Please bear with me for I am anything but accounting saavy but rather a humble programmer. I have been asked to produce a report from our Great Plains Data and I can’t seem to find what/where it is in the database. We are using the most recent eEnterprise version with the data hosted on our SQL 2000 server. The report seems simple enough but I am lost. The report is: For Balance Sheet accounts: Current Period Dollars Prior Period Dollars Current Period Budget Last Period Budget Last Year Current Period Last Year Prior Period For Profit/Loss accounts Current Period Dollars Current YTD Current Period BudgetBudget YTD Last Year Current Period Last Year YTD Is that anyone that can suggest a starting point? Thanks
Great Plains should have a data dictonary in its tech reference manual. That should tell you were all the fields are. Bill Couture http:\www.sbtbill.com
George, You are best off using FRx the financial reporting engine for Great Plains. It is not that hard to use. Regards HS
– Hide quoted text — Show quoted text – Please bear with me for I am anything but accounting saavy but rather a humble programmer. I have been asked to produce a report from our Great Plains Data and I can’t seem to find what/where it is in the database. We are using the most recent eEnterprise version with the data hosted on our SQL 2000 server. The report seems simple enough but I am lost. The report is: For Balance Sheet accounts: Current Period Dollars Prior Period Dollars Current Period Budget Last Period Budget Last Year Current Period Last Year Prior Period For Profit/Loss accounts Current Period Dollars Current YTD Current Period BudgetBudget YTD Last Year Current Period Last Year YTD Is that anyone that can suggest a starting point? Thanks
FRx that sounds like VFP which use FRX as it’s extension for 1/2 of report files. I know that you used to be able to access GP with VFP but haven’t keep up on the function. Bill Couture
Can anyone explain in very simple terms what Activity Based Costing (ABC) is and how is differs from Absorption Costing. I really need some help on this and a jargon free explaination would be great. Also if anyone knows anywhere on the Net that I can get additional info from the web address would be brilliant Thanks Latenitejazz
Can anyone explain in very simple terms what Activity Based Costing (ABC) is and how is differs from Absorption Costing. I really need some help on this and a jargon free explaination would be great.
Let me start with absorption costing. Absorption costing is used when reporting externally and is the method used to assign both fixed and variable manufacturing costs to products. Activity Based Costing focuses on the activities of a company as a cost. In essence these activities are building blocks for costs which are linked to the activities through ABC. ABC helps to reduce inaccuracies of allocated bases that are not cost drivers. Cost drivers are the main factors which cause costs. Let me put it to you another way absorption Costing is the noun and Activity Based Costing is the verb. What I mean is absorption costing is used on what you already have and ABC is used on what you are planning to do. ABSORPTION COSTING: Direct Materials, Fixed manufacturing overhead,… ACTIVITY BASED COSTING: Materials purchasing, Production scheduling, Warranty services. Also if anyone knows anywhere on the Net that I can get additional info from the web address would be brilliant
http://internalaccounting.com/article13.htm this one is about absorption costing www.pitt.edu/~roztocki/abc/abctutor/ this one is about ABC hope this will help Thanks Latenitejazz
Your welcome Janice
- Hide quoted text — Show quoted text – Can anyone explain in very simple terms what Activity Based Costing (ABC) is and how is differs from Absorption Costing. I really need some help on this and a jargon free explaination would be great. Let me start with absorption costing. Absorption costing is used when reporting externally and is the method used to assign both fixed and variable manufacturing costs to products. Activity Based Costing focuses on the activities of a company as a cost. In essence these activities are building blocks for costs which are linked to the activities through ABC. ABC helps to reduce inaccuracies of allocated bases that are not cost drivers. Cost drivers are the main factors which cause costs. Let me put it to you another way absorption Costing is the noun and Activity Based Costing is the verb. What I mean is absorption costing is used on what you already have and ABC is used on what you are planning to do. ABSORPTION COSTING: Direct Materials, Fixed manufacturing overhead,… ACTIVITY BASED COSTING: Materials purchasing, Production scheduling, Warranty services. Also if anyone knows anywhere on the Net that I can get additional info from the web address would be brilliant http://internalaccounting.com/article13.htm this one is about absorption costing www.pitt.edu/~roztocki/abc/abctutor/ this one is about ABC hope this will help
interesting links, — I will only add that "absorption costing" is also used internally in a manufacturing company because you don’t want surprises at year end from the added "costs" to inventory in the financial statements.
Can anyone explain in very simple terms what Activity Based Costing (ABC) is and how is differs from Absorption Costing. I really need some help on this and a jargon free explaination would be great.
You kind of have apples and oranges here, ABC and absorption costing can both be present. In Absorption Costing, as opposed to Variable Costing, the fixed portion of overhead is allocated to inventory and CGS as opposed to appearing in full as a current period expense. Variable costing is not GAAP, and it is not acceptable for tax purposes, so the only time you would see it is in internal reporting. Barfield et. al’s Cost Accounting has a pretty good discussion of this, with some exercises in which you construct P & L’s under Variable and Absorption Costing. Doing a few of those is the best way to soldify understanding. ABC is a method of overhead allocation that separates costs into multiple pools and assigns the costs to products using a predetermined rate based upon cost drivers. For example, you might allocate QC costs based on the number of runs or batches. This is as opposed to allocation methods that simply allocate all costs based using a predetermined rate per unit. ABC should give you more accurate costing data. Also if anyone knows anywhere on the Net that I can get additional info from the web address would be brilliant Thanks Latenitejazz
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Hi, I’m doing a cost-volume-profit analysis for a fictional business as part of my first year accounting studies. The text and the tutor’s notes are a little unclear on a particular matter. In calculating the fixed costs for this business do I include the $2000 a month the owner intends to draw from the business for his personal use? The business has already budgeted a certain amount for salaries and the $2000 is in addition to this amount. Would this be classed as a salary (fixed cost) or should it be left out of the equation altogether. Thanks in advance.
