About this episode
Send us a text message! But please include your email or a way to get in touch with you. This feature is not two way! How should businesses handle large budget deposits in their bookkeeping and tax reporting? Our resident Bookkeeping Mensch, Paul Rosenblum, walks us through three different accounting approaches, focusing on whether to report these deposits as revenue or only include management fees. Understanding these choices is crucial for business owners, bookkeepers, and accountants to ensure accurate financial reporting and strategic decision-making. And remember—bad bookkeeping is like a broken pencil… pointless!Support the show? Read about the podcast: Why an Indie Accounting Podcast Is Not Boring! https://vocal.media/trader/why-an-indie-accounting-podcast-is-not-boring ? Leave a voice message for Paul: https://www.speakpipe.com/PaulRosenblumPodcast ? Send him a text message (remember to include your contact info) https://www.buzzsprout.com/twilio/text_messages/2188873/open_sms? Producer Steph: https://www.coffeelikemedia.com/? Website: https://bookkeepermensch.com ? Music: SourceAudio: https://www.sourceaudio.com/ ? Sound effects: https://freesound.org/people/metalfortress/sounds/611788/ ? Email: Bookkeepermensch@gmail.com
