Expenses-Get Free Tips On Business Expenses, Living Expenses, FSA Eligible Expenses

keylargococonut asked:


I’m setting up a new file for a new company. I need to know the best way to account for some expenses, like postage and professional services, that were incured in the process of starting the business.
The owner paid cash, out of pocket, before the business checking account was established, and does not want to be paid back, but does want to show the expenses against any profits.
For the things like supplies I debited the asset account and credited capital stock, but I don’t know what to do with the expenses. I don’t want to show a liability by creating a payable account, so I’m at a loss. Should I treat it as petty cash? How?

Sean

perussefloyd asked:


Im moving into a house with four friends and i need to know all the living expenses we are all going to have to pay. Any info would be helpful.

Federico Wunderlin

microbio asked:


Im trying to brainstorm what my expenses will be. Ive got the obvious ones like rent, food, gas, electric, cable/internet; but I will be on a fairly tight budget and would like to know everything that may come my way.

Mitsuko Schiff

SM S asked:


I have participated to body building competition in 2007 and won number two in the trial states. Will I be able to deduct the training related expenses for tax deduction?

If I could, what other related expenses that I could deduct (such as vitamin, etc)? This competition is not professional, it is for amateur.

Thank you!

Emanuel Ahlbrecht

Justin D asked:


I am planning to move out on my own in about a year. I have no idea what to expect as far as expenses go. Any answers, or links to websites or articles would be helpful.
I know rent, utilities, food, but what other expenses are the norm?

Charlene Esquivel