Hi, I’m doing a cost-volume-profit analysis for a fictional business as part of my first year accounting studies. The text and the tutor’s notes are a little unclear on a particular matter. In calculating the fixed costs for this business do I include the $2000 a month the owner intends to draw from the business for his personal use? The business has already budgeted a certain amount for salaries and the $2000 is in addition to this amount. Would this be classed as a salary (fixed cost) or should it be left out of the equation altogether. Thanks in advance.
include it in fixed costs
Hi, I’m doing a cost-volume-profit analysis for a fictional business as part of my first year accounting studies. The text and the tutor’s notes are a little unclear on a particular matter. In calculating the fixed costs for this business do I include the $2000 a month the owner intends to draw from the business for his personal use? The business has already budgeted a certain amount for salaries and the $2000 is in addition to this amount. Would this be classed as a salary (fixed cost) or should it be left out of the equation altogether. Thanks in advance.
I beg to differ with John slightly. If it’s a salary for work done, as an employee of the business and at a reasonable level, it’s a fixed cost. Ditto if it’s rent. If it’s anything over that it’s a drawing out of profit. The point to consider is the word ‘fixed’. If he ceases working for the business, then somebody else has to do that work for an equivalent amount. Hence it’s a fixed cost to the business – it can’t do without it. The proprietor doesn’t have to draw out excess amounts (unless he’s broke!), so that’s not a fixed cost to the business. So, with two different answers you may have preferred not to have asked the question in the first place. Sorry about that! Regards Mike
I agree with Mike on this one. Depends on the treatment of the director’s drawing, if it is P/L item or not…… – Hide quoted text — Show quoted text – Hi, I’m doing a cost-volume-profit analysis for a fictional business as part of my first year accounting studies. The text and the tutor’s notes are a little unclear on a particular matter. In calculating the fixed costs for this business do I include the $2000 a month the owner intends to draw from the business for his personal use? The business has already budgeted a certain amount for salaries and the $2000 is in addition to this amount. Would this be classed as a salary (fixed cost) or should it be left out of the equation altogether. Thanks in advance. I beg to differ with John slightly. If it’s a salary for work done, as an employee of the business and at a reasonable level, it’s a fixed cost. Ditto if it’s rent. If it’s anything over that it’s a drawing out of profit. The point to consider is the word ‘fixed’. If he ceases working for the business, then somebody else has to do that work for an equivalent amount. Hence it’s a fixed cost to the business – it can’t do without it. The proprietor doesn’t have to draw out excess amounts (unless he’s broke!), so that’s not a fixed cost to the business. So, with two different answers you may have preferred not to have asked the question in the first place. Sorry about that! Regards Mike
It sounds to me like the $2000/mth is a direct drawing on capital and wouldn’t be deemed an expense. Personally I would regard this as a red herring and document an assumption that this is irrelevant to the cost-volume-profit analysis as it’s in addition to budgeted salaries. As Mike says below, even if the drawing is personally necessary for the proprietor, it’s unnecessary for the business. Even though there may be a legal relationship between the proprietor and the business, the GAAP Entity convention assumes that they are completely separate from an accounting perspective. Hope this helps. Regards, Ian. – Hide quoted text — Show quoted text – I agree with Mike on this one. Depends on the treatment of the director’s drawing, if it is P/L item or not…… Hi, I’m doing a cost-volume-profit analysis for a fictional business as part of my first year accounting studies. The text and the tutor’s notes are a little unclear on a particular matter. In calculating the fixed costs for this business do I include the $2000 a month the owner intends to draw from the business for his personal use? The business has already budgeted a certain amount for salaries and the $2000 is in addition to this amount. Would this be classed as a salary (fixed cost) or should it be left out of the equation altogether. Thanks in advance. I beg to differ with John slightly. If it’s a salary for work done, as an employee of the business and at a reasonable level, it’s a fixed cost. Ditto if it’s rent. If it’s anything over that it’s a drawing out of profit. The point to consider is the word ‘fixed’. If he ceases working for the business, then somebody else has to do that work for an equivalent amount. Hence it’s a fixed cost to the business – it can’t do without it. The proprietor doesn’t have to draw out excess amounts (unless he’s broke!), so that’s not a fixed cost to the business. So, with two different answers you may have preferred not to have asked the question in the first place. Sorry about that! Regards Mike
I saw this in a news release: "The war against terrorism is a war of accountants and auditors, as well as a war of weaponry and soldiers," Ashcroft said. "Today’s charges against a senior leader of Hamas are the latest in an aggressive campaign to identify, disrupt and destroy the sources of funding that make terrorism possible."
