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Thread: Proper protocol/acccounting

  1. #1

    Default Proper protocol/acccounting

    So glad to have found this forum. Here's my situation/question.

    I would like to know the proper accounting to keep books "clean".

    I purchased gift cards on my wife's business credit card. I used those gift cards at a store to buy snacks for another one of our small business. We have a snack bar on property.

    I paid my portion of her credit card from my bank account and this is where I think I went wrong. Should I have written her a check? Also, what account should I use in QuickBooks? Need to show how much is spent on snacks quarterly/annually?

    We are structured as an LLC. Need to get this right.

    I thank you in advance for reading my post.

  2. #2


    Check every bill or payment received for accuracy before recording it in an accounting journal. Ensure all have been approved by a supervisor or business owner before you enter any transactions. Set up different accounts or categories for each type of transaction. Accounts can consist of cash, inventory, expenses, etc.
    I would recommend you to use QuickBooks enterprise hosting for accounting and Bookkeeping. To know more visit Apps4Rent.


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