Question:

Intermediate Accounting problem from text book Is Imputed interest on funds used during construction of a new building (stock financing) charged to the asset building?

Response:

Intermediate Accounting problem from text book Is Imputed interest on funds used during construction of a new building (stock financing) charged to the asset building?

Construction interest is capitalized into the cost of the building. — Paul A. Thomas, CPA Athens, Georgia taxman at negia.net

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Question:

"Ridwan Hughes"  wrote Does anyone else find it difficult to keep track of sales? Has anyone got any good methods/solutions? Buy a home tattoo kit then use it to put the auction numbers on your arms/legs. Keep the arms for purchases and the legs for sales. Hope that helps. Rid

Here ya go: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2156659289 http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=740873274 http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2152613338 HTH link

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"Kris Baker" wrote "Wildwood"  wrote alt.marketing.online.ebay… "={ JONESY }=" declared: Does anyone else find it difficult to keep track of sales? nope Has anyone got any good methods/solutions? make a system and stick too it. What he said. Bill What they said. Kris

All said and done. link

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– Hide quoted text — Show quoted text -"Kris Baker" wrote "Wildwood"  wrote alt.marketing.online.ebay… "={ JONESY }=" declared: Does anyone else find it difficult to keep track of sales? nope Has anyone got any good methods/solutions? make a system and stick too it. What he said. Bill What they said. Kris All said and done.

snap, snap, click, click say no more! robert "If people bring so much courage to this world the world has to kill them to break them, so of course it kills them. The world breaks every one and afterward many are strong at the broken places.  But those that will not break it kills. It kills the very good and the very gentle and the very brave impartially.   If you are none of these you can be sure it will kill you too but there will be no special hurry."

Response:

Does anyone else find it difficult to keep track of sales?

Yeah, it’s a bite. Volunteers of America gives a 50% discount on clothes on Tuesday, St. Vincent DePaul doesn’t have sales, but they have free bread on Thursdays, the last five days of the month Goodwill has a 50% off sale, and the Salvation Army and Twig reduces stuff based on the color of the tags. Then you’ve got some of the supermarkets starting on Sunday and ending on Saturday, and others starting on Saturday and running through Friday, plus special meat sales on some Tuesdays and produce deals on Thursdays, and that doesn’t begin to cover places like Best Buy and Sears. Not to mention the gas stations, who lower their prices on Monday through Wednesday, and then raise them 20

Question:

New Hampshire?  If so have you noticed that they have a property tax that will knock your socks off.

Tennessee – Sales tax is well more than double than here. As far as I know, they have no Personal Property Taxes either, leastwise not on cars, but the license plates are quite high. Here is something else interesting, where I currently live, we can choose for example the trash collection service we use and pay them directly.  Needless to say, competition keeps the price down, we pay around 35 dollars per quarter for twice a week trash pickup. The adjoining city had the same deal until only a couple of years ago, when the city decided to contract for trash service.  Their taxes were increased by 256 dollars to cover this ‘now free’ service.  Duh, they are now paying over 60 dollars per quarter for trash pickup and they cannot pick and choose which company they want.  Seems most cities have gone this route of price gouging their citizens by charging double or triple the actual cost. In a city of only 25,000 families, that’s an increase in revenues to the city of well over 1/2 million dollars for them to waste on more unnecessary governmental offices.  Afterall, they now need to keep track of their collections and expenditures for trash service at costs a hundred times over the costs the trash companies ever incurred to provide the same accounting records. Gary

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 I was quite surprised to find out the state my new spouse was born and raised in still does not have an income tax.

New Hampshire?  If so have you noticed that they have a property tax that will knock your socks off. "It’s God’s job to sort out what to do with terrorists.    It’s our job to deliver them to God. " I’m allergic to spam. Remove "No Spam" from my e-mail address to respond. —–= Posted via Newsfeeds.Com, Uncensored Usenet News =—– http://www.newsfeeds.com – The #1 Newsgroup Service in the World! —–==  Over 80,000 Newsgroups – 16 Different Servers! =—–

Response:

An I wouldn’t touch it with your pole <g Thanks. I really do need that pole <g.

Ok.  Enough is enough.  I’m part Polish and I resemble that remark. — Paul A. Thomas, CPA Athens, Georgia http://www.pat-cpa.com

Response:

Hi Chris The IRS is only concerned with collecting tax from sources of your income, which is only a small portion of the taxes we pay each year. Although I complain the loudest about the myrad of taxes without a source of income to cover them that we do pay, tax on income I have never complained about, the government has to run somehow.  I was quite surprised to find out the state my new spouse was born and raised in still does not have an income tax. Personally, I think all taxes not backed by a source of income to pay them should be abolished.  Especially taxes like personal property, real estate and all excise taxes.  Afterall, you paid tax on the income used to purchase these items, you then payed sales tax using the money that was already once taxed when you purchased them, etc. Taxation without income to pay the tax is stealing.  The governments intent is to steal your home, your car, and your land, right out from under you.  The Constitution says we shall not pay tax upon tax. Which should have read quite broader, we should not be retaxed on the money we already paid tax on.  But we all know the sly little folks in Washington DC understand that to mean we shall not be taxed upon the tax we paid, duh.  Was that the intent of our forefathers?  What was the Boston Tea Party all about anyhow?  Taxation on assets, or actually taxation on inventory, in this case a shipment of tea. TTUL Gary

Response:

The address is hotmail and the posting host Shaw Cable Alberta Canada.

That would indicate that it wouldn’t be Inland Revenue or Internal Revenue that would be interested, but rather the Canada Customs and Revenue Agency. The notion that the guy’s posting from Alberta isn’t terribly remarkable.  A lot of the "anti-tax nuts" movements in Canada are based in Alberta; it kind of gets the same rap in Canada as Montana does south of the border, being Very Cold in the winter, and, being distant from the national capitals (e.g. – Washington, DC, or Ottawa, Ontario), these places have more than average amounts of this sort of "dissent." CCRA doesn’t have nearly the set of "police powers" that the IRS does, so those that dissent don’t seem to have the fear that seems common in the US… — http://www3.sympatico.ca/cbbrowne/lisp.html Microsoft: The Scientology of Computing

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An I wouldn’t touch it with your pole <g

Thanks. I really do need that pole <g. — Jim Hudspeth, CFE, CPA   http://survivalworks.com

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Then suddenly, the tenant said he will not allow me to buy it due to insufficident credit. Its probably because my salary for the past few years have been in Cash.  Yes pure cash and I haven’t done any of reporting tax because I wasn’t paid in cheque.  Its probably that they think I dont have the ability to pay the rent?  

I assume you explained this to the land owner.  You ran into a cultural difference.  In civilized worlds people don’t really all cheat on their taxes.  In fact, the only ones who say, ‘oh, everybody does it’ are actually the only ones that do.  The land owner may not like you and may not want you around. I live in a house and i own it.  Its worth $400,000, and I have a car worth $20,000, and some bonds, RRSP, etc. no stocks though. I’ve got pretty much asset, over $450,000,  so why wouldn’t he let me do it?

Well, you left off a huge liability: everything you own is about to be siezed by the Revenue Agents.  Your only hope is to get a good tax attorney and come forward willingly – then MAYBE you can save yourself from being thrown in jail. Perhaps you’ll eventually learn that you have to pay taxes not because someone is MAKING you, but because that’s the deal in your country.  You get roads, a ready market, an educated work-force, no invading armies, a stable currency, etc. etc. and in exchange for this infrastructure you (yes, YOU) pay taxes.   I know too many good people who really struggle to pay their taxes to have any patience for the people who think the rules don’t apply to them. Wendy Marsden, CPA & EA in MA

Response:

Hi Malni Why not agree with the tenant to place on deposit in his/her name a trust fund that pays them the monthly rent and you the interest for the first year.  Or, make a deposit for less than 5 years rent that the interest earned will bring it up to the correct amount by the time the last payment of rent is due. I assume you are in the UK using the word Tenant for the land Owner. TTUL Gary

Response:

The address is hotmail and the posting host Shaw Cable Alberta Canada. – Hide quoted text — Show quoted text – Hi Malni Why not agree with the tenant to place on deposit in his/her name a trust fund that pays them the monthly rent and you the interest for the first year.  Or, make a deposit for less than 5 years rent that the interest earned will bring it up to the correct amount by the time the last payment of rent is due. I assume you are in the UK using the word Tenant for the land Owner. TTUL Gary

