Income and Tax Statement
Hi,
I receive a weekly deposit of money into my business bank account for my rideshare driving. Do I allocate this money to an equity account?
When I receive the Monthly Tax Statement at the end of the month I record this into Reckon One by the Day to Day>Money In> Receive Money tab> Rideshare Income(contact)> CBA Business (Bank Account)> New Transaction Allocation where I record the money to their relevent Income and Expense Accounts eg. Gross rides Fare, Tolls etc.
Should I be using the Cash Account in the Bank account list as opposed to the CBA Business (Bank Account) on the drop down list otherwise am I making 2 payments into the business bank account when I'm only receiving 1 (weekly Deposit)? Any help would be appreciated.
Thanks,
Anthony.
Categories
- All Categories
- 6.9K Accounts Hosted
- 11 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.2K Reckon Payroll 🚀
- 20 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3.1K Reckon One
- 7 📢 Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 114 Reckon API
- 830 Payroll Premier
- 326 Point of Sale
- 2K Personal Plus and Home & Business
- 74 About Reckon Community