Accounting Talk » Accountants » I'm such a geek!

I'm such a geek!

Question:

B. Chamberlin wrote: > A buddy of mine are driving 9 hours > and going to the Star Wars convention > in April for 4 days.

So *where* is this? I remember seeing people leaving a SciFi convention back in October of 1989 at the San Jose Convention Center. We were, well, amazed at the various costumes and the like. We were waiting for the main floor to open so we could set up our booth for ScanTech. I remember it a lot more clearly than I would otherwise… cuz Tuesday afternoon we were in the midst of a 7.1 earthquake. In any case, it sure looked like fun. I wish I’d have enough $s and time set aside to visit one of the cons in Tampa… — Jack C Lipton | cupasoup at pele dot cx | http://www.asstr.org/~CupaSoup/ Leadership is about maximizing gains, Management about minimizing losses. This explains why managers like to hire accountants and keep them busy. -me "There _is_ a reason ideology rhymes with idiocy, you know." – me

Response:

On Wed, 16 Feb 2005 04:33:18 GMT, cupas…@peElMe.cx (Jack C Lipton) wrote: – Hide quoted text — Show quoted text ->B. Chamberlin wrote: >> A buddy of mine are driving 9 hours >> and going to the Star Wars convention >> in April for 4 days. >So *where* is this? >I remember seeing people leaving a SciFi >convention back in October of 1989 at the >San Jose Convention Center. We were, well, >amazed at the various costumes and the like. >We were waiting for the main floor to open >so we could set up our booth for ScanTech. >I remember it a lot more clearly than I >would otherwise… cuz Tuesday afternoon >we were in the midst of a 7.1 earthquake. >In any case, it sure looked like fun. I >wish I’d have enough $s and time set aside >to visit one of the cons in Tampa…

Indianapolis Indiana. This isn’t a typical traveling Trekkie con… it’s a one time thing that people come from all over the world to see. Of course now I sound like I’m trying to covince myself this is a "cool" thing! =) –Brian

Response:

On Wed, 16 Feb 2005 06:30:56 -0500, B. Chamberlin <jbrianchamber…@adelphia.net> wrote: >Indianapolis Indiana. This isn’t a typical traveling Trekkie con… >it’s a one time thing that people come from all over the world to see. >Of course now I sound like I’m trying to covince myself this is a >"cool" thing! =)

Hey, if people are coming from all over the world to see it, then perhaps it *is* cool! I’ve lost track of the beginning of the thread so I don’t remember if we’re talking about Star Trek or Star Wars, but I personally loved them both (in the early years). Is there anything hotter than Kirk making a gun out of a tube and some diamonds? Is there anyone sexier than Han Solo? I don’t think so! Lauri in WA (is it getting hot in here?) I like my email spamless

Response:

- Hide quoted text — Show quoted text -B. Chamberlin wrote: > On Wed, 16 Feb 2005 04:33:18 GMT, cupas…@peElMe.cx (Jack C Lipton) > wrote: > >B. Chamberlin wrote: > >> A buddy of mine are driving 9 hours > >> and going to the Star Wars convention > >> in April for 4 days. > >So *where* is this? > >I remember seeing people leaving a SciFi > >convention back in October of 1989 at the > >San Jose Convention Center. We were, well, > >amazed at the various costumes and the like. > >We were waiting for the main floor to open > >so we could set up our booth for ScanTech. > >I remember it a lot more clearly than I > >would otherwise… cuz Tuesday afternoon > >we were in the midst of a 7.1 earthquake. > >In any case, it sure looked like fun. I > >wish I’d have enough $s and time set aside > >to visit one of the cons in Tampa… > Indianapolis Indiana. This isn’t a typical traveling Trekkie con… > it’s a one time thing that people come from all over the world to see. > Of course now I sound like I’m trying to covince myself this is a > "cool" thing! =) > –Brian

Brian, you know, Independence Air will fly you round-trip from Dulles for about $100. It might be as cheap as driving. Sheila

Response:

On 17 Feb 2005 16:34:12 -0800, "WhansaMi" <Whans…@aol.com> wrote: – Hide quoted text — Show quoted text ->B. Chamberlin wrote: >> On Wed, 16 Feb 2005 04:33:18 GMT, cupas…@peElMe.cx (Jack C Lipton) >> wrote: >> >B. Chamberlin wrote: >> >> A buddy of mine are driving 9 hours >> >> and going to the Star Wars convention >> >> in April for 4 days. >> >So *where* is this? >> >I remember seeing people leaving a SciFi >> >convention back in October of 1989 at the >> >San Jose Convention Center. We were, well, >> >amazed at the various costumes and the like. >> >We were waiting for the main floor to open >> >so we could set up our booth for ScanTech. >> >I remember it a lot more clearly than I >> >would otherwise… cuz Tuesday afternoon >> >we were in the midst of a 7.1 earthquake. >> >In any case, it sure looked like fun. I >> >wish I’d have enough $s and time set aside >> >to visit one of the cons in Tampa… >> Indianapolis Indiana. This isn’t a typical traveling Trekkie con… >> it’s a one time thing that people come from all over the world to >see. >> Of course now I sound like I’m trying to covince myself this is a >> "cool" thing! =) >> –Brian >Brian, you know, Independence Air will fly you round-trip from Dulles >for about $100. It might be as cheap as driving. >Sheila

Yeah, but for 2 people? I’ll have to look into it.

Response:

Just looked it up and it comes to $150 per person, round trip. Not bad considering dirving there in my Jeep would cost at least $120 in gas… not sure about tolls etc… and 9 hours. =) Something to think about. I have to see if my friend would go for it though. –Brian

Response:

B. Chamberlin wrote: > A buddy of mine are driving 9 hours and going to the Star Wars > convention in April for 4 days. I asked my wife if she would mind me > going and after laughing hysterically at me for 10 minutes, she > finally gave me her blessing. This isn’t any little local Trekkie BS. > People come from all over the world for this thing. It’s going to be > great! I can actually be excited about being a closet geek for a few > days.

Say hi to Andre for me while you’re there. I hear he attends a lot of these type conventions. jen

Response:

"B. Chamberlin" <jbrianchamber…@adelphia.net> wrote in message

news:il6511hspc0s5dm63kqq40ja8f6he2fe01@4ax.com… > A buddy of mine are driving 9 hours and going to the Star Wars > convention in April for 4 days. I asked my wife if she would mind me > going and after laughing hysterically at me for 10 minutes, she > finally gave me her blessing. This isn’t any little local Trekkie BS. > People come from all over the world for this thing. It’s going to be > great! I can actually be excited about being a closet geek for a few > days.

Star Wars is kinda ruined for me. The latest movies were pretty shitty (so was "Jedi"). Nothing will ever compare to being 11 in 1977 and seeing Star Wars (12x that summer

Response:

On Tue, 15 Feb 2005 21:10:27 -0500, "JWB" – Hide quoted text — Show quoted text -<jwb3333__takeoutallthi…@excite.com> wrote: >"B. Chamberlin" <jbrianchamber…@adelphia.net> wrote in message >news:il6511hspc0s5dm63kqq40ja8f6he2fe01@4ax.com… >> A buddy of mine are driving 9 hours and going to the Star Wars >> convention in April for 4 days. I asked my wife if she would mind me >> going and after laughing hysterically at me for 10 minutes, she >> finally gave me her blessing. This isn’t any little local Trekkie BS. >> People come from all over the world for this thing. It’s going to be >> great! I can actually be excited about being a closet geek for a few >> days. >Star Wars is kinda ruined for me. The latest movies were pretty shitty (so >was "Jedi"). Nothing will ever compare to being 11 in 1977 and seeing Star >Wars (12x that summer

Not for me. Phantom Menace was pretty bad, but I enjoyed Clones very much and from I know about the final one, it’s going to be amazing. I was 8 when Star Wars first came out and I’ve been hooked ever since. I’d still have the bed sheets if my wife would let me! =) –Brian

Response:

A buddy of mine are driving 9 hours and going to the Star Wars convention in April for 4 days. I asked my wife if she would mind me going and after laughing hysterically at me for 10 minutes, she finally gave me her blessing. This isn’t any little local Trekkie BS. People come from all over the world for this thing. It’s going to be great! I can actually be excited about being a closet geek for a few days. –Brian

Response:

"B. Chamberlin" <jbrianchamber…@adelphia.net> wrote in message

Sounds more like an OUT of the closet geek to me! Sounds like you’ll have a great time.

Response:

Author: admin on
Category: Accountants
Tags: Accountants

Accounting Talk » Business Accounting » Newbie question: Is a "debit" a decrease or increase to account?

Newbie question: Is a "debit" a decrease or increase to account?

Question:

Debits and credits aren’t negatives and positives even though they appear that way in a trial balance report. Yep….. that’s what Im learning But man Im having a hard time with that!! Haha For some reason it was in my head that debit and credit had positive and negative connotations but that aint so, huh?

It’s a pain when you use a model that was developed before negative numbers became a common concept.

Response:

I suffered through that one in 1956 when I took introductory accounting.

Yep That’s my problem too! I never had any accounting at all … even in high school. Im 46 so high school was in the mid seventies

Response:

It’s a pain when you use a model that was developed before negative numbers became a common concept.

Not following you Are you saying that the words "credit" and "debit" were around before negative numbers?

Response:

Yes, and to confuse you more, on the bank’s books, your checking account is a liability (something the bank owes to you). On your books, your bank account is an asset. — Paul A. Thomas, CPA Athens, Georgia taxman at negia.net

Response:

WHOOPS! Just found my own error! See what happens when you answer the telephone in mid-thought! _____Gasoline______ 100 | This represents a gasoline expense account of $100 (you have SPENT $100)

Phew! You scared me for a minute!! Haha I read your first message and "thought" it was on wrong side! I guess that is what confuses me. If expense accounts increase as time goes on…. then it seems to me they should be on the credit side. Bottom line expense accts are normally debit balances and Im having hard time with that

Response:

I suffered through that one in 1956 when I took introductory accounting. Yep That’s my problem too! I never had any accounting at all … even in high school. Im 46 so high school was in the mid seventies

You probably had some classes that required a slide rule (do they even sell those today?) — Paul A. Thomas, CPA Athens, Georgia taxman at negia.net

Response:

I guess that is what confuses me. If expense accounts increase as time goes on…. then it seems to me they should be on the credit side. Bottom line expense accts are normally debit balances and Im having hard time with that

If you spend money (to reduce a debit balance account like the bank) that puts a credit entry against the bank’s debit balance. The "double entry" system forces a debit to increase the debit balance in the expense account. — Paul A. Thomas, CPA Athens, Georgia taxman at negia.net

Response:

You probably had some classes that required a slide rule (do they even sell those today?)

yes you are right! I remember four bange calculators just coming out in my sophomore year… 1974. And they were still expensive Amazing how things have changed huh?

Response:

You are tripping over a difference between "accountant’s English" and "editor’s English." Most editors look at their bank statement where credits are good [increase depositor's balance] and debits are bad [reduce depositor's balance] because you are looking at a statement of the BANK’s books and thus use "he was a credit to his firm" as a compliment. When you are doing bookkeeping the "bank" account is an asset which normally runs a debit balance and for which debits are good [increase the amount of cash in bank] and credits are bad [reduce the amount of cash in bank. Try to think of debit and credit as neutral words like plus and minus with no connotation of good or evil. I suffered through that one in 1956 when I took introductory accounting.

Response:

– Hide quoted text — Show quoted text – The easiest way to remember debits and credits is with the accounting equation: Assets = Liabilities + Owners Equity Assets are on the left, left side accounts are increased with debits. The normal balance of an asset account is a debit balance. Liabilities and Owner’s Equity are on the right, right side accounts are increased with credits. The normal balance of a liability or equity account is a credit balance. Expenses are increased with debits like assets. Revenues are increased with credits like liabilities and equity. There are no negatives or positives in accounting. Just accounts with normal debit or credit balances. ______Bank_______ 50 | This represents a bank account with a debit of $50 (you HAVE $50) _____Gasoline______ | 100 This represents a gasoline expense account of $100 (you have SPENT $100)

WHOOPS! Just found my own error! See what happens when you answer the telephone in mid-thought! _____Gasoline______ 100 | This represents a gasoline expense account of $100 (you have SPENT $100) _____Sales______ | 500 This would represent a sale of goods or services of $500 – Hide quoted text — Show quoted text – ______Owner______ | 5000 This represents an owners equity account with a balance of $5000 (the business owner has $5000 invested in the company either through direct cash or asset contributions, or from retained earnings from prior periods). 50 | 25 This represents the same bank account you started out with $50, but you spent or withdrew $25. Opening debit balance of $50, credit posted of $25, net debit balance of $25… The only time where it would be appropriate to equate a "negative" balance in an account is when the account’s net balance is the OPPOSITE of it’s normal balance. EG. When the bank has a credit balance (you’re overdrawn) or when a liability account has a debit balance (did you overpay a vendor/supplier?) — Stephanie Serba, AICIA Partner, Durham Business Outsource Accounting & Technology smserba <at dbo <dot ca www.dbo.ca DEBITS to: Assets Expenses INCREASE these amounts. CREDITS decrease them. But when you say debits increase Expenses it increases them in the NEGATIVE value, correct? If my car fuel expenses are currently $100 and i debit them another $100…. my total car fuel expense cost is now negative $200, right?

