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Hi there, I have a photography business and require a deposit to secure bookings. If cancellation is made after the cancellation period, the deposit is forfeited. Deposits are originally loaded as a liability, however, I am unsure how to record the forfeited deposit so that it does not show as a liability. Any help would be greatly appreciated. Thanks in advance.
My employee's pay has been returned and we then had to pay it back through again. How should I account for this in the bank reconciliations etc?
My ATO lodgement is not working. It keeps trying to load at the 'Pay run submitted to ATO' section :( as a result I'm behind in my lodgements
Testing Lithium SMM
I asked what Category to Put Security Monitoring under and could not reply to the chat session?
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