Smaller establishments with small-volume transactions would be more likely to use a cash method. Larger business with greater transactions would be more likely to use the accrual method.
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I starting a charter business last July. I did last years taxes as a sole proprietorship. I started an S Corp March 1st and bought Quicken. What’s the best way to enter expenses and my funds put into the company prior to the start date of the S corp.?
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Easiest way to maintain your receipts and
disbursement use register option in Quicken.