Response:

An I wouldn’t touch it with your pole <g

– Hide quoted text — Show quoted text – Its probably because my salary for the past few years have been in Cash.  Yes pure cash and I haven’t done any of reporting tax because I wasn’t paid in cheque. You come in here proclaiming that you’ve committed tax fraud and then ask us how to bolster your credit?? I wouldn’t touch this with a ten foot insulated pole. — Jim Hudspeth, CFE, CPA http://survivalworks.com

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It’s called money laundering….I wonder if he can be tracked… wake up FINCEN    http://www.treas.gov/fincen/ Financial Crimes Enforcement Network Jim

– Hide quoted text — Show quoted text – Well, lets see, my first suggestion would be to quit being a major drain on the damn economy and pay your freakin share of taxes you cheap bastard. Why don’t you go to a mortgage company and take out a loan on your big ole fancy $400,000.00 house.  Oh yeah, you can’t cause you don’t have any legal income.  Damn the drug pushing, strip dancing, leg breaking business has so many down sides to it.  Life sucks, get in line asshole and quit expecing cuts. Its probably because my salary for the past few years have been in Cash.  Yes pure cash and I haven’t done any of reporting tax because I wasn’t paid in cheque.  Its probably that they think I dont have the ability to pay the rent?

Response:

Its probably because my salary for the past few years have been in Cash.  Yes pure cash and I haven’t done any of reporting tax because I wasn’t paid in cheque.  

You come in here proclaiming that you’ve committed tax fraud and then ask us how to bolster your credit?? I wouldn’t touch this with a ten foot insulated pole. — Jim Hudspeth, CFE, CPA   http://survivalworks.com

Response:

Well, lets see, my first suggestion would be to quit being a major drain on the damn economy and pay your freakin share of taxes you cheap bastard. Why don’t you go to a mortgage company and take out a loan on your big ole fancy $400,000.00 house.  Oh yeah, you can’t cause you don’t have any legal income.  Damn the drug pushing, strip dancing, leg breaking business has so many down sides to it.  Life sucks, get in line asshole and quit expecing cuts.

– Hide quoted text — Show quoted text – Its probably because my salary for the past few years have been in Cash.  Yes pure cash and I haven’t done any of reporting tax because I wasn’t paid in cheque.  Its probably that they think I dont have the ability to pay the rent?

Response:

Its probably because my salary for the past few years have been in Cash.  Yes pure cash and I haven’t done any of reporting tax because I wasn’t paid in cheque.  Its probably that they think I dont have the ability to pay the rent?

How will you be able to pay your rent after the IRS seizes all of your assets and throws you in jail for fraud and tax evasion? If I was the landlord I wouldn’t want you around either. P.B. Smith, CPA

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Theres this restaurant that is very well established and making alot of money.  The restaurant owner ( not the tenant that owns the land ) and I have came to an agreement to buy his business.   Everything is pretty much talked and worked out, and I’ve paid $1000 lawyer fee to have the lawyer help me do forms and incorporate the restaurant.  Then suddenly, the tenant said he will not allow me to buy it due to insufficident credit. Its probably because my salary for the past few years have been in Cash.  Yes pure cash and I haven’t done any of reporting tax because I wasn’t paid in cheque.  Its probably that they think I dont have the ability to pay the rent?   I live in a house and i own it.  Its worth $400,000, and I have a car worth $20,000, and some bonds, RRSP, etc. no stocks though. The restaurant was going to cost me $200,000 and monthly lease cost was only a few thousand. I’ve got pretty much asset, over $450,000,  so why wouldn’t he let me do it? Anybody got some tips or strageties on what I can do to get some more trust from the tenant?  I haven’t talked to the lawyer again yet, would he be able to help me more? Thanks.

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Question:

Hi Ron, I think you hit the nail on the head.  We have been tied to the UK much more than you guys.  That is slowly changing, and I guess our vocabulary will begin to reflect that change.  Just hope we aren’t going to import "ain’t", "gotten" and "off of".  Of course you could take in exchange such words as "cobber", "dinkum" and "G’day mate", sad about Fosters though! Regards, Ken Russell Sydney Australia

– Hide quoted text — Show quoted text – Hi Randy, Here’s a couple more for you. Creditors is the same as Accounts Payable. I have not seen that either. Stock can be the same as Inventory, though in the US stock refers to what we call shares. In a sentence I might say, I own stock in Acme, or I own 40 shares of Acme.  Saying 40 shares of stock would be redundant, but we do that too.  I could also say I own stock, about thirty head of cattle and twelve sheep.  The live stock futures, as opposed to stock (share) futures which are usually called options, would be traded on the commodity exchange, but the heard would be taken (or driven (older term)) to market.  The stock exchanges might be collectively referred to as the market, as, the market went down today. American english is a very open language.  You have a work we collectively like better than an existing one, we will adopt it as our own. However, replacing "beer" with "Fosters" hasn’t been going anywhere.:-) Strangely, in Australia we call the place for selling shares the Stock Market, and sometimes the Share Market, but news reports always refer to movements in share prices, never stock prices.  I guess it depends on which university one went to. Could be, but I think it was because you folks were closer to England for a longer time that we’uns. (we’uns is dialect for us) — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

Response:

Hi Randy, Here’s a couple more for you. Creditors is the same as Accounts Payable.

No, the people who owe our company the Accounts Payable are a subset of the creditors of our company. Stock can be the same as Inventory, though in the US stock refers to what we call shares.

The meaning of "stock," like many other terms in accounting, depends upon the context in which it is used. Shareholders is becoming more commonly used in my part of the U.S. as a synonym for stockholders. Strangely, in Australia we call the place for selling shares the Stock Market, and sometimes the Share Market, but news reports always refer to movements in share prices, never stock prices.  I guess it depends on which university one went to.

Maybe the news reporters and editors remember another meaning of "stock," that is, cattle. easy2000

Response:

I certainly know what a debtor is, I just wanted to make sure the poster and I were on the same page before I attempted to answer the wrong question.  As Ron pointed out, while the term debtors has the same meaning in the U.S., it is not used as a synonym for accounts receivable in financial reporting.

– Hide quoted text — Show quoted text – Randy, Everyone knows (or should know) that debtors is another name for accounts receivable. Ken Russell Sydney Australia Just a few questions: Is capital contributed to the business at the beginning of the year by the owner included in the Profit and Loss Account? No. Are debtors included in the Profit and Loss Account? Not use what you mean by including "debtors".  Do you mean accounts receivable, accounts payable, loan proceeds, loan payments or something else?  Depending on what you mean by "debtors" it may depend on your method of accounting, cash or accrual.

Response:

Just a few questions: Is capital contributed to the business at the beginning of the year by the owner included in the Profit and Loss Account?

No. Are debtors included in the Profit and Loss Account?

Not use what you mean by including "debtors".  Do you mean accounts receivable, accounts payable, loan proceeds, loan payments or something else?  Depending on what you mean by "debtors" it may depend on your method of accounting, cash or accrual.

Response:

Randy, Everyone knows (or should know) that debtors is another name for accounts receivable. Ken Russell Sydney Australia

– Hide quoted text — Show quoted text – Just a few questions: Is capital contributed to the business at the beginning of the year by the owner included in the Profit and Loss Account? No. Are debtors included in the Profit and Loss Account? Not use what you mean by including "debtors".  Do you mean accounts receivable, accounts payable, loan proceeds, loan payments or something else?  Depending on what you mean by "debtors" it may depend on your method of accounting, cash or accrual.

Response:

Randy, Everyone knows (or should know) that debtors is another name for accounts receivable.

