- Hide quoted text — Show quoted text – Martin says… File your NJ 2002 return. You can get a credit for taxes paid to another state. What type of PA return did you file? Hey Allen, This was just this past year, 2003. I’ve never filed any type of return in Pennsylvania, as I live in New Jersey. Thanks,
What is state tax? Are you talking about sales tax or income tax?
HI Joe, I’m a CPA in the Philadelphia, PA area so I’m familiar with both states. You should immediately have your company stop withholding PA income taxes and start withholding NJ taxes for 2004. In fact they should move any taxes paid to PA to NJ for 2004 and adjust your withholdings so you are not underwithheld for 2004. For 2003 they should have withheld taxes for the state where you live and work but since they did not you will have to get it corrected. The first thing you need to do is see if they show the taxes as PA on your W-2 which I assume they do. If so, you should talk to the accounting department/person and see what they can do to help fix this. I’m not sure who is at fault for the error (generally the employer should know where you live and work so it sounds like it is their fault) but perhaps your employer can help fix it by amending the returns they filed with the states and moving the withholdings from PA to NJ. What should happen is that you will file in both states, get a refund from PA for the taxes you paid to them and then remit taxes to NJ. The NJ tax rate is much higher than the PA rate so you will have to pay considerably more, depending on your earnings. If Philadelphia taxes were also paid it gets even more complicated although it does help even out the tax rates between the states. It would be advisable to consult with a local accountant and have them help you since you could be assessed late fees for not having NJ taxes withheld. They can also ensure that all returns get filed correctly and help resolve any problems that may occur. I feel for you as I know that this type of situation can be a real headache for everyone involved. Sincerely, Stephen Lewis
– Hide quoted text — Show quoted text – I just found out that I’ve been paying state tax to the wrong state. My company is based in Pennsylvania, but I work for a division in New Jersey, and I live in New Jersey. I paid state tax to Pennsylvania last year. What do I do? Thank you, JW
says… File your NJ 2002 return. You can get a credit for taxes paid to another state. What type of PA return did you file?
Hey Allen, This was just this past year, 2003. I’ve never filed any type of return in Pennsylvania, as I live in New Jersey. Thanks, JW
Martin says… File your NJ 2002 return. You can get a credit for taxes paid to another state. What type of PA return did you file? Hey Allen, This was just this past year, 2003. I’ve never filed any type of return in Pennsylvania, as I live in New Jersey. Thanks,
It sounds like this is a problem for your employer to straighten out. – Hide quoted text — Show quoted text – JW
I just found out that I’ve been paying state tax to the wrong state. My company is based in Pennsylvania, but I work for a division in New Jersey, and I live in New Jersey. I paid state tax to Pennsylvania last year. What do I do? Thank you, JW
File your NJ 2002 return. You can get a credit for taxes paid to another state. What type of PA return did you file?
– Hide quoted text — Show quoted text – I just found out that I’ve been paying state tax to the wrong state. My company is based in Pennsylvania, but I work for a division in New Jersey, and I live in New Jersey. I paid state tax to Pennsylvania last year. What do I do? Thank you, JW
I use Quickbooks for everything, including my Ebay and other auction sales. Lori — Looking for sexy fashions in leather, pvc, shoes, accessories and more? Visit my online store at www.sensualelegance.com NOW WITH OVER 2500 ITEMS ONLINE AND MORE ADDED DAILY! And for adults only: www.sensual-desire.com
– Hide quoted text — Show quoted text – Hello, What are your recommendations regarding bookkeeping for sellers on ebay? In the ebay community discussion boards there is a link to Jerry’s Bookkeeping Tools but it’s just a not very well disguised advertisement for eBay’s Sellers Assistant Pro. What else to people use? Is there software that I could purchase rather than sign up for the never-ending constantly-increasing monthly fee? Have any of you created your own customized application in Excel or Access? Any and all thoughts regarding the bookkeeping side of running a home based ebay business are appreciated. Regards, Norman
Have any of you created your own customized application in Excel or Access? Any and all thoughts regarding the bookkeeping side of running a home based ebay business are appreciated.
With all due respect, unless you are a lorge, large seller, just do it the way I have been doing it for 30 + years – paper and pencil – cheap and accurate
Hello, What are your recommendations regarding bookkeeping for sellers on ebay? In the ebay community discussion boards there is a link to Jerry’s Bookkeeping Tools but it’s just a not very well disguised advertisement for eBay’s Sellers Assistant Pro. What else to people use? Is there software that I could purchase rather than sign up for the never-ending constantly-increasing monthly fee? Have any of you created your own customized application in Excel or Access? Any and all thoughts regarding the bookkeeping side of running a home based ebay business are appreciated. Regards, Norman
– Hide quoted text — Show quoted text – Hello, What are your recommendations regarding bookkeeping for sellers on ebay? In the ebay community discussion boards there is a link to Jerry’s Bookkeeping Tools but it’s just a not very well disguised advertisement for eBay’s Sellers Assistant Pro. What else to people use? Is there software that I could purchase rather than sign up for the never-ending constantly-increasing monthly fee? Have any of you created your own customized application in Excel or Access? Any and all thoughts regarding the bookkeeping side of running a home based ebay business are appreciated. Regards, Norman
I was losing money left and right on ebay. Then a friend turned me onto a company caller "Arthur Andersen" But I don’t think they are taking on any new clients these days…….
I was losing money left and right on ebay. Then a friend turned me onto a company caller "Arthur Andersen" But I don’t think they are taking on any new clients these days…….
So, what was the best advice they gave you? What was the worst?
I was losing money left and right on ebay. Then a friend turned me onto a company caller "Arthur Andersen" But I don’t think they are taking on any new clients these days……. So, what was the best advice they gave you? What was the worst?
Ask Worldcom and Enron. – Email replies should be sent to the address found here: http://members.aol.com/jonpurkey/email.gif
I was losing money left and right on ebay. Then a friend turned me onto a company caller "Arthur Andersen" But I don’t think they are taking on any new clients these days……. So, what was the best advice they gave you? What was the worst? Ask Worldcom and Enron.
<http://www.sltrib.com/2003/Sep/09042003/business/89481.asp
- Hide quoted text — Show quoted text – Hello, What are your recommendations regarding bookkeeping for sellers on ebay? In the ebay community discussion boards there is a link to Jerry’s Bookkeeping Tools but it’s just a not very well disguised advertisement for eBay’s Sellers Assistant Pro. What else to people use? Is there software that I could purchase rather than sign up for the never-ending constantly-increasing monthly fee? Have any of you created your own customized application in Excel or Access? Any and all thoughts regarding the bookkeeping side of running a home based ebay business are appreciated. Regards, Norman
Probably whatever accounting software you feel comfortable with would work for you. Just set up categories of expenses and income— from supplies, listing fees, postage, actual payments received… etc. I use Microsoft Money because it was a program bundled with my computer and I was already familiar with it. I make a new account for each year, so I have everything I need to know for that year to pass on to my accountant. Using categories, I can easily tell my accountant the exact figures for postage, income, etc. I only document ebay fees once per month when I get the monthly invoice.
I’m wondering if there’s any free or low-cost bulk NPB/FVF reporting tools, preferably web-based. Thanks.
Wouldn’t that be nice! Considering I have almost everything else semi-automated (listings, invoices, receipts, shipping labels, accounting, etc.) I spend OH SO MUCH time filling out NPB and FVF’s.
I’m wondering if there’s any free or low-cost bulk NPB/FVF reporting tools, preferably web-based. Thanks.
I hope I never need such a thing. — Donna "I was so much older then; I’m younger than that now."
I’m wondering if there’s any free or low-cost bulk NPB/FVF reporting tools, preferably web-based. Thanks. I hope I never need such a thing.
I was thinking the same thing myself. Anyone who needs a BULK poster for NPB/FVF filing is in the wrong line of business for sure…! BobR
I’m wondering if there’s any free or low-cost bulk NPB/FVF reporting tools, preferably web-based. Thanks.
I’m wondering if there’s any free or low-cost bulk NPB/FVF reporting tools, preferably web-based.
I certainly hope not. Sounds like an email bomb waiting to explode. Lumpy — www.digitalcartography.com
Hi… I’ve been an on-and-off lurker in this newsgroup for a while, and finally decided to jump in and play… so before I do that I thought I’d introduce myself… I recently moved from Chicago to the UK. Bought a scale here, and was happy to find I’d lost 6 pounds. Whee. Until I went back to Chicago to visit, and lo and behold, the 6 pounds were back. Maybe it’s just a discrepancy between the scales, but it started me wondering: does weight vary with latitude? Do you weigh less the further away from the equator you go? Does anybody know? … megan
Well Megan, you show great courage in officially joining the fray and will find support and information here. I can’t answer your lattitude question but would hazard a guess that altitude might produce weight variance. Advice: Go with the weight in the place you will be staying as a loss is a loss under the same conditions over a period of time.
