Cash refunds and cheque refunds will be posted as journals QuickBooks Online does not support refunding a cash payment or cheque from a supplier. These entries will be posted as regular journals with no direct link to the customer or supplier. ...
File your quarterly Sales Tax return for the remaining quarter. If you use Cash-based accounting, it is advised to migrate directly after the close (and reconciliation) of a tax period. Otherwise, the post-conversion work in QuickBooks Online can be significant (considering partial paid invoices)...
There may be hope that something other than cash may constitute "money" under the Code and receivetax-freedistribution treatment during the PTTP. One might question whether a corporation could borrow money from a third party and distribute it to the shareholders, who in turn loan money back to...