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Accounting & Banking

Accounting Methods

Introduction An accounting method is a set of rules used to determine when and how to report income and expenses in your books and on your income tax returns. You choose an accounting method when you file your first tax return. If you want to change your accounting method, you must get IRS approval. No

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Deposit Types Explained

Introduction This topic explains the differences between the two deposit options Group With Undeposited Funds and Deposit To. Usage These options are used in various forms throughout Total Office Manager including Receive Payments, Sales, etc. Group With Other Undeposited Funds If you choose this option, Total Office Manager will hold all of the payments you

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Transaction Types

Transaction Types used in Total Office Manager Bill CC Charge CC Credit Check Credit Deposit Inventory Adjustment Invoice Item Receipt Journal Entry Liability Adjustment Payment Payroll Check Payroll Liability Check Sale Sales Tax Liability Check Serialized Vendor Credit YTD Adjustment Chart of Accounts Types used in Total Office Manager Accounts Payable Accounts Receivable Bank Cost

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