Question:

Some accounting advise needed … My wife has become a realtor and I wanted to have her paid through my S-Corp I use for my own computer consulting.  The problem is that the Real Estate Company says that they can only pay to individuals or Professional Corporations in Maryland. Is it then ( alright / good-idea / illegal / stupid ) to have her sign over her commision checks and deposit them into my S-Sorp account and pay her from my company payroll?  Otherwise, I will have to do double the accounting for her as a Sole Proprietor, double expensing, Schedule C, etc. Thanks so much in advance, Jason

Response:

Thank you all so much for your quick and to-the-point advise.  I almost wonder now how I could have been thinking that way at all. I guess the only other option besides Sole Proprietor is the Professional Corp formation for her.  But I am wondering if the Professional Corp would provide realtors with the legal advantage of regular Corps – a personal sheild from professional lawsuits?  It is probably not common in the residential real estate agent business, but I am just wondering outloud.  Does anyone have any advise pro or con on a realtor forming their own 1-person Professional Corp, which is then directly attached to the Real Estate Broker company? Thanks again, Jason – Hide quoted text — Show quoted text – It’s really going to be simpler in both the long and short run for her to keep her work income and expenses separately.  Get her a business checking account and put all her income and expenses through it.  You can keep realtor’s records in a simple program like Quicken (they even have the business categories in the program already).  She/you can enter cash account items also.  Then, at year’s end, you just pull a category summary report, and it will be everything you need except for mileage. I’ve set up bookkeeping systems for all sorts of small businesses.  The biggest hitch folks tend to get into is either not tracking anything _or_ making a big complicated job unnecessarily.  This one is simple.  She’ll get commission checks.  She’ll have expenses like advertising, phone calls, business cards, office supplies, gasoline.  If she buys a computer, she can Section 179 depreciate most of the cost in one year.  A subscription to an MLS service is just another expense.  Quicken or it’s like is plenty for this.  Adding her monies in to your business, even _if_ it’s legal, will make a nasty quagmire that you’ll spend hours sorting out later on. Catherine Grant Some accounting advise needed … My wife has become a realtor and I wanted to have her paid through my S-Corp I use for my own computer consulting.  The problem is that the Real Estate Company says that they can only pay to individuals or Professional Corporations in Maryland. Is it then ( alright / good-idea / illegal / stupid ) to have her sign over her commision checks and deposit them into my S-Sorp account and pay her from my company payroll?  Otherwise, I will have to do double the accounting for her as a Sole Proprietor, double expensing, Schedule C, etc. Thanks so much in advance, Jason

Response:

While your idea may seem sound to you I’m sure most participants in this forum including myself find it to be a bad idea.  What you will be doing is making a simple problem into a complex one. The general rule is to keep things a simple as possible. Your Business and your wife’s should be kept separate. By the way, I’m not familiar with Maryland employment taxes, but if it has unemployment taxes wouldn’t your wife become subject to them as an employee as she would FUTA?

– Hide quoted text — Show quoted text – Some accounting advise needed … My wife has become a realtor and I wanted to have her paid through my S-Corp I use for my own computer consulting.  The problem is that the Real Estate Company says that they can only pay to individuals or Professional Corporations in Maryland. Is it then ( alright / good-idea / illegal / stupid ) to have her sign over her commision checks and deposit them into my S-Sorp account and pay her from my company payroll?  Otherwise, I will have to do double the accounting for her as a Sole Proprietor, double expensing, Schedule C, etc. Thanks so much in advance, Jason

Response:

It’s really going to be simpler in both the long and short run for her to keep her work income and expenses separately.  Get her a business checking account and put all her income and expenses through it.  You can keep realtor’s records in a simple program like Quicken (they even have the business categories in the program already).  She/you can enter cash account items also.  Then, at year’s end, you just pull a category summary report, and it will be everything you need except for mileage. I’ve set up bookkeeping systems for all sorts of small businesses.  The biggest hitch folks tend to get into is either not tracking anything _or_ making a big complicated job unnecessarily.  This one is simple.  She’ll get commission checks.  She’ll have expenses like advertising, phone calls, business cards, office supplies, gasoline.  If she buys a computer, she can Section 179 depreciate most of the cost in one year.  A subscription to an MLS service is just another expense.  Quicken or it’s like is plenty for this.  Adding her monies in to your business, even _if_ it’s legal, will make a nasty quagmire that you’ll spend hours sorting out later on. Catherine Grant – Hide quoted text — Show quoted text – Some accounting advise needed … My wife has become a realtor and I wanted to have her paid through my S-Corp I use for my own computer consulting.  The problem is that the Real Estate Company says that they can only pay to individuals or Professional Corporations in Maryland. Is it then ( alright / good-idea / illegal / stupid ) to have her sign over her commision checks and deposit them into my S-Sorp account and pay her from my company payroll?  Otherwise, I will have to do double the accounting for her as a Sole Proprietor, double expensing, Schedule C, etc. Thanks so much in advance, Jason