Its news to me.  In the United States of America I have never seen the term "debtors" used in a chart of accounts, balance sheet, or text.  I have never before read that the accountant may substitute it for the term "Accounts Receivable."   Just goes to show that the internet is a valuable learning tool. — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

Response:

Hi Randy, Here’s a couple more for you. Creditors is the same as Accounts Payable. Stock can be the same as Inventory, though in the US stock refers to what we call shares. Strangely, in Australia we call the place for selling shares the Stock Market, and sometimes the Share Market, but news reports always refer to movements in share prices, never stock prices.  I guess it depends on which university one went to. Regards, Ken Russell Sydney Australia

– Hide quoted text — Show quoted text – Randy, Everyone knows (or should know) that debtors is another name for accounts receivable. Its news to me.  In the United States of America I have never seen the term "debtors" used in a chart of accounts, balance sheet, or text.  I have never before read that the accountant may substitute it for the term "Accounts Receivable." Just goes to show that the internet is a valuable learning tool. — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

Response:

Correction. Strangely, in Australia we call the place for selling shares the Stock Market,

This should read Stock Exchange, not Market. We do however interchange the terms Stock Market and Share Market. Ken Russell Sydney Australia

– Hide quoted text — Show quoted text – Hi Randy, Here’s a couple more for you. Creditors is the same as Accounts Payable. Stock can be the same as Inventory, though in the US stock refers to what we call shares. Strangely, in Australia we call the place for selling shares the Stock Market, and sometimes the Share Market, but news reports always refer to movements in share prices, never stock prices.  I guess it depends on which university one went to. Regards, Ken Russell Sydney Australia Randy, Everyone knows (or should know) that debtors is another name for accounts receivable. Its news to me.  In the United States of America I have never seen the term "debtors" used in a chart of accounts, balance sheet, or text.  I have never before read that the accountant may substitute it for the term "Accounts Receivable." Just goes to show that the internet is a valuable learning tool. — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

Response:

Hi Randy, Here’s a couple more for you. Creditors is the same as Accounts Payable.

I have not seen that either. Stock can be the same as Inventory, though in the US stock refers to what we call shares.

In a sentence I might say, I own stock in Acme, or I own 40 shares of Acme.  Saying 40 shares of stock would be redundant, but we do that too.  I could also say I own stock, about thirty head of cattle and twelve sheep.  The live stock futures, as opposed to stock (share) futures which are usually called options, would be traded on the commodity exchange, but the heard would be taken (or driven (older term)) to market.  The stock exchanges might be collectively referred to as the market, as, the market went down today. American english is a very open language.  You have a work we collectively like better than an existing one, we will adopt it as our own. However, replacing "beer" with "Fosters" hasn’t been going anywhere.:-) Strangely, in Australia we call the place for selling shares the Stock Market, and sometimes the Share Market, but news reports always refer to movements in share prices, never stock prices.  I guess it depends on which university one went to.

Could be, but I think it was because you folks were closer to England for a longer time that we’uns. (we’uns is dialect for us) — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

Response:

Just a few questions: Is capital contributed to the business at the beginning of the year by the owner included in the Profit and Loss Account? Are debtors included in the Profit and Loss Account? Hope someone can help, Cheers

Response:

Just a few questions: Is capital contributed to the business at the beginning of the year by the owner included in the Profit and Loss Account?

No. Are debtors included in the Profit and Loss Account?

No. Hope someone can help, Cheers

– Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

Response:

Gavin, Sounds like you need to study the subject and not rely on other people’s answers. These are really really really… basic questions.  Most students post interesting questions, I have never seen any as elementary as this. Spend more time with your text book rather than on the net. Ken Russell Sydney Australia

– Hide quoted text — Show quoted text – Just a few questions: Is capital contributed to the business at the beginning of the year by the owner included in the Profit and Loss Account? Are debtors included in the Profit and Loss Account? Hope someone can help, Cheers

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Question:

Hi, I am looking for accounting software that lets you interact with Java/JSP. Basically I need software that will let you take information from a eccomerce site/server and put it into the software via Java/JSP. Sort of like Great Plains but with Java tools. Any ideas?

Keep your eyes on NetLedger, they’re coming up on release 5. Supposedly sooner or later they will open their XML interfaces to the owners of the accounting data.  They already have it working with integration partners so there’s not much doubt, sooner or later there will be integration to users sites, too, http://www.smbxml.org That will be cool if you can transmit sales and inventory events realtime to NetLedger, I wonder if they will put up some kind of middleware server, to ensure message delivery, that kind of stuff. I imagine it will be SOAP.  This is total speculation, just a guess, Todd   www.gldialtone.com

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 Hi, I am looking for accounting software that lets you interact with Java/JSP. Basically I need software that will let you take information from a eccomerce site/server and put it into the software via Java/JSP. Sort of like Great Plains but with Java tools. Any ideas? — </Matt Before you buy.

Response:

Why do you insist on the accounting program having a Java/JSP interface. Now we have a e-Business and Accounting software solution that uses Microsoft’s ASP technology. Icode introduces Accware Online (http://www.accwareonline.com), the comprehensive, state-of-the-art, Internet business solution.  Accware Online provides you with a system that can have you selling your products on the Internet in minutes.  Your customers can not only order products but also check their account history with your company, track order shipment status, obtain detailed item specifications, view stock status, receive special pricing, process credit cards, manage a matrix of sales tax and freight tables for multiple destinations, and request RMAs.  Accware Online allows data to flow back and forth seamlessly from Accware for Windows to your online customers. Changes made in Accware for Windows are automatically updated on your web site. The best part about Accware Online is that it’s priced well below competitors who don’t offer nearly as many features.  It enables you to take advantage of one integrated software system to run all aspects of you business. Accware Online runs on client/server technology, therefore your employees’ and customers’ online data entries will be instantaneously reflected on your central database server with zero risk of data corruption and downtime. Accware Online is written in a combination of C++, Delphi and Fivewin. There are about 1.5 million lines of code.  The backend uses "Advantage Database Server" (http://www.advantagedatabase.com SQL/ODBC compliant which is included, or you can use any SQL/ODBC compliant server).  The business logic is encapsulated and completely implemented as a set of active server components based on the Microsoft-COM industry standard (Component Object Model) so that only the presentation and validation logic is delegated to the ASP’s, resulting in superior performance and easier customization when compared to standard ASP’s. Other than your requirement for Java/JSP, if I may me of help, or if you would like to request a demo CD/brochure, please cantact me. Joe Morris e-Business Accounting Sales Consultant Icode, Inc. http://www.icode.com – Hide quoted text — Show quoted text –  Hi, I am looking for accounting software that lets you interact with Java/JSP. Basically I need software that will let you take information from a eccomerce site/server and put it into the software via Java/JSP. Sort of like Great Plains but with Java tools. Any ideas? — </Matt Before you buy.

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Question:

NYC based ERP/Finance/Accounting Software Company is looking for an offsite experienced programmer to customize, modify and develop SBT software. This is a full telecommuting position and no travel is required. You must have at least 5 years of SBT experience including VP2000, SBT Pro 3.0-5.0 and Executive series. (FoxPro, Visual FoxPro, PowerBuilder). Most of the work is in the Pro series.  You will be working from the Analysis&Design phase to the Q&A-Testing phase.  Part-time position requiring only couple of hours of availability a day, could evolve to full-time work.  Compensation will be defined per project. This position requires: -intermediate to senior level person -mid-size business accounting experience -experience with PO, AR, AP, GL, OE/SO, JC, IC, Manufacturing, Fixed Assets, Multi-currency, Payroll, HR, Bank, …etc -documentation skills -broad online availability and fast access to internet (cable, DSL or eq.) -very good knowledge of languages/databases/OS…. or call 212-244 1226

Response:

NYC based ERP/Finance/Accounting Software Company is looking for an off site experienced programmer to customize, modify and develop SBT software. This is a full telecommuting position and no travel is required. You must have at least 5 years of SBT experience including VP2000, SBT Pro 3.0-5.0 and Executive series. (FoxPro, Visual FoxPro, PowerBuilder). Most of the work is in the Pro series.  You will be working from the Analysis&Design phase to the Q&A-Testing phase.  Part-time position requiring only couple of hours of availability a day, could evolve to full-time work.  Compensation will be defined per project. This position requires: -intermediate to senior level person -mid-size business accounting experience -experience with PO, AR, AP, GL, OE/SO, JC, IC, Manufacturing, Fixed Assets, Multi-currency, Payroll, HR, Bank, …etc -documentation skills -broad online availability and fast access to internet (cable, DSL or eq.) -very good knowledge of languages/databases/OS…. or call 212-244 1226

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Question:

– Hide quoted text — Show quoted text – The military pays nothing for the system at all, Okay, but what can be done about that?  Charge the military for the services they receive?  That cost would then just have to be made part of the defense budget. Who really cares? The real problem is that twits like "machogrande" (machito?) spread the lie that we in GA don’t pay our "fair share" of the costs of using a system that was built to military/airline specs. We really find this attitude over in the bicycle/public transit newsgroups.

