Accounting

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17 articles in this collection
Written by Billy and Joshua Waldman

Billy’s Approach to Accrual Versus Cash Basis Accounting

How to switch between Cash basis and Accrual accounting and why we run both by default
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Written by Joshua Waldman
Updated over a week ago

Handling Income Duplications Caused by Credit Card Processing

If you used Stripe, Square or Paypal to accept credit cards, there's a chance you may have overstated your income.
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Written by Joshua Waldman
Updated over a week ago

Void a reconciled transaction

Sometimes an error only shows up after the reconciliation process has been completed. Learn how to adjust your books to make the correction.
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Written by Billy
Updated over a week ago

How to handle personal transactions in your company's books

We've all done it. Charged something personal through the business. What to do?
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Written by Billy
Updated over a week ago

Accounting for refunds & returns

How to deal with a customer who gets a refund, or when you return a product
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Written by Joshua Waldman
Updated over a week ago

Setting up VAT reporting in your Balance Sheet

If you need to report VAT deductions on purchases and sales follow these setup instrcutions
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Written by Joshua Waldman
Updated over a week ago

How to account for reimbursements

If you get paid back for travel costs and want to account for that income separately
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Written by Joshua Waldman
Updated over a week ago

How to account for Credit Card payments?

Did you pay off a credit card and you'd like to show that in Billy?
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Written by Joshua Waldman
Updated over a week ago

Journal

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Written by Joshua Waldman
Updated over a week ago

Accountant FAQ

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Written by Joshua Waldman
Updated over a week ago

Chart of accounts

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Written by Joshua Waldman
Updated over a week ago

Profit and loss statement

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Written by Joshua Waldman
Updated over a week ago

Balance sheet

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Written by Joshua Waldman
Updated over a week ago

Trial balance

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Written by Joshua Waldman
Updated over a week ago

Sales tax

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Written by Joshua Waldman
Updated over a week ago

Reports

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Written by Joshua Waldman
Updated over a week ago

Managing transactions

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Written by Joshua Waldman
Updated over a week ago