Response:

If you want any more help, feel free to email me offline!

Wow! Gee thanks guys!! Great info!! I will have to re-read the replies a few more times to get it to sink in. <G Again….. it all a bit alien to me having never had any accounting classes at all. Im sure I will have more questions in time

Response:

These concepts will be easier to understand once you get into T-accounts.

Staring to get into them as we speak To complicate things further, once you get farther in your studies there are contra-asset and contra-liablilty accounts!

Oh boy! I wont even worry abt them for now!

Response:

1. Basically, I think the key is to remind yourself that you are thinking always from the BUSINESS perspective, not the customer perspective. A customer wants the bank to credit them some cash. When the bank credits that customer though, it’s a debit to their business cash balance. 2. When a business "debits" cash (an asset), cash goes up. The T-account increases on the left side. How did the business get that cash? Sales? If so, you would "credit" Sales. Sales increases on the right side of the T-account. 3. Really, you just have to memorize the major accounts and if they normally either have a debit or credit balance. It sucks, but the only thing that helps is working with them over time. Like Equity has a credit balance normally (increases on the right)—but it is made up of other things like Revenue, Expenses, etc and those might not all increase in the same way. 4. Another thing I’ve learned is that just because something is "debit" or "credit" doesn’t mean it’s a negative or positive. When you debit CASH, you might have had a sale (which is good), but you might have also borrowed that cash and hence your liability also increases.

Response:

I teach people to use the rules of ALICE – Increase Decrease A ssets + - L iabilities – + I ncome - + C apital - + E xpense + - Where the + equals the debit and the – equals the credit. Hope this helps.

Response:

Yep…..they may help quite a bit! Thanks!

Response:

4ax.com: – Hide quoted text — Show quoted text – Can you help a brother out? Im taking an elementary accounting class at local community college. Never had ANY accounting ever…. not even in high school. Im 46 and just wanted to take this class. Having said that Im struggling a bit with the class. Maybe cause some of the "concepts" are a bit alien to me. We are studying the "accounting equation" which says that Assets= Liabilities + Owners Equity. One Im really having problems with is that i was told that a debit is a decrease to an account. In other words if you debit a "supplies" account you are subtracting. And a credit was an increase to an acct. Is this true for all accounts no matter what side of the equation they are on? To me… when you credit an account you are putting money into it…..such as when I returned something i bought with a Visa card they will say "we will credit your acct" with the cost amt. Any way to help me get clear on this concept? thanks in advance!

DEBITS to: Assets Expenses INCREASE these amounts. CREDITS decrease them. DEBITS to: Liabilities Capital (Equity) Revenues DECREASE these amounts. CREDITS increase them. Thus, if the Bank puts money in your bank account, they CREDIT it (because your bank account is actually their debt (a liability) for them, But, for your intents and purposes, it’s a DEBIT for you… Capisce?

Response:

Debits and credits aren’t negatives and positives even though they appear that way in a trial balance report.

Yep….. that’s what Im learning But man Im having a hard time with that!! Haha For some reason it was in my head that debit and credit had positive and negative connotations but that aint so, huh?

Response:

The easiest way to remember debits and credits is with the accounting equation: Assets = Liabilities + Owners Equity Assets are on the left, left side accounts are increased with debits. The normal balance of an asset account is a debit balance. Liabilities and Owner’s Equity are on the right, right side accounts are increased with credits. The normal balance of a liability or equity account is a credit balance. Expenses are increased with debits like assets. Revenues are increased with credits like liabilities and equity. There are no negatives or positives in accounting. Just accounts with normal debit or credit balances. ______Bank_______ 50 | This represents a bank account with a debit of $50 (you HAVE $50) _____Gasoline______ | 100 This represents a gasoline expense account of $100 (you have SPENT $100) ______Owner______ | 5000 This represents an owners equity account with a balance of $5000 (the business owner has $5000 invested in the company either through direct cash or asset contributions, or from retained earnings from prior periods). 50 | 25 This represents the same bank account you started out with $50, but you spent or withdrew $25. Opening debit balance of $50, credit posted of $25, net debit balance of $25… The only time where it would be appropriate to equate a "negative" balance in an account is when the account’s net balance is the OPPOSITE of it’s normal balance. EG. When the bank has a credit balance (you’re overdrawn) or when a liability account has a debit balance (did you overpay a vendor/supplier?) — Stephanie Serba, AICIA Partner, Durham Business Outsource Accounting & Technology smserba <at dbo <dot ca www.dbo.ca – Hide quoted text — Show quoted text – DEBITS to: Assets Expenses INCREASE these amounts. CREDITS decrease them. But when you say debits increase Expenses it increases them in the NEGATIVE value, correct? If my car fuel expenses are currently $100 and i debit them another $100…. my total car fuel expense cost is now negative $200, right?

Response:

- Hide quoted text — Show quoted text -DEBITS to: Assets Expenses INCREASE these amounts. CREDITS decrease them. DEBITS to: Liabilities Capital (Equity) Revenues DECREASE these amounts. CREDITS increase them. Thus, if the Bank puts money in your bank account, they CREDIT it (because your bank account is actually their debt (a liability) for them, But, for your intents and purposes, it’s a DEBIT for you… Capisce?

Thanks! That helped a lot!

Response:

DEBITS to: Assets Expenses INCREASE these amounts. CREDITS decrease them.

But when you say debits increase Expenses it increases them in the NEGATIVE value, correct? If my car fuel expenses are currently $100 and i debit them another $100…. my total car fuel expense cost is now negative $200, right?

Response:

DEBITS to: Assets Expenses INCREASE these amounts. CREDITS decrease them. But when you say debits increase Expenses it increases them in the NEGATIVE value, correct? If my car fuel expenses are currently $100 and i debit them another $100…. my total car fuel expense cost is now negative $200, right?

In accounting, when you say "negative $200" for fuel expense, people conjure up you getting money for buying gas. Since fuel expense, indeed all expenses, are a debit balance account, a negative debit account is, by most people’s guess, a credit sitting there, and a potential problem to be addressed. Same for asset accounts. The checking account is a debit balance account. If you were to debit the bank you increase the bank balance. A negative bank balance means overdrawn funds, and a problem to address. Debits and credits aren’t negatives and positives even though they appear that way in a trial balance report. — Paul A. Thomas, CPA Athens, Georgia taxman at negia.net

Response:

Correct. Remember which sides are increased by debits or credits like this: Assets are on the left side of the equation, therefore increases are debits. Liabilities and Owner’s Equity are on the right side of the equation, therefore increases are credits. Decreases are the opposite. If an account is INCREASED by a DEBIT, it is DECREASED with a CREDIT. If an account is INCREASED with a CREDIT, it is DECREASED with a DEBIT. These concepts will be easier to understand once you get into T-accounts. To complicate things further, once you get farther in your studies there are contra-asset and contra-liablilty accounts! One Im really having problems with is that i was told that a debit is a decrease to an account. In other words if you debit a "supplies" account you are subtracting. And a credit was an increase to an acct.

Whatever you do to one side of the equation, you must do the opposite on the other side. You can make multiple entries on all sides. EG. Post 2 debits and a credit to the assets side, and a debit to the Liabilities and a credit to Owner’s Equity. AS long as the total debits equals the total credits! Is this true for all accounts no matter what side of the equation they are on?

Remember: Assets are increased with DEBITS and decreased with CREDITS. Liabilites and Owner’s Equity are increased with CREDITS and decreased with DEBITS. To me… when you credit an account you are putting money into it…..such as when I returned something i bought with a Visa card they will say "we will credit your acct" with the cost amt.

Credit cards and bank accounts are treated backwards by banks compared to a set of books you are working on. This is why: to the business, a bank account is an asset and you increase the balance by making deposits that are recorded in the books as DEBITS. To the BANK, YOUR bank account is a LIABILITY, and liabilities are recorded by CREDITS. Therefore when you get your bank statement, withdrawls and cheques are THEIR debits, and deposits are THEIR credits! Your credit card is your LIABILITY and the banks ASSET! Your purchases increase your debt to the bank and are your CREDITS and their DEBITS. Any way to help me get clear on this concept? thanks in advance!

If you want any more help, feel free to email me offline! — Stephanie Serba, AICIA Partner, Durham Business Outsource Accounting & Technology smserba <at dbo <dot ca www.dbo.ca

Response:

- Hide quoted text — Show quoted text – Can you help a brother out? Im taking an elementary accounting class at local community college. Never had ANY accounting ever…. not even in high school. Im 46 and just wanted to take this class. Having said that Im struggling a bit with the class. Maybe cause some of the "concepts" are a bit alien to me. We are studying the "accounting equation" which says that Assets= Liabilities + Owners Equity. One Im really having problems with is that i was told that a debit is a decrease to an account. In other words if you debit a "supplies" account you are subtracting. And a credit was an increase to an acct. Is this true for all accounts no matter what side of the equation they are on? To me… when you credit an account you are putting money into it…..such as when I returned something i bought with a Visa card they will say "we will credit your acct" with the cost amt. Any way to help me get clear on this concept? thanks in advance! Whether a debit is an increase or decrease depends on which account it’s made

to. Generally, debits INCREASE assets and expenses and decrease income ,liabilities, and net worth. That’s because assets and expenses generally have debit balances. The reverse is true for credits. Joe Bruno Si vis pacem, para bellum (If you want peace, prepare for war) Ancient Roman Motto Visit my web page for pictures, music, and accounting services http://www.msnusers.com/Joepictures2008/shoebox.msnw

Response:

Can you help a brother out? Im taking an elementary accounting class at local community college. Never had ANY accounting ever…. not even in high school. Im 46 and just wanted to take this class. Having said that Im struggling a bit with the class. Maybe cause some of the "concepts" are a bit alien to me. We are studying the "accounting equation" which says that Assets= Liabilities + Owners Equity. One Im really having problems with is that i was told that a debit is a decrease to an account. In other words if you debit a "supplies" account you are subtracting. And a credit was an increase to an acct. Is this true for all accounts no matter what side of the equation they are on? To me… when you credit an account you are putting money into it…..such as when I returned something i bought with a Visa card they will say "we will credit your acct" with the cost amt. Any way to help me get clear on this concept? thanks in advance!

Response:

– Hide quoted text — Show quoted text – Im taking an elementary accounting class at local community college. Never had ANY accounting ever…. not even in high school. Im 46 and just wanted to take this class. Having said that Im struggling a bit with the class. Maybe cause some of the "concepts" are a bit alien to me. We are studying the "accounting equation" which says that Assets= Liabilities + Owners Equity. One Im really having problems with is that i was told that a debit is a decrease to an account. In other words if you debit a "supplies" account you are subtracting. And a credit was an increase to an acct. Is this true for all accounts no matter what side of the equation they are on? To me… when you credit an account you are putting money into it…..such as when I returned something i bought with a Visa card they will say "we will credit your acct" with the cost amt. Any way to help me get clear on this concept?

You have to know what type of account it is to know if a debit or credit increases or decreases it. Assets and expense accounts are generally debit balance accounts, and as such, a debit to those accounts increases the account, Example: You buy a car for cash. The entry is to debit the "Vehicle" asset account and credit cash. Cash goes down because you wrote the check, and Vehicles goes up because by the price of the new car. Example: You write the check for the power bill. You debit "Utilities" and credit the bank. Liabilities, income and equity are credit accounts, and as such, a credit to those accounts increases them, while a debit to those accounts decreases them. Example: You borrow $50,000. Credit "loan payable" and debit the bank for the deposit. Example: You make a loan payment (pay attention because this gets tricky). You credit the bank for the amount of the check, and you debit the loan payable for the principle amount and debit the expense account for the interest portion. Make a cheat card for yourself that reads in part: Debits ! Credits Assets ! Liabilities Expenses ! Income ! Equity In fact, get the guy who sits in front of you to tattoo it to his butt. — Paul A. Thomas, CPA taxman at negia.net

Response:

Author: admin on
Category: Business Accounting
Tags: Business Accounting

Accounting Talk » Office Accounting » OT: Praise For The American Soldier

OT: Praise For The American Soldier

Question:

http://www.time.com/time/personoftheyear/2003/story.html

Response:

http://www.time.com/time/personoftheyear/2003/story.html

It’s about fucking time, Time

Author: admin on
Category: Office Accounting
Tags: Office Accounting

Accounting Talk » Accountants » WalMart.com Does Lindows

WalMart.com Does Lindows

Question:

– Hide quoted text — Show quoted text – On Sunday 29 December 2002 09:44 am, A. Lucien Meyers shouted from the highest mountain: If you want the best stability and reliability, Slackware is IMHO unbeatable. It is actually my preferred distrib, using a BSD-like init system and has the best documented config files I have ever seen in any system anywhere. Slackware has a "KISS" approach but requires you to learn some unix. Was never able to crash my Slackware system, although I did some pretty mean things to it. Just waiting for the 9.0 release to get a set of CDs and install it. Meanwhile I’m just too lazy. ;-) Thanks for the info. I have no problem learning some UNIX, in fact I desperately *want* to know the ins and outs of the UNIX/Linux system.

