If you use the credit card processing site Square, you know that the amount deposited in your bank account doesn’t match the total amount you charged your client’s card. What is the correct way to post this in your books? If you look up your deposit on...
There is a common error almost all beginning business owners make when calculating gross receipts tax due. (In New Mexico, sales tax is called gross receipts tax.) When most people are calculating gross receipts tax, they look on their bank statement to find the...
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