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How to Accrue Your Business Insurance Expense Over 12 Months | jkbookkeepers
https://jkbookkeepers.wordpress.com/2014/06/24/how-to-accrue-your-business-insurance-expense-over-12-months
Bookkeeping and Internal Controls for Restaurants and Bars. Is Bottle Service Taxable in Bars? How to Accrue Your Business Insurance Expense Over 12 Months. June 24, 2014. If you are like most companies, you will pay a large down payment followed by nine equal monthly installments to cover your yearly Insurance Premiums (General Liability, Liquor Liability, Property, Workers Comp, etc.) Booking these insurance expenses into your accounting system. 1 Pre-Paid Insurance (Current Asset account type). Is Bot...
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Tips Vs. Service Charges In 2014 | jkbookkeepers
https://jkbookkeepers.wordpress.com/2013/09/23/tips-vs-service-charges-in-2014
Bookkeeping and Internal Controls for Restaurants and Bars. Update From the DOL on Exchange Notices for Employees (Sept. 11, 2013). Is Bottle Service Taxable in Bars? Tips Vs. Service Charges In 2014. September 23, 2013. Has determined that Service Charges are different and deserve to be taxed as wages instead. Since wages are taxed differently than tips, service charges would need to be taxed differently as well. Tips, under the IRS rules, usually have the following four components:. 2 All credit card t...
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jkbookkeepers | Bookkeeping and Internal Controls for Restaurants & Bars | Page 2
https://jkbookkeepers.wordpress.com/page/2
Bookkeeping and Internal Controls for Restaurants and Bars. Newer posts →. Why Restaurants and Bars Should Make the Switch to QuickBooks Online. August 17, 2012. Many restaurants and bars use QuickBooks as their chosen accounting software and it works very well for most of their accounting needs. The main frustration that my clients face is sending the accountant’s copy of the desktop version back and forth between the restaurant owner/operator and the bookkeeper. Pros for QuickBooks Online Version that ...
jkbookkeepers.wordpress.com
jkbookkeepers | jkbookkeepers
https://jkbookkeepers.wordpress.com/author/jkbookkeepers
Bookkeeping and Internal Controls for Restaurants and Bars. How to Accrue Your Business Insurance Expense Over 12 Months. June 24, 2014. If you are like most companies, you will pay a large down payment followed by nine equal monthly installments to cover your yearly Insurance Premiums (General Liability, Liquor Liability, Property, Workers Comp, etc.) Booking these insurance expenses into your accounting system. In order to set this up correctly in your accounting system, you will need three accounts:.
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