Hi… I’ve been an on-and-off lurker in this newsgroup for a while, and finally decided to jump in and play… so before I do that I thought I’d introduce myself… I’m 27 years old & have been, I don’t know, 10 or 15 pounds overweight for most of my life. Not terrible, but enough to keep me dieting and complaining about it like most teenage girls. My weight problem came after college, where the combination of a office job, and going out for beers/hot wings after work, led to me gaining some weight. My oh-so-logical (not!) response to that was to, well, pretend to diet occasionally but really, keep eating more. (You know, the I’m-starting-a-diet-tomorrow-so-I-can-have-that-carton-of-ben-and-jerry’s-n ow syndrome. Anyways, that kept going on, until eventually I hit 194 pounds. (I’m 5′5). I felt uncomfortable in my own skin. I don’t remember exactly what it was that turned the switch on for me… I think it may have been a gradual process… but finally I got up and started exercising. And eating better. It’s four years since then, and i’ve (slowly – painfully slowly) been losing since then. I saw 135 a few months ago, and it was the first time that the little internal discouraging voices were completely silent. I have to say, it was nice. But, then I got a boyfriend, and, well, slacked a bit and had too many bottles of wine, and gained a bit of it back. I’m at 142 now. I’m looking, I don’t know, to get down to 125-130, based on how I looked at 135… Wow. That was long. Sorry about that. Anyway… my odd scale question: I recently moved from Chicago to the UK. Bought a scale here, and was happy to find I’d lost 6 pounds. Whee. Until I went back to Chicago to visit, and lo and behold, the 6 pounds were back. Maybe it’s just a discrepancy between the scales, but it started me wondering: does weight vary with latitude? Do you weigh less the further away from the equator you go? Does anybody know? … megan
Wow. That was long. Sorry about that. Anyway… my odd scale question: I recently moved from Chicago to the UK. Bought a scale here, and was happy to find I’d lost 6 pounds.
ok, ok, EVERYONE? we’re moving to the UK! 
x-no-archive: yes does weight vary with latitude? Do you weigh less the further away from the equator you go? Does anybody know?
No, the further away from the scale LOL
Hi Megan, I can’t really say too much about the scale phenomena but I will give you some warning about living in the UK (from a yank’s perspective). DANGER DANGER WILL ROBINSON! I gained 30 lbs whilst living in London which was puzzling because I was walking soooo much it seemed. The thing that did it for me was all the bloody tea breaks at the office. While I worked for a very fast-paced and manic type business, we still managed to have at least three cuppas every day and we had an assortment of biscuits to dunk in ‘em. I probably gained that weight within the first 6 months of living there, so be careful! I made many a meal out of chocolate covered Digestives, Jammy Dodgers and Jaffa Cakes…oh and those buttery, sugary flapjacks (not pancakes but those condensed oat squares) and then washed it all down with the occasional lager or two or three at the pub after work. Oi! I miss the UK like buggery but at least I got to bring ye olde DH with me back to the US as a souvenir Best of luck, Mina – Hide quoted text — Show quoted text – I recently moved from Chicago to the UK. Bought a scale here, and was happy to find I’d lost 6 pounds. Whee. Until I went back to Chicago to visit, and lo and behold, the 6 pounds were back. Maybe it’s just a discrepancy between the scales, but it started me wondering: does weight vary with latitude? Do you weigh less the further away from the equator you go? Does anybody know? … megan
(You know, the I’m-starting-a-diet-tomorrow-so-I-can-have-that-carton-of-ben-and-jerry’s-n ow syndrome.) ahhhhhhhhhhhhhhhhhhhh, the "good old days" — read and post daily, it works! rosie "I have the world’s largest collection of seashells. I keep it scattered around the beaches of the world … Perhaps you’ve seen it?"
x-no-archive: yes does weight vary with latitude? Do you weigh less the further away from the equator you go? Does anybody know? My husband says yes, weight does vary with latitude: "Weight is your mass times the acceleration of gravity, and your accelaration is different at the equator than it would be at the pole." beeswing
There’s some interesting information on this "latitude effect" (and another "altitude effect") here: http://www.mit.edu:8001/afs/athena/user/g/o/goodmanj/Public/madsci/90… .Ph.r.html
Megan, Oddly, enough, this comes up in my work all the time. Yes, scales are different. In my case, certain patients need to be weighed regularly and fluctuations are to be reported to the MD as they may signal fluid overload. What happens is that nurses with different scales weigh the same patient and there appears to be a huge discrepancy in weight. Because this is home health, there are no fancy MD scales that can be carried to each patient’s home. What is recommended (and what my good clients do) is to settle on one scale. It needs to be placed on a hard floor as opposed to carpet. Preferably, you weigh yourself at the same time of day. j
Hi… I’ve been an on-and-off lurker in this newsgroup for a while, and finally decided to jump in and play… so before I do that I thought I’d introduce myself… I’m 27 years old & have been, I don’t know, 10 or 15 pounds overweight for most of my life. Not terrible, but enough to keep me dieting and complaining about it like most teenage girls. My weight problem came after college, where the combination of a office job, and going out for beers/hot wings after work, led to me gaining some weight. My oh-so-logical (not!) response to that was to, well, pretend to diet occasionally but really, keep eating more. (You know, the
I’m-starting-a-diet-tomorrow-so-I-can-have-that-carton-of-ben-and-jerry’s-n o w – Hide quoted text — Show quoted text – syndrome. Anyways, that kept going on, until eventually I hit 194 pounds. (I’m 5′5). I felt uncomfortable in my own skin. I don’t remember exactly what it was that turned the switch on for me… I think it may have been a gradual process… but finally I got up and started exercising. And eating better. It’s four years since then, and i’ve (slowly – painfully slowly) been losing since then. I saw 135 a few months ago, and it was the first time that the little internal discouraging voices were completely silent. I have to say, it was nice. But, then I got a boyfriend, and, well, slacked a bit and had too many bottles of wine, and gained a bit of it back. I’m at 142 now. I’m looking, I don’t know, to get down to 125-130, based on how I looked at 135… Wow. That was long. Sorry about that. Anyway… my odd scale question: I recently moved from Chicago to the UK. Bought a scale here, and was happy to find I’d lost 6 pounds. Whee. Until I went back to Chicago to visit, and lo and behold, the 6 pounds were back. Maybe it’s just a discrepancy between the scales, but it started me wondering: does weight vary with latitude? Do you weigh less the further away from the equator you go? Does anybody know? … megan
[...] Well Megan, you show great courage in officially joining the fray and will find support and information here. I can’t answer your lattitude question but would hazard a guess that altitude might produce weight variance. Advice: Go with the weight in the place you will be staying as a loss is a loss under the same conditions over a period of time.
True enough. When I first got to the UK, I was so busy with getting settled in and stuff, that I didn’t weigh myself for, easily a month. You can imagine how ecstatic I was to see the huge number drop (and how, well, not ecstatic when I came back to the States for a visit and got on the old scale. Ah, well. Lesson learned.) It’s actually why I started thinking about all this… I’m visiting the States again soon, and I was contemplating bringing back the old scale, so that I wouldn’t have to keep doing all that mental math… "9st6 = 132 + 6 for scale weirdness… okay! I’m 138!" and then the whole latitude thing occurred to me. Eh. I know it doesn’t really matter either way. But now I’m just curious… …megan
Ah, yes. The culinary delights of London. Funnily enough, I lost weight pretty steadily the first few months I was here. (Even after accounting for my scale issues) I couldn’t find anything to eat! I don’t like fish, so no fish and chips… the idea of butter on sandwiches turns my stomach… and shrimp-flavored potato crisps? Are you kidding me? But then I, well, adapted. Discovered toffee poppets. And salt and vinegar potato chips. And, of course, the beers. Lagers, ales… sigh. Oi – you’ve got that right! Ah, well. At least it’s warm enough here to go running year around. …megan (oh, yes, and I already have my UK souvenir, too. Funnily enough, he’s from my hometown, so hopefully I can take him with when I leave, too…) – Hide quoted text — Show quoted text – Hi Megan, I can’t really say too much about the scale phenomena but I will give you some warning about living in the UK (from a yank’s perspective). DANGER DANGER WILL ROBINSON! I gained 30 lbs whilst living in London which was puzzling because I was walking soooo much it seemed. The thing that did it for me was all the bloody tea breaks at the office. While I worked for a very fast-paced and manic type business, we still managed to have at least three cuppas every day and we had an assortment of biscuits to dunk in ‘em. I probably gained that weight within the first 6 months of living there, so be careful! I made many a meal out of chocolate covered Digestives, Jammy Dodgers and Jaffa Cakes…oh and those buttery, sugary flapjacks (not pancakes but those condensed oat squares) and then washed it all down with the occasional lager or two or three at the pub after work. Oi! I miss the UK like buggery but at least I got to bring ye olde DH with me back to the US as a souvenir Best of luck, Mina I recently moved from Chicago to the UK. Bought a scale here, and was happy to find I’d lost 6 pounds. Whee. Until I went back to Chicago to visit, and lo and behold, the 6 pounds were back. Maybe it’s just a discrepancy between the scales, but it started me wondering: does weight vary with latitude? Do you weigh less the further away from the equator you go? Does anybody know? … megan
My spread sheet showed that the difference between flying a new C182 or SR20 and flying my clubs 1975 Arrow for 100 hours was almost $10,000/year. I used the OurPlane Gold level for comparison. This comparison did NOT attempt to factor in the cost of depreciation.
