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One of the confusing things with Lizzy is when you are told to make adjustments to your Owner’s Equity/Retained Earnings account. And it will never fail to throw your accountant into a tizzy. So let me explain what we mean, and why we mean, to help smooth things over with your accountant. Also, for the [...]
How does Lizzy handle her accounting? The answer to that is that she runs an Accrual Accounting Basis, with a slight exception regarding invoicing. First – why Accrual Basis? Well – lets define for us cash-basis vs. accrual-basis accounting. Cash basis is where income is not counted until cash (or a check) is actually received, and [...]
Starting today nizeX Inc. is moving away from GotoMeeting and SSI/Nizex Remote, and moving to Mikogo. Mikogo is a free web conferencing package, that is cross platform and supports remote control of another user’s desktop. The first step in getting Mikogo setup is to install the software, using one of the links below. Windows Version [...]
Various states handle sales tax collections in various ways, but one of the more difficult to grasp concepts is prepaid tax. The easiest way to describe it is to give you an example. In Ohio, if you pay enough sales tax to qualify, they require that you prepay your tax. For simplicity we will talk [...]
I’m sure you’ve done it, typed your email address to login and accidentally entered your password on the end without pressing the tab key? Now when you login it shows your password at the end of your email address for everyone to see. Well, in this post I’m going to tell you how to fix [...]