Introduction This topic was written to help you understand how to enter old checks and other banking related transactions into Total Office Manager. This work will help assure that Total Office Manager’s balance sheet and income statements are up-to-date and current as of your company’s start date. Usage When you enter A/P, sales, and payroll […]
Entering Historical Bank and Related Transactions Read More »
Introduction This is a general reference indicating who, what, when, and where to send it. Type Of Business Entity Forms Required Purpose When To File Where To File INCOME TAXES – Federal Only Sole Proprietor Form 1040 Schedule C Report taxable income: Schedule included in individual income tax return 15th day of the fourth month
Reference for Filing Taxes Read More »
Introduction This topic was written to help you understand how to enter old invoices and other transactions into Total Office Manager. This work will help assure that Total Office Manager’s related reports and lists are up-to-date and current as of your company’s start date. Usage After you’ve entered the historical sales and accounts receivable (A/R)
Entering Historical Sales and A/R Transactions Read More »
Introduction This topic will teach you how to handle a case where the customer over pays an invoice. In other words, they send you more money than they owe you for a certain sale. Step-By-Step This is a multi-step process. The first thing you need to do is enter the sale. Enter the invoice as
Handling an Over Payment of an Invoice Read More »
Entering YTD Account Totals Using Journal Entries This advanced help topic covers the process of entering ending balances and year-to-date totals for various accounts. Beginning and ending balances can be considered the same thing as “YTD balances” or “account totals”. Defining Beginning and/or Ending Balances The beginning balance represents the balance of an account at
Entering Beginning and Ending Balances Read More »
Introduction Every debit must have a credit and vice versa. Example Assume you write a check for your monthly rent. You reduce cash and increase expenses . Credit cash; debit rent expense. Every transaction has to be analyzed with its impact on at least two accounts. Sometimes a transaction involves more than two accounts. Example
An Explanation of Double Entry Bookkeeping Read More »
By entering your information above and clicking the “Agree and Get Started” button, you agree to our Terms of Use and Privacy Policy that we may contact you, by SMS, at the phone number and email address you provide in this form in accordance with our Terms of Use. Promotion Terms & Conditions apply.