I suspect depreciation alone on a $200,000+ new plane could be $20,000 or more over 3 years. It might turn out more like leasing a brand new Chevy every 3 years (OurPlane) vs. buying a used Lexus (buying a used C182 and equipping it to the hilt). — Richard Kaplan, CFII www.umrpc.com/p210
In 1967 I bought a brand new, Plymouth Barracuda that came with a 50,000-mile warranty. This might not have been the only reason the U. S. had to bailout Chrysler, but it certainly contributed.
Yet today 50,000 miles is pretty normal for a high quality (read Japanese) car. The reason is continuous improvement. Continuous improvement is, for all practical purposes, made impossible by the FAA. Michael
You’re right. I was thinking of turbocharged engines. If you run them at high power and high altitude they usually overheat. A Turbo Lance without an aftermarket intercooler will generally have CHTs well over 410 above 75% power above 16K feet. The POH shows performance at something like 84% power at FL200 as being 190kts but the engine probably won’t live very long if operated there (these numbers are from memory YMMV). Add mixture control and the potential for problems is increased significantly. Most Garrett (now Honeywell) TPE331-14 engines, usually found on Cheyenne 400LS airplanes, are on MSP. As a result, they are generally operated flat-out all the time, significantly increasing operating costs. Mike MU-2
– Hide quoted text — Show quoted text – These programs are available for turbine engines. The problem with doing this for piston engines is that everyone would run them at full power all the time and the engines often can’t take it. Actually, most piston engines will very happily run at full throttle all the time, as long as you keep pouring in the fuel and keep the cowl flaps open enough that they don’t overtemp. The real problem with doing this for piston engines is that you have all the reliability of 40 year old technology. These days you can get most new cars with warranties that go on for 5+ years or more (some offer an extended factory warranty for 10 years) and most late-model used cars can be bought with a warranty as well. 40 years ago, an auto dealer would have laughed at the concept. The reliability of automotive piston engines (and aircraft turbine engines, for that matter) has improved greatly in the past 40 years. The aircraft piston engines are basically the same as they were then. Michael
Plan Silver Gold Platinum Buy-in 32,900 37,900 41,900 Monthly fee 399 499 599
Ooops. Hours under Gold should be 100. — Marty Shapiro Silicon Rallye Inc.
These days you can get most new cars with warranties that go on for 5+ years or more (some offer an extended factory warranty for 10 years) and most late-model used cars can be bought with a warranty as well. 40 years ago, an auto dealer would have laughed at the concept.
In 1967 I bought a brand new, Plymouth Barracuda that came with a 50,000-mile warranty. This might not have been the only reason the U. S. had to bailout Chrysler, but it certainly contributed. — Dan N9387D at BFM
It’s not a cost savings, I hope I didn’t imply that it would be. The original poster was looking essentially for some kind of insurance that would mean his costs would be predictable. If you want predictability, you’re going to have to pay more unless you happen to be the unlucky one that would’ve had a major issue. Insurance is not free, but some people value the predictability. -Jon C.
– Hide quoted text — Show quoted text – Another angle on this might be to look into one of the fractional ownership outfits. They essentially are doing something like this, I think – you pay them some capital amount plus a (fixed?) maintenance fee plus a variable rate for hours flown. Example: http://www.ourplane.com It is such a cost savings that they do not even put their prices on the website. — Richard Kaplan, CFII www.umrpc.com/p210
I looked into our plane about a year ago.
How do they calculate your equity when you eventually sell? Do you have to put in more equity every few years when they buy new planes? These factors could (and probably do) substantially increase the cost. Depending on how the accounting is done, you could well lose money vs. buying your own plane — *especially* vs. buying your own used plane in top condition. Depreciation on a brand-new plane is very high, just like a new car. — Richard Kaplan, CFII www.umrpc.com/p210
I looked into our plane about a year ago. How do they calculate your equity when you eventually sell? Do you have to put in more equity every few years when they buy new planes?
I don’t remember for sure, but believe so. The plan was to replace the aircraft every three years or so. These factors could (and probably do) substantially increase the cost. Depending on how the accounting is done, you could well lose money vs. buying your own plane — *especially* vs. buying your own used plane in top condition. Depreciation on a brand-new plane is very high, just like a new car.
Yes. I agree completely. But, then that is exactly what one expects when buying a new car. IMHO, OurPlane is to private aviation what a high end luxury car is to driving. And, just like the better luxury car dealers, they do provide a luxury level of service to the owners. I see a very good market for OurPlane, but it just wasn’t for me. My spread sheet showed that the difference between flying a new C182 or SR20 and flying my clubs 1975 Arrow for 100 hours was almost $10,000/year. I used the OurPlane Gold level for comparison. This comparison did NOT attempt to factor in the cost of depreciation. — Marty Shapiro Silicon Rallye Inc.
These programs are available for turbine engines. The problem with doing this for piston engines is that everyone would run them at full power all the time and the engines often can’t take it.
Actually, most piston engines will very happily run at full throttle all the time, as long as you keep pouring in the fuel and keep the cowl flaps open enough that they don’t overtemp. The real problem with doing this for piston engines is that you have all the reliability of 40 year old technology. These days you can get most new cars with warranties that go on for 5+ years or more (some offer an extended factory warranty for 10 years) and most late-model used cars can be bought with a warranty as well. 40 years ago, an auto dealer would have laughed at the concept. The reliability of automotive piston engines (and aircraft turbine engines, for that matter) has improved greatly in the past 40 years. The aircraft piston engines are basically the same as they were then. Michael
Another angle on this might be to look into one of the fractional ownership outfits. They essentially are doing something like this, I think – you pay them some capital amount plus a (fixed?) maintenance fee plus a variable rate for hours flown. Example: http://www.ourplane.com
It is such a cost savings that they do not even put their prices on the website. — Richard Kaplan, CFII www.umrpc.com/p210
http://www.ourplane.com
I looked into our plane about a year ago. Plus: New aircraft (C182, SR20, SR2). ALL maintenance, tie down, and insurance included. Aircraft fully equipped, including DC headsets. Someone to look after the aircraft between flights. Prices: Each plan included a fixed number of hours at $109/hr wet. Above that rate was $139/hour wet. Plan Silver Gold Platinum Buy-in 32,900 37,900 41,900 Monthly fee 399 499 599 Total costs 50 hrs/year 10,238 11,438 12,638 75 hrs/year 13,713 14,163 15,363 100 hrs/year 17,188 16,888 18,088 150 hrs/year 24,138 23,838 23,538 Note that the total costs above assume 0% opportunity cost of the buy-in principle. At 6% opportunity cost, the 100 hrs/year entry would be: 100 hrs/year 19,162 19,162 20,602 While the new plane was attractive, I decided I could live with an older plane at significantly lower cost and bought a 1/4 share in a Rallye 235. — Marty Shapiro Silicon Rallye Inc.
Another angle on this might be to look into one of the fractional ownership outfits. They essentially are doing something like this, I
I think these are a very poor deal. When you look at the monthly and hourly rates, they are usually quite high. And the biggest question mark is how they calculate depreciation/appreciation on your capital investment. Can anyone point to an example of general aviation fractional ownership which truly is less expensive than owning? For that matter, can anyone point to an example of business jet fractional ownership which truly is less expensive than chartering a jet with no obligation? — Richard Kaplan, CFII www.umrpc.com/p210
Anyone know of an insurance company that offers a warranty on a used aircraft engine (or the entire aircraft) at the time a plane is purchased?
