Recent content by Archangel

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    Accounting for PayPal transactions

    Thanks for the prompt reply. Much appreciated.
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    Accounting for PayPal transactions

    I sell products via PayPal. When entering the transactions in my books (MYOB), should I enter the receipt to the undeposited funds account, then manually transfer it to my PayPal account with the PayPal fee offset? Or is it OK to have the receipt go straight in to the PayPal account and then...
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    Accounting for sponsorship fees received

    My company puts on events that at times receives sponsorship money from a corporate business. How would I enter this into my books? (I use MYOB) I invoiced them upon receiving a PO, and they have since paid the invoice. Is it simply a case of assigning the sale to an income account? I have...
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    Hi UKBF

    Thanks for the warm welcome.
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    Multiple Trading Names

    That's the thing though. As a sole trader, having multiple trading names means having to do accounts/file tax returns for each name you're trading under. All of my work (merch retail/events/agency - I also act as an agent for a beatboxer agency which I currently bill through Fr-Shh...) is in...
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    Hi UKBF

    Hi everyone. My name is Jim. I'm a sole trader dealing in all things beatbox. (If you're not sure what beatboxing is, check out my site humanbeatbox.com). You'll quickly discover it's a persuit of youth, but it's an interesting artform, and I take great pride in doing my bit to build a...
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    Multiple Trading Names

    Hi, my name is Jim. Soz to drag up an old topic. I'm in the same boat, and would like some opinions. I am a sole trader trading under the name Fr-Shh (pronounced fresh). It's an online retail store for beatboxing merchandise. I've been trading under that name for 2 years now. I...
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