Posts Tagged ‘Quickbooks’

In accounting, how do you classify penalties from late tax payments?

I am trying to set up quickbooks for my business. Would I classify penalties as an expense or current liability? these are penalties for filing sales tax return late. I set it up under expense but am unsure if that is correct. I hate to make an appointment with my /hour accountant just for this.


Accounting Sites

What program should I use for accounting in my small business?

accounting
Josh T asked:


I know Peachtree/Quickbooks or something
but what does it really do?

Is accounting only to help out the owner? or is there legal stuff included?

Also, what’s the difference between what the cash register monitors and what i use the accounting program for?

Jacob

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