Turbine/jet airplanes sometimes are maintained on a fixed per-hour basis. I think that is the closest to a used "guarantee" one can find. I do not think this is offered for piston airplanes. I doubt a short-term warranty would work; the costs are so variable in airplane maintenance that they really need to be averaged over time. And there are so many judgment issues as well as to when an item needs to be replaced so that a long-term contract is needed to make things workable. If this were offered for single-engine planes, I suspect most owners would not be willling to pay what it costs — such a program would no doubt include all suggested 50-hr. maintenance, all service bulletins, all overhauls at TBO, all time-limited parts, regular replacement of hoses, miscellaneous items like turbocharger check valve replacement, honoring TBOs by calendar as well as hours, etc., etc. (basically Part 135 level maintenance). Those owners willing and able to pay for such maintenance probably could/would just pay for it directly (and average out the spikes in costs) rather than pay an insurance company a premium simply to administrate this process. — Richard Kaplan, CFII www.umrpc.com/p210
Another angle on this might be to look into one of the fractional ownership outfits. They essentially are doing something like this, I think – you pay them some capital amount plus a (fixed?) maintenance fee plus a variable rate for hours flown. Example: http://www.ourplane.com -Jon C.
– Hide quoted text — Show quoted text – Anyone know of an insurance company that offers a warranty on a used aircraft engine (or the entire aircraft) at the time a plane is purchased? What would it be worth to those who are purchasing a plane to warrant the engine in the plane they are buying against a loss of compression, cracked cylinder / head, or other major malfunction – cracked crankcase, rod, piston, crankshaft problem etc. – the really expensive things that would require removal of cylinders or the entire engine to repair (not a simple rocker cover gasket leak, fouled plug , vacuum pump failure etc.) for a period of 120 days or 100 hours whichever comes first? Assume that the warranty company would inspect the engine at pre-purchase inspection time. The warranty rate would be scaled to the cost of a zero-time engine from the manufacturer and somewhat proportional to the % of TBO hours on the engine. Would it be 2%, 3%, 4%, or what % of the cost of a zero-time engine to warranty a mid-life engine (600-800 hours) with a $250 deductible? One could probably reduce their pre-purchase inspection cost by doing this. Payouts for several types of repairs (cylinder / piston replacement, etc.) would be fixed and documented clearly in the policy and even more technically for the repair facility (like they do for dentists and HMOs). Engines requiring complete rebuilds would be shipped to a well-known engine rebuilder or to the factory. As an aircraft seller would you be interested in purchasing this type of insurance to make a plane more marketable? Do you think a successful warranty program would have to cover the entire airplane and not just the engine? How do you exclude the normal pre-existing conditions that normally exist in most used planes? Do you think only a fully comprehensive policy would fly (full pre-purchase inspection included, full aircraft coverage, all maintenance, annuals, all repairs, no deductible, for 2 years)? How much is that worth in % of planes book value scaled up by age and hours (roughly 20% – 50% of planes value spread evenly across coverage period)? Not trying to sell anything here, I don’t know if such a company even exists (excluding those for jets), just collecting opinions for a possible business idea. Any input or desires around this would be appreciated. Thanks, George Sconyers PP-ASEL-IA Piper Saratoga II TC N6124M
These programs are available for turbine engines. The problem with doing this for piston engines is that everyone would run them at full power all the time and the engines often can’t take it. Mike MU-2
– Hide quoted text — Show quoted text – Anyone know of an insurance company that offers a warranty on a used aircraft engine (or the entire aircraft) at the time a plane is purchased? What would it be worth to those who are purchasing a plane to warrant the engine in the plane they are buying against a loss of compression, cracked cylinder / head, or other major malfunction – cracked crankcase, rod, piston, crankshaft problem etc. – the really expensive things that would require removal of cylinders or the entire engine to repair (not a simple rocker cover gasket leak, fouled plug , vacuum pump failure etc.) for a period of 120 days or 100 hours whichever comes first? Assume that the warranty company would inspect the engine at pre-purchase inspection time. The warranty rate would be scaled to the cost of a zero-time engine from the manufacturer and somewhat proportional to the % of TBO hours on the engine. Would it be 2%, 3%, 4%, or what % of the cost of a zero-time engine to warranty a mid-life engine (600-800 hours) with a $250 deductible? One could probably reduce their pre-purchase inspection cost by doing this. Payouts for several types of repairs (cylinder / piston replacement, etc.) would be fixed and documented clearly in the policy and even more technically for the repair facility (like they do for dentists and HMOs). Engines requiring complete rebuilds would be shipped to a well-known engine rebuilder or to the factory. As an aircraft seller would you be interested in purchasing this type of insurance to make a plane more marketable? Do you think a successful warranty program would have to cover the entire airplane and not just the engine? How do you exclude the normal pre-existing conditions that normally exist in most used planes? Do you think only a fully comprehensive policy would fly (full pre-purchase inspection included, full aircraft coverage, all maintenance, annuals, all repairs, no deductible, for 2 years)? How much is that worth in % of planes book value scaled up by age and hours (roughly 20% – 50% of planes value spread evenly across coverage period)? Not trying to sell anything here, I don’t know if such a company even exists (excluding those for jets), just collecting opinions for a possible business idea. Any input or desires around this would be appreciated. Thanks, George Sconyers PP-ASEL-IA Piper Saratoga II TC N6124M
Anyone know of an insurance company that offers a warranty on a used aircraft engine (or the entire aircraft) at the time a plane is purchased? What would it be worth to those who are purchasing a plane to warrant the engine in the plane they are buying against a loss of compression, cracked cylinder / head, or other major malfunction – cracked crankcase, rod, piston, crankshaft problem etc. – the really expensive things that would require removal of cylinders or the entire engine to repair (not a simple rocker cover gasket leak, fouled plug , vacuum pump failure etc.) for a period of 120 days or 100 hours whichever comes first? Assume that the warranty company would inspect the engine at pre-purchase inspection time. The warranty rate would be scaled to the cost of a zero-time engine from the manufacturer and somewhat proportional to the % of TBO hours on the engine. Would it be 2%, 3%, 4%, or what % of the cost of a zero-time engine to warranty a mid-life engine (600-800 hours) with a $250 deductible? One could probably reduce their pre-purchase inspection cost by doing this. Payouts for several types of repairs (cylinder / piston replacement, etc.) would be fixed and documented clearly in the policy and even more technically for the repair facility (like they do for dentists and HMOs). Engines requiring complete rebuilds would be shipped to a well-known engine rebuilder or to the factory. As an aircraft seller would you be interested in purchasing this type of insurance to make a plane more marketable? Do you think a successful warranty program would have to cover the entire airplane and not just the engine? How do you exclude the normal pre-existing conditions that normally exist in most used planes? Do you think only a fully comprehensive policy would fly (full pre-purchase inspection included, full aircraft coverage, all maintenance, annuals, all repairs, no deductible, for 2 years)? How much is that worth in % of planes book value scaled up by age and hours (roughly 20% – 50% of planes value spread evenly across coverage period)? Not trying to sell anything here, I don’t know if such a company even exists (excluding those for jets), just collecting opinions for a possible business idea. Any input or desires around this would be appreciated. Thanks, George Sconyers PP-ASEL-IA Piper Saratoga II TC N6124M
We understand the term "Piss off" as we should go to the U.S. to present our theory ,is that right? Thanks for the advice. – Hide quoted text — Show quoted text – Does the term ‘piss off’ mean anything to you? Peter French To realize profit in profit organizations or companies using the theory of units , the organization’s objective should be determined at first then units that the organization deals with i.e. units which the organization trade in , produce , extract or classify are determined.After determining these units accurately and listing them in the organization’s chart of accounts theory of units starts to give real movement of each account in terms of quantity and value which result in the profit of that account during its daily movement. This is obvious in all organizations which deal with quantities.Questions may arise about how this is achieved in companies which deal with intangible units or cash (exchange) and about the way profit is determined in these companies. As mentioned before the organization’s objective and units should be determined, for example , an exchange organization that deal basically with the Kuwaiti dinar, purchase ten thousand (10000) U.S dollars, price of one dollar is (290) filses and sold of them (5000) dollars, dollar price is three hundred filses.The following diagram illustrates how profit is realized from this operation : Incoming Units (+) | Outgoing Units (-) (intangible ) | (intangible ) | No. price value in dinar | No. price value in dinar 10000 x290. = 2900 | 5000 x 300. = 1500 The purchasing | The selling operation in the | operation in the previous example | previous example = 50 | 5000 x 290. = 1450 Gross profit of | represents the the previous | remaining U.S operation | dollars 10000 Total 2950 Total | 10000 Total 2950 Total Units Values | Units Values In theory of units there are no purchases or sales but they are mentioned in this example for the purpose of simplifying. To show results in theory of units in the previous example (10000) U.S dollars were added to the organization at a price of two hundred and ninety filses . In the second operation (5000) U.S dollars are sold at a price of three hundred filses , from the previous diagram this accounting operation made profit of (50)U.S dollars. Finally , theory of units is general and could be applied in all fields whether in companies or agencies that deal with tangible units or authorities and organization which deal with intangible units, also profit authorities and authorities that aim to serve the public. Applying it to non-profit authorities is a lot easier than the double entry system that is applied in the governmental organization and agencies currently.Applying the theory and its benefit include all activities and all organizations. In addition to that extracting accounting data in theory of units is easy and accurate.Experiments proved that the theory saves about 50% of annul expenses for profit or non-profit companies or organizations whether they deal with tangible, intangible units or both.