Twit??? You must be a British conservative.  The worst kind.

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– Hide quoted text — Show quoted text – The military pays nothing for the system at all, Okay, but what can be done about that?  Charge the military for the services they receive?  That cost would then just have to be made part of the defense budget. Who really cares? I think that’s what I said.  Charging the military would make no difference as they’re funded by taxes already. The real problem is that twits like "machogrande" (machito?) spread the lie that we in GA don’t pay our "fair share" of the costs of using a system that was built to military/airline specs. Agreed.  Very little of the system could be shut down if general aviation didn’t exist.

Well perhaps you are right. It would seem to me, however, that if GA is paying a disproportionate share of the cost of the system, that the General Aviation lobby would be all in favor of user fees.  After all, what better way to fix the disparity than to have everyone pay for the services they actually use, and then GA would not be "subsidizing" the rest of the system. Strangely enough, however, it is here that all my conservative aviation friends depart from their philosophy of everyone being responsible for his own actions and paying his own way. I wonder why. – Hide quoted text — Show quoted text –

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It would seem to me, however, that if GA is paying a disproportionate share of the cost of the system, that the General Aviation lobby would be all in favor of user fees.  After all, what better way to fix the disparity than to have everyone pay for the services they actually use, and then GA would not be "subsidizing" the rest of the system.

I think the protest against user fees is not necessarily that the principle is unfair, but it would end up being just an additional tax. Fuel taxes would not go down one cent to compensate. If they gave a reasonable fee structure, then abolished all avgas taxes, you’d have a point – but that’s not what they’d do in the schemes they’ve been trying to pass so far. Also, look at all the other countries with user fees – they all have much higher taxes on avgas than are present in the US. The combined taxes and user fees in some countries represent appaling value for money (look at the fees you get charged after landing somewhere in Germany, and that’s in addition to tax on fuel – with all the money they’d charge, they should have the best general aviation system in the world, but instead the service is in fact quite poor). The current system in the US (IMHO) offers good value for money despite being imperfect. Secondly, user fees cost money to collect – a whole new billing infrastructure would need to be implemented. Flying clubs and FBO’s would have to institute quite a bit of extra accounting (requiring extra staff and expense) to ensure the right fees are collected from the right renter since it’s going to end up being charged to the N-number of the plane (and if the FBO/clubs don’t do it, then the government has to set up this infrastructure – yet more expense). The current system, whilst not perfect, is at least simple, easy and cheap to collect. All it’d end up doing is putting up the cost of flying without funding the system any better – like in Europe, it would represent appaling value for money. — Dylan Smith, Houston TX. http://www.icct.net/~dyls "Maintain thine airspeed, lest the ground come up and smite thee"

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The military pays nothing for the system at all not true. Who do you think is paying for the development of the ASR-11 and contributing to the development of STARS? Who do you think pays for, maintains, and staffs all those RAPCONs and military towers that provide services to civil aviation? —

We do, the taxpayers. Julio * Sent from RemarQ http://www.remarq.com The Internet’s Discussion Network * The fastest and easiest way to search and participate in Usenet – Free!

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It has been my observation that most pilots, whose recreation is heavily subsidized by the public at large, (no way are GA pilots paying their fair share of the system they use) make no secret of their disdain of others’ receiving government largesse.

In what way is recreational flying subsidized by the public at large?

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::There was nothing personal implied in the response.  It was a general ::observation, using the collective pronoun "we", and I stand by the ::statement. Hiya Macho. Well, I suppose that since you happen to be part of the "we" you’re talking about, it is entirely within your rights to "generally observe" about "our" behaviour. By the way, when the votes that elected you "we’s" representative have been tallied, please let me know, will ya? ::It has been my observation that most pilots, whose recreation is ::heavily subsidized by the public at large, (no way are GA pilots ::paying their fair share of the system they use) make no secret of ::their disdain of others’ receiving government largesse. What??  That is incredulous…I don’t know about you but  I pay enough taxes to make a couple of Medical Doctors (!!)  in West Africa very happy for at least a year! There you go again witht the generalizations about all of us (seemingly mute) GA pilots.  You would do well to realize this aphorism by Voltaire: "Every generalization is dangerous. Even this one" ::It is because, I believe, the majority of pilots are conservatives, ::who in principle  think that government belongs to them alone to ::abuse.   Um, okay.  I don’t agree with  you of course, but I have never claimed to know about and hence speak for any and everyone so I’ll stop just short (with heels screeching) of spouting my "general observation"  ;) ::If the shoe fits, wear it.  If it doesn’t, ignore it. Cheers! — Frederic Woodbridge http://www.ifconfig.com

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Wow! A poster saying that GA does not carry its fair share. I can’t believe you really mean that. Have you no idea about the relationship between the fuel taxes and the cost of services, and the number of times your flight following request is denied because the controller is busy with IFR commercial traffic? GA gets the bumsrush too often, yet does pay its way. The majority of the system does not use the system for which it pays so dearly, yet 100% of the commercial and military system uses it. The military pays nothing for the system at all, and the fed piles the total cost into one budget section and allocates the cost to the private and commercial sector, and then whines that the private and commercial sector is not paying its way. Do you imagine for a moment that Air Force One with our hot buddy in the back is paying to use the system when it tootles around on his election junketeering – and don’t forget they always take the spare 747 along too in case the first one breaks down along the way, plus the press plane. Please think statements like the one you made through before making them, if you have the data at hand. The truth is that general aviation does pay it’s fair share when you consider the utilization of the atc system by the ga group as a whole. And GA pays the airports for services in the way of hangar rents and tiedown, local property taxes, license fees (depending on the state) as well as the fuel taxes which it pays whenever a ga plane takes a flight. Whenever I fly I am more than satisfied that I am paying my way. – Hide quoted text — Show quoted text – Indeed a wonderful country, where we all can extol the government for subsidizing our recreational flying, and then with a clear conscience and in the same breath  bitch when it tries to help some poor bastard feed  and clothe his family. Who says you can’t have it both ways??? Ah jeez, I probably shouldn’t have posted about the "greatness" of America because I knew this was ultimately going to deteriorate into a political debate, which I really didn’t want. My apologies. However..(can’t let this one pass without at least a passing rebuttal I don’t quite agree with your posit about the government’s subsidizing of recreational flying.  As a tax-paying citizen, the provision by the government of a safe flying environment (just like driving, mind you) falls entirely within what is to be expected.  No more, no less! As for your "bitching in the same breath" statement, I have no idea where that came from!  What about my statement made you put such words into my mouth (or typing fingers?) Reading between the lines, are ya? Mind you, I have no arguments against government helping out someone down on their luck but that you assume praising the design and (relatively free)implementation of general aviation in the US automagically categorizes one as a "welfare state hater" is kinda warped logic, don’t you think? Heck, were you on welfare and no one helped and now you’re bitter? Cheers — Frederic Woodbridge Before you buy. There was nothing personal implied in the response.  It was a general observation, using the collective pronoun "we", and I stand by the statement. It has been my observation that most pilots, whose recreation is heavily subsidized by the public at large, (no way are GA pilots paying their fair share of the system they use) make no secret of their disdain of others’ receiving government largesse. It is because, I believe, the majority of pilots are conservatives, who in principle  think that government belongs to them alone to abuse. If the shoe fits, wear it.  If it doesn’t, ignore it.

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The military pays nothing for the system at all,

Okay, but what can be done about that?  Charge the military for the services they receive?  That cost would then just have to be made part of the defense budget.

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The military pays nothing for the system at all,

  Oh geez, another brain surgeon.

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The military pays nothing for the system at all, Okay, but what can be done about that?  Charge the military for the services they receive?  That cost would then just have to be made part of the defense budget.

Who really cares? The real problem is that twits like "machogrande" (machito?) spread the lie that we in GA don’t pay our "fair share" of the costs of using a system that was built to military/airline specs. We really find this attitude over in the bicycle/public transit newsgroups.

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The military pays nothing for the system at all, Okay, but what can be done about that?  Charge the military for the services they receive?  That cost would then just have to be made part of the defense budget. Who really cares?

I think that’s what I said.  Charging the military would make no difference as they’re funded by taxes already. The real problem is that twits like "machogrande" (machito?) spread the lie that we in GA don’t pay our "fair share" of the costs of using a system that was built to military/airline specs.

