Bookkeeping & Write-up

Generally, payments of $600 or more to workers not treated as your employee, rent payments of $600 or more per year, prizes and awards of $600 or more, and Royalty payments of $10 or more per year.

A one-write system refers to a manual ledger. When you write out checks in a special ledger, a carbon impression of that check's information is made in the ledger. The check's information is then extended across in columns under various categories such as purchases, rent, postage, insurance, etc.