Category Archives: Bookkeeping

Recharacterizing Your IRA Contribution

Content Pay Income Taxes On the Conversion IRA Contribution and IRA Conversion Taxability Backdoor Roth IRA Turbotax Tutorial [With Screenshots] | White Coat Investor File If you recharacterize your contribution, you will receive two Form 5498s—one for the initial contribution and a second for the amount that is credited to the other IRA as a […]

Sundry Expenses Example, Journal Entry Sundry vs General Expense

Content Sundry Invoice in Accounting Owner Accounting Why You Can Trust Finance Strategists As they are posted, the account numbers are placed in the post reference column. None of the individual amounts in the cash and sales columns are posted. The total of the sales column is posted as a credit to the sales account […]