Does the term ‘piss off’ mean anything to you? Peter French
– Hide quoted text — Show quoted text – To realize profit in profit organizations or companies using the theory of units , the organization’s objective should be determined at first then units that the organization deals with i.e. units which the organization trade in , produce , extract or classify are determined.After determining these units accurately and listing them in the organization’s chart of accounts theory of units starts to give real movement of each account in terms of quantity and value which result in the profit of that account during its daily movement. This is obvious in all organizations which deal with quantities.Questions may arise about how this is achieved in companies which deal with intangible units or cash (exchange) and about the way profit is determined in these companies. As mentioned before the organization’s objective and units should be determined, for example , an exchange organization that deal basically with the Kuwaiti dinar, purchase ten thousand (10000) U.S dollars, price of one dollar is (290) filses and sold of them (5000) dollars, dollar price is three hundred filses.The following diagram illustrates how profit is realized from this operation : Incoming Units (+) | Outgoing Units (-) (intangible ) | (intangible ) | No. price value in dinar | No. price value in dinar 10000 x290. = 2900 | 5000 x 300. = 1500 The purchasing | The selling operation in the | operation in the previous example | previous example = 50 | 5000 x 290. = 1450 Gross profit of | represents the the previous | remaining U.S operation | dollars 10000 Total 2950 Total | 10000 Total 2950 Total Units Values | Units Values In theory of units there are no purchases or sales but they are mentioned in this example for the purpose of simplifying. To show results in theory of units in the previous example (10000) U.S dollars were added to the organization at a price of two hundred and ninety filses . In the second operation (5000) U.S dollars are sold at a price of three hundred filses , from the previous diagram this accounting operation made profit of (50)U.S dollars. Finally , theory of units is general and could be applied in all fields whether in companies or agencies that deal with tangible units or authorities and organization which deal with intangible units, also profit authorities and authorities that aim to serve the public. Applying it to non-profit authorities is a lot easier than the double entry system that is applied in the governmental organization and agencies currently.Applying the theory and its benefit include all activities and all organizations. In addition to that extracting accounting data in theory of units is easy and accurate.Experiments proved that the theory saves about 50% of annul expenses for profit or non-profit companies or organizations whether they deal with tangible, intangible units or both.
To realize profit in profit organizations or companies using the theory of units , the organization’s objective should be determined at first then units that the organization deals with i.e. units which the organization trade in , produce , extract or classify are determined.After determining these units accurately and listing them in the organization’s chart of accounts theory of units starts to give real movement of each account in terms of quantity and value which result in the profit of that account during its daily movement. This is obvious in all organizations which deal with quantities.Questions may arise about how this is achieved in companies which deal with intangible units or cash (exchange) and about the way profit is determined in these companies. As mentioned before the organization’s objective and units should be determined, for example , an exchange organization that deal basically with the Kuwaiti dinar, purchase ten thousand (10000) U.S dollars, price of one dollar is (290) filses and sold of them (5000) dollars, dollar price is three hundred filses.The following diagram illustrates how profit is realized from this operation : Incoming Units (+) | Outgoing Units (-) (intangible ) | (intangible ) | No. price value in dinar | No. price value in dinar 10000 x290. = 2900 | 5000 x 300. = 1500 The purchasing | The selling operation in the | operation in the previous example | previous example = 50 | 5000 x 290. = 1450 Gross profit of | represents the the previous | remaining U.S operation | dollars 10000 Total 2950 Total | 10000 Total 2950 Total Units Values | Units Values In theory of units there are no purchases or sales but they are mentioned in this example for the purpose of simplifying. To show results in theory of units in the previous example (10000) U.S dollars were added to the organization at a price of two hundred and ninety filses . In the second operation (5000) U.S dollars are sold at a price of three hundred filses , from the previous diagram this accounting operation made profit of (50)U.S dollars. Finally , theory of units is general and could be applied in all fields whether in companies or agencies that deal with tangible units or authorities and organization which deal with intangible units, also profit authorities and authorities that aim to serve the public. Applying it to non-profit authorities is a lot easier than the double entry system that is applied in the governmental organization and agencies currently.Applying the theory and its benefit include all activities and all organizations. In addition to that extracting accounting data in theory of units is easy and accurate.Experiments proved that the theory saves about 50% of annul expenses for profit or non-profit companies or organizations whether they deal with tangible, intangible units or both.
Can the situation be fixed? Yes, but it will hurt.
We agree. — Jim Hudspeth, CFE, CPA http://survivalworks.com
I’m waiting for some one to arise, who will pay the considerable price, to lead the reformation. Can the situation be fixed? Yes, but it will hurt. We agree. — Jim Hudspeth, CFE, CPA http://survivalworks.com
– * Ronald Lee Todd M.B.A., C.P.A. * * Unemployed for six years, mistake of being an accountant. * * From the Socialist People’s Republic of Kalifornia, * * the Seventh worst state for business, * * Ayn Rand was right *
OOOH, my favorite behavioral summation word of what I saw as wrong with so many people, the "opinion leaders" (whew that’s an overworked puff phrase) of professional accounting included. I look at the AICPA, and what I see, is an organization that reflects its membership. No more, no less, no ulterior motives, no grand conspiracy. Being a real leader is hard, it takes a special type of person. That type of person usually (word stressed, it does not mean one hundred percent) does not turn up in accounting. The lemmings who went down the road of cheap and easy profits through sloppy audits and really bad consulting did it of there own free will has a group. The profession, following along as good little lemmings, didn’t discipline them. The colleges, another heard of lemmings, didn’t act as gate keeper and deny degrees to the amoral, unethical little furry ones. What few good men there are in the profession and the universities did nothing and bad won out. Can the situation be fixed? Yes, but it will hurt.
… not, however, call it’s membership as a "bunch of rats". I would rather refer to them as "lemming".