This posture may have something to do with Ashcroft’s personal history. In the late 1960’s he requested and somehow obtained an occupational deferment from the draft because his occupation was "critical." His critcical occupation was teaching business law at Southwest Missouri State University. Fewer than 1% of those registered were granted occupational deferments. Al
Yours truly has severe doubts that accountants and auditors could maintain professional independence and objectively in the working environment Mr. Ashcroft envisages. A. Lucien Meyers, CIA, CMA — If you receive this by error, please delete it and inform the sender. PGP key fingerprint=F1C0 D9AE 1B18 1405 4DFA B4CC 6DC7 FF78 C76E FB15 To Big Brother Echelon from "spook": World Trade Center White House terrorist munitions supercomputer Kennedy
Yours truly has severe doubts that accountants and auditors could maintain professional independence and objectively in the working environment Mr. Ashcroft envisages. A. Lucien Meyers, CIA, CMA
If you want to expand that a bit, I am sure you could go a long way with it. — * Ronald Lee Todd M.B.A., C.P.A. * * Unemployed for six years, mistake of being an accountant. * * Students, when someone tells you of your great future as * * an accountant, ask him to show you the job. *
– Hide quoted text — Show quoted text – I saw this in a news release: "The war against terrorism is a war of accountants and auditors, as well as a war of weaponry and soldiers," Ashcroft said. "Today’s charges against a senior leader of Hamas are the latest in an aggressive campaign to identify, disrupt and destroy the sources of funding that make terrorism possible. If the bombs don’t get you, Saddam, the auditors will. I will be interested in hearing the reactions of other accountants. Do we want the public to view accountants as associated and connected with federal agencies? Todd Boyle CPA 9745-128th Ave NE Kirkland WA International Accounting Services, LLC www.gldialtone.com 425-827-3107 editor, AR/AP everywhere www.arapxml.net
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I saw this in a news release: "The war against terrorism is a war of accountants and auditors, as well as a war of weaponry and soldiers," Ashcroft said. "Today’s charges against a senior leader of Hamas are the latest in an aggressive campaign to identify, disrupt and destroy the sources of funding that make terrorism possible. If the bombs don’t get you, Saddam, the auditors will.
I saw this in a news release: "The war against terrorism is a war of accountants and auditors, as well as a war of weaponry and soldiers," Ashcroft said. "Today’s charges against a senior leader of Hamas are the latest in an aggressive campaign to identify, disrupt and destroy the sources of funding that make terrorism possible. If the bombs don’t get you, Saddam, the auditors will.
Rule 1: Follow the money. — * Ronald Lee Todd M.B.A., C.P.A. * * Unemployed for six years, mistake of being an accountant. * * Students, when someone tells you of your great future as * * an accountant, ask him to show you the job. *
I saw this in a news release: "The war against terrorism is a war of accountants and auditors, as well as a war of weaponry and soldiers," Ashcroft said. "Today’s charges against a senior leader of Hamas are the latest in an aggressive campaign to identify, disrupt and destroy the sources of funding that make terrorism possible. If the bombs don’t get you, Saddam, the auditors will.
I will be interested in hearing the reactions of other accountants. Do we want the public to view accountants as associated and connected with federal agencies? Todd Boyle CPA 9745-128th Ave NE Kirkland WA International Accounting Services, LLC www.gldialtone.com 425-827-3107 editor, AR/AP everywhere www.arapxml.net
I will be interested in hearing the reactions of other accountants. Do we want the public to view accountants as associated and connected with federal agencies?
Too late. Accountants have long been associated with the IRS, whether deservedly or not. I think of the FBI as well. — Todd Stephens
I will be interested in hearing the reactions of other accountants. Do we want the public to view accountants as associated and connected with federal agencies? Too late. Accountants have long been associated with the IRS, whether deservedly or not. I think of the FBI as well. — Todd Stephens
Please don’t forget the U.S. General Accounting Office, the Federal Inspectors General, U.S. Customs Service, and the Department of the Treasury over an above the I.R.S. — * Ronald Lee Todd M.B.A., C.P.A. * * Unemployed for six years, mistake of being an accountant. * * Students, when someone tells you of your great future as * * an accountant, ask him to show you the job. *
Scrambles should never be handicapped anyway. The do-overs that the team gets make up for any handicap differential between teams.
Agreed. Handicapping scrambles does not make sense. Scrambles are for office golf outings where you want to minimize differences in the score. High handicap teams can do almost as well as low handicap teams.
If your arms don’t fall off. A famous sucker bet is to give your opponent infinite do-overs. He starts great, but along about 14 the arms start to get tired.
I’ve wondered about that bet. How many people here have played 36 holes in a day? Did your arms fall off? How many people play with Mulligans all the time? How many people hit a bucket of balls before they start playing? Dropping off 36 putts (they aren’t tiring), a double bogie player swings 72 times per round. Maybe 60 of those are full swings. If I play 4 scramble with myself, that can be 240 full swings – but if I am worried about getting tired, I putt my drive after I have one on the fairway. If I do that I have maybe 120 full swings. That’s a couple of buckets of balls, with rests in between. Maybe that sucker bet is an urban legend.
– Hide quoted text — Show quoted text – They shot 69 gross for a 37 net. You’re right about a scramble being different than a regular round of golf. So their handicap was 32??? What is the handicap system you use? In Australia, we play as follows: 4-person scramble: one-eighth of the combined 3-person scramble: one-sixth of the combined 2-person scramble: one-quarter of the combined So even a team of four 36-handicappers would only have a team handicap of 18. Also, we normally play it so you have to take a minimum number of drives from each player (usually 3 for a 4-person, 4 for a 3-person, and 6 for a 2-person). That means you can’t just take the drive of the lowest-handicap player all the time. 
I played in a two-person scramble at my club yesterday. We had a handicap of (10 + 20)/4 = 7.5. We parred the course (33 + 37 = 70), and with our 62.5 nett finished second … pipped by two strokes. The winners had a 68 gross for a 60.5 nett off the same handicap.
They gave 100% of the lowest persons handicapp. This the only tournament I’ve ever seen it done in. Bryan
Also, we normally play it so you have to take a minimum number of drives from each player (usually 3 for a 4-person, 4 for a 3-person, and 6 for a 2-person). That means you can’t just take the drive of the lowest-handicap player all the time.
It’s not hard to find an acceptable drive from all of the high handicappers, especially if the high handicap player is long and wild as opposed to short and straight. It’s harder in four man scramble where each player needs to count a drive on each 9 holes. But that’s the way I have played – and scores are around par with player(s) worse than I am on the team.
They shot 69 gross for a 37 net. You’re right about a scramble being different than a regular round of golf.
