How to Manage A Business Credit Card Account In GnuCash

It is not uncommon to use a credit card for some of your business transactions after all a credit card account is like a short-term loan that comes in handy when you have a business, but then you .eventually have to pay back the money, often with interest.

Credit card transactions are a liability because it is money you owe. In GnuCash The purchases you make with a credit card are classified as expenses.

You have a couple of options when entering credit card transactions. The simplest method is to only track monthly payments to the credit card company.

This method only requires you have a checking account, a credit card liability account, and a credit card expense account.

The obvious limitation of this simple credit card setup is that you cannot see where your money is going. And since you are tracking business expenses you want to be as transparent as possible, when it comes down to your business expenses. If not for yourself for tax purposes.

In the following tutorial, you will learn how to manage a credit card account in GnuCash to keep track of all your business credit card expenditures.

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LibreOffice An Alternative to Microsoft Office

LibreOffice is a powerful and free office suite, used by millions of people around the world. Its clean interface and feature-rich tools help you unleash your creativity and enhance your productivity. LibreOffice is compatible with a wide range of document formats such as Microsoft® Word (.doc, .docx), Excel (.xls, .xlsx), PowerPoint (.ppt, .pptx) and Publisher. You can open your Microsoft document in LibreOffice.

But LibreOffice goes much further with its native support for a modern and open standard, the Open Document Format (ODF). With LibreOffice, you have maximum control over your data and content – and you can export your work in many different formats including PDF. LibreOffice includes several applications that make it the most versatile Free and Open Source office suite on the market:

Writer (word processing)

Writer has all the features you need from a modern, full-featured word processing and desktop publishing tool. It’s simple enough for a quick memo, but powerful enough to create complete books with contents, diagrams, indexes, and more. You’re free to concentrate on your message, while Writer makes it look great.

Calc (spreadsheets)

Calc is the free spreadsheet program you’ve always needed. Newcomers find it intuitive and easy to learn, while professional data miners and number crunchers appreciate the comprehensive range of advanced functions. Built-in wizards guide you through choosing and using a comprehensive range of advanced features. Or you can download templates from the LibreOffice template repository, for ready-made spreadsheet solutions.

Impress (presentations)

In Impress, creating and editing slides is very versatile thanks to different editing and view modes: Normal (for general editing), Outline (for organizing and outlining your text content), Notes (for viewing and editing the notes attached to a slide), Handout (for producing paper-based material), and Slide Sorter (for a thumbnail sheet view that lets you quickly locate and order your slides).

Draw (vector graphics and flowcharts),

Draw lets you produce anything from a quick sketch to a complex plan, and gives you the means to communicate with graphics and diagrams. With a maximum page size of 300cm by 300cm, Draw is an excellent package for producing technical drawings, brochures, posters, and many other documents. Draw lets you manipulate graphical objects, group them, crop them, use objects in 3D, and much more.

Base (databases)

Base is a full-featured desktop database front end, designed to meet the needs of a broad array of users. Base caters to power users and enterprise requirements, providing native-support drivers for some of the most widely employed multi-user database engines: MySQL/MariaDB, Adabas D, MS Access, and PostgreSQL. In addition, the built-in support for JDBC- and ODBC-standard drivers allows you to connect to virtually any other existing database engine as well.

Math (formula editing)

Math is LibreOffice’s formula editor and can be invoked in your text documents, spreadsheets, presentations, and drawings, enabling you to insert perfectly formatted mathematical and scientific formulas. Your formulas can include a wide range of elements, from fractions, terms with exponents and indices, integrals, and mathematical functions, to inequalities, systems of equations, and matrices.

You can start Math either as a stand-alone application directly from the LibreOffice Start Center or directly from within other LibreOffice applications such as Writer, Calc, Impress and Draw.

Charts

LibreOffice includes the ability to create and embed charts. Their style, color, and size can be customized in a broad variety of ways – pie charts, square and round columns, trend graphs, dots, 2D and 3D charts, and so much more..

Download the program

Is selling your handmade goods online a hobby or business?

In making the distinction between a hobby or business activity, take into account all facts and circumstances with respect to the activity. A hobby activity is an activity not done for profit. This includes activities done mainly for sport, recreation, or pleasure. No one factor alone is decisive. You must generally consider these factors in determining whether an activity is a business engaged in making a profit:

  • Whether you carry on the activity in a businesslike manner and maintain complete and accurate books and records.
  • Whether you have personal motives in carrying on the activity.
  • Whether the time and effort you put into the activity indicate you intend to make it profitable.
  • Whether you depend on income from the activity for your livelihood.
  • Whether your losses are due to circumstances beyond your control (or are normal in the startup phase of your type of business).
  • Whether you or your advisors have the knowledge needed to carry on the activity as a successful business.
  • Whether you were successful in making a profit in similar activities in the past.
  • Whether the activity makes a profit in some years and how much profit it makes.
  • Whether you can expect to make a future profit from the appreciation of the assets used in the activity.

Free Applications you can Use to Build Websites

The internet is filled with free applications you can use to build a professional website. WordPress by far is the choice of newbies and seasoned developers as well. But, there are many other free applications that have been around for a long time and some new arrivals that developers use to set up dynamic websites on the Internet.

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Career One Stop 

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State Job Banks

About: State Job Banks. In-state employers can post jobs free to their respective state’s Workforce Agency web site. Registration, validation process and job posting time frames may vary by state. Search your state to locate job openings in your area. 

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Indeed

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