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Provision Business Services LLC

A Professional Bookkeeping Firm

Located in Albuquerque, Serving all of New Mexico

505-269-3783

How to Handle Charitable Contributions

How to Handle Charitable Contributions

Congratulations for being charitable.  Contrary to what many think, charitable contributions are not a deductible business expense.  They are deducted on your personal tax return, the 1040.  Because of this, charitable contributions should ideally be made from a...
Recording Vendor Names in Your Books

Recording Vendor Names in Your Books

I’ve seen books where the vendor names are omitted – probably in an attempt to speed up data entry.  So just the date, dollar amount, and expense account were recorded, but not who the money was paid to.  Did you know you need to be able to track how much...