Just visit the Slackware website at http://www.slackware.com download, print and, most importantly, READ the book. Order the CDs and jump in. BTW Slack installs the quickest of any GNU/Linux distrib. Online support is best at the slackware newsgroup AFAICR: alt.os.linux.slackware otherwise go to http://www.google.com click the newsgroups button and search for ’slackware’. Some of the gurus are not very patient with newbies too lazy to read the manuals but otherwise the Slack newsgroup can solve any problem and then some. Lucien — If you receive this by error, please delete it and inform the sender. http://www.consult-meyers.com recommends email encryption using GnuPG.

Response:

I tried this Lindows, it totally sucks. – Hide quoted text — Show quoted text – <snip http://www.digitaljournal.com/news/?articleID=3153 This could get VERY interesting. I looked into this Lindows. I’m not so sure about that one. Watered-down Linux and watered-down Windows. Almost seems like the worst of both worlds. I’d rather go straight Linux. BTW, to A.L. Meyers or anyone else, I am currently using Windows and SuSE Linux. I want to try a different distribution on a new (clean) PC I will be getting. I’d like to get my hands a little dirtier this time. Any suggestions on a distribution? I was thinking Slackware, but this Gentoo thing looks rather interesting, using some BSD technology. Still leaning towards Slackware though. I don’t think I could quite handle LFS (Linux From Scratch) yet. — Todd Stephens

Response:

<big snip – FreeBSD took the approach of trying to be the "best BSD for Intel-compatible hardware." There are now ports to Alpha and SPARC, but it’s most mature on Intel hardware.

<big snip Many may know this, but the alpha chip was created by DEC, which was acquired by Compaq and then HP. I believe the last alpha upgrade has already been released (there may be one more). I have not followed this recently because most HP/Compaq/DEC people supporting alpha are no longer doing so. Mike Block, QuickBooks Tax Cut CPA, 954-566-7540 Charter Member: QuickBooks Advisory Council Lowest QB Prices http://blocktax.com/lowest_QuickBooks_prices.htm Free 462p QB Book http://blocktax.com/free-quickbooks-book.htm Error Codes/Fixes http://blocktax.com/quickbooks-errors.htm Shortcuts Download http://blocktax.com/quickbooks_shortcuts.htm 200 QB Add-ons http://blocktax.com/quickbooks-addons/quickbooks-add-ons.htm

Response:

– Hide quoted text — Show quoted text – <snip http://www.digitaljournal.com/news/?articleID=3153 This could get VERY interesting. I looked into this Lindows. I’m not so sure about that one. Watered-down Linux and watered-down Windows. Almost seems like the worst of both worlds. According to the reviews I have read, the Linux commentators share your view. I’d rather go straight Linux. So would I, but it is still an interesting trend. BTW, to A.L. Meyers or anyone else, I am currently using Windows and SuSE Linux. I want to try a different distribution on a new (clean) PC I will be getting. I’d like to get my hands a little dirtier this time. Any suggestions on a distribution? I was thinking Slackware, but this Gentoo thing looks rather interesting, using some BSD technology. Still leaning towards Slackware though. I don’t think I could quite handle LFS (Linux From Scratch) yet. Please keep us posted. I’m using RedHat, which is probably no "dirtier" than SuSE.

Currently use SuSE a lot because it is the most widely used distrib in Europe, has much German literature and is relatively easy for newbies. But it keeps you in a straightjacket with its proprietary configuration tools. Tested Gentoo GNU/Linux for several months but gave up on it because the packaging tools and frequently the packages are simply too much on the "bleeding edge" and therefore frequently are wounded. According to my value system, a gram of either stability or reliability is worth a kilogram of both newness and coolness. Debian is an excellent distrib. Its packaging system "apt-get" with ".deb" files is generally proclaimed the best. If you want the best stability and reliability, Slackware is IMHO unbeatable. It is actually my preferred distrib, using a BSD-like init system and has the best documented config files I have ever seen in any system anywhere. Slackware has a "KISS" approach but requires you to learn some unix. Was never able to crash my Slackware system, although I did some pretty mean things to it. Just waiting for the 9.0 release to get a set of CDs and install it. Meanwhile I’m just too lazy. ;-) Lucien — If you receive this by error, please delete it and inform the sender. http://www.consult-meyers.com recommends email encryption using GnuPG.

Response:

snipped I looked into this Lindows. I’m not so sure about that one. Watered-down Linux and watered-down Windows. Almost seems like the worst of both worlds. I’d rather go straight Linux.

Whoa ! Guess thats because you haven’t tried it. I found it to be an utter swine to set up. If you are more IT than financial fair enough. If your computer is a convenient tool for you, then I think not.

Response:

On Sunday 29 December 2002 10:14 am, Kelly Tait shouted from the highest mountain: Whoa ! Guess thats because you haven’t tried it. I found it to be an utter swine to set up. If you are more IT than financial fair enough. If your computer is a convenient tool for you, then I think not.

Haven’t tried what? Linux? Yes, I have been using it for some time now. It was a little tricky to get going at first, but mainly because a great deal of my hardware is designed for windows-plug and play stuff that Linux did not support well. — Todd Stephens

Response:

On Sunday 29 December 2002 09:44 am, A. Lucien Meyers shouted from the highest mountain: If you want the best stability and reliability, Slackware is IMHO unbeatable. It is actually my preferred distrib, using a BSD-like init system and has the best documented config files I have ever seen in any system anywhere. Slackware has a "KISS" approach but requires you to learn some unix. Was never able to crash my Slackware system, although I did some pretty mean things to it. Just waiting for the 9.0 release to get a set of CDs and install it. Meanwhile I’m just too lazy. ;-)

Thanks for the info. I have no problem learning some UNIX, in fact I desperately *want* to know the ins and outs of the UNIX/Linux system. — Todd Stephens

Response:

On Sunday 29 December 2002 09:44 am, A. Lucien Meyers shouted from the highest mountain: Tested Gentoo GNU/Linux for several months but gave up on it because the packaging tools and frequently the packages are simply too much on the "bleeding edge" and therefore frequently are wounded. According to my value system, a gram of either stability or reliability is worth a kilogram of both newness and coolness.

How was installation with Gentoo? Was hardware detection/support comparable to SuSE or do you need to set everything manually? — Todd Stephens

Response:

As far as I’m concerned, the long term choices are between: a) Red Hat, Is that because of the prominence of RH in the Linux community? More support available, etc…

Prominence is the first point there. The fact that many alternatives (Mandrake, TurboLinux) have been constructed as derivatives of Red Hat is a strong second point. b) Debian, I looked into this but the feeling I got from their website is that it is something along the lines of OSX; an OS /based/ on Linux, but not all Linux.

I can’t imagine how you could conceivably have gotten that idea, which is certainly incorrect. There’s a "Debian/Hurd" port that isn’t based on Linux, but aside from such truly experimental stuff, the notion that it’s somehow "less Linux" than any other distribution is just plain silly. The only way to consider it to be a correct claim would involve considering Linux to just be the base OS kernel. That would, of course, imply that /all/ the common Linux-based systems are "merely based on Linux." If it were arguable that Debian "was not all Linux," then neither are the distributions from Red Hat, Gentoo, SuSE, MandrakeSoft, or /anyone/ else. c) Gentoo (or something with similar handling of Ports), I am looking long and hard at this one. Exactly what benefit does this Ports system confer?

It means that the basis for constructing packages that get added to some "base system" is source code. The "RPM" system that Caldera paid Red Hat Software to create (a less-than-well-known bit of history) has the result that software is distributed in the form of pre-compiled binary code. That has the merit of not needing any development tools on the target system. But the major _demerit_ that you need really tight control over the systems used to generate the binary packages lest there be the same kind of "DLL Hell" chaos seen in the Microsoft world. With Ports, you head to an appropriate directory, let’s say /usr/local/ports/Web/Browsers/Mozilla, and run the command "make install." That leads to the packaging system going off and downloading source code for any relevant dependancies, and building them from source. The vital difference between that and the RPM approach is that the "tight control" can take place on /your/ computer, under /your/ control. You don’t have to trust Red Hat Software or Ximian or MandrakeSoft or whomever to have bundled the binaries appropriately. You build them locally, and thus it’s /guaranteed/ that any GNOME or KDE libraries, that you compiled, will be compatible with the applications, /which were compiled using those libraries that you compiled./ d) BSD systems. I thought about this too. I can’t quite figure out the differences between Free/Net/Open BSD versions.

Oversimplifying, somewhat: - NetBSD and FreeBSD were projects to make use of the final University of California at Berkeley/San Diego release of the BSD 4.4 Lite version of Unix. – NetBSD declared its intent to be to be extremely portable. It runs on a huge number of hardware platforms, including some obscure obsolete hardware that no other OS is currently supported for. – FreeBSD took the approach of trying to be the "best BSD for Intel-compatible hardware." There are now ports to Alpha and SPARC, but it’s most mature on Intel hardware. – OpenBSD sprung off the side of NetBSD. Theo de Raadt was working on some security patches to NetBSD, but the community discovered that it was impossible for everyone to work together. (Theo is a rather prickly character, which may well understate things dramatically.) And so OpenBSD sprung off as some people interested in doing security audit work on BSD code that /were/ capable of working together started OpenBSD as a new project. The other options are largely derivative of these, with SuSE being the other one that is most viable and that is almost not quite like any of the four I listed… I may very well stick with SuSE in that case. I have been very happy with it to date, I was just wondering what the others had to offer. I have tried RH and Mandrake, but could not get either up-and-running as smoothly as SuSE. How is SuSE different from the others?

Historically, its genesis was as a project by a German company to build an RPM-based Linux distribution that was originally based on Slackware. (Thus tying some threads together .) The results have diverged considerably from what Slackware has/had, and aside from using some of the same software management tools (e.g. – RPM), it never was terribly related to Red Hat’s distribution. The big difference between SuSE and most other Linux distributions, these days, is that the only realistic way to acquire it is by buying a "boxed set." You can go to other vendors (notably CheapBytes and LinuxCentral) and _legitimately_ buy CDs with the full contents of such notable distributions as Debian, Gentoo, Slackware, Mandrake, and Red Hat (albeit without the Red Hat name, as that would be a /trademark/ violation). But for SuSE, all that can be gotten without buying a "boxed set" is essentially a "demo CD" consisting of about 1/6th of what the distribution was like back in 2000. — http://www3.sympatico.ca/cbbrowne/linuxdistributions.html "A program invented (sic) by a Finnish computer hacker and handed out free in 1991 cost investors in Microsoft $11 billion (#6.75 billion) this week." — Andrew Butcher in the UK’s Sunday Times, Feb 20th, 1999

Response:

On Sunday 29 December 2002 01:18 am, Christopher Browne shouted from the highest mountain: <big snip of of fascinating history You can go to other vendors (notably CheapBytes and LinuxCentral) and _legitimately_ buy CDs with the full contents of such notable distributions as Debian, Gentoo, Slackware, Mandrake, and Red Hat (albeit without the Red Hat name, as that would be a /trademark/ violation). But for SuSE, all that can be gotten without buying a "boxed set" is essentially a "demo CD" consisting of about 1/6th of what the distribution was like back in 2000.

Thanks for all the information. I see I was simply misunderstanding what Debian had put on their website. I think I will stick with SuSE as they are pretty good about releasing RPMs optimized for the SuSE system. The only thing is that you have to wait a while after the initial release of some software to get the "SuSE-ified" version. Like when KDE releases a new version it usually takes a few weeks for the RPMs to show up on SuSE’s ftp site. I made the mistake of using the RPMs directly from KDE the last time and everything went wrong. I’ll keep Gentoo in mind though. I like the Ports system, at least conceptually. — Todd Stephens

Response:

<snip http://www.digitaljournal.com/news/?articleID=3153 This could get VERY interesting. I looked into this Lindows. I’m not so sure about that one. Watered-down Linux and watered-down Windows. Almost seems like the worst of both worlds.

According to the reviews I have read, the Linux commentators share your view. I’d rather go straight Linux.

So would I, but it is still an interesting trend. BTW, to A.L. Meyers or anyone else, I am currently using Windows and SuSE Linux. I want to try a different distribution on a new (clean) PC I will be getting. I’d like to get my hands a little dirtier this time. Any suggestions on a distribution? I was thinking Slackware, but this Gentoo thing looks rather interesting, using some BSD technology. Still leaning towards Slackware though. I don’t think I could quite handle LFS (Linux From Scratch) yet.

Please keep us posted. I’m using RedHat, which is probably no "dirtier" than SuSE. Jim

Response:

As far as I’m concerned, the long term choices are between: a) Red Hat,

Is that because of the prominence of RH in the Linux community? More support available, etc… b) Debian,

I looked into this but the feeling I got from their website is that it is something along the lines of OSX; an OS /based/ on Linux, but not all Linux. c) Gentoo (or something with similar handling of Ports),

I am looking long and hard at this one. Exactly what benefit does this Ports system confer? d) BSD systems.

