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Which of the following Page Setup options is shown in the image below? 1 Transaction Entry 2 Record transactions as they occur or , at
Which of the following Page Setup options is shown in the image below?
Transaction Entry
Record transactions as they occur or at minimum on a monthly basis.
Source documents for expenses are invoices and receipts for business
expenses and statements for Household Bills.
Invoice hourly fee clients biweekly unless contract agrees to other
arrangements.
Record deposit invoices as deposits, record as revenue when payment is
received.
Consider GST and income tax implications for every transaction and record as
appropriate to minimize adjustments for yearend and HST reporting. Eg
meals and entertainment, split and record tax deductible and nontax
deductible portions.
Control
Banking records are the method of control in order to ensure all significant expenses and income are captured. Use cash only for small incidental
expenses.
Line numbering
Page break
columns
Hyphenation
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