video1.0<iframe src="https://www.loom.com/embed/9775811960ad47d7ada89007d8169d90" frameborder="0" width="1110" height="832" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>8321110Loomhttps://www.loom.com8321110https://cdn.loom.com/sessions/thumbnails/9775811960ad47d7ada89007d8169d90-e5503aca2c04bb07.gif130.246In this video, I walk you through the process of importing a bank statement transaction and categorizing it as income. We received a credit of $140,000 from Nello Labs for the month of September, and I calculated the federal and state taxes owed, which total $18,000. I also demonstrated how these figures impact our liabilities and balance sheet. Please ensure you review the income and tax entries in your records. Let’s keep our financials accurate and up to date!