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Manage customers and Income

Manage customers and Income

  • 1,632 Topics
  • 2,898 Replies
1632 Topics
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userinfo56
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DianeW001
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Can Quickbooks handle being Employee and self-employed?

  Thank you for this wonderful community, learning so much!I've started quickbooks as recommended by my accountant to streamline BAS reports.  This is my current employment situation Company A: Contractor (non-GST billing industry)Company B: Contractor (GST billing industry)Company B: Also part-time employeePart-time income through company B is taxed before deposit ie. with-held as you go by employer. My question is does quickbooks have the scope to handle my part-time income so the end of year tax is super easy?  Also, given my above arrangement, is this the right way to set rules for money coming in? When part-time salary comes in: Opening balance equity / Out of scopeWhen any personal income is transferred to my personal savings: Owners drawings / Out of scope Thank you in advance :) 

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