… — * Ronald Lee Todd M.B.A., C.P.A. * * Unemployed for six years, mistake of being an accountant. * * From the Socialist People’s Republic of Kalifornia, * * the Seventh worst state for business, * * Ayn Rand was right *
Perhaps, the concern is with the slow (if it acts at all) action it takes on those CPAs and firms that are reported for misconduct. Are there any statistics available that would shed light on the "policing" of the AICPA? I was told by my colleagues that a case we reported, which has been over 4 years now, has had no action that we are aware of. Tippy
– Hide quoted text — Show quoted text – Robert Frost wrote a poem about two roads diverging in a yellow wood and how he took the road less traveled and how that had made all the difference in his life. When you take his poem and you look at our CPA profession, it is evident that we have some CPAs who always see the glass half-full and we have other CPAs who always see the glass half-empty. continued at …http://www.cpatalk.com CPAs who want to place the blame on the AICPA or the history of the AICPA for what our profession is currently going through, are completely missing the mark! The public is not worried or concerned about the AICPA but they are very worried and concerned about CPAs who have not been doing what neeeds to be done to protect their interest.It’s time we go back to the business of protecting the public’s interest and doing it responsibly and with honesty and integrity. I fail to see what "the road less traveled" and "half empty / half full" have to do with each other. More to the point would be Matthew 7:13 – "Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it". The accounting "industry" has clearly taken the wrong road, and we need to correct our error. As to the AICPA, it seems to me that those letters represent the folks who so confidently took us down the wrong road. In my opinion it is time they were replaced. To: Jim Hudspeth The AICPA did not send us down the road of destruction. Maybe you need to look in the mirror and see if you or any of our colleagues shoulder any responsibility for the state that our profession in in today. Laying the blame on the AICPA is a cop-out and is a denial of responsibility and reality. At what point do we individual CPAs have responsibility for selling out and making bad decisions ? The AICPA is not the pied piper because if they were that would make us all a bunch of rats going through "Those wide gates". If I screw up I screw up ! It is not the AICPA’s fault. It is time we accept responsibility for what we do rather than looking around to blame someone else for our problems. That excuse just won’t sell. 4 Posted on March 5, 2002, 8:53 am Pacific by You Make Exactly My Point To: You Make Exactly My Point Dear "You Make Exactly My Point", You can go look in your own mirror. I haven’t been a member of the AICPA since 1979. Regarding "the pied piper" and "a bunch of rats": I like your metaphor regarding the AICPA, except that in my opinion you are dead wrong. The AICPA has been something of a "pied piper". I would not, however, call it’s membership as a "bunch of rats". I would rather refer to them as "lemming". 5 Posted on March 5, 2002, 3:35 pm Pacific by Jim Hudspeth http://www.cpatalk.com — Jim Hudspeth, CFE, CPA http://survivalworks.com
- Hide quoted text — Show quoted text – Robert Frost wrote a poem about two roads diverging in a yellow wood and how he took the road less traveled and how that had made all the difference in his life. When you take his poem and you look at our CPA profession, it is evident that we have some CPAs who always see the glass half-full and we have other CPAs who always see the glass half-empty. continued at …http://www.cpatalk.com CPAs who want to place the blame on the AICPA or the history of the AICPA for what our profession is currently going through, are completely missing the mark! The public is not worried or concerned about the AICPA but they are very worried and concerned about CPAs who have not been doing what neeeds to be done to protect their interest.It’s time we go back to the business of protecting the public’s interest and doing it responsibly and with honesty and integrity. I fail to see what "the road less traveled" and "half empty / half full" have to do with each other. More to the point would be Matthew 7:13 – "Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it". The accounting "industry" has clearly taken the wrong road, and we need to correct our error. As to the AICPA, it seems to me that those letters represent the folks who so confidently took us down the wrong road. In my opinion it is time they were replaced.
To: Jim Hudspeth The AICPA did not send us down the road of destruction. Maybe you need to look in the mirror and see if you or any of our colleagues shoulder any responsibility for the state that our profession in in today. Laying the blame on the AICPA is a cop-out and is a denial of responsibility and reality. At what point do we individual CPAs have responsibility for selling out and making bad decisions ? The AICPA is not the pied piper because if they were that would make us all a bunch of rats going through "Those wide gates". If I screw up I screw up ! It is not the AICPA’s fault. It is time we accept responsibility for what we do rather than looking around to blame someone else for our problems. That excuse just won’t sell. 4 Posted on March 5, 2002, 8:53 am Pacific by You Make Exactly My Point To: You Make Exactly My Point Dear "You Make Exactly My Point", You can go look in your own mirror. I haven’t been a member of the AICPA since 1979. Regarding "the pied piper" and "a bunch of rats": I like your metaphor regarding the AICPA, except that in my opinion you are dead wrong. The AICPA has been something of a "pied piper". I would not, however, call it’s membership as a "bunch of rats". I would rather refer to them as "lemming". 5 Posted on March 5, 2002, 3:35 pm Pacific by Jim Hudspeth http://www.cpatalk.com — Jim Hudspeth, CFE, CPA http://survivalworks.com
- Hide quoted text — Show quoted text – Robert Frost wrote a poem about two roads diverging in a yellow wood and how he took the road less traveled and how that had made all the difference in his life. When you take his poem and you look at our CPA profession, it is evident that we have some CPAs who always see the glass half-full and we have other CPAs who always see the glass half-empty. continued at …http://www.cpatalk.com CPAs who want to place the blame on the AICPA or the history of the AICPA for what our profession is currently going through, are completely missing the mark! The public is not worried or concerned about the AICPA but they are very worried and concerned about CPAs who have not been doing what neeeds to be done to protect their interest.It’s time we go back to the business of protecting the public’s interest and doing it responsibly and with honesty and integrity.
I fail to see what "the road less traveled" and "half empty / half full" have to do with each other. More to the point would be Matthew 7:13 – "Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it". The accounting "industry" has clearly taken the wrong road, and we need to correct our error. As to the AICPA, it seems to me that those letters represent the folks who so confidently took us down the wrong road. In my opinion it is time they were replaced. — Jim Hudspeth, CFE, CPA http://survivalworks.com
Robert Frost wrote a poem about two roads diverging in a yellow wood and how he took the road less traveled and how that had made all the difference in his life. When you take his poem and you look at our CPA profession, it is evident that we have some CPAs who always see the glass half-full and we have other CPAs who always see the glass half-empty. continued at …http://www.cpatalk.com
- Hide quoted text — Show quoted text – I know! How about "Soggy Guy {tm}"? You go to the Everglades in the Florida Keys and set up a giant figure made of straw, and then charge people to watch it absorb swamp water until it can no longer support its own weight and slumps over. Here in Lemuria we have an annual Moss Person festival. It pretty much goes all year. I found a book at the goodwill store the other day that was printed here in Portland Oregon in 1919, and he shows that all the old-testament events actually occurred on the west coast of north america, the northwest in particular. Joshua died in the Siskiyous.
That’s right, the Cascadia/Lemuria debate has been going on for centuries. Bet you didn’t know that Portland and Seattle were once named Gog and Magog, now did you? Onan and I know–we just argue about which was which. I still think Seattle was Magog, but Onan respectfully–OK, NOT that respectfully–disagrees. HELP SETTLE THE ARGUMENT! Vote here on alt.slack–which gog is which? The Prophet Lilith — =====Her Ladyship Rev Dkr St Popess Lilith von Fraumench, Esquire===== ===Prophet===Corrective Phrenologist===Supreme Commandrix===Devivor=== ==SSUCC 4739 University Way NE #1302 Seattle WA 98105 (877)=381-9354== ====Web: ssucc.ragnarokr.com = foolspress.com = mp3.com/foolspress====
This year, more than 30,000 participants X $200 a pop makes a $6,000,000 burning man. how the FUCK did they lose money on this? Stang didn’t mention this, but Puzzling Evidence suffered a high-velocity crash so intense that they had to rebuild him.
I sure hope they made him better than he was.
You are so wrong. Don’t you know that burning Man made no money this year and actually lost money? it really shows your immaturity that you think that it’s clever to criticize anything that grows beyond its humble beginnings as a sellout. Why don’t you try reading last falls’ issue of the Burning Man newsletter: an article by Larry addresses the knee-jerk questions about money that people who don’t understand the event are always raising. no money? he should jack it up to $300 so he can break even, poor guy.
Duh. Any decent accountant/lawyer can make a non-profit look like its losing money. That’s how they get people to donate. The real financial status of a non-profit is almost always a mystery, and good accountants are paid lots of money to keep it that way. T.
– Hide quoted text — Show quoted text – This year, more than 30,000 participants X $200 a pop makes a $6,000,000 burning man. how the FUCK did they lose money on this? Stang didn’t mention this, but Puzzling Evidence suffered a high-velocity crash so intense that they had to rebuild him. I sure hope they made him better than he was.
How does he deal with the running-in-slow-motion thing? — da Rev. Lance Boyle When correctly viewed, Everything is lewd. I could tell you things about Peter Pan And the Wizard of Oz – THERE’S A DIRTY OLD MAN!!! Before you buy.
This year, more than 30,000 participants X $200 a pop makes a $6,000,000 burning man. how the FUCK did they lose money on this?
It’s a venerable show business tradition to claim that one lost money on a show or event. It convinces really stupid people that crews put together shows for the fun of it, with only altruistic motives. Hard to imagine, but it’s true, people are really that stupid. so, save the elephants, or I’ll give them guns… http://www.save-the-elephants.org/
This year, more than 30,000 participants X $200 a pop makes a $6,000,000 burning man. how the FUCK did they lose money on this? It’s a venerable show business tradition to claim that one lost money on a show or event. It convinces really stupid people that crews put together shows for the fun of it, with only altruistic motives. Hard to imagine, but it’s true, people are really that stupid.