So their handicap was 32??? What is the handicap system you use? In Australia, we play as follows: 4-person scramble: one-eighth of the combined 3-person scramble: one-sixth of the combined 2-person scramble: one-quarter of the combined So even a team of four 36-handicappers would only have a team handicap of 18. Also, we normally play it so you have to take a minimum number of drives from each player (usually 3 for a 4-person, 4 for a 3-person, and 6 for a 2-person). That means you can’t just take the drive of the lowest-handicap player all the time. I played in a two-person scramble at my club yesterday. We had a handicap of (10 + 20)/4 = 7.5. We parred the course (33 + 37 = 70), and with our 62.5 nett finished second … pipped by two strokes. The winners had a 68 gross for a 60.5 nett off the same handicap. — Cheers Colin Wilson RSG Roll Call: http://rec-sport-golf.com/members/?rollcall=wilsonc Trentham Golf Club: http://www.trenthamgolf.com
– Hide quoted text — Show quoted text – Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone. I assume they shot 37 and not 69 as you posted. Anyway, it doesn’t surprise me. Remember that their handicaps aren’t determined in a scramble. A scramble is a whole different beast. Put 4 hacks together in a scramble and they can still shoot around even par. Then give them 1-2 shots per hole and there ya go.
They shot 69 gross for a 37 net. You’re right about a scramble being different than a regular round of golf. They could have been 4 good scramblers. It was still the lowest net score I’ve ever seen and hard to believe. It’s like seeing Randy & Felicity on a date, George and Gregg shaking hands, Mike Dalecki buying a name brand club, Bartlo saying anything smart, you not winning RSG Atlanta this year (oops, that happened didn’t it)! :-) Sorry for the bad mental image Randy….. Bryan RSG Roll Call http://www.rec-sport-golf.com/members/?rollcall=bergusonb
I find it interesting that everyone is having fits over the net 37, while the original poster said their low handicap was 11, and his team shot a gross *61*, net 50. So his team was 10 or 11 under par, gross ,while the winning team was only 2 or 3. Scrambles should never be handicapped anyway. The do-overs that the team gets make up for any handicap differential between teams. R
This event they paid 1st, 2nd, 3rd place for net & gross. I don’t have any problem with this, I just found 37 net hard to believe. This won’t stop me from playing next year. It’s a great course and they put on a super dinner afterwards. Lots of fun! Bryan RSG Roll Call http://www.rec-sport-golf.com/members/?rollcall=bergusonb
If your arms don’t fall off. A famous sucker bet is to give your opponent infinite do-overs. He starts great, but along about 14 the arms start to get tired.
– Hide quoted text — Show quoted text – If I played 4 man scramble with myself as all four players, I wouldn’t be surprised at all to play around par – and have a 37 net. Just give me 4 opportunities for every shot and I will play pretty well. My good shots are good enough – it’s my bad shots that make me a bad player.
I would hope that it was just an accounting mistake — because a net 37 is clearly sandbagging. 32 handicaps would have trouble breaking 90 in a scramble.
Why would they? Most high-handicappers blow up on one or more holes (hence the need for ESC). A scramble is the perfect format for them. Now if you say they’ll be lucky to break 90 in a best-ball, I might agree. But even a 110-shooter hits a few good ones along the way.
I find it interesting that everyone is having fits over the net 37, while the original poster said their low handicap was 11, and his team shot a gross *61*, net 50. So his team was 10 or 11 under par, gross ,while the winning team was only 2 or 3. Scrambles should never be handicapped anyway. The do-overs that the team gets make up for any handicap differential between teams. R – Hide quoted text — Show quoted text – I would hope that it was just an accounting mistake — because a net 37 is clearly sandbagging. 32 handicaps would have trouble breaking 90 in a scramble. Why would they? Most high-handicappers blow up on one or more holes (hence the need for ESC). A scramble is the perfect format for them. Now if you say they’ll be lucky to break 90 in a best-ball, I might agree. But even a 110-shooter hits a few good ones along the way.
Which is it? Off the meds or Mommy doesn’t have a password on her computer
Wow.
Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone.
I assume they shot 37 and not 69 as you posted. Anyway, it doesn’t surprise me. Remember that their handicaps aren’t determined in a scramble. A scramble is a whole different beast. Put 4 hacks together in a scramble and they can still shoot around even par. Then give them 1-2 shots per hole and there ya go.
If I played 4 man scramble with myself as all four players, I wouldn’t be surprised at all to play around par – and have a 37 net. Just give me 4 opportunities for every shot and I will play pretty well. My good shots are good enough – it’s my bad shots that make me a bad player. Someone with half my handicap could do the same thing and be a stroke or two better than me. Either way, we play to the level of our good (lucky) shots. Good shots is sufficient to get par. If the players were high handicap because of weak distances, this doesn’t apply. But if they have high handicaps because they hit 3 balls into the water before the 4th hit the green on a par-3, then they’re putting for birdie. I played a two man best ball and we both hit the ball out of bounds. We just picked who should play the subsequent shot. If it had been scramble, we both would have teed off again. Stroke and distance puts us at the tee again no matter whose shot we chose for our first shot.
That’s why scrambles for serious prize money put two foursomes on each hole. I can see a 10 sandbagging to 15. but you have to be some sick puppy to be a 20 sandbagging at 30 plus. Seriously, how old where the players? Old folks can be killers in best ball as they once had the game and can occasionally play some great shots, but lack the consistency to play 18 holes well.
I don’t know. I didn’t see the team. They didn’t read off the winners and have them stand so we really didn’t know who they were. Do you know how many putts or chip ins they had? The 69 is the surprise. Given one of the women is the worlds’ greatest putter, with 18 putts, they shot a 51 tee to green.
