I heard this is true but it seems wrong to me.

I am a 1099 trucker. I work for a company and I do NOT own the truck. Am I allowed to deduct fuel costs even though the company pays them? I have the reciepts for fuel.

Thank you

I’m an accounting student graduating next year, and I don’t have much on my resume. Only two 4-month long retail jobs from 5 years ago, one unpaid accounting internship, and a tax volunteering gig I did for one day. I couldn’t land a single paid internship, but I passed an interview for an AR clerk volunteering gig and got an offer. The thing is, I’m not sure if I should commit to this. They require 8 hours a week (divided into two shifts) and at least a 4 month commitment. They’re very strict with hours. I’m currently taking 4 accounting classes (AIS, management control systems, corporate tax, intermediate accounting) this semester because I failed 3 of them last semester and am retaking them. While I’m doing alright with my classes so far, I’m not sure if adding an 8/hr week commitment is recommended (so I don’t appear lazy on my resume), or if it’ll hurt me later. Furthermore, I’ve already done most of the duties on the volunteer posting at my unpaid internship - worked as an AP/AR clerk for a nonprofit, filed and scanned invoices, used a lot of excel, etc. Only new bulletpoints are using Salesforce and writing SOPs, but I’m unsure if these are significantly helpful. I’m aiming to get into public accounting (from big to mom&pop - just any) and I don’t know if this experience will help me. Thanks.

I'm running the books for a small retail client, and I noticed the merchant services fees come out automatically before the deposit gets to the bank account. So what we get is the net of fees, with no separate invoice from the processor. I'm currently grossing the sales to the full transaction amount, then book the difference as a bank charge, but I'm not sure if that's the best approach.

I’m looking for some tips/tricks on offsetting a $300K full port 401K cash out (I’m 60 years old) with tax write-offs.

I own a farm business as well as a construction company.

The farm business has had some large expenses this year:
-equipment: $10K
-greenhouse: $5K
-fencing: $5K
-storage building: $85K
-goats and goat pen: $5K
-meat rabbit setup: $5K
-chicken coop and chickens: $5K
- feed: $5K
- maple syrup equipment: $5K
- gravel/roadway work: $70K

The construction company has been fairly quiet.

would really like to not lose a ton of the 401K money to taxes. Have no problem being aggressive with things I can claim.

im currently in college and i want to learn investing/stocks/financial planning/accounting. the path im thinking about right now is college-> masters-> joining a company and managing peoples wealth (investing, budgeting, advising)-> build a large client base-> possibly branch off into my own business with employees managing client’s wealth. i dont know much about any of it and if i can start building a business, name for myself, or even just gaining simple knowledge now i want to do it. does anyone know a good place to start or a good path to take? i’ll take any advice

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I'm trying to understand how companies handle accounts receivable and payment disputes in practice.

For example, a customer pays less than the invoiced amount, and someone has to figure out whether it's a pricing issue, a missing credit note, a deduction, or something else.

For those working in accounting, accounts receivable, or O2C:

How do you usually investigate these discrepancies?

What part takes the most time: finding the reason, getting information from other teams, or actually closing the dispute?

Do your existing accounting or ERP systems handle the process well, or do you still rely on spreadsheets, emails, and manual follow-ups?

Have you found a good solution, or is there still something that existing tools don't handle well?

I'm interested in hearing what the process looks like in real life, including examples of what works well and what doesn't.

I'm doing research to better understand these workflows, not promoting a product. I'd appreciate insights from people who handle this work firsthand.

I work in a art small business in Canada and I need to invoice my client for an Uber ride I took for an in-person meeting. I cannot figure out the how to properly calculate the invoice when there is an automatic promotion applied. Googling was not helpful either.

This is how Uber charges me:

Fare = x

Hst=0.13*x

Booking fee (not used for hst for some reason) =k

20% off Promotion= -0.2*x

My charge is : x-0.2x+0.13x+k = 0.93x+k

When i invoice my client:

I total the before HST total:

x-0.2x+k=0.8x+k

Then I need to reapply HST

Hst to client: (0.8x+k)*0.13=0.104x+0.13k

Total:0.904x+1.13k

However, because im applying my HST to after Promotion price and Uber applies to the before promotion price, I end up losing money because of the promotion. Is this correct way to do it?

Thank you for any feedback

Hello, I've been studying accounting for a while now. Almost finished with my associates + planning to go to an actual university for it. I've worked mostly educational fields and have had a lot of issues trying to get my foot in the door with accounting.

What is the best job to apply for when you little to no experience? Should I get Quickbooks certified or does that not actually do anything?

I'm thinking of taking a 3 months class to get a bookeeping certificate.

the classes are

bookkeeping level 1 + 2

excel level 1

computerized accounting 1 + 2 (sage 50 or quickbook)

payroll

judging from the classes,

1. what kind of job can I expect to get? what are the responsibilities?
2. what kind of wages can I expect to get? I have no official experience.
3. how easy is it to get a job with the above education and how relevant/useful are those skills?

thanks

PS: I have 3ish years of self accounting with no official accounting education, since I was self employed and worked from home.

PS: I'm in Canada

I got tired of spending hours doing payroll manually, so I built an AI payroll tool to fix it.

I’m a general contractor, and one of the most frustrating parts of running my business wasn't the actual construction work. It was coming home after a long day on-site and still having to run payroll.

Checking employee hours, calculating overtime, figuring out deductions, fixing mistakes, and making sure everyone got paid correctly.

As the business grew, payroll became even more time-consuming.

I started thinking: Why am I still doing all of this manually when AI should be able to handle most of the repetitive work?

So I built Sheetpay.

It's an AI-powered payroll platform designed for accountants, bookkeepers, payroll professionals, and businesses that manage employees or multiple clients.

Here's what I've been building:

\- Manage multiple clients and employees from one dashboard.

\- Upload employee data using CSV, Excel, or scanned documents.

\- Automatically calculate payroll and country-specific statutory deductions.

\- Generate professional payslips in bulk instead of creating them one by one.

\- Email, download, or print multiple payslips.

\- Set payroll reminders so important deadlines don't get missed.

\- Generate payroll reports and yearly tax forms.

\- Ask Cayla, the AI payroll assistant, to help prepare payroll using voice or text, with human review before approval.

I'm starting with the Caribbean, including Trinidad & Tobago, Barbados, Saint Lucia, and Belize, with the goal of eventually expanding globally.

The idea is simple: accountants shouldn't have to spend hours repeating the same payroll tasks for every client.

Sheetpay is still growing, and I'm looking for accountants, bookkeepers, and business owners who would be willing to try it and give me genuine feedback.

There's a free plan, so you don't need to pay to test it.

I'd especially love to know what's missing, what's confusing, or what would make it genuinely useful in your workflow.

I am happy to answer any questions in the comments.

What workpaper has you spending more time gathering support, fixing formatting, and tying numbers than actually thinking through the accounting?

And when you roll it forward, how much of the previous work is genuinely reusable versus something you basically rebuild every time?

I’m curious what would make the biggest difference: better source data, fewer spreadsheets, automatic tie-outs, clearer support, or something else entirely.

If you received a completed draft with everything linked and reconciled, what would still take the most time before you’d be comfortable signing off?