SHHHHHH. Damn it, pipe down…. The Prophet Lilith — =====Her Ladyship Rev Dkr St Popess Lilith von Fraumench, Esquire===== ===Prophet===Corrective Phrenologist===Supreme Commandrix===Devivor=== ==SSUCC 4739 University Way NE #1302 Seattle WA 98105 (877)=381-9354== ====Web: ssucc.ragnarokr.com = foolspress.com = mp3.com/foolspress====
– Hide quoted text — Show quoted text – This year, more than 30,000 participants X $200 a pop makes a $6,000,000 burning man. how the FUCK did they lose money on this? Stang didn’t mention this, but Puzzling Evidence suffered a high-velocity crash so intense that they had to rebuild him. I sure hope they made him better than he was. How does he deal with the running-in-slow-motion thing?
By making "ching-ching-ching" sounds from the side of his mouth, far as I’ve noticed. The Prophet Lilith — =====Her Ladyship Rev Dkr St Popess Lilith von Fraumench, Esquire===== ===Prophet===Corrective Phrenologist===Supreme Commandrix===Devivor=== ==SSUCC 4739 University Way NE #1302 Seattle WA 98105 (877)=381-9354== ====Web: ssucc.ragnarokr.com = foolspress.com = mp3.com/foolspress====
This year, more than 30,000 participants X $200 a pop makes a $6,000,000 burning man. how the FUCK did they lose money on this?
Stang didn’t mention this, but Puzzling Evidence suffered a high-velocity crash so intense that they had to rebuild him. The Prophet Lilith — =====Her Ladyship Rev Dkr St Popess Lilith von Fraumench, Esquire===== ===Prophet===Corrective Phrenologist===Supreme Commandrix===Devivor=== ==SSUCC 4739 University Way NE #1302 Seattle WA 98105 (877)=381-9354== ====Web: ssucc.ragnarokr.com = foolspress.com = mp3.com/foolspress====
graced us all with this gem of wisdom: Silicon Satan, a columnist for a San Francisco newspaper, the New Mission News, just wrote a vicious
Hi Paul! Relax. You will get all kinds of bad advice from Accounting Firms. The basic problem is they only want to deal with software that they are familiar with. Usually that means Bedford or it’s Windows version, Simply Acctg. or for the bigger guys, AccPac. I have never heard of Easy Acctg.. Perhaps you mean DacEasy? Anyway, I have seen, many times, Acctg. firms recommend Bedford or Simply Acctg. to many businesses where it was not well suited to that business’ requirements. Accountants get hung up on the General Ledger aspects to the exclusion of other day to day vital functions like Order Entry, Sales Analysis, Manufacturing, etc.. Tell your customer that he might be wise to look for another Accountant who can see beyond his/her narrow view of the world and will allow that there could just possibly be an Acctg. Software better suited to that particular business than just what the Accountant is familiar with. My experience has taught me that an Accountant is generally NOT the best person to ask about accounting software. They tend to have a rather myopic view of things. By the way, the Accountant in question wouldn’t be in Rossland by chance? Best of Luck! Peter McGowan
Opps I meant Simply Accounting Paul – Hide quoted text — Show quoted text – Would you see Easy Accounting as mud free place in your analogy or is it just another hole as deep but built differently? Paul Picard I once saw a Steve McQueen movie titled "The Reavers". The movie was set in the South in the days before paved roads. In a particularly memorable scene, Steve and a buddy were heading for a little action in Memphis in a Stutz Bearcat. They topped a hill at high speed and landed squarely in the middle of a huge mudhole. Almost immediately a farmer with a team of horses appeared out of nowhere and offered to pull the boys out – for a fee of course. The next scene showed Steve and his buddy heading over the next hill, as the farmer counted his money, hitched his horses to a nearby water wagon, and prepared to add a few barrels of water to the mudhole. When I hear about accountants recommending Quickbooks I keep seeing the image of that farmer and his waterwagon. We are told that Quickbooks is a simple program, geared toward non-accountants. It isn’t. For anything beyond the most basic functions, Quickbooks requires a significant level of knowledge and skill. If that knowledge and skill are not applied up front, someone has an expensive mess. A number of my peers have told me, some with a straight face, that Quickbooks is wonderful; an annuity for accountants. They are right. It is clearly a great seller, and it certainly does generate work for accountants. Personally, I would rather my clients spent more on software and software installation on the front end and less with me on the tail end. Nevertheless, if they insist of getting in the mudhole, I will show up with the horses and pull them out. I cannot, however, bring myself to add more water to the mudhole. Jim Hudspeth, CPA A silly notion: Who is the "customer" – the client or the Accounting firm. I am not aware of any fundamental accounting reason why Quickbooks is not "accountant" approved. It is a simple program, geared towards non-accountants. An accounting (firm) is hired generally to audit, review, or prepare financial statements. The software selected may help them if its compatible, easily audited etc. It is not however the key criteria for selecting the package. IMHO, they may have input into the selection of software I choose, but it is not their decision. My advice to your client is choose the most approriate software for your business. By the way, I am aware of some regional firms that recommend Quickbooks. Do accounting firms generally accept that their customers do their accounting with Quickbooks? Here in the Kootenays (BC) the only program that they teach at the local college is (not so) Easy Accounting. I even had a local accounting firm saying that they don’t want to have anything to do with Quickbook they want their customers to use Easy Accounting. I am a computer consultant and had recommended Quickbook after studying both packages and checking with one major accounting firm to make sure that it was compatible with their way of doing business. Now I look silly to learn that my customer was told to switch to Easy Accounting by his accountant and that the data entry clerk that he wanted to hire deals only with Easy Accounting??? Is this a common situation or is it just typical an out of the mainstream isolated community. Regards Paul Picard Share what you know. Learn what you don’t.
Would you see Easy Accounting as mud free place in your analogy or is it just another hole as deep but built differently? Paul Picard
Paul, I don’t know because I am not familiar with Easy Accounting. My point has to with a philosophy; an approach to system design. It has very little to do with any particular piece of software. The traditional way to design / select an accounting system is a fairly involved process. It involves analysis of needs, discussions with participants and planning. It is time consuming, expensive and hard work. Various vendors, Intuit being the most successful, have attempted to replace analysis, discussion and planning with hype, spin, and wishful thinking. The result has been what any competent system designer would have predicted; lots of people with big problems. My advice to any client is to "look before you leap". Take the time to realistically assess the requirements before committing to any particular piece of software. Then do it right the first time. That almost always means hiring someone with significant experience specific to the program to guide the installation. My problem with Quickbooks has to do with the way it is sold – not with the program itself. Accounting is not simple. It cannot be made simple. Any assertion by anyone that a piece of software will make accounting simple is simply wrong. Jim Hudspeth, CPA Share what you know. Learn what you don’t.