Don’t know that either. I would have loved to ask them how they did it but I didn’t want to look like a prick or embarrass anyone. I’m hoping it was an honest mistake. Bryan
– Hide quoted text — Show quoted text – I played in a charity scramble yesterday and they paid for low gross and low net. The low net was based on the lowest handicapp in the foursome. The course is only par 70 but has some long par 4’s and 2 long par 3’s. It had also recently rained so there was no roll from drives. Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone. I would hope that it was just an accounting mistake — because a net 37 is clearly sandbagging. 32 handicaps would have trouble breaking 90 in a scramble. Doug
– I really that’s what happened. Either they misunderstood and gave the wrong handicapp or the person running the event put down the wrong one. Hey, I got it! Maybe they srarted on #6 and didn’t realize they had to play 1-5 after they finished #18. The 69 was for 13 holes! That makes sense. :-) Bryan Bryan Berguson RSG Roll Call http://rec-sport-golf.com/members/?rollcall=bergusonb
– Hide quoted text — Show quoted text – Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone. 32 handicap strokes for a scramble? How was this thing handicapped?
Off the lowest handicapp in the group. They gave a 32 as their lowest so the 3 others were 32 or higher. Actually the handicapped scramble events I’ve played in have all been impossible since 4 hackers with high handicaps can get a lot more pars than a group of 4 scratch golfers will get birdies. The 69 still sounds a bit low to me though. Some explanations may be: Those handicaps are real honest ones, with lots of OBs, whiffs, and missed gimmes counted and with never improving the lie. When you play scramble you don’t count the OBs and whiffs, someone makes the gimmes, and everyone improves their lie.
A possibility. The men in the group are long and wild, so the odds that one will get in play are pretty good.
Also a possibility. The course has a big lead off the women’s tees and at least one of them is capable of hitting a decent length drive (maybe a horrible putter or iron player).
Very little advantage for the womens tees, most were off the forward section of the same tee box. Were there requirements on how many drives of each player to use? This is the thing that gets a lot of groups in mixed scrambles, where someone has a bad day on the tee and unless you pick their less than perfect efforts early you get stuck counting an OB or a water ball on the final holes.
None. Question for the rules police: If a player hits a ball OB in a scramble and you count it, does the same player have to hit the reload or do they all get to hit again? I could see this one ruled either way depending on whether you count the OB drive as the player’s stroke, or you don’t count them to have finished until they land one in play.
I’ve never seen a penalty for an out of bounds shot in a scramble format. I’m really not upset by the 37, although I don’t believe it. It was a charity event and the "purse" was really low. They didn’t even have any raffle or additional prizes to give out. Our 2nd place was worth $15 per man, 1st was $26 or something like that. I’m just trying to figure out how they did it. My ultimate guess is that it was a mistake and they gave their highest handicapp instead of the lowest. Maybe too embarrassed to correct it? Bryan
I played in a charity scramble yesterday and they paid for low gross and low net. The low net was based on the lowest handicapp in the foursome. The course is only par 70 but has some long par 4’s and 2 long par 3’s. It had also recently rained so there was no roll from drives. Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone.
I would hope that it was just an accounting mistake — because a net 37 is clearly sandbagging. 32 handicaps would have trouble breaking 90 in a scramble. Doug — ___, Doug Massey, ASIC Digital Logic Designer o IBM Microelectronics Division, Burlington, Vermont | | Phone: (802)769-7095 t/l: 446-7095 fax: x6752 | / | . My homepage: http://doug.obscurestuff.com (|)
Howard, do you have any idea what you post about? In best ball, everybody plays their own ball and the best score is used. You are rambling about a scramble. A good short game player isn’t necessarily an asset to a scramble as the name of the game is getting on the green in regulation and sinking some putts. Unless all, emphasis all, the long guys are total klutzes around the green, I’ll take four long guys vs. three long and a short guy every time. Which is it? Off the meds or Mommy doesn’t have a password on her computer
Back off, Tom — you’re the one who mentioned "best ball". Howard was responding to you. "Old folks can be killers in best ball as they once had the game and can occasionally play some great shots, but lack the consistency to play 18 holes well." Bryan’s original post was clearly about scramble, but *you’re* the one who started talking about best ball. You owe Howard an apology. Doug — ___, Doug Massey, ASIC Digital Logic Designer o IBM Microelectronics Division, Burlington, Vermont | | Phone: (802)769-7095 t/l: 446-7095 fax: x6752 | / | . My homepage: http://doug.obscurestuff.com (|)
Howard, do you have any idea what you post about? In best ball, everybody plays their own ball and the best score is used. You are rambling about a scramble.
Sorry – my work has an annual (or sometimes semi-annual) tournament that apparently has the wrong name. I learned it from them, and forget sometimes that it is wrong.
Howard, do you have any idea what you post about? In best ball, everybody plays their own ball and the best score is used. You are rambling about a scramble. A good short game player isn’t necessarily an asset to a scramble as the name of the game is getting on the green in regulation and sinking some putts. Unless all, emphasis all, the long guys are total klutzes around the green, I’ll take four long guys vs. three long and a short guy every time. Which is it? Off the meds or Mommy doesn’t have a password on her computer
– Hide quoted text — Show quoted text – Seriously, how old where the players? Old folks can be killers in best ball as they once had the game and can occasionally play some great shots, but lack the consistency to play 18 holes well. Actually, a killer best ball team has an accurate, but very short player along with long but wild team mate(s). If it is four man best ball, the short player won’t be playing until you get near the green, as SOMEBODY will hit a long ball on the fairway. These high handicap players will have scores comparable to the low handicap players who all hit the ball pretty close to each other.
Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone.
