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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, Former Camgirl
aka @kitty4Do, $kitty4d
LendAHandAccounting Profile Photo
LendAHandAccounting
2021-10-18
ā€¢ 4 months ago
Cloud-powered small business accounting firm for QuickBooks Online. https://lendahandaccounting.com/ *Not Financial Advice Principal Accountant: @reginamarie
šŸ¤‘ Bookkeeping Tips You šŸ’Ÿ: Tip # 48 šŸ¤‘ One of the most common mistakes that US small business owners make with their bookkeeping is recording income deposits directly to the Accounts Receivable account. When you do this, it creates a negative Accounts Receivable balance in your books as if you owe money to your own customers. This is the correct accounting process flow for recording income in your business books: šŸŸ© Create customer invoice šŸŸ¦ Receive customer invoice payment šŸŸ§ Match bank deposit to invoice payment
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