I thought about this too. I can’t quite figure out the differences between Free/Net/Open BSD versions. The other options are largely derivative of these, with SuSE being the other one that is most viable and that is almost not quite like any of the four I listed…

I may very well stick with SuSE in that case. I have been very happy with it to date, I was just wondering what the others had to offer. I have tried RH and Mandrake, but could not get either up-and-running as smoothly as SuSE. How is SuSE different from the others? — Todd Stephens

Response:

The original expectation was that Lindows would, by including WINE, the "Windows Emulator," run quite a bit of Windows software. The vendor has backed off on that sort of claim, considerably. Lindows isn’t "not Linux," but it’s not a particularly mature distribution nor does it come from a particularly mature organization. Those are both issues, to be sure… BTW, to A.L. Meyers or anyone else, I am currently using Windows and SuSE Linux. I want to try a different distribution on a new (clean) PC I will be getting. I’d like to get my hands a little dirtier this time. Any suggestions on a distribution? I was thinking Slackware, but this Gentoo thing looks rather interesting, using some BSD technology. Still leaning towards Slackware though. I don’t think I could quite handle LFS (Linux From Scratch) yet.

My /great/ disappointment is that Patrick Volkerding didn’t adopt BSD Ports as the packaging system for Slackware /years ago/; that would almost certainly have improved the popularity of Slackware, substantially, patched over some of the rifts between Linux and BSD communities, and led to there being a /lot/ more software readily included with the typical Slackware system. As far as I’m concerned, the long term choices are between: a) Red Hat, b) Debian, c) Gentoo (or something with similar handling of Ports), d) BSD systems. The other options are largely derivative of these, with SuSE being the other one that is most viable and that is almost not quite like any of the four I listed… LFS is only of value if you’re into doing everything by hand, which is handy if you’re building one-off firewalls, but if you’re trying to do anything /serious/, I’d start with one of (RHAT|Debian|Gentoo|BSD) and customize accordingly. If you’re planning to sell "firewall on a floppy" products, you’d need to go with a "LFS" approach, but that’s not a particularly common scenario, certainly not for accountants on this newsgroup . — http://cbbrowne.com/info/wp.html "And the next time you consider complaining that running Lucid Emacs 19.05 via NFS from a remote Linux machine in Paraguay doesn’t seem to get the background colors right, you’ll know who to thank." — Matt Welsh

Response:

– Hide quoted text — Show quoted text – WalMart.com Does Lindows Walmart is the first major retailer to sell personal computers loaded with a new operating system called Lindows, as opposed to the Microsoft Corporation’s Windows system installed on 95 percent of the world’s PCs. Lindows is a simplified version of Linux, a powerful but relatively complex operating system favored by many computer programmers. Walmart currently makes these bargain computers available only to online shoppers at Walmart.com. Cythia Lin, a spokeswoman for the company, says the decision to market to Linux fans occurred earlier this year. http://www.digitaljournal.com/news/?articleID=3153 This could get VERY interesting. Indeed. The M$ colossus is hollow and teetering. Yours truly currently teaches the first introductory Linux class to end users at the Commercial Education Centre in Zug, Switzerland. Now that QuickBooks is coming out with a Mac version, and Mac OSX is a version of Unix, we may soon have QB for Linux. This also may relate to Intuit considering its internal Oracle servers part of its user’s network.

That they did a port of QB to OS-X does /not/ mean that it would be the slightest bit easier to deploy a version for Linux. There are /no/ common GUI APIs between OS-X and any of the rest of the Unix world, as OS-X uses a uniquely-Apple-created set of graphical infrastructure that does not even vaguely resemble what runs on traditional Unixes or Linux. Furthermore, the "Oracle" bit seems somewhat disputable. The last time I saw Intuit doing serious recruiting for the internal systems used to support things like CheckFree, they were looking for a bunch of AS/400 folk. That looks a whole lot more like "IBM embedded" than it does like Oracle. They have adopted Informatica, which runs atop Oracle, as their ERP system, which certainly brings in a need for some Oracle stuff. But I wouldn’t attribute /any/ significance to that, in terms of what one would expect to be in their product line in the future. The /most/ interesting question is where Intuit heads to vis-a-vis Microsoft’s "Dot NET" strategy. Intuit has long been aligning itself more and more closely with Microsoft, what with: a) The near-take-over; b) Their adoption of "Embedded Internet Explorer" as the way to give a "webby" front end to Quicken. The natural next step might be to jump whole-hawg into .NET, although their adoption of some Apache Project components to implement some of the internals of TurboTax last year seemed an interesting departure from the usual "M$-Lackydom." I’m not sure it’s at all wise for Intuit to tie themselves forcibly to NET, and while some recent hiring looks for some people who know about it, it’s not evident that they are necessarily adopting it outright. (Seems wise to me…) — http://www3.sympatico.ca/cbbrowne/sgml.html Rules of the Evil Overlord #157. "Whenever plans are drawn up that include a time-table, I’ll post-date the completion 3 days after it’s actually scheduled to occur and not worry too much if they get stolen." <http://www.eviloverlord.com/

Response:

Now that QuickBooks is coming out with a Mac version, and Mac OSX is a version of Unix, we may soon have QB for Linux. This also may relate to Intuit considering its internal Oracle servers part of its user’s network. Mike Block, QuickBooks Tax Cut CPA, 954-566-7540 Charter Member: QuickBooks Advisory Council Lowest QB Prices http://blocktax.com/lowest_QuickBooks_prices.htm Free 462p QB Book http://blocktax.com/free-quickbooks-book.htm Error Codes/Fixes http://blocktax.com/quickbooks-errors.htm Shortcuts Download http://blocktax.com/quickbooks_shortcuts.htm 200 QB Add-ons http://blocktax.com/quickbooks-addons/quickbooks-add-ons.htm

Response:

<snip http://www.digitaljournal.com/news/?articleID=3153 This could get VERY interesting.

I looked into this Lindows. I’m not so sure about that one. Watered-down Linux and watered-down Windows. Almost seems like the worst of both worlds. I’d rather go straight Linux. BTW, to A.L. Meyers or anyone else, I am currently using Windows and SuSE Linux. I want to try a different distribution on a new (clean) PC I will be getting. I’d like to get my hands a little dirtier this time. Any suggestions on a distribution? I was thinking Slackware, but this Gentoo thing looks rather interesting, using some BSD technology. Still leaning towards Slackware though. I don’t think I could quite handle LFS (Linux From Scratch) yet. — Todd Stephens

Response:

– Hide quoted text — Show quoted text – WalMart.com Does Lindows By David Clements WASHINGTON – Call it shrewd marketing, risky business, or a bargain, call it whatever you choose, it may come as a surprise that the American retailing giant, Walmart, is known in the computer industry for something other than low prices on household goods. Walmart is the first major retailer to sell personal computers loaded with a new operating system called Lindows, as opposed to the Microsoft Corporation’s Windows system installed on 95 percent of the world’s PCs. Lindows is a simplified version of Linux, a powerful but relatively complex operating system favored by many computer programmers. <snip Walmart currently makes these bargain computers available only to online shoppers at Walmart.com. Cythia Lin, a spokeswoman for the company, says the decision to market to Linux fans occurred earlier this year. Wittingly or unwittingly, Walmart had already been marketing to them when they offered computers with no operating system at all. Without the cost of Windows’ licensing fees, these computers were very inexpensive. Many computer users chose to install Linux on them instead of Windows. Ms. Lin says the low cost and absence of Windows on the PCs made them an ideal choice for the Linux community. "In February we began testing this on our site and the response was really tremendous," she said. "Some people found it on our site, they started telling their friends, who told their friends, and word got out very quickly. Sales of the PCs without the operating system were, and continue to be, quite strong. We realized that we found an opportunity and it was one that wanted to continue to explore." Their exploration led them to an upstart operating system called Lindows. Lindows is a new version of Linux that has the ability to run some programs designed for the Windows operating system, without Windows installed. <snip http://www.digitaljournal.com/news/?articleID=3153 This could get VERY interesting.

Indeed. The M$ colossus is hollow and teetering. Yours truly currently teaches the first introductory Linux class to end users at the Commercial Education Centre in Zug, Switzerland. A. Lucien Meyers, CIA, CMA — If you receive this by error, please delete it and inform the sender. http://www.consult-meyers.com recommends email encryption using GnuPG.

Response:

WalMart.com Does Lindows By David Clements WASHINGTON – Call it shrewd marketing, risky business, or a bargain, call it whatever you choose, it may come as a surprise that the American retailing giant, Walmart, is known in the computer industry for something other than low prices on household goods. Walmart is the first major retailer to sell personal computers loaded with a new operating system called Lindows, as opposed to the Microsoft Corporation’s Windows system installed on 95 percent of the world’s PCs. Lindows is a simplified version of Linux, a powerful but relatively complex operating system favored by many computer programmers. <snip Walmart currently makes these bargain computers available only to online shoppers at Walmart.com. Cythia Lin, a spokeswoman for the company, says the decision to market to Linux fans occurred earlier this year. Wittingly or unwittingly, Walmart had already been marketing to them when they offered computers with no operating system at all. Without the cost of Windows’ licensing fees, these computers were very inexpensive. Many computer users chose to install Linux on them instead of Windows. Ms. Lin says the low cost and absence of Windows on the PCs made them an ideal choice for the Linux community. "In February we began testing this on our site and the response was really tremendous," she said. "Some people found it on our site, they started telling their friends, who told their friends, and word got out very quickly. Sales of the PCs without the operating system were, and continue to be, quite strong. We realized that we found an opportunity and it was one that wanted to continue to explore." Their exploration led them to an upstart operating system called Lindows. Lindows is a new version of Linux that has the ability to run some programs designed for the Windows operating system, without Windows installed. <snip http://www.digitaljournal.com/news/?articleID=3153 This could get VERY interesting. Jim Hudspeth

Response:

Author: admin on
Category: Accountants
Tags: Accountants

Accounting Talk » Finance Accounting » EBITDA

EBITDA

Question:

I think EBITDA might be of use to those who like to work on gross cash flow,

There is already a place for "those who like" to go in the GAAP financials. It is "Cash Provided (Used) by Operations" in the Statement of Cash Flows. Regards, Bill

Response:

I work for a German/American company and am not too familiar with the term, EBITDA. I know what it means, but am not sure how to structure my P&L with depreciation on the statements. Please advise.

If you are a public company, you are required to comply with the captions as listed in Regulation S-X. Hint: EBITDA is not listed. It is not GAAP. – Hide quoted text — Show quoted text – Dana, EBITDA is a creative accounting measure "soft fraudsters" have designed with the intent to turn investors’ attention away from the negative "bottom line" (net loss). You can work back up to it something like this: Net result before restatement, extraordinary items and discontinued operations + Amortization expenses + Depreciation expenses + Interest expenses + Tax expenses = EBITDA – Amortization expenses – Depreciation expenses = EBIT The last issue of "Strategic Finance", the magazine of the Institute of Managment Accountants, has a critical article about EBITDA reporting. Here is the site: http://www.imanet.org

Or as I heard recently "EBS reporting" Everthing but the bad stuff. Thanks for the link. The IMA strongly recommends that accountants not use EBITDA at all. The reasons are in the article. For more information see also "pro forma financial reporting" using the Google search engine. http://www.google.com A. Lucien Meyers, CIA, CMA — If you receive this by error, please delete and inform sender. www.consult-meyers.com recommends e-mail encryption using pgp.

– sarah clark When you forget yourself and are united with your task, that is your liberation. If there is a milestone of realization on the path, well and good, but it is in the continued practice of uniting with your work that you turn the wheel of the Dharma for yourself, for the Sangha, and for the world. — robert aitken

Response:

I work for a German/American company and am not too familiar with the term, EBITDA. I know what it means, but am not sure how to structure my P&L with depreciation on the statements. Please advise.

Dana, EBITDA is a creative accounting measure "soft fraudsters" have designed with the intent to turn investors’ attention away from the negative "bottom line" (net loss). You can work back up to it something like this: Net result before restatement, extraordinary items and discontinued operations + Amortization expenses + Depreciation expenses + Interest expenses + Tax expenses = EBITDA – Amortization expenses – Depreciation expenses = EBIT The last issue of "Strategic Finance", the magazine of the Institute of Managment Accountants, has a critical article about EBITDA reporting. Here is the site: http://www.imanet.org The IMA strongly recommends that accountants not use EBITDA at all. The reasons are in the article. For more information see also "pro forma financial reporting" using the Google search engine. http://www.google.com A. Lucien Meyers, CIA, CMA — If you receive this by error, please delete and inform sender. www.consult-meyers.com recommends e-mail encryption using pgp.