QuickBooks can do a lot for very little money (compared to the cost of other accounting programs). So, suggesting QuickBooks was probably good advice that you gave to your client. But QuickBooks doesn’t teach accounting. By that, I mean that it doesn’t really show you how to set a "chart of accounts", where certain income and expense items should be posted, etc. So, anyone who doesn’t understand accounting (like me) is not going to know how to set up QuickBooks or any other accounting program. We did it the hard way. We screwed everything up first, then asked for help. If I knew then what I know now, I would have located an accountant in our area who knew QuickBooks and had them help us do the set up and explain where and how we should be entering the data. The setup and initial training may only take a few hours and there are accounting people who will do that with you for about $45 to $60 per hour (U.S.) It seems odd to me that the accounting firm and data entry person your client wanted to use could not adapt themselves to use QuickBooks. But, there are plenty of firms and people who are familiar with QuickBooks. One source is to go to http://quickbooks.com and look up their list of QuickBooks Professional Advisors for your area. You’ll probably hear from some of those people via this newsgroup, but there are certainly some accounting firms listed in your local telephone directory who will be familiar with QuickBooks. – Hide quoted text — Show quoted text – Do accounting firms generally accept that their customers do their accounting with Quickbooks? Here in the Kootenays (BC) the only program that they teach at the local college is (not so) Easy Accounting. I even had a local accounting firm saying that they don’t want to have anything to do with Quickbook they want their customers to use Easy Accounting. I am a computer consultant and had recommended Quickbook after studying both packages and checking with one major accounting firm to make sure that it was compatible with their way of doing business. Now I look silly to learn that my customer was told to switch to Easy Accounting by his accountant and that the data entry clerk that he wanted to hire deals only with Easy Accounting??? Is this a common situation or is it just typical an out of the mainstream isolated community. Regards Paul Picard
I once saw a Steve McQueen movie titled "The Reavers". The movie was set in the South in the days before paved roads. In a particularly memorable scene, Steve and a buddy were heading for a little action in Memphis in a Stutz Bearcat. They topped a hill at high speed and landed squarely in the middle of a huge mudhole. Almost immediately a farmer with a team of horses appeared out of nowhere and offered to pull the boys out – for a fee of course. The next scene showed Steve and his buddy heading over the next hill, as the farmer counted his money, hitched his horses to a nearby water wagon, and prepared to add a few barrels of water to the mudhole. When I hear about accountants recommending Quickbooks I keep seeing the image of that farmer and his waterwagon. We are told that Quickbooks is a simple program, geared toward non-accountants. It isn’t. For anything beyond the most basic functions, Quickbooks requires a significant level of knowledge and skill. If that knowledge and skill are not applied up front, someone has an expensive mess. A number of my peers have told me, some with a straight face, that Quickbooks is wonderful; an annuity for accountants. They are right. It is clearly a great seller, and it certainly does generate work for accountants. Personally, I would rather my clients spent more on software and software installation on the front end and less with me on the tail end. Nevertheless, if they insist of getting in the mudhole, I will show up with the horses and pull them out. I cannot, however, bring myself to add more water to the mudhole. Jim Hudspeth, CPA – Hide quoted text — Show quoted text – A silly notion: Who is the "customer" – the client or the Accounting firm. I am not aware of any fundamental accounting reason why Quickbooks is not "accountant" approved. It is a simple program, geared towards non-accountants. An accounting (firm) is hired generally to audit, review, or prepare financial statements. The software selected may help them if its compatible, easily audited etc. It is not however the key criteria for selecting the package. IMHO, they may have input into the selection of software I choose, but it is not their decision. My advice to your client is choose the most approriate software for your business. By the way, I am aware of some regional firms that recommend Quickbooks. Do accounting firms generally accept that their customers do their accounting with Quickbooks? Here in the Kootenays (BC) the only program that they teach at the local college is (not so) Easy Accounting. I even had a local accounting firm saying that they don’t want to have anything to do with Quickbook they want their customers to use Easy Accounting. I am a computer consultant and had recommended Quickbook after studying both packages and checking with one major accounting firm to make sure that it was compatible with their way of doing business. Now I look silly to learn that my customer was told to switch to Easy Accounting by his accountant and that the data entry clerk that he wanted to hire deals only with Easy Accounting??? Is this a common situation or is it just typical an out of the mainstream isolated community. Regards Paul Picard
Share what you know. Learn what you don’t.
Would you see Easy Accounting as mud free place in your analogy or is it just another hole as deep but built differently? Paul Picard – Hide quoted text — Show quoted text – I once saw a Steve McQueen movie titled "The Reavers". The movie was set in the South in the days before paved roads. In a particularly memorable scene, Steve and a buddy were heading for a little action in Memphis in a Stutz Bearcat. They topped a hill at high speed and landed squarely in the middle of a huge mudhole. Almost immediately a farmer with a team of horses appeared out of nowhere and offered to pull the boys out – for a fee of course. The next scene showed Steve and his buddy heading over the next hill, as the farmer counted his money, hitched his horses to a nearby water wagon, and prepared to add a few barrels of water to the mudhole. When I hear about accountants recommending Quickbooks I keep seeing the image of that farmer and his waterwagon. We are told that Quickbooks is a simple program, geared toward non-accountants. It isn’t. For anything beyond the most basic functions, Quickbooks requires a significant level of knowledge and skill. If that knowledge and skill are not applied up front, someone has an expensive mess. A number of my peers have told me, some with a straight face, that Quickbooks is wonderful; an annuity for accountants. They are right. It is clearly a great seller, and it certainly does generate work for accountants. Personally, I would rather my clients spent more on software and software installation on the front end and less with me on the tail end. Nevertheless, if they insist of getting in the mudhole, I will show up with the horses and pull them out. I cannot, however, bring myself to add more water to the mudhole. Jim Hudspeth, CPA A silly notion: Who is the "customer" – the client or the Accounting firm. I am not aware of any fundamental accounting reason why Quickbooks is not "accountant" approved. It is a simple program, geared towards non-accountants. An accounting (firm) is hired generally to audit, review, or prepare financial statements. The software selected may help them if its compatible, easily audited etc. It is not however the key criteria for selecting the package. IMHO, they may have input into the selection of software I choose, but it is not their decision. My advice to your client is choose the most approriate software for your business. By the way, I am aware of some regional firms that recommend Quickbooks. Do accounting firms generally accept that their customers do their accounting with Quickbooks? Here in the Kootenays (BC) the only program that they teach at the local college is (not so) Easy Accounting. I even had a local accounting firm saying that they don’t want to have anything to do with Quickbook they want their customers to use Easy Accounting. I am a computer consultant and had recommended Quickbook after studying both packages and checking with one major accounting firm to make sure that it was compatible with their way of doing business. Now I look silly to learn that my customer was told to switch to Easy Accounting by his accountant and that the data entry clerk that he wanted to hire deals only with Easy Accounting??? Is this a common situation or is it just typical an out of the mainstream isolated community. Regards Paul Picard Share what you know. Learn what you don’t.
Do accounting firms generally accept that their customers do their accounting with Quickbooks? Here in the Kootenays (BC) the only program that they teach at the local college is (not so) Easy Accounting. I even had a local accounting firm saying that they don’t want to have anything to do with Quickbook they want their customers to use Easy Accounting. I am a computer consultant and had recommended Quickbook after studying both packages and checking with one major accounting firm to make sure that it was compatible with their way of doing business. Now I look silly to learn that my customer was told to switch to Easy Accounting by his accountant and that the data entry clerk that he wanted to hire deals only with Easy Accounting??? Is this a common situation or is it just typical an out of the mainstream isolated community. Regards Paul Picard
A silly notion: Who is the "customer" – the client or the Accounting firm. I am not aware of any fundamental accounting reason why Quickbooks is not "accountant" approved. It is a simple program, geared towards non-accountants. An accounting (firm) is hired generally to audit, review, or prepare financial statements. The software selected may help them if its compatible, easily audited etc. It is not however the key criteria for selecting the package. IMHO, they may have input into the selection of software I choose, but it is not their decision. My advice to your client is choose the most approriate software for your business. By the way, I am aware of some regional firms that recommend Quickbooks. – Hide quoted text — Show quoted text – Do accounting firms generally accept that their customers do their accounting with Quickbooks? Here in the Kootenays (BC) the only program that they teach at the local college is (not so) Easy Accounting. I even had a local accounting firm saying that they don’t want to have anything to do with Quickbook they want their customers to use Easy Accounting. I am a computer consultant and had recommended Quickbook after studying both packages and checking with one major accounting firm to make sure that it was compatible with their way of doing business. Now I look silly to learn that my customer was told to switch to Easy Accounting by his accountant and that the data entry clerk that he wanted to hire deals only with Easy Accounting??? Is this a common situation or is it just typical an out of the mainstream isolated community. Regards Paul Picard
I am looking for more information on consolidation. Basically where larger corporations buy smaller growing companies. This company is in the Telecommunications Industry. The companies CPA wanted me to look on the web He gave a list of a few companies such as clover communications Comuter Company of America Bell South Lucent Technology Thank You, Shawn Brown
This is a highly technical area. Why not try an advanced accounting text instead? If you are an accounting layperson, I assure you that it will be difficult to follow; however, it should give you a good overview of the subject matter — I assume you just need a feel.
I am looking for more information on consolidation. Basically where larger corporations buy smaller growing companies. This company is in the Telecommunications Industry. The companies CPA wanted me to look on the web for information. If you can help e-mail me at:
He gave a list of a few companies such as clover communications Comuter Company of America Bell South Lucent Technology Thank You, Shawn Brown ==—–
newsreading
Re: Shawn Brown’s 4/29/98 posting that created the thread above Hi Shawn Brown: When companies acquire other companies the accountant has to consider several matters. These include: 1. How does the acquiring company account for the acquisition of the acquired company? There are generally two ways to do this. One is called a "purchase" and usually comes into play when cash is paid for the acquired company. The other method (whose name escapes me) comes into play when the acquiring company uses its stock as consideraion to buy the acquired company. 2. The process of consolidating the accounting records of the acquired company with those of the acquiring company depend on the method used to record the acquisition in number 1 above. All the above may sound confusing but if you look into an "Advanced Accounting" college text book, you should find several chapters on acqisitions and consolidations, including sample journal entries. I hope that this gives you a brief overview of this complex area of accounting and bookkeeping. The tax aspects of the above also have to be considered. Best regards, Al Gershen, Grants Pass, OR, USA Have a good day (or night) on the web. Also, WEBTV "really" works great!