• fixed assets

    First time on here... How do I adjust the value of fixed assets? Specifically, the value of land and buildings owned by the company. Thanks.
  • The business sold during the year and the proceeds of the selling transaction were not deposited in the business bank account, how can I close the books for tax purposes?

    The business sold during the year and the proceeds of the selling transaction were not deposited in the business bank account, how can I close the books for tax purposes?
  • 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…