Response:

My wife has become a realtor and I wanted to have her paid through my S-Corp I use for my own computer consulting.  The problem is that the Real Estate Company says that they can only pay to individuals or Professional Corporations in Maryland. Is it then ( alright / good-idea / illegal / stupid ) to have her sign over her commision checks and deposit them into my S-Sorp account and pay her from my company payroll?  Otherwise, I will have to do double the accounting for her as a Sole Proprietor, double expensing, Schedule C, etc.

It’s possible, under Maryland law, that a realtor has to work for a licensed real estate company, or be their own separate company.  IE: the real estate company can’t pay sales commissions to your company, because your company isn’t licensed to sell real estate. There may also be other regulatory, legal and or tax reasons to keep her business separate from yours. — Paul A. Thomas, CPA Athens,  Georgia

Response:

Some accounting advise needed … My wife has become a realtor and I wanted to have her paid through my S-Corp I use for my own computer consulting.  The problem is that the Real Estate Company says that they can only pay to individuals or Professional Corporations in Maryland. Is it then ( alright / good-idea / illegal / stupid ) to have her sign over her commision checks and deposit them into my S-Sorp account and pay her from my company payroll?  Otherwise, I will have to do double the accounting for her as a Sole Proprietor, double expensing, Schedule C, etc. Thanks so much in advance, Jason

I think you’re going to make it more complicated that way – the Realty company will issue a 1099 to her, under her SS # and you’ll wind up trying to explain why the 1099 isn’t her income, and why she hasn’t been paid twice for the same service.  You’ll have issues with respect to SE tax, as well as potential issues with respect to the deductibility of her expenses on the S corp books (i.e. mileage, etc.) Easiest way would probably be to set up a sepaate bank account for all her income and expenses, and pull the tax return info from there.  You could even do thies with a quicken or MS Money account. Bill

Response:

Question:

Really? Thought that I owned you the ‘courtesy’ as a response – no others are reading your mail..

