If you use QuickBooks, you likely already know how to use the Bank Reconciliation feature. However, did you know that you can also use this feature with credit cards and loans?
Translations from Your Trusted Advisor.
If you use QuickBooks, you likely already know how to use the Bank Reconciliation feature. However, did you know that you can also use this feature with credit cards and loans?
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Dana Bull, CPA •
Congratulations! You just won your Super Bowl bet! Or, you did your research, poured over the stats, drafted wisely and won your fantasy football league. You now have bragging rights for the year! You may also have a tax bill. Most people are aware that other income sources such as wages, salaries, interest and dividends are taxable. But other income such as gambling and prizes are also taxable. The IRS requires taxpayers to report these winnings as miscellaneous income. |
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