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Turbotax Business 2023 - Credit Card balance entry and Balance sheet
While filling out the "Enter Your Liabilities and Capital" page -
I'm using Cash-based accounting for an online retail business
-Which line do I enter my credit card balance in?
-Do I enter it as a positive or a negative number?
-Currently if my cash+inventory in "Enter Your Assets" = X,
and I enter CC balance = Y as positive number,
Turbotax shows "total for liabilities and capilat equals X+Y"... How can that be right?
Topics:
‎February 24, 2024
12:18 PM