Response:

I think EBITDA might be of use to those who like to work on gross cash flow, but from the operating standpoint could disguise the point that the E might have been boosted by massive investment in fixed assets. — Roger Standing AROC Financial Performance Measurement http://mypage.bluewindow.ch/aroc – Hide quoted text — Show quoted text – I work for a German/American company and am not too familiar with the term, EBITDA. I know what it means, but am not sure how to structure my P&L with depreciation on the statements. Please advise. Dana, EBITDA is a creative accounting measure "soft fraudsters" have designed with the intent to turn investors’ attention away from the negative "bottom line" (net loss). You can work back up to it something like this: Net result before restatement, extraordinary items and discontinued operations + Amortization expenses + Depreciation expenses + Interest expenses + Tax expenses = EBITDA – Amortization expenses – Depreciation expenses = EBIT The last issue of "Strategic Finance", the magazine of the Institute of Managment Accountants, has a critical article about EBITDA reporting. Here is the site: http://www.imanet.org The IMA strongly recommends that accountants not use EBITDA at all. The reasons are in the article. For more information see also "pro forma financial reporting" using the Google search engine. http://www.google.com A. Lucien Meyers, CIA, CMA — If you receive this by error, please delete and inform sender. www.consult-meyers.com recommends e-mail encryption using pgp.

Response:

I work for a German/American company and am not too familiar with the term, EBITDA. I know what it means, but am not sure how to structure my P&L with depreciation on the statements. Please advise.

Response:

Author: admin on
Category: Finance Accounting
Tags: Finance Accounting

Accounting Talk » Accountants » Ford V-6 Head Gaskets

Ford V-6 Head Gaskets

Question:

- Hide quoted text — Show quoted text – Tony, Son of a gun!!! A dissertation that hits the nail on the head so accurately and firmly that no second blow is required. Not from you, maybe. <g Generally (for those undecided): A auto-conversion requires more work, period!! The end result after these years of experience is to HOW to do it correctly. The end product is no less reliable than a Lycoming or Continental or Franklin. Can be.

Is there a generality that makes them less reliable? The product can be much less expensive than the certified type. Here’s another…. CAN BE.

The point is the ability to control that cost…just as one controls the cost of manufacturing the plane by doing it himself. The newly built aero conversion can cost no more than a mid-to-high time certified type. In my case my choice of an aero conversion is because I will have the "0" time engine I want when I finish To me, "0" time is an engine yet to be proven.

Is 500 flying trouble free enough? Is 10,000 flying trouble free enough? There is no trip point at which the naysayers will concede an automotive conversion is proven. As sure as no number of failures of aviation certified types will qualify these as un-airworthy. AND, adding it ALL up, I will have spent less than $3000 for the engine and $1500 for the PSRU. This is only your INITIAL investment.

No! Lock, stock and and barrel…Running engine complete with accessories and radiator ready for the prop. Time will reveal your additional development costs – financial and otherwise, as yet unknown to you. Hopefully, the gods will be kind over the years to you, the eternal test pilot. This is assuming that you are not frightened sufficiently along the development way to see your project through 500, 1000 or ???? hours. One may believe the costs are going to be less than the usual experience with a bona fide aircraft engine, but one will not even have a realistic inkling until the adventure is well under way. In the early stages, you may be one of the fortunates that can prove his financial point, but only time will tell. Even if things work out where you don’t kill yourself while attempting to save an elusive 5 grand or whatever, it will never justify the majority’s distaste to crap shoot in like manner.

How is it that people flock to buy the plans for an RV-8 with a crashed prototype? How many hours must the RV-6 fly before one concludes that the wings won’t fall off. Every darn plane built by an amateur is an adventure in experimental flight! Is it more or less so than the engine built to a set if instructions by the amateur builder? Is it more or less a crap shoot when the nose wheel falls off on landing or the wing comes off because there were only 2 layers of glass rather than the 6 called for in the plans. A crap shoot is statistical, the winning or loosing cannot be controlled by the player. Building and flying a plane and engine one builds himself, here are those words again, CAN BE, due to diligence of the builder, no more hazardous than flying the equivalent commercial type. There is no defect in the design or construction of an automotive engine that makes it less durable or more prone to failure. There is no operational parameter of an automotive conversion that makes it more or less prone to failure than the aviation certified type. – Hide quoted text — Show quoted text – In the meantime… Go for it. It’s your ass and as has been pointed out…. this is experimental aviation. I still think it somewhat funny that people venture into all kinds of variations on the fuselage, airfoils, empennage and composition of the craft, but when its time to power it, have little desire to install anything other than a certified type. It is not something that I cannot comprehend, I have been there, but it is a puzzle that it is the majority opinion. I find no puzzle in it. Obviously, the majority isn’t confounded, either. The answer can be found…. within. <g BOb – resident curmudgeon – U

For hardly more than the change in your pocket, Bob will train ANYONE to the same or greater level of "Curmudgeonism". No need to rush, no need to push (well, unless you are seeking the graduate level), all who desire to learn from the Master will be served. He is ever present and probably immortal. Waiting in line actually is part of the training. You to can learn how to get-the-goat of even the most mild mannered and easy-going people in your circle of FRIENDS! Some of Bob’s graduate alumni have related that applying the training to its fullest can incite apoplectic seizures (facilitating easy movement up the corporate ladder, don’t trip over the corpses). (Gawd, someone please pass the Muzzel Loader!) <G — Bruce A. Frank, Editor "Ford 3.8L Engine and V-6 STOL | Publishing interesting material| | on all aspects of alternative | | engines and homebuilt aircraft.|

Response:

GM may have felt like you do… when the converted their gasoline engine to diesel. Remember that fiasco????? Mine was still running great at 100,000 miles. Ray

So will some auto conversions in airplanes, but…. That’s one…… Out of how many? They can’t all fall on their asses the day after manufacture. Like people, some succeed in spite of themselves. <g BOb U

Response:

I do not think that aviation engine manufacturers are gouging with their

outlandish prices. What they are doing is selling a highly regulated and paper work intensive product to a very limited market.< Yeah, and they paid off the development and tooling about 30 years ago. Regulatory paperwork? The $17,000 price difference will buy a lot of paperwork. Certification cost? When was the last time they certified a new one? Perspective: consider how much money the auto folks spend on just EPA/OBDII compliance, certification, and field support, for every new model, every change, every year. They charge what they do for one simple reason: They can get it. Dan

Response:

GM may have felt like you do… when the converted their gasoline engine to diesel. Remember that fiasco?????

Mine was still running great at 100,000 miles. Ray

Response:

I do not think that aviation engine manufacturers are gouging with their outlandish prices. What they are doing is selling a highly regulated and paper work intensive product to a very limited market.< Yeah, and they paid off the development and tooling about 30 years ago.

Agreed, but so what? They are not chartered as a charity are they? Have you given any thought to what it takes to survive litigation costs today? A recent crash where the pilot fucked up here at 3GV cost Continental over 7 million dollars to settle out of court. The only thing they were guilty of was having their name on the engine. Future buyers will pay these costs or these companies will go out of business, make no mistake about it. Blame the heirs and their lawyers for the cost of todays products… Not the manufacturers. Seems users have no responsibilities at all anymore…. But, guys like you will continue with your misplaced blame. They charge what they do for one simple reason: They can get it. Dan

Charging what the traffic will bear is required in our environment. The management that fails to do so will be dismissed, post haste. BTW…. Auto producers are under the same system. They are just more fortunate to have higher volume to lower unit costs. This has all been said before. Maybe, just maybe, you guys will get the message if it’s beat into your thick skulls long enuff. <g BOb – the benign twin – U

Response:

– Hide quoted text — Show quoted text – Tony, Son of a gun!!! A dissertation that hits the nail on the head so accurately and firmly that no second blow is required. Not from you, maybe. <g Generally (for those undecided): A auto-conversion requires more work, period!! The end result after these years of experience is to HOW to do it correctly. The end product is no less reliable than a Lycoming or Continental or Franklin. Can be. Is there a generality that makes them less reliable?

Is there a generality that makes them as reliable? Is there a generality that sez you will be the one to do so? The product can be much less expensive than the certified type. Here’s another…. CAN BE. The point is the ability to control that cost…just as one controls the cost of manufacturing the plane by doing it himself.

I now do that with my RV3…. using a Lycoming 0-320. The newly built aero conversion can cost no more than a mid-to-high time certified type. In my case my choice of an aero conversion is because I will have the "0" time engine I want when I finish To me, "0" time is an engine yet to be proven. Is 500 flying trouble free enough? Is 10,000 flying trouble free enough? There is no trip point at which the naysayers will concede an automotive conversion is proven. As sure as no number of failures of aviation certified types will qualify these as un-airworthy.

Gather the data…. Then we can hold the discussion. Willy Nilly qualified successes are fine… if you are Willy or Nilly. Too bad, if you are not. AND, adding it ALL up, I will have spent less than $3000 for the engine and $1500 for the PSRU. This is only your INITIAL investment. No! Lock, stock and and barrel…Running engine complete with accessories and radiator ready for the prop.

FLY the sucker… and then keep track of your additional costs… including landing out, aborted flights, etc. – Hide quoted text — Show quoted text – Time will reveal your additional development costs – financial and otherwise, as yet unknown to you. Hopefully, the gods will be kind over the years to you, the eternal test pilot. This is assuming that you are not frightened sufficiently along the development way to see your project through 500, 1000 or ???? hours. One may believe the costs are going to be less than the usual experience with a bona fide aircraft engine, but one will not even have a realistic inkling until the adventure is well under way. In the early stages, you may be one of the fortunates that can prove his financial point, but only time will tell. Even if things work out where you don’t kill yourself while attempting to save an elusive 5 grand or whatever, it will never justify the majority’s distaste to crap shoot in like manner. How is it that people flock to buy the plans for an RV-8 with a crashed prototype? How many hours must the RV-6 fly before one concludes that the wings won’t fall off. Every darn plane built by an amateur is an adventure in experimental flight! Is it more or less so than the engine built to a set if instructions by the amateur builder? Is it more or less a crap shoot when the nose wheel falls off on landing or the wing comes off because there were only 2 layers of glass rather than the 6 called for in the plans. A crap shoot is statistical, the winning or loosing cannot be controlled by the player. Building and flying a plane and engine one builds himself, here are those words again, CAN BE, due to diligence of the builder, no more hazardous than flying the equivalent commercial type.

All crap shoots are NOT created equal. There is no defect in the design or construction of an automotive engine that makes it less durable or more prone to failure. There is no operational parameter of an automotive conversion that makes it more or less prone to failure than the aviation certified type.

This is YOUR belief system. GM may have felt like you do… when the converted their gasoline engine to diesel. Remember that fiasco????? Anywhooo… Proof is in the pudding. Porche and Mooney gave it a go…. and they didn’t even have to deal with liquid cooling headaches. Once again, another well funded venture bites the dust while a minority of experimenters continue on, believing they can build cheaper, yet equal. – Hide quoted text — Show quoted text – In the meantime… Go for it. It’s your ass and as has been pointed out…. this is experimental aviation. I still think it somewhat funny that people venture into all kinds of variations on the fuselage, airfoils, empennage and composition of the craft, but when its time to power it, have little desire to install anything other than a certified type. It is not something that I cannot comprehend, I have been there, but it is a puzzle that it is the majority opinion. I find no puzzle in it. Obviously, the majority isn’t confounded, either. The answer can be found…. within. <g BOb – resident curmudgeon – U For hardly more than the change in your pocket, Bob will train ANYONE to the same or greater level of "Curmudgeonism". No need to rush, no need to push (well, unless you are seeking the graduate level), all who desire to learn from the Master will be served. He is ever present and probably immortal. Waiting in line actually is part of the training. You to can learn how to get-the-goat of even the most mild mannered and easy-going people in your circle of FRIENDS! Some of Bob’s graduate alumni have related that applying the training to its fullest can incite apoplectic seizures (facilitating easy movement up the corporate ladder, don’t trip over the corpses). (Gawd, someone please pass the Muzzel Loader!) <G

Not so. You have me confuzed with another curmudgeon whose name I can no longer mention in public for reasons I cannot discuss. <g BUT, when it comes to immortality… All great men are dead and I am not feeling very well, myself, lately. Other than that, I do my best not to run traffic lights, get home early before the drunks take over the highways at night and…. fly CERTIFIED engines off of long runways with great approaches, so I can to be here the next day for ya’ all that care nothing for longevity. Long may the dollar rule for those that feel money in the bank is more satisfying than a certified engine winging them across hostile terrain. May their quest in developing auto conversions capable of meeting or beating the aircraft engine at its own game, be fulfilled. May I also wish good fortune to those in search of… the Holy Grail, The Fountain of Youth, and of course… Immortality ! <g Peace. BOb – CEO, goat getters R’ Us - U

Response:

Corky, my choice was similar to yours, just for different reasons. You need to get together with my mom and bitch about the demise of the nickel hamburger. IMHO, there is such a thing as being too cheap and scrimping on your powerplant in a single engine aircraft falls into that category. Tony