Agreed.  Very little of the system could be shut down if general aviation didn’t exist.

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-snip- of very good information Sorry, but you are incorrect in the knee-jerk assessment that GA pilots are not paying their fair share.

Excellent post from someone who is in a position to actually know what he is talking about. Additionally, I would guess that if you added up the income taxes paid by the GA population, they are paying more than their ‘fair’ share anyway, so if some of that extra comes back in the form of subsidies, that is just messed up accounting, not something for nothing. BDWood

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- Hide quoted text — Show quoted text – There was nothing personal implied in the response.  It was a general observation, using the collective pronoun "we", and I stand by the statement. It has been my observation that most pilots, whose recreation is heavily subsidized by the public at large, (no way are GA pilots paying their fair share of the system they use) make no secret of their disdain of others’ receiving government largesse. It is because, I believe, the majority of pilots are conservatives, who in principle  think that government belongs to them alone to abuse.   If the shoe fits, wear it.  If it doesn’t, ignore it.

The shoe DOESN’T FIT!  You have committed a page 1 error! What subsidies does GA get, when we fly VFR, through the air, which is there, free for everybody to use? Do YOU pay YOUR "fair share" when you ride a bicycle across a bridge built for cars/trucks? Most of the ATC system is set up for the requirements of the military and airlines, not GA. We pay direct fuel taxes, tire taxes, tiedown/hangar (parking) fees to support the airports. In some states, Californis in particular, aircraft owners pay  1% of "fair market value" personal property tax and even taxes on their tiedowns to the local general fund, NONE of which goes back to support avaition. IMHO, GA subsidizes everybody else! Go attack some other windmill!

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Altimeters don’t have any way to directly take temperature into account. My queston: Don’t you need DENSITY altitude to gauge performance? Yes…….and no.   You don’t really fly an altimeter.  If you want to calculate performances, then yes you need density altitude figures,  in the air you rarely have the time.  Unless you are flying an ILS to or below mins it really isn’t that important and when you are, you generally get the feild setting so you’re accurate enough and when you’re VFR you dont really need the accuracy anyway, I mean who looks at the altimeter when ththey’re on final? BTW  I heard your new book is out.  Maybe when this job is over I’ll be able to afford one.  Either that or another LLama.=:)

While I agree with your points… but, * you’ve got plenty of time to calculate density altitude on the ground – and that’s exactly what you need to do when operating at a grass field (read: shortish) at altitude.  ie for take-off.  The t/o P chart does this – and that’s the idea of it. Here in New Zealand we have a group rating system – but that pretty much rules out most airfields (it’s very conservative).  Most clubs make it manditory to work through a t/o P chart (as well as complete a load sheet and flight plan).  There are a number of fields over here that are around 500 metres long. PS: our flight plans have just become chargeable over here – I believe this will have serious ramifications for all aircraft movements over here.  Most private ownwers will simply not file one, not use the radio – and therefore no one will know they’re there.  I can’t say I blame the pilots. — Regards  Duncan

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Indeed a wonderful country, where we all can extol the government for subsidizing our recreational flying, and then with a clear conscience and in the same breath  bitch when it tries to help some poor bastard feed  and clothe his family. Who says you can’t have it both ways???

Ah jeez, I probably shouldn’t have posted about the "greatness" of America because I knew this was ultimately going to deteriorate into a political debate, which I really didn’t want. My apologies. However..(can’t let this one pass without at least a passing rebuttal I don’t quite agree with your posit about the government’s subsidizing of recreational flying.  As a tax-paying citizen, the provision by the government of a safe flying environment (just like driving, mind you) falls entirely within what is to be expected.  No more, no less! As for your "bitching in the same breath" statement, I have no idea where that came from!  What about my statement made you put such words into my mouth (or typing fingers?) Reading between the lines, are ya? Mind you, I have no arguments against government helping out someone down on their luck but that you assume praising the design and (relatively free)implementation of general aviation in the US automagically categorizes one as a "welfare state hater" is kinda warped logic, don’t you think? Heck, were you on welfare and no one helped and now you’re bitter? Cheers — Frederic Woodbridge Before you buy.

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says… – Hide quoted text — Show quoted text – PS: our flight plans have just become chargeable over here – I believe this will have serious ramifications for all aircraft movements over here.  Most private ownwers will simply not file one, not use the radio – and therefore no one will know they’re there. I can’t say I blame the pilots. — Regards  Duncan I hate to sound like yet another jingoistic American but this is one more reason why I thank the stars everyday I takeoff into the wild blue "American" yonder! I can’t believe all the nonsense everyone else all over the world has to go through just to fly! — Frederic Woodbridge Before you buy. Indeed a wonderful country, where we all can extol the government for subsidizing our recreational flying, and then with a clear conscience and in the same breath  bitch when it tries to help some poor bastard feed  and clothe his family. Who says you can’t have it both ways???

I’d like to see it subsidised by the commercial operations side of things (this has nothing to to with Govn’t – but to do with the way they attempt cost recovery). It’s just not fair to make the lighties pay for what is in effect, there for the big boys.  eg. where I live, our main rwy is 3k’s long – why should I have to pay for that (I don’t need it). It’s just a small point – consider it generically please – effectively, the lighties are paying a much larger percentage than the commercial sector (divided by pax etc). How much do houses cost in the States — Regards  Duncan

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– Hide quoted text — Show quoted text – Indeed a wonderful country, where we all can extol the government for subsidizing our recreational flying, and then with a clear conscience and in the same breath  bitch when it tries to help some poor bastard feed  and clothe his family. Who says you can’t have it both ways??? Ah jeez, I probably shouldn’t have posted about the "greatness" of America because I knew this was ultimately going to deteriorate into a political debate, which I really didn’t want. My apologies. However..(can’t let this one pass without at least a passing rebuttal I don’t quite agree with your posit about the government’s subsidizing of recreational flying.  As a tax-paying citizen, the provision by the government of a safe flying environment (just like driving, mind you) falls entirely within what is to be expected.  No more, no less! As for your "bitching in the same breath" statement, I have no idea where that came from!  What about my statement made you put such words into my mouth (or typing fingers?) Reading between the lines, are ya? Mind you, I have no arguments against government helping out someone down on their luck but that you assume praising the design and (relatively free)implementation of general aviation in the US automagically categorizes one as a "welfare state hater" is kinda warped logic, don’t you think? Heck, were you on welfare and no one helped and now you’re bitter? Cheers — Frederic Woodbridge Before you buy.

There was nothing personal implied in the response.  It was a general observation, using the collective pronoun "we", and I stand by the statement. It has been my observation that most pilots, whose recreation is heavily subsidized by the public at large, (no way are GA pilots paying their fair share of the system they use) make no secret of their disdain of others’ receiving government largesse. It is because, I believe, the majority of pilots are conservatives, who in principle  think that government belongs to them alone to abuse.   If the shoe fits, wear it.  If it doesn’t, ignore it.

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Indeed a wonderful country, where we all can extol the government for subsidizing our recreational flying, and then with a clear conscience and in the same breath bitch when it tries to help some poor bastard feed  and clothe his family. Who says you can’t have it both ways???

In what way does the government subsidize recreational flying?

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I think your note reflects *your* experience with the pilots with whom you associate.  It sure doesn’t reflect the feelings of the pilots with whom *I* have associated over the past 25 years. –ron

– Hide quoted text — Show quoted text – It has been my observation that most pilots, whose recreation is heavily subsidized by the public at large, (no way are GA pilots paying their fair share of the system they use) make no secret of their disdain of others’ receiving government largesse. It is because, I believe, the majority of pilots are conservatives, who in principle  think that government belongs to them alone to abuse. If the shoe fits, wear it.  If it doesn’t, ignore it.

