Re: [SL] accounting question

[Joseph A. M. <ja...@jo...>]

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glad to help - and I figured out my problem.

I use suse 10.1 and whenever I do an online upgrade it screws up
sql-ledger. The data was in an older postgres format then expected by
the program. My computer guy fixed it.


www.joemaffia.com



Michael Hasse wrote:
> Thank you Joseph!
>     We went through the chart of accounts with our CPA and that's =

> what he said as well.
>     I'll add some more detail here in case anyone else is ever =

> searching.  We created an account under Current Assets and just =

> called it "Distributions" with the Account Type set to "Equity".  We =

> then reposted the distribution GL entries using it instead of the =

> wage expense account.
>
>
> On Jan 22, 2007, at 4:24 PM, Joseph A. Maffia wrote:
>
>> Someone posted an accounting question last week about distributions =

>> for an us s corp.
>>
>> Distributions should be shown as a seperate equity account. =

>> Therefore it won't affect the profit and loss and you can close it =

>> out the previous year against retained earnings.
>>
>>
>>
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