It’s not that the nickel hamburger is gone, aircraft engines have always been on the top end of the price scale. The choice between a $5000 engine and a $20,000 engine is the not the choice of safe versus unsafe. It is a choice of flying or not flying. Auto conversion offer an equally safe, less expensive alternative. If one can find that well-taken-care-of midtime Lycoming for $5000, excellent. If flying behind a half worn out engine makes you more comfortable, go for it. I guess one could argue it has been "proof tested" by running 1200 hours before going in your plane. As I have asked before, just what part of an automotive engine is less capable of running for 2000 hours? The metallurgy is equal or superior, the combustion chamber, heads and pistons are designed for more efficient operation, the engine is run nearly steady state (unlike automobile application) and the factory testing procedures are much more severe than anything done to certify a Lycoming or Continental. I guess I’ll just have to say it until I am blue in the face, automotive conversions are not falling out of the sky at a higher rate than certified types. Automotive conversions in several cases are operating for 1000+hours towing gliders, a more severe application I cannot imagine. These engines are requiring no exceptional maintenance. An automotive conversion allows one to invest sweat equity to control costs. With the same effort on a basket case core of a Lyc. or Cont. there are still exorbitant parts prices to which to contend. Going out and buying a FWF automotive conversion package is certainly NOT less expensive than a certified type, but those costs do not reflect the necessity for extensive development. What they do reflect is the manufacturer’s need stay in business with a very limited market. An automotive engine is not inexpensive because it is made cheaply. It is inexpensive because it is made tens of thousands at a time. One years production of just about any automotive engine exceeds the last century’s production of Lycomings and Continentals combined (a mild exaggeration). Automotive manufacturers cannot afford call backs and returns, because, unlike aviation engine manufacturers, they have to eat the costs to fix those mistakes. They have to be engineered and manufactured to meet the expectations of the market for performance and durability. I do not think that aviation engine manufacturers are gouging with their outlandish prices. What they are doing is selling a highly regulated and paper work intensive product to a very limited market. If Lycoming built 500,000 of their 0-360s in one year you could probably buy a crate engine for only slightly more than the $2500 automotive crate engine. The point again is that the builder has an opportunity with an auto-conversion to control the costs and if the known procedures are followed produce a FWF package for himself as durable and safe as that half worn out aviation type. — Bruce A. Frank, Editor "Ford 3.8L Engine and V-6 STOL | Publishing interesting material| | on all aspects of alternative | | engines and homebuilt aircraft.|

Response:

- Hide quoted text — Show quoted text – I know Jerry Schweitzer made the statement, however since you brought it up just what would you call a $3,500 divorce and $250/HR legal fees? An un-failed industry? Fine, I won’t argue. Back to a more germane question, I’m not really sure that I understand your statement in regard to the existence of alternate engine development being a healthy factor in your Lycontinental inhabit? I see it in much more of an apples and oranges way. Right-O, when the hangar doors close and no one is looking the airplane owners never work on their airplanes. Once again I won’t argue. However, I think we both know the real truth. Only one glaring problem with your last statement is that we’ve been on that same cusp for years. IIRC Blanton Sr. made essentially the same claim years ago. If he was alive maybe he would just call Jerry a homo like he did the engineer that correctly told him he wasn’t getting 200+hp out of his engine. Tony

Auto engine conversions are only "on the cusp" to those not paying attention. He didn’t tell Blanton that the engine wasn’t making 200 hp. He told him it wasn’t making 260 hp. Blanton’s inability to calculate correctly does not nullify the value of his (Blanton’s) innovation. — Bruce A. Frank, Editor "Ford 3.8L Engine and V-6 STOL | Publishing interesting material| | on all aspects of alternative | | engines and homebuilt aircraft.|

Response:

My buddy just blew a head gasket on his Taurus, and told me this is a common problem. My web searches confirm this. Up until now, I’ve been willing to accept Bruce’s word(s) that this is a fine auto conversion candidate, based on cost, availability, experience, and power/weight ratio. Surely, the Ford V-6 Aeroengine community must be aware of this issue. How are you dealing with it? — Ryan R Young Oakland, CA http://users.lmi.net/~ryoung

Response:

Ryan, I have made several posts here on RAH over the years on fixing this problem. It is not a problem on the correctly prepared engine. The follow is a recent post to the Bearhawk Egroup. There are a couple of methods to prevent blown head gaskets. The first and easiest is, when installing new gaskets, use Copper Coat gasket sealer. This is contrary to all the information in the Ford manuals, but in the real world it works. With a Ford head gasket, after the normal prep of the surfaces, clean the deck of the block and the head with acetone. You are going to spray Copper Coat on all mating surfaces, on the deck of the block, the head, and both sides of the head gasket. Allow each coat to dry tack free before the next coat. Cover all those surfaces with a minimum of 2 coats. After all coats have dried completely assemble the engine and torque new head bolts to spec. You are going to use 1.5 to 2.5 cans of Copper Coat on one engine. Another method that is even more fool proof is to replace the stock Ford head bolts with high strength studs. ARP is a good source but they do not have a "kit" for the Ford engine. You’ll have to send them a sample of the bolts used and they can duplicate them from stock with very high strength studs OR bolts. These replacement parts can be torqued to a much higher value than the stock parts. Even then it is still a good idea to used at least a layer of Copper Coat on each surface. The older head bolts on the 3.8 were a torque to foot pound spec. When Ford went after the problem they went to torque-to-yield bolts that have a specified degrees of rotation to the proper hold down pressure. The Torque-to-yield helped the stock installation somewhat, but adding the Copper Coat fixes the problem permanently in most cases. The super charged engines use blocks and heads that have thicker decks that makes things stiffer, less likely to flex and loose the seal between combustion chamber and the water jacket at the ends of the heads. Particularly troublesome engines have been fixed by installing the head from the Super Charged engine…still running a carburetor, but just using a more heavily constructed head. Another precaution in the airplane is to run the engine no harder than a fast idle on the ground until the oil temp comes up to near water thermostat temp. Some people who did not use the Copper Coat method, but have always observed the oil warm up procedure have gone 800 hours without blowing a head gasket. Part of the problem is asking take off power from the engine before the head and block have become fully heat soaked and expanded to the limit of the head bolt hold down pressure. Starting a cold engine and quickly going to takeoff power is the force that has blown the gasket in virtually every case. In the situation with aluminum heads and iron blocks there is differential of expansion between the head and block. The aluminum head expands and contracts more than the iron block. There is always some sliding against the gasket. This sliding has to take place and the seal has to hold up to that movement. FelPro has some extensive literature on their web page (last time I looked) about the coating applied to the gaskets when manufactured. They warn against using anything else to seal the gasket. (Ford literature says nearly the same thing)But, there had been just as many failures with after-market FelPro gaskets as with the OEM Ford type until we started using Copper Coat. A friend of mine blew the gaskets in his Taurus Station Wagon. The repair was made under warrantee so even though I had passed along the info the mechanic would not do the repair that way. Fifteen thousand miles later the gasket blew again. My friend insisted that Copper Coat be use. The second repair lasted until he traded in the car ninety-five thousand miles later. One last thing, absolutely perfect block and head prep with the finest gaskets did not, by itself, solve the problem. Expensive prep extended the time before the gasket blew, but the next time it was fixed the addition of Copper Coat eliminated the next incident. My buddy just blew a head gasket on his Taurus, and told me this is a common problem. My web searches confirm this. Up until now, I’ve been willing to accept Bruce’s word(s) that this is a fine auto conversion candidate, based on cost, availability, experience, and power/weight ratio. Surely, the Ford V-6 Aeroengine community must be aware of this issue. How are you dealing with it? — Ryan R Young Oakland, CA http://users.lmi.net/~ryoung

– Bruce A. Frank, Editor "Ford 3.8L Engine and V-6 STOL | Publishing interesting material| | on all aspects of alternative | | engines and homebuilt aircraft.| (-o-)/ AIRCRAFT PROJECTS CO. ___/ Manufacturing parts & pieces / for homebuilt aircraft, TIG welding 0 0

Response:

One other thing. The blown gasket causes problems gradually. The coolant pressure starts to creep up. Many times there is only a leak under full power. One builder, when he saw the coolant pressure climbing, landed and loosened the radiator cap. Then took off and flew home 300 miles away. The loose cap allowed the pressure to escape without blowing out the coolant. Temps stayed near normal all the way home with stops about every 50 to 100 miles to check the coolant level. Another builder actually installed a petcock valve on the expansion tank. When he and his wife were out flying on a Sunday he realized that coolant pressures were climbing upon take off after several stops at airports in the area. He landed and cracked the petcock bleed valve. He and his wife then flew the 150 miles home with no problem getting the airplane home where he could easily fix it at his leisure. – Hide quoted text — Show quoted text – Ryan, I have made several posts here on RAH over the years on fixing this problem. It is not a problem on the correctly prepared engine. The follow is a recent post to the Bearhawk Egroup. There are a couple of methods to prevent blown head gaskets. The first and easiest is, when installing new gaskets, use Copper Coat gasket sealer. This is contrary to all the information in the Ford manuals, but in the real world it works. With a Ford head gasket, after the normal prep of the surfaces, clean the deck of the block and the head with acetone. You are going to spray Copper Coat on all mating surfaces, on the deck of the block, the head, and both sides of the head gasket. Allow each coat to dry tack free before the next coat. Cover all those surfaces with a minimum of 2 coats. After all coats have dried completely assemble the engine and torque new head bolts to spec. You are going to use 1.5 to 2.5 cans of Copper Coat on one engine. Another method that is even more fool proof is to replace the stock Ford head bolts with high strength studs. ARP is a good source but they do not have a "kit" for the Ford engine. You’ll have to send them a sample of the bolts used and they can duplicate them from stock with very high strength studs OR bolts. These replacement parts can be torqued to a much higher value than the stock parts. Even then it is still a good idea to used at least a layer of Copper Coat on each surface. The older head bolts on the 3.8 were a torque to foot pound spec. When Ford went after the problem they went to torque-to-yield bolts that have a specified degrees of rotation to the proper hold down pressure. The Torque-to-yield helped the stock installation somewhat, but adding the Copper Coat fixes the problem permanently in most cases. The super charged engines use blocks and heads that have thicker decks that makes things stiffer, less likely to flex and loose the seal between combustion chamber and the water jacket at the ends of the heads. Particularly troublesome engines have been fixed by installing the head from the Super Charged engine…still running a carburetor, but just using a more heavily constructed head. Another precaution in the airplane is to run the engine no harder than a fast idle on the ground until the oil temp comes up to near water thermostat temp. Some people who did not use the Copper Coat method, but have always observed the oil warm up procedure have gone 800 hours without blowing a head gasket. Part of the problem is asking take off power from the engine before the head and block have become fully heat soaked and expanded to the limit of the head bolt hold down pressure. Starting a cold engine and quickly going to takeoff power is the force that has blown the gasket in virtually every case. In the situation with aluminum heads and iron blocks there is differential of expansion between the head and block. The aluminum head expands and contracts more than the iron block. There is always some sliding against the gasket. This sliding has to take place and the seal has to hold up to that movement. FelPro has some extensive literature on their web page (last time I looked) about the coating applied to the gaskets when manufactured. They warn against using anything else to seal the gasket. (Ford literature says nearly the same thing)But, there had been just as many failures with after-market FelPro gaskets as with the OEM Ford type until we started using Copper Coat. A friend of mine blew the gaskets in his Taurus Station Wagon. The repair was made under warrantee so even though I had passed along the info the mechanic would not do the repair that way. Fifteen thousand miles later the gasket blew again. My friend insisted that Copper Coat be use. The second repair lasted until he traded in the car ninety-five thousand miles later. One last thing, absolutely perfect block and head prep with the finest gaskets did not, by itself, solve the problem. Expensive prep extended the time before the gasket blew, but the next time it was fixed the addition of Copper Coat eliminated the next incident. My buddy just blew a head gasket on his Taurus, and told me this is a common problem. My web searches confirm this. Up until now, I’ve been willing to accept Bruce’s word(s) that this is a fine auto conversion candidate, based on cost, availability, experience, and power/weight ratio. Surely, the Ford V-6 Aeroengine community must be aware of this issue. How are you dealing with it? — Ryan R Young Oakland, CA http://users.lmi.net/~ryoung

Response:

My buddy just blew a head gasket on his Taurus, and told me this is a common problem. My web searches confirm this. How are you dealing with it?