– Hide quoted text — Show quoted text – The following equation illustrates the way to know cost of goods sold in the double entry system Sales-(beginning stock with cost+purchases-ending stock with cost=cost of goods sold). In this case we get cost of goods sold as a total of all the organization’s units and it is represented in a form of arithmetic complement not in a form of figures.This complement could be exposed to errors and variances in any particular of the previous equation, besides how could we add purchasing of variable units to selling of other variable units and say that profit is a certain amount.In this case drawing a comparison to know gross profit is not correct from the arithmetical and logical aspects as how come we purchase apples and sell oranges then say we realized profit from purchasing apples and selling oranges.This is not logical as profit represents the contribution of each particular of the particulars of the organization’s assets.Gross profit must be taken from each commodity that the organization deals with,as the main objective of stock is to define the actual cost of each unit or commodity for the purpose of identifying the amount of gross profit it makes for the organization.Stock could be transferred to cash in the future under ordinary circumstances,which increase the cash inflows within the organization,which indicates the importance of the commodity stock.In commodity stock the measurement basis is the fixed,specified,measured unit not value that is the outcome of unit multiplied by its price.Ending and beginning inventories are not extracted from the actual inventory but from the theory’s mechanism as the theory provides units of ending and beginning inventories besides their prices and values and accumulations of units and values.Therefore,the errors in evaluating goods in the double entry system which affect profit directly,for example during taking stock of ending inventory some purchases are not listed during the year but in the following year which make the profit of this year increase by the amount of value of these goods and correspondingly profit decrease in the following year by the same value where profit would be posted from a year to another.These errors whether they are intended or not appear a lot at the end of the year especially during practical applications in the double entry system.As for the theory of units there are no such mistakes as the basis of measurement is unit and the resources of assets,which verify them.These resources could be the cash or the bank or recorded receivables so units and assets in these resources must equal actual assets and units at the end of the measured period except units that were sold.Depending on the cash resources (treasury or the bank) to verify assets prevent mistakes which some inventory committees might make.For example,if there is consignment within goods and inventory committee listed it within inventory statements the theory of units system is able to exclude it,as consignment does not have a recording resource in the organization accounts that affect money in the cash or the bank or receivables.Consignment is listed in separate systematic accounts that show the details of these goods.Further,mistakes of inventory committees such as taking stock of goods which are not recorded as purchases and recorded in the forthcoming year or goods recorded as purchases but not listed in inventory statements or purchased goods that are not recorded as purchases or ending inventory.These common mistakes in the double entry system cannot occur in the theory of units as their resources in terms of values and quantities verify assets in terms of quantities and values.For example,goods in stock are either purchased from the organization’s treasury or by a check from the bank or by an accounting entry that shows these goods in receivables accounts.All these resources in terms of units and values have to be verified by the organization’s assets and liabilities.For example,the cash,bank and receivables verify units added to assets listed in the budget including beginning inventory besides the cash,bank and receivables verify units deducted from accounts balances of these assets and beginning inventory.Moreover,if measures of beginning inventory are accumulated whether they are added or subtracted in terms of units and values they have to balance the accumulated measures of the same inventory in the cash,bank and receivables at the end of the measured period.This balance assures the correctness of ending inventory and the organization’s ownership of these goods as they represent assets that the organization paid for or promised to pay for in return for receiving them during the accounting period.Unlike the double entry system in the theory of units there are verification figures that confirm the correctness of numbers of quantities of different articles in the commodity stock.The identification of the article’s card with the stock registers and the actual stock is not a proof on the correctness the articles balances but the identification of actual balances with the main resources of the article confirm the correctness of that balance.Methods of allocating cost in the double entry system (first in,first out and last in,first out) are not consistent with the logic of the unit in allocating costs.The units measurement is fixed and it is not affected by using any method of allocating costs methods.Price and cost vary while unit is fixed.The methods of allocating costs would be useless if each unit with its price is distinguished.In other words each unit is associated with its price so during depreciating this unit in production or selling it is evaluated by its price.If unit is not associated with a price the first in,first out policy would the most appropriate policy to be used in the theory of units as using this policy realize the highest profits of each unit outgoing from the organization to others (sold) because units, prices are in a continuous rising.Further,this policy is distinguished for its historical sequence In addition to that in the budget the values of ending inventory are listed at the latest prices as goods are depreciated according to the precedence of their incoming to the organization so units incoming last remain.In that diagram profit of one unit after applying the first in,first out policy in February is (50 – 20) = $(30) While the profit of a unit after applying the last in,first out policy is (50 – 30) = $(20) Finally, from the previous point the following notes are concluded : 1.Unit is the basis of determining gross profit.Comparing the cost of acquiring the unit to the outcome of its outgoing to others determine gross profit. 2.All the assets in the organization contribute in the gross profit,so it is not possible to accumulate or limit it in a certain account. 3.Indirect costs on the unit could be discounted from the total gross profit of all units that realized profit as these costs are related to the organization as a whole. 4.It is recommended to use the first in,first out policy, as it is objective and based on reality. 5.If the organization uses the staging system in production gross profit must be calculated in case of delivering the product to others and receiving its price. 6.The measurement basis is unit not value 7.Unit is verified by comparing it to its resources not by the identification of its book balances to actual inventory. Theory of units verifies the ownership of commodities in stores by balancing them with their resources in terms of quantities and values.The existence of goods in stores is not a proof of owning them,besides,the identification of the article’s card with stores registers and actual inventory is not a proof on the correctness of this balance.The real proof on the ownership of these goods is represented in comparing the balances of these units to their resources.If recorded quantities of resources balanced with quantities of these units with considering deducting units this would be the real proof that the organization owns these units.So the existence of goods in stores does not prove their ownership unless they are balanced with their resources in terms of values and quantities.Sometimes goods are purchased during the measured period (usually a year) and they are not replaced in stores so they are listed after measuring and classifying them as intangible units incoming to the organization after deducting their units from the organization’s bank or cash or recording them in receivables.In case of the incoming of goods to the organization they are added as tangible measured units in the organization’s stores and they are deducted from intangible units,which were added before and paid for.Also this is applied in case of paying for goods that are not replaced in the organization’s stores for any reason with considering excluding the organization’s assets from its stores even if they were listed in these stores as assets have a special nature and they are not considered of the organization’s stock.During the verification or comparison between the actual units and the resources of acquiring them the increases in units,which are not owned by the organization,are excluded,such as goods that are sold to customers on bills but they are not actually delivered to them or consignment and others.All units whether they are less or more than their resources in the cash,bank or receivables can be easily

