 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
A sole proprietor
I am a sole proprietor. My Balance Sheet is reflecting two Net Income entries.
The first Net Income entry seems to be generating from Quickbooks automatic year end closing entries that has created a negative amount. The second Net income appears to be the normal income/ expense P&L entries for the month. Why is the Balance Sheet generating two separate Net Incomes? |
||||
Originally Posted by Ronzwyf
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
My husband does handyman work for a rental management company as a sole proprietor. They recently suggested to him he should become an LLC. I can not find any reason that this would be beneficial to him, and in fact, in FL he would actually have a yearly fee to pay. What am I not understanding? ...
1. When we open post dated cheque,the date we want to put is the actual date or paymnet date? 2. Jan Salary but paid on Feb, so in payment voucher and account, which date that I need to put is better? 3. Dec Expenses Accrued, paid on Jan, how to do the entry? 4. Please show the journal...
1. When we open post dated cheque,the date we want to put is the actual date or paymnet date? 2. Jan Salary but paid on Feb, so in payment voucher and account, which date that I need to put is better? 3. Dec Expenses Accrued, paid on Jan, how to do the entry? 4. Please show the journal...
I am an employer and one of my contractors stated back in the beginning of 2007 that he was Incorporated but believe that he is just a sole proprietor. He then told me that he as in the process of converting from a sole proprietor to a C or S corp. We are now 3 days past the deadline for filing...
I am a sole proprietor, but want to protect my assests and was told to incorporate. How do I do this?
View more questions Search
|