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+ It has been my observation that most pilots, whose recreation is + heavily subsidized by the public at large, (no way are GA pilots + paying their fair share of the system they use) make no secret of + their disdain of others’ receiving government largesse. Having spent two years serving on the board of a local airport, I’m always perplexed by statements such as the above. The airport I fly out of, year after year, contributes far more to the local community through direct and indirect taxes on revenue than it costs the local community to own and operate the airport – including the limited FAA subsidies it receives. Direct taxes include aircraft and hangar property taxes, fuel excises, sales taxes, and airport fees. Indirect taxes and revenue are the result of payroll, business, and income taxes on both the businesses and employees of those businesses that support aviation. Even including the ongoing maintenance and improvements, year after year after year, our local airport has generated far more revenue for the local community than it has ever received in FAA subsidies. So I’m sorry to say, but I disagree entirely with the characterization and assertion that GA pilots are not "paying their fair share of the system". Sure we use WX-BRIEF. Occasionally we use the ATC system with either VFR flight following or while under an IFR flight plan. But you are forgetting that things like VFR flight following are entirely voluntary for the ATC staff. It’s done when the controller’s workload permits it. ATC staff are not hired, nor employed with a primary responsibility for things like VFR flight following. As for the weather reporting, again, the number of GA pilots that use the weather reporting system on a regular and extensive basis is fairly low, and pales in comparison to the major air carrier usage of those facilities. You are forgetting that the vast majority of GA flights are training or currency flights that are local and VFR in nature. Very little of that traffic is actually captured by and actively controlled by the ATC system. The vast majority of those flights originate at local airports, many of which enjoy the same GA revenue windfall that our community enjoys, and routinely do not even have so much as a flight plan filed. Sorry, but you are incorrect in the knee-jerk assessment that GA pilots are not paying their fair share.

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Altimeters don’t have any way to directly take temperature into account. My queston: Don’t you need DENSITY altitude to gauge performance?

Yes…….and no.   You don’t really fly an altimeter.  If you want to calculate performances, then yes you need density altitude figures,  in the air you rarely have the time.  Unless you are flying an ILS to or below mins it really isn’t that important and when you are, you generally get the feild setting so you’re accurate enough and when you’re VFR you dont really need the accuracy anyway, I mean who looks at the altimeter when ththey’re on final? BTW  I heard your new book is out.  Maybe when this job is over I’ll be able to afford one.  Either that or another LLama.=:)

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PS: our flight plans have just become chargeable over here – I believe this will have serious ramifications for all aircraft movements over here.  Most private ownwers will simply not file one, not use the radio – and therefore no one will know they’re there. I can’t say I blame the pilots. — Regards  Duncan

I hate to sound like yet another jingoistic American but this is one more reason why I thank the stars everyday I takeoff into the wild blue "American" yonder! I can’t believe all the nonsense everyone else all over the world has to go through just to fly! — Frederic Woodbridge Before you buy.

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– Hide quoted text — Show quoted text – PS: our flight plans have just become chargeable over here – I believe this will have serious ramifications for all aircraft movements over here.  Most private ownwers will simply not file one, not use the radio – and therefore no one will know they’re there. I can’t say I blame the pilots. — Regards  Duncan I hate to sound like yet another jingoistic American but this is one more reason why I thank the stars everyday I takeoff into the wild blue "American" yonder! I can’t believe all the nonsense everyone else all over the world has to go through just to fly! — Frederic Woodbridge Before you buy.

Indeed a wonderful country, where we all can extol the government for subsidizing our recreational flying, and then with a clear conscience and in the same breath  bitch when it tries to help some poor bastard feed  and clothe his family. Who says you can’t have it both ways???

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Dear Joe, and All: Altimeters don’t have any way to directly take temperature into account. Let’s say you landed at actual 13000′ but your altimeter there reads r = 12000′. So the pressure up there is somewhat higher than was predicted by your altimeter setting (put in at say 1700′). As you said, it was hot down below (which lowered the pressure and therefore lowered the altimeter setting) but relatively cooler up high (the isobars contracted) so pressure was higher than expected up top. Setting the altimeter to 29.92" Hg, assuming it’s working properly, gives you pressure altitude without any correction. My queston: Don’t you need DENSITY altitude to gauge performance? John. — John T. Lowry, PhD Flight Physics; Box 20919; Billings MT 59104 Voice: 406-248-2606 – Hide quoted text — Show quoted text – I’m a helicopter pilot and am frequently making landings at high altitudes (12000 to 13000 ft). On days when the OAT is above the ISO Standard Temperture, my altimeter (which was set at a field elevation of 1700 ft) will read several hundred feet below the actual elevation of my landing site. Why is this?  I would think that at the higher temperatures, the opposite would happen.  Also – if I set the altimeter to 29.92" for computing the aircraft performance, is it actually showing me the true pressure altitude at these high elevation high OAT landings or is there a correction that I should be applying?

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Dear Joe, and All: Altimeters don’t have any way to directly take temperature into account. Let’s say you landed at actual 13000′ but your altimeter there reads r = 12000′. So the pressure up there is somewhat higher than was predicted by your altimeter setting (put in at say 1700′). As you said, it was hot down below (which lowered the pressure and therefore lowered the altimeter setting) but relatively cooler up high (the isobars contracted) so pressure was higher than expected up top. Setting the altimeter to 29.92" Hg, assuming it’s working properly, gives you pressure altitude without any correction. My queston: Don’t you need DENSITY altitude to gauge performance?

YES. — Regards  Duncan

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Question:

– Hide quoted text — Show quoted text – These are two separate entities with separate, segregated funds. Each must file its own 990 and so on. However, they have shared staff and resources. However, the bookkeeper who set up the accounting system when they bought Quickbooks a year or so ago, basically set one nonprofit up as a checking account of the other nonprofit in the software. Due diligence was made in terms of invoicing for utilities reimbursement, etc. However, this make it impossible to develop an accurate balance sheet because if you leave that account out, all the related transactions are also left out. Not only that, but it creates the appearance that the nonprofits are not indpendent of wach other….though they are. It is a computer user error, not indicative of the actual operation. What sort of entries should be shown to provide an audit trail?  Should every entry throughout the 10 months this software has been used be reversed or should I just delte the account.  I am tempted to start both nonprofits over as new companies and the bookkeeper to renenter everything correctly, but if there is an easier way, I would love to hear it.

A down and dirty fix would be to go to your chart of accounts, choose numbering. Then set up one as Entity 1 and us 01 on all its accounts, making them subaccounts of the original chart of accounts.  Then do the same for Entity 2. the initial work will be a bit time consuming.  Then go in and renumber each transaction for Entity 1 or Entity 2. In preferences turn on the audit trail. As I understand your problem this should help. KG

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– Hide quoted text — Show quoted text -I recently took over the oversight of the books for two related nonprofits (I am sec/treas). I am a nonprofit financial manager in my professional life, so it’s not a big stretch. However, I found a serious error and need advice on how to correct it.   These are two separate entities with separate, segregated funds. Each must file its own 990 and so on. However, they have shared staff and resources. However, the bookkeeper who set up the accounting system when they bought Quickbooks a year or so ago, basically set one nonprofit up as a checking account of the other nonprofit in the software. Due diligence was made in terms of invoicing for utilities reimbursement, etc. However, this make it impossible to develop an accurate balance sheet because if you leave that account out, all the related transactions are also left out. Not only that, but it creates the appearance that the nonprofits are not independent of each other….though they are. It is a computer user error, not indicative of the actual operation. I have set up a new company in Quickbooks and am nearly completed with setting up the chart of accounts the way I want them (tied closely to the 990). Is there, (please,please, please say there is) any easy way to export the transactions of that single checking account or import them into the other.

It’s easy to export the entire file to Access with a $99 program from www.datablox.com. You also can use Reports | Other reports | Journal to get standard journal entries for each entry. These can be filtered and customized before being "printed to a file" in 123/Lotus format. You then can use Access or 123 for further parsing. However, we still so not have a generalized Access to Intuit IIF program so you can use the entries to make new files. What sort of entries should be shown to provide an audit trail?  Should every entry throughout the 10 months this software has been used be reversed or should I just delete the account.  I am tempted to start both nonprofits over as new companies and the bookkeeper to re-enter everything correctly, but if there is an easier way, I would love to hear it.

