2 Equity Method - Using Draws Accounts To Categorize Personal Tax Items

QuickBooks Desktop Pro-Personal Tax Tracking Tricks Equity Method - Using Draws Accounts To Categorize Personal Tax Items
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Transcript

Within the equity method using the drawers accounts to categorize that personal tax items section of the course we will go over one of our two methods for tracking personal tax items in our business QuickBooks account, we will provide step by step example problems and backup files that can be used to jump forward or rework any of the items as we go through them. Our strategy will be to use the drawers accounts to categorize the types of costs that we have that are going to be personal in nature so that we can then track them, provide reports for them, yet not mess up the data or distort the data that we would be reporting on the business side mainly in the income statement to report the profit and loss from the business.

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