… read more »

Response:

The following equation illustrates the way to know cost of goods sold in the double entry system Sales-(beginning stock with cost+purchases-ending stock with cost=cost of goods sold). In this case we get cost of goods sold as a total of all the organization’s units and it is represented in a form of arithmetic complement not in a form of figures.This complement could be exposed to errors and variances in any particular of the previous equation, besides how could we add purchasing of variable units to selling of other variable units and say that profit is a certain amount.In this case drawing a comparison to know gross profit is not correct from the arithmetical and logical aspects as how come we purchase apples and sell oranges then say we realized profit from purchasing apples and selling oranges.This is not logical as profit represents the contribution of each particular of the particulars of the organization’s assets.Gross profit must be taken from each commodity that the organization deals with,as the main objective of stock is to define the actual cost of each unit or commodity for the purpose of identifying the amount of gross profit it makes for the organization.Stock could be transferred to cash in the future under ordinary circumstances,which increase the cash inflows within the organization,which indicates the importance of the commodity stock.In commodity stock the measurement basis is the fixed,specified,measured unit not value that is the outcome of unit multiplied by its price.Ending and beginning inventories are not extracted from the actual inventory but from the theory’s mechanism as the theory provides units of ending and beginning inventories besides their prices and values and accumulations of units and values.Therefore,the errors in evaluating goods in the double entry system which affect profit directly,for example during taking stock of ending inventory some purchases are not listed during the year but in the following year which make the profit of this year increase by the amount of value of these goods and correspondingly profit decrease in the following year by the same value where profit would be posted from a year to another.These errors whether they are intended or not appear a lot at the end of the year especially during practical applications in the double entry system.As for the theory of units there are no such mistakes as the basis of measurement is unit and the resources of assets,which verify them.These resources could be the cash or the bank or recorded receivables so units and assets in these resources must equal actual assets and units at the end of the measured period except units that were sold.Depending on the cash resources (treasury or the bank) to verify assets prevent mistakes which some inventory committees might make.For example,if there is consignment within goods and inventory committee listed it within inventory statements the theory of units system is able to exclude it,as consignment does not have a recording resource in the organization accounts that affect money in the cash or the bank or receivables.Consignment is listed in separate systematic accounts that show the details of these goods.Further,mistakes of inventory committees such as taking stock of goods which are not recorded as purchases and recorded in the forthcoming year or goods recorded as purchases but not listed in inventory statements or purchased goods that are not recorded as purchases or ending inventory.These common mistakes in the double entry system cannot occur in the theory of units as their resources in terms of values and quantities verify assets in terms of quantities and values.For example,goods in stock are either purchased from the organization’s treasury or by a check from the bank or by an accounting entry that shows these goods in receivables accounts.All these resources in terms of units and values have to be verified by the organization’s assets and liabilities.For example,the cash,bank and receivables verify units added to assets listed in the budget including beginning inventory besides the cash,bank and receivables verify units deducted from accounts balances of these assets and beginning inventory.Moreover,if measures of beginning inventory are accumulated whether they are added or subtracted in terms of units and values they have to balance the accumulated measures of the same inventory in the cash,bank and receivables at the end of the measured period.This balance assures the correctness of ending inventory and the organization’s ownership of these goods as they represent assets that the organization paid for or promised to pay for in return for receiving them during the accounting period.Unlike the double entry system in the theory of units there are verification figures that confirm the correctness of numbers of quantities of different articles in the commodity stock.The identification of the article’s card with the stock registers and the actual stock is not a proof on the correctness the articles balances but the identification of actual balances with the main resources of the article confirm the correctness of that balance.Methods of allocating cost in the double entry system (first in,first out and last in,first out) are not consistent with the logic of the unit in allocating costs.The units measurement is fixed and it is not affected by using any method of allocating costs methods.Price and cost vary while unit is fixed.The methods of allocating costs would be useless if each unit with its price is distinguished.In other words each unit is associated with its price so during depreciating this unit in production or selling it is evaluated by its price.If unit is not associated with a price the first in,first out policy would the most appropriate policy to be used in the theory of units as using this policy realize the highest profits of each unit outgoing from the organization to others (sold) because units, prices are in a continuous rising.Further,this policy is distinguished for its historical sequence In addition to that in the budget the values of ending inventory are listed at the latest prices as goods are depreciated according to the precedence of their incoming to the organization so units incoming last remain.In that diagram profit of one unit after applying the first in,first out policy in February is (50 – 20) = $(30) While the profit of a unit after applying the last in,first out policy is (50 – 30) = $(20) Finally, from the previous point the following notes are concluded : 1.Unit is the basis of determining gross profit.Comparing the cost of acquiring the unit to the outcome of its outgoing to others determine gross profit. 