There would be no audit trail of the deleted transactions this way, unless you duplicate and reverse inapplicable entries. This is more complicated, but could save money with many transactions. Mike Block, Tax Fighting C.P.A. 954-566-7540, fax 7541 QuickBooks Prof. Advisor & Official #1 QB 6 Top Tester   biz.comp.accounting co-moderator for spam free news    275 E Oakland Park Blvd, Ft. Lauderdale, FL 33334

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I recently took over the oversight of the books for two related nonprofits (I am sec/treas). I am a nonprofit financial manager in my professional life, so it’s not a big stretch. However, I found a serious error and need advice on how to correct it.   These are two separate entities with separate, segregated funds. Each must file its own 990 and so on. However, they have shared staff and resources. However, the bookkeeper who set up the accounting system when they bought Quickbooks a year or so ago, basically set one nonprofit up as a checking account of the other nonprofit in the software. Due diligence was made in terms of invoicing for utilities reimbursement, etc. However, this make it impossible to develop an accurate balance sheet because if you leave that account out, all the related transactions are also left out. Not only that, but it creates the appearance that the nonprofits are not indpendent of wach other….though they are. It is a computer user error, not indicative of the actual operation. I have set up a new company in Quickbooks and am nearly completed with setting up the chart of accounts the way I want them (tied closely to the 990). Is there, (please,please, please say there is) any easy way to export the transactions of that single checking account or import them into the other. What sort of entries should be shown to provide an audit trail?  Should every entry throughout the 10 months this software has been used be reversed or should I just delte the account.  I am tempted to start both nonprofits over as new companies and the bookkeeper to renenter everything correctly, but if there is an easier way, I would love to hear it. RuthAlice —    I belong to no organized political party…I am a Democrat.         Check out The Useful Page, a directory of hyperlinks          useful to students, researchers, and activists.                 http://www.teleport.com/~ruthalis

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small service company, one employee re: invoicing, payroll, expenses. what should I be using?

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Hi Collette, I’m afraid on an accounting NG you will get a lot of "Oh, get an accountant" well, we would say that wouldn’t we? <grin. Try reading one or more of the many accountancy beginners books, so you get an idea of the size of the problem. Get in contact with your local small business bureau or enterprise council (presumably they exist in America?) for some advice on dealing with the government side of things. Get a nice simple accounting package with good help facilities and (most important) good tech support.     Write a list of the different things you’ll need to deal with (sales tax, any asset purchases, wages, purchases etc…) and go from there. with a good grounding, and a bit of bookeeping help to start, you shouldn’t need to go near an accountant for a while! Matt Swainson

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I think you might get some good, objective information at http://www.blocktax.com for determing what’s best for you, as well as advice for setting up a system JamesL

– Hide quoted text — Show quoted text -small service company, one employee re: invoicing, payroll, expenses. what should I be using?

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I think you might get some good, objective information at http://www.blocktax.com for determing what’s best for you, as well as advice for setting up a system JamesL small service company, one employee re: invoicing, payroll, expenses. what should I be using?

quicbooks choose category business services and edit chart of account for your own use

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Question:

Daniel, Thank you for your reply.  We are currently using the latest version of Sage.  Unfortunately the product does not achieve the functionality I was led to believe it would have.   We have only had the product for six months and due to structure changes within the group our accounting requirements have changed substantially. Sage seems to be a good product, but is really suited to smaller businesses rather than our own. Support has also been less than desirable, we need a product that can be easily supportable and has a true support infrastructure in place. I have had a couple of emails directly referring to CAIMAN 5.0, Accpac for Windows and Dynamics CS+.  MAS90 has also been suggested, however this is part of the Sage group. Regards Paul Swepstone FCA Herons International Ltd – Hide quoted text — Show quoted text – What do you use today ?

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What do you use today ? – Hide quoted text — Show quoted text – I am currently looking to replace the existing accounting system used at our offices, we have two offices in the UK, 1 in France, 1 in the Netherlands, 2 in America and 1 in Canada. Throughout the group there are approximately 125 accounting users. Our requirements are: Remote data Entry We need our satellite offices to be able to enter information via the internet, all accounting data is to be stored at our Head Office in the UK. Multicurrency The new system must support multi-currency. General Ledger Easy data entry and the facility to produce Financial Statements using either Lotus or Excel, I would ideally like an accounting system that integrates to either Lotus or Excel.  Multiple cost centres with multiple levels are also required with the facility to hold at least 7 years of fiscal data in detail. Accounts Payable Easy data entry, unlimited suppliers with multi-currency functionality. Standard reports such as Supplier transactions and ageing are required. Accounts Receivable Easy data entry, unlimited customers with multi-currency functionality. Standard reports such as Customer transactions and ageing are required. Invoice production is also a must. Report Writer We need to be able to produce adhoc reports without having to be a technical genius.  We are currently using Crystal Reports and would like to continue using this. General We would like to be able to retrieve transactions into the new system from spreadsheets and external databases. I would greatly appreciate any advice. Paul Swepstone FCA Herons International Ltd

Response:

- Hide quoted text — Show quoted text – I am currently looking to replace the existing accounting system used at our offices, we have two offices in the UK, 1 in France, 1 in the Netherlands, 2 in America and 1 in Canada. Throughout the group there are approximately 125 accounting users. Our requirements are: Remote data Entry We need our satellite offices to be able to enter information via the internet, all accounting data is to be stored at our Head Office in the UK. Multicurrency The new system must support multi-currency. General Ledger Easy data entry and the facility to produce Financial Statements using either Lotus or Excel, I would ideally like an accounting system that integrates to either Lotus or Excel.  Multiple cost centres with multiple levels are also required with the facility to hold at least 7 years of fiscal data in detail. Accounts Payable Easy data entry, unlimited suppliers with multi-currency functionality. Standard reports such as Supplier transactions and ageing are required. Accounts Receivable Easy data entry, unlimited customers with multi-currency functionality. Standard reports such as Customer transactions and ageing are required. Invoice production is also a must. Report Writer We need to be able to produce adhoc reports without having to be a technical genius.  We are currently using Crystal Reports and would like to continue using this. General We would like to be able to retrieve transactions into the new system from spreadsheets and external databases.   I would greatly appreciate any advice. Paul Swepstone FCA Herons International Ltd

Response:

I suggest you check out Platinum ERA.  It seems to have all of the features you’ve requested.  We’re in the process of converting from SBT to Platinum ERA now. — Gerry * Gerard W White * Database Developer / Software Coordinator * Phoenix Color Corp www.PhoenixColor.com * ICQ: 15205810 * http://come.to/The.White.House * Comments may not be those of my employer…or wife.

– Hide quoted text — Show quoted text – I am currently looking to replace the existing accounting system used at our offices, we have two offices in the UK, 1 in France, 1 in the Netherlands, 2 in America and 1 in Canada. Throughout the group there are approximately 125 accounting users. Our requirements are: Remote data Entry We need our satellite offices to be able to enter information via the internet, all accounting data is to be stored at our Head Office in the UK. Multicurrency The new system must support multi-currency. General Ledger Easy data entry and the facility to produce Financial Statements using either Lotus or Excel, I would ideally like an accounting system that integrates to either Lotus or Excel.  Multiple cost centres with multiple levels are also required with the facility to hold at least 7 years of fiscal data in detail. Accounts Payable Easy data entry, unlimited suppliers with multi-currency functionality. Standard reports such as Supplier transactions and ageing are required. Accounts Receivable Easy data entry, unlimited customers with multi-currency functionality. Standard reports such as Customer transactions and ageing are required. Invoice production is also a must. Report Writer We need to be able to produce adhoc reports without having to be a technical genius.  We are currently using Crystal Reports and would like to continue using this. General We would like to be able to retrieve transactions into the new system from spreadsheets and external databases. I would greatly appreciate any advice. Paul Swepstone FCA Herons International Ltd

Response:

Accpac for Windows has the features you are looking for. You will need thin client technology for your remote data entry, either from Microsoft or Critrix. Check out A4W at www.accpac.com

– Hide quoted text — Show quoted text – I am currently looking to replace the existing accounting system used at our offices, we have two offices in the UK, 1 in France, 1 in the Netherlands, 2 in America and 1 in Canada. Throughout the group there are approximately 125 accounting users. Our requirements are: Remote data Entry We need our satellite offices to be able to enter information via the internet, all accounting data is to be stored at our Head Office in the UK. Multicurrency The new system must support multi-currency. General Ledger Easy data entry and the facility to produce Financial Statements using either Lotus or Excel, I would ideally like an accounting system that integrates to either Lotus or Excel.  Multiple cost centres with multiple levels are also required with the facility to hold at least 7 years of fiscal data in detail. Accounts Payable Easy data entry, unlimited suppliers with multi-currency functionality. Standard reports such as Supplier transactions and ageing are required. Accounts Receivable Easy data entry, unlimited customers with multi-currency functionality. Standard reports such as Customer transactions and ageing are required. Invoice production is also a must. Report Writer We need to be able to produce adhoc reports without having to be a technical genius.  We are currently using Crystal Reports and would like to continue using this. General We would like to be able to retrieve transactions into the new system from spreadsheets and external databases. I would greatly appreciate any advice. Paul Swepstone FCA Herons International Ltd

