of your credit sales invoice s in an “unpaid” file. When you receive payment, pull the invoice from the unpaid fire, record the income, a file the invoice with your other paid...
by cdaaccounting | Jun 1, 2022 | Business
For recordkeeping and taxes, you must distinguish between “your Coeur d’Alene business” income and “non-business” income. Business income is what you earn from selling a product or providing a service. Only your business income is included on your income...
by cdaaccounting | Jun 1, 2022 | Business
Your Coeur d’Alene business sales returns should be handled as if they were negative sales. Prepare a separate return invoice (or credit memo, or whatever you want to call it) for each return, and mark it clearly return or refund. Write down all the information...
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