32 handicap strokes for a scramble? How was this thing handicapped? Actually the handicapped scramble events I’ve played in have all been impossible since 4 hackers with high handicaps can get a lot more pars than a group of 4 scratch golfers will get birdies. The 69 still sounds a bit low to me though. Some explanations may be: Those handicaps are real honest ones, with lots of OBs, whiffs, and missed gimmes counted and with never improving the lie. When you play scramble you don’t count the OBs and whiffs, someone makes the gimmes, and everyone improves their lie. The men in the group are long and wild, so the odds that one will get in play are pretty good. The course has a big lead off the women’s tees and at least one of them is capable of hitting a decent length drive (maybe a horrible putter or iron player). Were there requirements on how many drives of each player to use? This is the thing that gets a lot of groups in mixed scrambles, where someone has a bad day on the tee and unless you pick their less than perfect efforts early you get stuck counting an OB or a water ball on the final holes. Question for the rules police: If a player hits a ball OB in a scramble and you count it, does the same player have to hit the reload or do they all get to hit again? I could see this one ruled either way depending on whether you count the OB drive as the player’s stroke, or you don’t count them to have finished until they land one in play. — http://home.att.net/~wamontgomery )
Seriously, how old where the players? Old folks can be killers in best ball as they once had the game and can occasionally play some great shots, but lack the consistency to play 18 holes well.
Actually, a killer best ball team has an accurate, but very short player along with long but wild team mate(s). If it is four man best ball, the short player won’t be playing until you get near the green, as SOMEBODY will hit a long ball on the fairway. These high handicap players will have scores comparable to the low handicap players who all hit the ball pretty close to each other.
– Hide quoted text — Show quoted text – I played in a charity scramble yesterday and they paid for low gross and low net. The low net was based on the lowest handicapp in the foursome. The course is only par 70 but has some long par 4’s and 2 long par 3’s. It had also recently rained so there was no roll from drives. Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone. Oh well, it was a fun tournament on a great golf course and they had a great dinner afterwards. Bryan — Bryan Berguson RSG Roll Call http://rec-sport-golf.com/members/?rollcall=bergusonb
Sounds quite iffy to me…. anyone for having them enter the latest Powerball? -Diva T-
That’s why scrambles for serious prize money put two foursomes on each hole. I can see a 10 sandbagging to 15. but you have to be some sick puppy to be a 20 sandbagging at 30 plus. Seriously, how old where the players? Old folks can be killers in best ball as they once had the game and can occasionally play some great shots, but lack the consistency to play 18 holes well. Do you know how many putts or chip ins they had? The 69 is the surprise. Given one of the women is the worlds’ greatest putter, with 18 putts, they shot a 51 tee to green.
– Hide quoted text — Show quoted text – I played in a charity scramble yesterday and they paid for low gross and low net. The low net was based on the lowest handicapp in the foursome. The course is only par 70 but has some long par 4’s and 2 long par 3’s. It had also recently rained so there was no roll from drives. Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone. Oh well, it was a fun tournament on a great golf course and they had a great dinner afterwards. Bryan — Bryan Berguson RSG Roll Call http://rec-sport-golf.com/members/?rollcall=bergusonb
I played in a charity scramble yesterday and they paid for low gross and low net. The low net was based on the lowest handicapp in the foursome. The course is only par 70 but has some long par 4’s and 2 long par 3’s. It had also recently rained so there was no roll from drives. Anyways, our low handicapp was 11 and we shot 61 gross, net 50. The 61 was good enough for 2nd place gross. 59 won it. 37 net won the net with 48 taking 2nd. Most of the net scores were in the 50’s. Tell me how it is possible for a foursome, 2 men & 2 women, with the lowest handicapp in the group at 32, to shoot a 69? I’m sorry, but most people I’ve seen with 30+ handicapps can’t get off the tee, let alone make pars, even in a scramble. The only thing I can figure is that they gave their highest handicapp by mistake or they were serious sandbaggers. Who knows, maybe they were in a zone. Oh well, it was a fun tournament on a great golf course and they had a great dinner afterwards. Bryan — Bryan Berguson RSG Roll Call http://rec-sport-golf.com/members/?rollcall=bergusonb
I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math?
I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math?
customary in mainland Europe Roger — http://mypage.bluewin.ch/aroc
Also applied to Pub licenses in Australia. A 15 year license wasn’t 15 years, it was 14.8! Peter French Australia
– Hide quoted text — Show quoted text – I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math? customary in mainland Europe Roger — http://mypage.bluewin.ch/aroc
There are at least a few methods used to calculate a loan amortization. In addition the time period in which interest is compounded needs to be determined. Read the small print on any loan documents.
– Hide quoted text — Show quoted text – I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math?
I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math?
Old, pre-calculator, pre-computer math. Some banks still use it because it allows them to rip people off for a few extra dollars per year. easy2000
I think you’ll find an Excel interest function which uses the 360 day year. Roger — http://mypage.bluewin.ch/aroc
– Hide quoted text — Show quoted text – I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math? Old, pre-calculator, pre-computer math. Some banks still use it because it allows them to rip people off for a few extra dollars per year. easy2000
I think you’ll find an Excel interest function which uses the 360 day year.
The hubris of Micro$oft never ceases to amaze me. easy2000
I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math?
If I recall correctly, it was the standard when I studied introductory accounting. (That was a long time ago, though.) Al
I took a loan out from a bank, and after checking with my trusty financial calculator, the loan payment calculated out to be less than what the bank calculated (go figure). They said this was due to their calculations being based on a 360 day year rather than a 365 day year. What is this, new math?