Replace with … LYCOMING PARTS. It seems that some auto engines are not really doing all that well in autos. The obvious/natural solution is an air cooled airplane engine conversion. BOb – what’s good for the goose… – U

Response:

It seems that some auto engines are not really doing all that well in autos. The obvious/natural solution is an air cooled airplane engine conversion. BOb – what’s good for the goose… – U

Maybe the obvious solution for you is to stay at home and write useless remarks to the newsgroup. For a lot of people building an experimental aircraft is absolutely crazy and the obvious is to drive a certified plane. For others jumping into a small plane isn’t a sane thing to begin with. Imagine this, there are people who don’t find it obvious paying $25.000 for an engine… Thank you, Bruce, for your continued support of this engine. Your contributions help exploring new technology and enrich the variety of GA. Holger

Response:

- Hide quoted text — Show quoted text – It seems that some auto engines are not really doing all that well in autos. The obvious/natural solution is an air cooled airplane engine conversion. BOb – what’s good for the goose… – U Maybe the obvious solution for you is to stay at home and write useless remarks to the newsgroup. For a lot of people building an experimental aircraft is absolutely crazy and the obvious is to drive a certified plane. For others jumping into a small plane isn’t a sane thing to begin with. Imagine this, there are people who don’t find it obvious paying $25.000 for an engine… Thank you, Bruce, for your continued support of this engine. Your contributions help exploring new technology and enrich the variety of GA. Holger

Phtwak. I am neither paying $25,000 or $25.000 for an any engine. Neither, are most of us that can skin a cat in more than one obvious way. I will with my dying breath take on doods, like you, over true COSTS… if that is the god you worship in your conversion argument with me. I’ve said it before and will again… If the primary/only goal is costs, an auto conversion may very well be the most expensive thing you ever take on. Bear in mind… cost ( k

Author: admin on
Category: Accountants
Tags: Accountants

Accounting Talk » Business Accounting » Single Sign on

Single Sign on

Question:

People are fedup with entering passwords, I know I am. They aren’t even secure. They are a joke. A placebo. You will *never* be able to conduct business over the internet with just a password—unless you want to pay high insurance premiums to pay for all the fraud and repudiation, included in the 5% fees paid by merchants to the credit card companies. It is important for the planet that small businesses somehow get a single-sign-on solution that enables them to securely use more than one business service (selling, purchasing, payroll, collaboration, payments, etc.) The only logical alternative to the internet commons I just described, is a concentration into a small number of giant integrated providers (AOL, MS, Intuit, etc.) This is the monolithic model of internet, versus the component-model. Is the internet the operating system? or a top-down broadcast model to sell us junk, and collect rents? Wake up PEOPLE! Yodlee.com has been doing single-signon at least a year. ebalance.com is better. It provides almost an integrated webledger service, with single sign-on to multiple bank backends http://www.ebalance.com/ and actually parses the account information into category reports like Quicken. It is basically a p&l statement on your bank income and expenses. Awesome. Here’s more reading. http://www.yodlee.com/ http://www.bankrate.com/brm/news/ob/20000502.asp http://news.cnet.com/news//0-1005-200-1536382.html http://aolpf.marketwatch.com/source/blq/aolpf/archive/20000614/news/c… As you know Pro2Net is now, also, an aggregator: http://accounting.pro2net.com/x17334.xml A SIMPLE, SAFE WAY TO TRACK YOUR ONLINE ACCOUNTS Pro2Net and VerticalOne have teamed up to offer AccountMinder — the simple, secure way to stay on top of everything you do online. AccountMinder enables you to consolidate all your accounts in one place. Access all your online accounts — email, banking, investments, credit cards, frequent flier miles, and more — with one password! Hummpph. "Consolidate" is misleading. This is a portal page, where you can give all your passwords to VerticalOne, to *access* all of your accounts. (VerticalOne provides the back end, to provide single-sign-on capability to a bunch of other communities too) I hate all this JUNK, and reject it until these login aggregators VerticalOne, Yodlee and eBalance get off their duffs, and start adding value by providing real authentication so that ordinary people can conduct business with each other. To get your "Yodlee Gold" account, you must come to a Yodlee franchise location, with ID and credit references and if you are accepted, you receive a photo ID /smart card and a PCI NIC or USB device or a wireless Palm, that has a triple-DES and Biometrics, and fifty witches’ hexes built in to tunnel to Yodlee Gold servers. THen, Yodlee Gold servers provide a military grade onwards authentication to participating ASPs, BSPs, DotComs or whatever you want to call them, so that these agents and proxies can intermediate all the various business between parties on a totally nonrepudiable basis. That’s all it is. An authentication service, and some member directory with a query interface. We need nonrepudiation really bad. Internet business needs settlement much cheaper than the 5% fees of credit cards. Internet is headed towards monopoly by monolithic providers. Banks, telcos, and software companies. Todd * Todd F. Boyle CPA http://www.GLDialtone.com/STR.htm * XML accounting, web ledgers, BSPs, ASPs, whatever it takes * Triple-entry accounting rocks. Get into it!

Response:

Here read this http://news.excite.com/news/zd/000830/17/banks-believe-in "Leading institutions drop their lawsuits against online aggregators and sign on to one-stop banking. Wells Fargo’s the latest. "Just a few months ago, financial institutions were filing lawsuits against companies selling one-stop online banking products. Now they’re dropping the lawsuits and rushing to buy their services. "On Wednesday, VerticalOne announced that San Francisco-based Wells Fargo Bank will offer its customers the hottest new tool in banking: account aggregation" etc etc.

Response:

Author: admin on
Category: Business Accounting
Tags: Business Accounting

Accounting Talk » Management Accounting » Is Quick Book Pro (1996 Version) "OK" for a Small Non-Profit Organization?

Is Quick Book Pro (1996 Version) "OK" for a Small Non-Profit Organization?

Question:

We are FUND E-Z nad we sell a reasonably priced Fund accounting system check us out at http://www.fundez.com/. Many of our clients swithed from Quickbooks. If you have any questions please contact me at 914-696-0900 Mike Benowitz FUND E-Z Development Corp. – Hide quoted text — Show quoted text – Hi Group: I’ve been asked by a small local Non-Profit seniors community center Organization (NPO) (They run the normal activities: Thrift Shop, Bingo, Senior Tours and other activities) if it is OK to switch accounting software from Quatro Pro to Quick Books Pro (QBP) (1996 Version). They are trying to symplify the entire accounting and bookkeeping function and at the same time produce the normal necessary management reports on a timely basis while maintaining the normal oversite management controls. (Sorry to use the word "normal" twice!) Things to be considered in your reply are: 1. How well does QBP work with the various revenue and cost centers that an NPO usually has? 2. Are there significant deficiencies in the QBP software that could affect the NPO’s ability to carry out its mandated function? 3. Any other reasons you feel are appropriate to be discussed in this matter. 4. If you believe that the QBP software in inadequate (after specifying your reasons for same), can you suggest alternative software that is reasonably priced for the NPO. Your suggestions on this matter are appreciated in advance! Regards, Al Gershen, Inactive CPA Grants Pass, Oregon, USA and thru ICQ # 12342782 (Message posted thru Deja News on Friday, 12/11/98 at apx. 6:14 PM PST [GMT -8]) — Regards, Al Gershen, Grants Pass, OR, USA

Response:

Hi Group: I’ve been asked by a small local Non-Profit seniors community center Organization (NPO) (They run the normal activities: Thrift Shop, Bingo, Senior Tours and other activities) if it is OK to switch accounting software from Quatro Pro to Quick Books Pro (QBP) (1996 Version). They are trying to symplify the entire accounting and bookkeeping function and at the same time produce the normal necessary management reports on a timely basis while maintaining the normal oversite management controls. (Sorry to use the word "normal" twice!) Things to be considered in your reply are: 1. How well does QBP work with the various revenue and cost centers that an NPO usually has? 2. Are there significant deficiencies in the QBP software that could affect the NPO’s ability to carry out its mandated function? 3. Any other reasons you feel are appropriate to be discussed in this matter. 4. If you believe that the QBP software in inadequate (after specifying your reasons for same), can you suggest alternative software that is reasonably priced for the NPO. Your suggestions on this matter are appreciated in advance! Regards, Al Gershen, Inactive CPA Grants Pass, Oregon, USA and thru ICQ # 12342782 (Message posted thru Deja News on Friday, 12/11/98 at apx. 6:14 PM PST [GMT -8]) — Regards, Al Gershen, Grants Pass, OR, USA

Response:

Author: admin on
Category: Management Accounting
Tags: Management Accounting

Accounting Talk » Office Accounting » OT: House closing delayed

OT: House closing delayed

Question:

: I ‘ll do my famous disco drum solo while standing on my head (yeah : right) for you while simultaneously crossing my fingers, toes, and eyes : GOOD LUCK!!! <shouting to scare off the boogeyman in charge of : house closings. {{{Pricilla}}} ~Miki Don’t injure yourself! It’s a good cause, but some strategies carry too high a price! ;-) Priscilla

Response:

Hey Priscilla I’m sure sorry this has been a rocky road for you. Hopefully it’ll smooth out soon. Stephanie in OR

Response:

I ‘ll do my famous disco drum solo while standing on my head (yeah right) for you while simultaneously crossing my fingers, toes, and eyes GOOD LUCK!!! <shouting to scare off the boogeyman in charge of house closings. {{{Pricilla}}} ~Miki ..the early bird gets the worm, but the second mouse gets the cheese…

Response:

Priscilla: Hang in there and dont let it get to you… pon top of migranie you certinly dont need tension ha’s/// HUGS Teri

Sorry to read this … now all you need are some green olives to make your day complete.. :) I was hoping you were going to get another furball. There is an old saying "It All Comes Out In The Wash" everything will be ok… Good Luck Ronnie Queen Of Hugs

Response:

Well, I was supposed to close on my house tomorrow, but the seller’s attorney screwed up, and I don’t know yet *when* I’ll be able to close! <snip

Priscilla, Sorry this has happened to you! Buying a home can be so frustrating; it seems something always comes up at the last minute. Hope you can work out some type of rental arrangement or something until this gets straightened out. Keeping my fingers crossed for you! Judy "In that night there was music in my mind . . . And through music my soul began to soar! And I heard as I’d never heard before . . ."

Response:

Dear Priscilla: So sorry for the frustration you are going through…I hope you don’t get a headache from it all. Many years ago, I bought a house and a trust was involved and it delayed things beyond belief. I was so distressed, because I had been driving my son to the NEW school, 30+ miles away, for weeks in anticipation of the move (it was September, and I didn’t want to have him switch schools) and I was being told that the delay would be a couple of months. I thought I’d just have to start looking for another house when the real estate agent suggested that I work out a rental agreement on the house with the owners so I could move in and start enjoying the house, and it was a great solution. The rent was the cost of the mortgage payment on the house. It worked beautifully. The escrow didn’t close till the following FEBRUARY! All that waiting was much, much easier since I was already living there. I loved that house and was so glad that we didn’t have to give it up or live in a condo until all the legal crap was taken care of. Is something like this possible for you? Good luck and don’t let the stress get to you! Jill

Response:

: Great big (soft) hugs to you! How frustrating! I hope they get it worked : out, so you and your kitties can have your new home. : God Bless (and praying all goes smoothly, quickly) Thanks, Jane! My mother attends a small, very intimate, service of Eucharist every Wednesday morning at her Episcopal church, and she’s going to be getting them to pray for this situation. In the program (AA) I learned to not ask for results (since you don’t know if that is really what’s best for you), so I think I’m going to pray that I can be flexible enough to handle the unexpected and good humored enough to not take it out on innocent bystanders. I may mention in passing that the one whom I am addressing knows darn well I want to be able to move in and relax! Reminders of what is already known are not requests, are they? ;-) Priscilla (bargaining with The More)

Response:

This sounds terrible. The last thing anyone needs when they move is to have the date postponed. I hope the Guardian ad litum and the letter come through quickly. Good Luck. Suzie Melbourne, Australia There are three crowns: the crown of Torah, the crown of priesthood and the crown of royalty; but the crown of a good name exceeds them all. Pirke Avot 4:19.

Response:

Hang in there girl , hang in there!

Response:

Piece of good news… the pre-closing (hey, it’s PRE! We just don’t know how much pre!) walkthru went great. They cleaned the rubbish out of the yard!!! Of course, they haven’t cut a thing all year, so it’s doing a good impression of a tropical rainforest, but I’m grateful for small mercies, and getting that rubbish taken care of is not small! They also got rid of the good workbench in the basement, but they found the diningroom door and an extra standalone cabinet for the kitchen. Please keep your fingers crossed, the universe invoked, St. Jude alerted, or whatever your "help someone from far away" process may be. I need it, and I’m grateful for all anyone can suggest/transmit/invoke/petition, etc. I’ll keep you posted! Priscilla

Response:

hang in there Pricilla, lawyers are a pain in the butt, I know, my dad is one . Ask your attorney to see if they will allow you to move in ahead of time (i.e., before settlement), and try to work out something so you don’t have to go through this hell might mean signing another agreement, and unless the sellers are real a**holes, then it should be fine. If the attorney hasn’t tried to do that, he’s a peice of S**! Just IMHO Now, i’ll scurry off. — Mary f. <No Kitty! it’s MY POT PIE! _ _ ( / ) | ) ) _,,,/ (,,_ /, . ‘`~ ~-. ;-;;,_ |,4) -,_. , ( `’-’ ’-~~’ (_/~~’ `-’_) It’s a widdle,widdle, widdle pud (She’s not big on sharing, is she?) http://home.earthlink.net/~maryf

Response:

Great big (soft) hugs to you! How frustrating! I hope they get it worked out, so you and your kitties can have your new home. God Bless (and praying all goes smoothly, quickly) Jane in AZ * I hope to be the kind of person my dog thinks I am * – Hide quoted text — Show quoted text – Well, I was supposed to close on my house tomorrow, but the seller’s attorney screwed up, and I don’t know yet *when* I’ll be able to close! Apparently the woman who had owned the house died more than a year ago, and the seller’s attorney followed the rules for when the estate is less than a year old when he should have followed the rules for when the estate is more than a year old. So now we have to wait for one of the heirs, who is under 18, to have a guardian ad litum appointed for him and for some letter to be issued from the Massachusetts Department of Revenue so the trust company will be satisfied with the accounting from the adminstrator of the estate. Needless to say, I am bummed. This may screw up my moving date (next Thursday) and the delivery of my appliances (next Friday) and my expected house guests and my anticipated shelter search for kittens and … and … Bummer. It sucks. How many other ways can I say the same thing? :-( But we’re going ahead with the pre-closing walk-through this afternoon, so we’ll know if there are any other things we’ll need to deal with… like the mamoth piles of rubish in the yard not having been cleaned out or the asbestos hanging in shreds from the basement pipes or… or… I have faith that this will all come out ok in the end, but it still sucks. Priscilla

Response:

Well, I was supposed to close on my house tomorrow, but the seller’s attorney screwed up, and I don’t know yet *when* I’ll be able to close!