Response:

Take a look at Dynamics C/S+ from Great Plains Software.  With the addition of Metaframe from Citrix it would give you the remote capability you are looking for.  It supports multicurrency and the Euro and at least on the surface has the functionality you mentioned.  Http://www.greatplains.com. Alan — Alan C. Whitehouse The Resource Group Great Plains Reseller & Solutions Developer 1400 Talbot Rd. S., Suite 301 Renton, WA 98055 (425) 277-4760 http://www.resgroup.com – Hide quoted text — Show quoted text – I am currently looking to replace the existing accounting system used at our offices, we have two offices in the UK, 1 in France, 1 in the Netherlands, 2 in America and 1 in Canada. Throughout the group there are approximately 125 accounting users. Our requirements are: Remote data Entry We need our satellite offices to be able to enter information via the internet, all accounting data is to be stored at our Head Office in the UK. Multicurrency The new system must support multi-currency. General Ledger Easy data entry and the facility to produce Financial Statements using either Lotus or Excel, I would ideally like an accounting system that integrates to either Lotus or Excel.  Multiple cost centres with multiple levels are also required with the facility to hold at least 7 years of fiscal data in detail. Accounts Payable Easy data entry, unlimited suppliers with multi-currency functionality. Standard reports such as Supplier transactions and ageing are required. Accounts Receivable Easy data entry, unlimited customers with multi-currency functionality. Standard reports such as Customer transactions and ageing are required. Invoice production is also a must. Report Writer We need to be able to produce adhoc reports without having to be a technical genius.  We are currently using Crystal Reports and would like to continue using this. General We would like to be able to retrieve transactions into the new system from spreadsheets and external databases. I would greatly appreciate any advice. Paul Swepstone FCA Herons International Ltd

Response:

I am currently looking to replace the existing accounting system used at our offices, we have two offices in the UK, 1 in France, 1 in the Netherlands, 2 in America and 1 in Canada. Throughout the group there are approximately 125 accounting users. Our requirements are: Remote data Entry We need our satellite offices to be able to enter information via the internet, all accounting data is to be stored at our Head Office in the UK. Multicurrency The new system must support multi-currency. General Ledger Easy data entry and the facility to produce Financial Statements using either Lotus or Excel, I would ideally like an accounting system that integrates to either Lotus or Excel.  Multiple cost centres with multiple levels are also required with the facility to hold at least 7 years of fiscal data in detail. Accounts Payable Easy data entry, unlimited suppliers with multi-currency functionality. Standard reports such as Supplier transactions and ageing are required. Accounts Receivable Easy data entry, unlimited customers with multi-currency functionality. Standard reports such as Customer transactions and ageing are required. Invoice production is also a must. Report Writer We need to be able to produce adhoc reports without having to be a technical genius.  We are currently using Crystal Reports and would like to continue using this. General We would like to be able to retrieve transactions into the new system from spreadsheets and external databases.   I would greatly appreciate any advice. Paul Swepstone FCA Herons International Ltd

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Question:

I have had an unusual time establishing a career within the financial management area.  I have interviewed with companies since my 1st week in undergraduate school and on average 2-to-3 interviews until I graduated.  I have a finance, ecomonics, accounting, information systems background, am very solution oriented, as well as other things. I am everything that every interviewer from corporate America suggested, but still cannot manage to acquire a position in corporate America.  The last corporate finance position I acquired, I was considered underqualified entering and one month later grossly overqualified(I missed the whole trans-action of when this took place, since I had no training). Is there something out there that I need or need less of to attain a career within an environment which doesn’t know what it wants??!!?? Any advise would be greatly accepted.

Response:

I wonder your age and prior experience.  How do you dress for corporate America interviews?  What is your demeanor?  Do you describe yourself as a team-player? Do you get along with your co-workers?  How does your personality match up with the corporate culture?  These are some questions that may need your analysis. Hope your endeavors suceed. – Hide quoted text — Show quoted text – I have had an unusual time establishing a career within the financial management area.  I have interviewed with companies since my 1st week in undergraduate school and on average 2-to-3 interviews until I graduated.  I have a finance, ecomonics, accounting, information systems background, am very solution oriented, as well as other things. I am everything that every interviewer from corporate America suggested, but still cannot manage to acquire a position in corporate America.  The last corporate finance position I acquired, I was considered underqualified entering and one month later grossly overqualified(I missed the whole trans-action of when this took place, since I had no training). Is there something out there that I need or need less of to attain a career within an environment which doesn’t know what it wants??!!?? Any advise would be greatly accepted.

Response:

Wyndell, A few things to ponder: 1.  You seem to imply that you’ve had many interviews but none have led to offers.  Have you tried calling your interviewers later asking for feedback? 2.  You say you want to be in the "financial management area" in "corporate America".  What do you mean?  You might want to narrow your goals a bit. 3.  You say, "I am everything that every interviewer from corporate America suggested…"   Whoever told you this is obviously wrong because otherwise you would be employed.  Look into strengthening your weaknesses (e.g., are you doing/saying something wrong during the interview process?) rather than erroneously believing that you are everything. 4.  Always thoroughly research the company before you go for the interview and prepare a few pertinent questions to ask the interviewer based on your research.  In other words, be prepared. Steve

Response:

I have had an unusual time establishing a career within the financial management area.  I have interviewed with companies since my 1st week in undergraduate school and on average 2-to-3 interviews until I graduated.  I have a finance, ecomonics, accounting, information systems background, am very solution oriented, as well as other things.

Obviously on paper, a potential employer does see the merit of your skills. You ARE getting interviews. This is good job market for Accounting and Finance professionals. You are right to question why it is taking you so long. Two thoughts: 1. You may be presenting yourself as too broad based in your areas of expertise. An employer may not know exactly what to do with you. Try focusing the emphasis of your resume and your job search in the one area of Finance you are most proficient. View your other skills as assets that are a value added plus. 2. More importantly is that fact that maybe it is time to take a long hard look at the package you are presenting. Once again your resume seems to be getting you the appointment, but there is a breakdown after that. Some questions to ask yourself — Are you dressing professionally? (Clean pressed white shirt, nice shoes, good haircut…) Are your trying to hard to impress the interviewer? (Coming across as arrogant or desparate) Are you articulate in your verbal communication? If you are not working with a search firm that specializes in placing Accounting and Finance professionals, perhaps you should. An EXPERIENCED recruiter can advise you and work like an agent would. I don’t know where you are looking but feel free to e-mail me privately I can refer you to a search firm that can assist you. Steph

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I have had an unusual time establishing a career within the financial management area.  I have interviewed with companies since my 1st week in undergraduate school and on average 2-to-3 interviews

I would honestly recommend that if at all possible financially, you should just take it easy and be patient.  Be cool.  Enjoy your time off.  Work will happen soon enough, and there will be no break for a long, long, long time. Rest assured there is plenty of need for people and hardly any jobs are really very hard or complex.  As soon as you appear to be either 10% cheaper or work 10% more diligently than the next guy you’ll get the job.  Interviewers are not looking for intelligence, beyond a certain point. Companies are just looking for mules these days, workhorses to work and make money for the company.  They have plenty of people.  They just want to swap out their mediocre or expensive people, and get cheaper and more obedient ones.

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– Hide quoted text — Show quoted text – I have had an unusual time establishing a career within the financial management area.  I have interviewed with companies since my 1st week in undergraduate school and on average 2-to-3 interviews until I graduated.  I have a finance, ecomonics, accounting, information systems background, am very solution oriented, as well as other things. I am everything that every interviewer from corporate America suggested, but still cannot manage to acquire a position in corporate America.  The last corporate finance position I acquired, I was considered underqualified entering and one month later grossly overqualified(I missed the whole trans-action of when this took place, since I had no training). Is there something out there that I need or need less of to attain a career within an environment which doesn’t know what it wants??!!?? Any advise would be greatly accepted.

        Any time that you feel like you aren’t doing well, find out from a supervisor what you can do to do a better job. "We can’t all and some of us don’t.  That’s all there is to it."                            Eeyore (A.A. Milne)      

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