Nothing new. Before computers, calculators, etc. it was easier to do the math using 360 rather than 365. There’s no excuse for it now except to steal a few more dollars from customers. Sort of like credit cards’ 25 day billing cycle. Works out to a 13 month year. FWK
I am very new to business. How do you handle foreign currencies in QuickBooks? I live in Canada and must do my bookkeeping in Canadian dollars. USA customers pay in US dollars and they would likely want an invoice and/or receipt in US dollars. But I need to keep the books in Canadian dollars and thus my invoices are in Canadian dollars. I see no way P. Weisberg
wrote in alt.accounting: I am very new to business. How do you handle foreign currencies in QuickBooks? I live in Canada and must do my bookkeeping in Canadian dollars. USA customers pay in US dollars and they would likely want an invoice and/or receipt in US dollars. But I need to keep the books in Canadian dollars and thus my invoices are in Canadian dollars. I see no way P. Weisberg
I like QB very much, but it does not have the multi-currency accounting of MYOB and others. You can keep some accounts in US dollars and make monthly entries to zero them and transfer amounts to Canadian dollars in QB, but I would start with a multi-currency product. Mike Block, Tax Fighting C.P.A. World’s #1 QuickBooks Top Tester 450+ page QB book/free updates $10 QB add-ons http://www.blocktax.com/ Ft Lauderdale FL 954-566-7540
We have the same problem (we’re in Canada, too). I think that QuickBooks 2000 may have this feature – it’s currently in beta test. You may be able to get on the beta by filling out a form on their web site. Paul Grunau
– Hide quoted text — Show quoted text – I am very new to business. How do you handle foreign currencies in QuickBooks? I live in Canada and must do my bookkeeping in Canadian dollars. USA customers pay in US dollars and they would likely want an invoice and/or receipt in US dollars. But I need to keep the books in Canadian dollars and thus my invoices are in Canadian dollars. I see no way P. Weisberg
It has allowed organizations to do away with large numbers of administrative and secretarial staff– at least in performance auditing (not accounting, I know). | I have to do a presentation on the effects of computers in today’s | accounting world. I was wondering if anyone could give me a little | insight of the effects of them. Thank you! | | Billy |One of the biggest differences the computer has made in my life it has |allowed me to continue working
To me it is truly frightening to consider that the transition to an information society which began in the early part of this century, is nearly complete, i.e. we’re all working in offices. It is almost axiomatic that computers, especially when combined with communication abilities, will be able to perform many of the activities performed by humans in administering the economy. The danger easy to understand -you’d have to be dumb as a doorpost to miss it… we must stop accepting money for reading and viewing and analyzing numbers and data themselves. It is a sin. It is exploitation of your client. The punishment shall be losing those clients, as soon as they obtain the means to obtain financial analyses electronically, to send invoices electronically, receive them and pay them electronically, etc. Accountants want to be far away from the clerical processes as possible when that day comes. We must also be far away from reportwriting. Reports and analyses of every variety will be available. Instead we must move to a higher level of abstraction. We must direct the computer to feed streams of data from place to place. We must configure it, manage it, negotiate with data interface providers on price/performance. We must decide what data is sensitive, and what is not. We must decide who will be allowed access, who should not, and how to control that. We must search for software and select wisely. We must find wellsprings of data, of business opportunity, into which to connect. We must be alert to the trap, the closed system, the company store. There is a real good article in Atlantic Monthly this month, Francis Fukuyama, The Great Disruption. This will take an hour or two. Fukuyama isn’t a genius. But he raises it to a high enough vantage point to understand where we are at right now, historically. While you’re at it read Lester Thurow’s last month, http://www.theatlantic.com/issues/current/9906thurow.htm "There are no institutional substitutes for individual entrepreneurial change agents. CAPITALISM is a process of creative destruction. The new destroys the old. Both the creation and the destruction are essential to driving the economy forward. Entrepreneurs are central to the process of creative destruction; they bring the new technologies and the new concepts into active commercial use. They are the change agents of capitalism. "
In addition to the reduction of workloads it has greatly enhanced our ability to gather information and receive it much more timely. First if you were asked "how many new customers did we get from the southeast last month" and you had to search through all the invoices for the month and determine which ones where new then count them by hand only for your boss to then say "how much is that expressed as a percent of total customers invoiced last month". Doing this project by hand could, depending on size take days, weeks or even months. Yet with computers we can obtain that information with a keystroke and the report is produced. Because this type of information can be gathered without much effort the demand for this information continues to increase. I have yet to install a new computer system that did not increase labor requirements for the company. While the number of clerical and data entry people inevitably decline the number of high level skilled personnel required to collect, manage, distribute and decipher this information tends to increase. Secondly because the can now be collected and reported in a timely fashion corporations can spot trends both on the rise and decline much sooner and react to those changes thus changing the direction of the company as trends change. This reduces waste as stockouts happen less frequently and outdated stock is reduced. The effect is lower pricing in the long run. Many stores now collect data to help predict future sales. For example grocery stores are developing customer profiles with the use of discount cards. They issue the cards to customers who have them scanned when they shop and thus take advantage of any computerized discounts within the store. What the store gets is a profile of every shopping trip. How often and what they buy. They develop profiles of a typical shopping trip and types of items that customers are buying. Again helping to spot trends and develop future projections. This type of info would never have been accessible prior to the advent of technology. Don
It has allowed organizations to do away with large numbers of administrative and secretarial staff– at least in performance auditing (not accounting, I know). Auditors used to hand write report and then turn them over to secretaries who typed them. Few changes were made to reports. Now, the auditors generally write their findings and consolidate into reports without the intervention of the administrative and secretarial staff. Automation allows changes for the most petty of reasons in the pursuit of perfection. Auditors have more pressure to do things formerly done by others. Auditors now, more than ever, need writing skills. Automated workpapers will soon feed into reports.. indeed, some may be doing this already. I think Air Force performance/financial auditors may already use such techniques. | | | I have to do a presentation on the effects of computers in today’s | accounting world. I was wondering if anyone could give me a little | insight of the effects of them. Thank you! | | Billy |One of the biggest differences the computer has made in my life it has |allowed me to continue working. Chronic health problems and severe |repetitive stress injuries have cost me full use of my hands and health |problems mean I tire easily and haven’t been able to work a traditional |9-5 day in 10 yrs. | |I am very dependent on my computer for work. I use voice recognition |technology to do high volumes of data entry related to accounting, to |dictate letters to the word processor and with some aspects of my |spreadsheets. | |With my limited ability to write and type there would be many jobs I |could no longer do. | |Without the computer I would be doing a minimum wage part time job |somewhere that didn’t require writing or heavy lifting. | |I have met others who are completely dependent on their voice recogntion |system and their computer to keep a job and run a business. | |I also use a tape recorder and dictation/transcription machine to record |meetings and later play back tapes which I then dictate to the computer |to summarize my notes. | |KG | | |Share what you know. Learn what you don’t. **Tippy**
I have to do a presentation on the effects of computers in today’s accounting world. I was wondering if anyone could give me a little insight of the effects of them. Thank you! Billy
I have to do a presentation on the effects of computers in today’s accounting world. I was wondering if anyone could give me a little insight of the effects of them. Thank you! Billy
If you want some excellent reading on the future of computers and the internet in the accounting profession try to find archived copies of Todd Boyle’s post in this newsgroup.
Start with an abacus, the first true counting machine. — __Stephen Russell Memphis VFP User Group – Hide quoted text — Show quoted text – I have to do a presentation on the effects of computers in today’s accounting world. I was wondering if anyone could give me a little insight of the effects of them. Thank you! Billy
I have to do a presentation on the effects of computers in today’s accounting world. I was wondering if anyone could give me a little insight of the effects of them. Thank you! Billy
One of the biggest differences the computer has made in my life it has allowed me to continue working. Chronic health problems and severe repetitive stress injuries have cost me full use of my hands and health problems mean I tire easily and haven’t been able to work a traditional 9-5 day in 10 yrs. I am very dependent on my computer for work. I use voice recognition technology to do high volumes of data entry related to accounting, to dictate letters to the word processor and with some aspects of my spreadsheets. With my limited ability to write and type there would be many jobs I could no longer do. Without the computer I would be doing a minimum wage part time job somewhere that didn’t require writing or heavy lifting. I have met others who are completely dependent on their voice recogntion system and their computer to keep a job and run a business. I also use a tape recorder and dictation/transcription machine to record meetings and later play back tapes which I then dictate to the computer to summarize my notes. KG Share what you know. Learn what you don’t.
Has anyone used or heard of any software or financial databases to keep up with performer payments? I’ve looked at Quicken and currently use MYOB, but I get lost as to how to set things up to account (no pun intended!) for all the different paymasters, changes in final payment due to wildspots, usage, *receiving an agent’s check that includes several paymasters*, clients, yadayada… I’d like to be able to track by client/agency, job, paymaster, etc. Am I dreaming here, or what? Any ideas would be greatly appreciated! :) Marsha :::realizing she was probably absent that day in accounting:::
You can hire entertainment partners to do all that.
You can hire entertainment partners to do all that.
Thanks for the response, Bill. I’m not familiar with Entertainment Partners. I take it they will create a database for my tracking needs? Where are they located? Marsha
- Hide quoted text — Show quoted text – I believe the state where work is performed has jurisdiction over income tax assessment and payroll withholding by employers. You will find that persons working in Illinois will have Illinois tax withheld. They then will take a credit on thier Indiana return for income tax paid to Illinois. Ok….I work for a very large payroll processing company. I’m trying to resolve issues with the rescinding of the reciprocal agreement between IL and IN. The question of the day (which the states themselves can’t give a consistent answer on) is this: If someone lives in IL and works in IN, you have state withholding of 3.4% for IN…but do the taxes show on the W-2 as taxable for both IL and IN? And then the employee just apply for a credit of payments from IN to IL at the end of the year? Because if they live in IN and work in IL then you withhold 3.0% for IL and .4% for IN and show the wages taxable in *both* states. This we have as fact. Any help would be appreciated. K.
I had a client who was a truck driver. The rule of thumb is, the State they live in. My client drove from Indiana to Michigan. Also from time to time, the drove to other States. That doesn’t matter. They lived in Indiana. — Covey Accounting Service, L.L.C. http://user.centralnet.net/dcovey Accounting and database specialist.
I believe the state where work is performed has jurisdiction over income tax assessment and payroll withholding by employers. You will find that persons working in Illinois will have Illinois tax withheld. They then will take a credit on thier Indiana return for income tax paid to Illinois. – Hide quoted text — Show quoted text – Ok….I work for a very large payroll processing company. I’m trying to resolve issues with the rescinding of the reciprocal agreement between IL and IN. The question of the day (which the states themselves can’t give a consistent answer on) is this: If someone lives in IL and works in IN, you have state withholding of 3.4% for IN…but do the taxes show on the W-2 as taxable for both IL and IN? And then the employee just apply for a credit of payments from IN to IL at the end of the year? Because if they live in IN and work in IL then you withhold 3.0% for IL and .4% for IN and show the wages taxable in *both* states. This we have as fact. Any help would be appreciated. K.
Ok….I work for a very large payroll processing company. I’m trying to resolve issues with the rescinding of the reciprocal agreement between IL and IN. The question of the day (which the states themselves can’t give a consistent answer on) is this: If someone lives in IL and works in IN, you have state withholding of 3.4% for IN…but do the taxes show on the W-2 as taxable for both IL and IN? And then the employee just apply for a credit of payments from IN to IL at the end of the year? Because if they live in IN and work in IL then you withhold 3.0% for IL and .4% for IN and show the wages taxable in *both* states. This we have as fact. Any help would be appreciated. K.