Oh Priscilla, Yuck, Yuck, Yick, Yack, and Yuck….. This is the definition of the word bummer. Bummer, Bummer, BUMMER. I know you couldn’t wait for another purry one. BREAATHE….. BREEATTHE….. BREAATTHHE…. Debby

Response:

– Hide quoted text — Show quoted text -Well, I was supposed to close on my house tomorrow, but the seller’s attorney screwed up, and I don’t know yet *when* I’ll be able to close! Apparently the woman who had owned the house died more than a year ago, and the seller’s attorney followed the rules for when the estate is less than a year old when he should have followed the rules for when the estate is more than a year old. So now we have to wait for one of the heirs, who is under 18, to have a guardian ad litum appointed for him and for some letter to be issued from the Massachusetts Department of Revenue so the trust company will be satisfied with the accounting from the adminstrator of the estate. Needless to say, I am bummed. This may screw up my moving date (next Thursday) and the delivery of my appliances (next Friday) and my expected house guests and my anticipated shelter search for kittens and … and …. Bummer. It sucks. How many other ways can I say the same thing? :-( But we’re going ahead with the pre-closing walk-through this afternoon, so we’ll know if there are any other things we’ll need to deal with… like the mamoth piles of rubish in the yard not having been cleaned out or the asbestos hanging in shreds from the basement pipes or… or… I have faith that this will all come out ok in the end, but it still sucks. Priscilla

Bummer:-( Well, look on the positive side – the cats hadn’t yet herded me off to the post office to post your "Welcome to your new home" card:-) Let me know how this progresses – been there done that, read the book, saw the film, ate the cast. BUT, it’s still a bummer when it happens. Hugs, helen S and purrs from the cats for Anti Preesilla.

Response:

Oh, Priscilla, I am so sorry. I know you must feel awful. We didn’t know if we were going to be able to go to settlement on our house up to the day of settlement! It was awful and it was all because the water had failed the health inspection for too much iron and we had to have a softener put on. It was so silly because we already lived in the house, we were renting. And the terms of the mortgage would have expired if we didn’t get to settle on time and we would have had to apply all over again and it was crazy. I remember sitting out in the yard of the house I lived in that I might not be able to buy and saying: okay, the hell with it. I don’t care. If I can’t buy this house, we’ll find another. But if I have to move, I am digging up every last one of my imported holland bulbs!!!! We got the house, the softener got put on and we past the last test. And iron in the water isn’t even that big a deal! I had over a hundred bulbs that I had planted. Take it easy. Remember to breath. You too will be planting bulbs soon. :-) Nudger says woof. diane remove xyz to respond – Hide quoted text — Show quoted text – Well, I was supposed to close on my house tomorrow, but the seller’s attorney screwed up, and I don’t know yet *when* I’ll be able to close! Apparently the woman who had owned the house died more than a year ago, and the seller’s attorney followed the rules for when the estate is less than a year old when he should have followed the rules for when the estate is more than a year old. So now we have to wait for one of the heirs, who is under 18, to have a guardian ad litum appointed for him and for some letter to be issued from the Massachusetts Department of Revenue so the trust company will be satisfied with the accounting from the adminstrator of the estate. Needless to say, I am bummed. This may screw up my moving date (next Thursday) and the delivery of my appliances (next Friday) and my expected house guests and my anticipated shelter search for kittens and … and … Bummer. It sucks. How many other ways can I say the same thing? :-( But we’re going ahead with the pre-closing walk-through this afternoon, so we’ll know if there are any other things we’ll need to deal with… like the mamoth piles of rubish in the yard not having been cleaned out or the asbestos hanging in shreds from the basement pipes or… or… I have faith that this will all come out ok in the end, but it still sucks. Priscilla

Response:

Well, I was supposed to close on my house tomorrow, but the seller’s attorney screwed up, and I don’t know yet *when* I’ll be able to close! Apparently the woman who had owned the house died more than a year ago, and the seller’s attorney followed the rules for when the estate is less than a year old when he should have followed the rules for when the estate is more than a year old. So now we have to wait for one of the heirs, who is under 18, to have a guardian ad litum appointed for him and for some letter to be issued from the Massachusetts Department of Revenue so the trust company will be satisfied with the accounting from the adminstrator of the estate. Needless to say, I am bummed. This may screw up my moving date (next Thursday) and the delivery of my appliances (next Friday) and my expected house guests and my anticipated shelter search for kittens and … and … Bummer. It sucks. How many other ways can I say the same thing? :-( But we’re going ahead with the pre-closing walk-through this afternoon, so we’ll know if there are any other things we’ll need to deal with… like the mamoth piles of rubish in the yard not having been cleaned out or the asbestos hanging in shreds from the basement pipes or… or… I have faith that this will all come out ok in the end, but it still sucks. Priscilla

Response:

Author: admin on
Category: Office Accounting
Tags: Office Accounting

Accounting Talk » Tax Accounting » Fixed Assets Software

Fixed Assets Software

Question:

COOL! Can you post a listing of the federal depreciation types that your product can handle? MACRS etc. and does it maintain ALT MIN also, federally tax compliant? Thanks Todd

Response:

– Hide quoted text — Show quoted text – Do you have the need for a Windows based Fixed Asset program which incorporates: * Virtually Unlimited Capacity of up to 10,000 Assets * Multiple Asset Books for Numerous Companies * Total Flexibility * Book and Tax (Federal, State, & Local) Basis COOL! Can you post a listing of the federal depreciation types that your product can handle? MACRS etc. and does it maintain ALT MIN also, federally tax compliant? Thanks Todd

Todd, In the Acceleration code one would select MACRS or ACRS, in the Depreciation System Code one would select ADS or GDS and within the Depreciation User code one would "enter" AMT etc. WorthIT can do this but not automatically And Yes, WorthIT is federally tax compliant. If this sounds of interest let me know. Thanks for your inquiry, Bob

Response:

Do you have the need for a Windows based Fixed Asset program which incorporates: * Virtually Unlimited Capacity of up to 10,000 Assets * Multiple Asset Books for Numerous Companies * Total Flexibility * Book and Tax (Federal, State, & Local) Basis * Conversion Capability of Existing Asset Data * Customizable Report Contents and Formats * Export of Data to Excell Spreadsheet Format * Classification of Assets Down to the Cost Center Level * Technical Support * Turn-Key Installations and Training Available * Afforably Priced * 30 Day Unconditional Satisfaction Guarantee For more information, or to receive a free 30 day trial of the product (not a limited demo) write me at: For more information regarding this product please respond to: R. Rothenberg Associates The Fixed Asset People Owned and Operated by a Professional Accountant http://www.angelfire.com/nj/fixedassets/ (un)

Response:

Do you have the need for a Windows based Fixed Asset program which incorporates * Virtually Unlimited Capacity of up to 10,000 Assets * Multiple Asset Books for Numerous Companies * Total Flexibility

I would first check the fixed assets forum and reviews of other software such as Best http://www.electronicaccountant.com/

Response:

Dean, You’re exactly right. Why, on Earth, does someone write software with a limitation of "10,000" or "100,000" or even "1,000,000" assets? When I see software with this type of limitation, I immediately steer my client the other way. And under no circumstances would one of my software companies develop something off a poor design like that. To software developers: WHY DO YOU INSIST ON BUILDING IN LIMITATIONS THAT WILL UNDOUBTEDLY COME BACK AND BITE YOU LATER ON? Answer: Amateur developers. To end users: When you see software that allows "up to ??????" of anything (employees, customers, vendors, assets, etc., ) that ought to clue you that you’re dealing with amateur designers. Caveat Emptor. David Ray CPA – Hide quoted text — Show quoted text – The problem I see here is that Intuite’s Fixed Asset has an unlimited compacity, not 10,000. I would think your FoxPro would be more than that. You would be suprised how many clients I have that would excede the 10,000 mark. Do you have the need for a Windows based Fixed Asset program which incorporates: * Virtually Unlimited Capacity of up to 10,000 Assets * Multiple Asset Books for Numerous Companies * Total Flexibility * Book and Tax (Federal, State, & Local) Basis * Conversion Capability of Existing Asset Data * Customizable Report Contents and Formats * Export of Data to Excell Spreadsheet Format * Classification of Assets Down to the Cost Center Level * Technical Support * Turn-Key Installations and Training Available * Afforably Priced * 30 Day Unconditional Satisfaction Guarantee For more information, or to receive a free 30 day trial of the product (not a limited demo) write me at: Or, if you would prefer to outsource your fixed asset processing, as you may be doing with your payroll, we are pleased to announce the availability of this new service to the manufacturing community. For more information regarding this product please respond to: R. Rothenberg Associates The Fixed Asset People Owned and Operated by a Professional Accountant Bob Rothenberg P.O. Box 202 Hampton, NJ 08827 http://www.angelfire.com/nj/fixedassets/ (un) — Covey Accounting Service, L.L.C. http://www.coveyaccounting.com Your off site CFO for your tax, accounting, Peachtree and other software needs in Indiana. "Peachtree Software, makers of America’s best-selling multiuseraccounting solutions today with more than 5 million businesses strong!" ****Remove NO_SPAM to return a message. We do not condone spamming, we do not support those who do.

Response:

Do you have the need for a Windows based Fixed Asset program which incorporates: * Virtually Unlimited Capacity of up to 10,000 Assets * Multiple Asset Books for Numerous Companies * Total Flexibility * Book and Tax (Federal, State, & Local) Basis * Conversion Capability of Existing Asset Data * Customizable Report Contents and Formats * Export of Data to Excell Spreadsheet Format * Classification of Assets Down to the Cost Center Level * Technical Support * Turn-Key Installations and Training Available * Afforably Priced * 30 Day Unconditional Satisfaction Guarantee For more information, or to receive a free 30 day trial of the product (not a limited demo) write me at: Or, if you would prefer to outsource your fixed asset processing, as you may be doing with your payroll, we are pleased to announce the availability of this new service to the manufacturing community. For more information regarding this product please respond to: R. Rothenberg Associates The Fixed Asset People Owned and Operated by a Professional Accountant Bob Rothenberg P.O. Box 202 Hampton, NJ 08827 http://www.angelfire.com/nj/fixedassets/ (un)

Response:

The problem I see here is that Intuite’s Fixed Asset has an unlimited compacity, not 10,000. I would think your FoxPro would be more than that. You would be suprised how many clients I have that would excede the 10,000 mark. – Hide quoted text — Show quoted text – Do you have the need for a Windows based Fixed Asset program which incorporates: * Virtually Unlimited Capacity of up to 10,000 Assets * Multiple Asset Books for Numerous Companies * Total Flexibility * Book and Tax (Federal, State, & Local) Basis * Conversion Capability of Existing Asset Data * Customizable Report Contents and Formats * Export of Data to Excell Spreadsheet Format * Classification of Assets Down to the Cost Center Level * Technical Support * Turn-Key Installations and Training Available * Afforably Priced * 30 Day Unconditional Satisfaction Guarantee For more information, or to receive a free 30 day trial of the product (not a limited demo) write me at: Or, if you would prefer to outsource your fixed asset processing, as you may be doing with your payroll, we are pleased to announce the availability of this new service to the manufacturing community. For more information regarding this product please respond to: R. Rothenberg Associates The Fixed Asset People Owned and Operated by a Professional Accountant Bob Rothenberg P.O. Box 202 Hampton, NJ 08827 http://www.angelfire.com/nj/fixedassets/ (un)

– Covey Accounting Service, L.L.C. http://www.coveyaccounting.com Your off site CFO for your tax, accounting, Peachtree and other software needs in Indiana. "Peachtree Software, makers of America’s best-selling multiuseraccounting solutions today with more than 5 million businesses strong!" ****Remove NO_SPAM to return a message. We do not condone spamming, we do not support those who do.

Response:

Author: admin on
Category: Tax Accounting
Tags: Tax Accounting

Accounting Talk

I'm such a geek!

Question:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Related Posts

Newbie question: Is a "debit" a decrease or increase to account?

Question:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Related Posts

OT: Praise For The American Soldier

Question:

Response:

Related Posts

WalMart.com Does Lindows

Question:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Response:

Related Posts

EBITDA

Question:

Response:

Response:

Response:

Response:

Response:

Related Posts

Ford V-6 Head Gaskets

Question:

Response:

Response: