ve drawn money for yourself then this would be classed as drawings and so the nominal would be correct.
At the end of the year when you do the year end process the drawings nominal will be cleared down.
QuickFile treats drawings as a bank account to make it easier to log purchases paid for out of personal funds (you just mark them paid from the drawings bank account). What I personally do at year end is manually enter a transaction on the drawings bank account to return the balance to zero and tag that via “something else not on the list” to the drawings nominal in the “capital and reserves” section - I don’t know off hand which exact number that is in a sole trader account, I’m a partnership and I have separate drawing accounts in the 12xx range and capital accounts in the 31xx range for each partner.Shootin’ Pool
Oct05
This is the part where I solicit audience feedback and participation. If you don’t horribly dislike Bad Comics (sort through that labyrinth of double-negatives, why don’t you), I would like to keep presenting them because I’m having fun making them. […]↓ Read the rest of this entry…
3 CommentsA fireworks tip sheet
Every kid loves fireworks, right? In theory. Sometimes it's late, it's loud, and it's not so much fun. Then you just want to beat it home, only you might be stuck in downtown traffic. And that's when the real fireworks might begin....
That said, here's a list of fireworks shows with some activities that the kids might enjoy. And if you're braving the harbor show, look for my tips on that at the end.
--If the family's up for the big show in D.C., a friend suggests renting a kayak from Jack's Boathouse and watching on the Potomac. The web site indicates they have a few boats left.
--Robert likes the Fullerton fireworks located just off Belair Road at the athletic fields at Fullerton Elementary.
--Several parents enjoy taking their kids to the Baltimore Symphony Orchestra concert and fireworks at Oregon Ridge, partly because of the nice playground on the premises.
--Columbia hosts a Fourth of July festival on the Columbia lakefront from 5 p.m. to 10 p.m. with a children's area, food vendors and fireworks.
--Catonsville hosts a full day of events, including children’s games and races, live music, a parade, a pre-fireworks musical salute, color-guard tribute and fireworks. Events start at 9:30 a.m., and the fireworks show begins at 9:15 p.m. at Catonsville High School, 421 Bloomsbury Ave. Call 410-744-9655. Free.
--The Dundalk Heritage Fair is a 3-day festival with live entertainment, carnival rides, a rock-climbing wall, a beer garden, a fireworks display, arts and crafts for sale and more. Hours are noon-10 p.m. Friday through Sunday at Dundalk Heritage Park, 2700 Playfield St., Dundalk. Call 410-284-0591. $5. Free for children 12 and younger with adult.
--Another family hikes to the University of Maryland College Park, where you can take advantage of plentiful campus parking to see the fireworks.
And, if you're planning on braving the Inner Harbor fireworks....
(Photo by Candus Thomson)
1. Know someone with a deck and a parking place.
2. Consider getting there at the crack of dawn, and having a sleepover.
3. Can't sleep over? Bring pajamas and toothbrushes. The kids will have fun watching the fireworks in their jammies, and they can fall asleep in the car on the long ride home.
Got more suggestions/strategies? Please share.
Categories: Tip Sheet Thursdays
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