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-   -   Adjusments in a Worksheet (https://www.askmehelpdesk.com/showthread.php?t=319571)

  • Feb 19, 2009, 04:18 PM
    cjanzen09
    Adjusments in a Worksheet
    I need help with how to do some adjustments on a worksheet. What is the adjustment for organization cost?
  • Feb 19, 2009, 05:31 PM
    frostedflake

    "organization cost" is too vague. Is it an admin. Expense, like filing paperwork in cabinets? Or, is it a project that improves the business, like you redesigned or improved a procedure? Or, did the organization incur a cost, like a seminar?

    Anyway, you debit the expense like Office, etc. and credit a balance sheet account, like fees or services. OR, debit the expense and credit a balance sheet account for asset accrual like improvements if it's a startup expense and will not recur.

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