Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

Related Finance Questions
Actually is a journal entry. Due to a posting in the wrong
Actually is a journal entry. Due to a posting in the wrong period. My A/P aging doesn't match the Trial Balance. Some of the accounts affected are expenses, inventory, and prepaid expenses. These entr… read more
Pateel Papazian
Pateel Papazian
Financial Trainer and Consultant
Master's Degree
13 satisfied customers
Last year (2013) our firm (US based C Corp) opened a Ltd in
Last year (2013) our firm (US based C Corp) opened a Ltd in the UK as a wholly owned subsidiary. Both firms use QuickBooks to maintain their accounts in their functional currency and the group consoli… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I am trying to match QB Balance Sheet with tax return for a
I am trying to match QB Balance Sheet with tax return for a partnership. The client's BS has all income (1065 and K-1) combined. However, does it all go on the Sch L or is the Sch K-1 info moved to eq… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
Hello .. I am the new Bookkeeper and the last thing my predecessor
Hello .. I am the new Bookkeeper and the last thing my predecessor told me is that my Balance Sheet Balance should match my P&L Balance and it doesn't. How do I find out the entry error I made? I am u… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I am dissolving an S corp and the only shareholder. The end
I am dissolving an S corp and the only shareholder. The end of year balances are: Loan from shareholder 6000.00 Capital stock 1000.00 Paid in Capital 2000.00 Retained earnings (3000.00) Net Loss 6000.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
In the Tax Form 1120S does Ordinary Business Income(Loss) have
In the Tax Form 1120S does Ordinary Business Income(Loss) have to be equal to Net Profit (Loss) in Year End P&L statement? If not, then why?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
I need help allocating partnership distribution....there are
I need help allocating partnership distribution....there are three partnership (split equally). Equity -67,429.26 Owner 1 Distributions -2600.00 Owner 1 Capital 14,199.21 Owner 2 Distributions -2600.0… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,629 satisfied customers
On S-Corp books, would funds paid for state corporation taxes
On S-Corp books, would funds paid for state corporation taxes and net worth taxes be included in the corporation books or would they flow to the shareholder's loan account?… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,609 satisfied customers
A multi-currency company has serveral companies consolidated
A multi-currency company has serveral companies consolidated in their financial software, all owned by the same one owner. One of the "companies" is the owners personal accounts (including a trust). T… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,609 satisfied customers
Question for rgb02a, Accountant . Need help to calculate the
Attachment: 2012-10-19_073721_1-1-11.pdf Attachment: 2012-10-19_073744_1-1-12.pdf Attachment: 2012-10-19_073809_8-31-12.pdf Attachment: 2012-10-19_073826_12-31-10.pdf Attachment: 2012-10-19_073841_12-… read more
rgb02a
rgb02a
Chief Financial Officer
Bachelor's Degree
16 satisfied customers
I have a very specific query which requires a specific answer.
I have a very specific query which requires a specific answer. If a bank recognizes revenue on a time apportioned basis over the life of the mortgage and the mortgage rate is say 7% p.a. If the bank r… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,609 satisfied customers
credit card co gives $ up front and takes a percentage of daily
credit card co gives $ up front and takes a percentage of daily sales as pmt. Because interest is being paid is this considered a loan or is this considered a sale of cr cd sales with interest being c… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 satisfied customers
NPO question I just finished our P & L Statement and have
NPO question I just finished our P & L Statement and have a negative net Income.We are on a cash basis. This is my first year of being treasurer with no guidance. We have outstanding loans and purchas… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
Why dont the Net Ordinary Income amount on the P&L and the
Why don't the Net Ordinary Income amount on the P&L and the Net Income on Balance Sheet match? Both the P&L and Balance Sheet are FYE reports.… read more
JKCPA
JKCPA
CPA
Bachelor's Degree
844 satisfied customers
I am constucting a pro-forma P&L, BS & CF Stmt. The problem
I am constucting a pro-forma P&L, BS & CF Stmt. The problem is that, in my balance sheet, my prior period net income amount is what is causing the variance in my balance. I know I must be missing some… read more
Milan Vaishnav
Milan Vaishnav
Consulting Technical Analyst
Bachelor's Degree
536 satisfied customers
When someone asks you how large was your P & L responsib
When someone asks you how large was your P & L responsibility, what is the answer? Is it your sales? Or your expenses? Or your net profit? If someone wants to know how large the P & L I am responsible… read more
Milan Vaishnav
Milan Vaishnav
Consulting Technical Analyst
Bachelor's Degree
536 satisfied customers
BusinessTutor, Here is the second half can you please complete.
BusinessTutor, Here is the second half can you please complete. I am really pressed for time Next, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008 (cli… read more
Haider
Haider
Doing CAT
226 satisfied customers
How do I calculate an overhead rate and how do I apply that ...
How do I calculate an overhead rate and how do I apply that rate for determining profit/loss?… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,609 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x