Here is an index of links to all the journal entry examples on this site.
Remember, under accrual accounting, you record the revenue when the transaction is complete, whether or not you have collected payment. This means you should have accounts receivable on your books.
Remember, under accrual accounting, you match costs with expenses whether or not you have paid the bill. This means you should have accounts payable on your books if you have bills due. Enter unpaid bills into the Accounts Payable module using the invoice date. Remember when paying the bill to pay it through the Accounts Payable module.
Remember to mark your calendar and schedule a physical count of inventory as close to the last day of your fiscal year end as possible.
Remember, you have to keep an auto log if you want to claim expenses relating to the use of your personal vehicle for business.
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