2.All the assets in the organization contribute in the gross profit,so it is not possible to accumulate or limit it in a certain account. 3.Indirect costs on the unit could be discounted from the total gross profit of all units that realized profit as these costs are related to the organization as a whole. 4.It is recommended to use the first in,first out policy, as it is objective and based on reality. 5.If the organization uses the staging system in production gross profit must be calculated in case of delivering the product to others and receiving its price. 6.The measurement basis is unit not value 7.Unit is verified by comparing it to its resources not by the identification of its book balances to actual inventory. Theory of units verifies the ownership of commodities in stores by balancing them with their resources in terms of quantities and values.The existence of goods in stores is not a proof of owning them,besides,the identification of the article’s card with stores registers and actual inventory is not a proof on the correctness of this balance.The real proof on the ownership of these goods is represented in comparing the balances of these units to their resources.If recorded quantities of resources balanced with quantities of these units with considering deducting units this would be the real proof that the organization owns these units.So the existence of goods in stores does not prove their ownership unless they are balanced with their resources in terms of values and quantities.Sometimes goods are purchased during the measured period (usually a year) and they are not replaced in stores so they are listed after measuring and classifying them as intangible units incoming to the organization after deducting their units from the organization’s bank or cash or recording them in receivables.In case of the incoming of goods to the organization they are added as tangible measured units in the organization’s stores and they are deducted from intangible units,which were added before and paid for.Also this is applied in case of paying for goods that are not replaced in the organization’s stores for any reason with considering excluding the organization’s assets from its stores even if they were listed in these stores as assets have a special nature and they are not considered of the organization’s stock.During the verification or comparison between the actual units and the resources of acquiring them the increases in units,which are not owned by the organization,are excluded,such as goods that are sold to customers on bills but they are not actually delivered to them or consignment and others.All units whether they are less or more than their resources in the cash,bank or receivables can be easily shown and reconciled to be treated by the theory of units.Verifying any article could be at any time beside the balance of actual units in stock and resources of acquiring them achieve self-control on these units.In the theory of units commodity stock is evaluated on the basis of values that are associated with units,e.g. price of each unit. This evaluation is historical recording but it is not the measurement basis.The basis of measurement is the classified,measured unit while price and value are only historical record … read more »

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Question:

I have started a bookkeeping service.  I am looking for advice. Has anyone else experience this problem?  How to market yourself to businesses effectively?  Any suggestions?

Response:

I have started a bookkeeping service.  I am looking for advice. Has anyone else experience this problem?  How to market yourself to businesses effectively?  Any suggestions?

Talk to the accountants and bankers in your area for starters. Then join the local chamber of commerce. Also, run small ads in your local paper. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

Response:

I have started a bookkeeping service.  I am looking for advice. Has anyone else experience this problem?  How to market yourself to businesses effectively?  Any suggestions? Talk to the accountants and bankers in your area for starters. Then join the local chamber of commerce. Also, run small ads in your local paper.

You may also want to meet with the business editor of the local paper about writing articles about accounting (for business), tax (if you provide that service also, for business and individual), and anything else that ‘fits’ the services you offer.  Don’t write the articles from a "come see me" perspective, but more of an educational and informative one.  It won’t take long before everyone knows your name and looks toward you as an authority on those subjects. There are two (probably more) companies that provide marketing materials for accountants and tax preparers.  Mostad & Christensen (www.mostad.com) and Image One (www.800imageone.com).  Both should have lots of stuff for print ads, speeches, and a variety of mailer items (post cards and newsletters).  I buy from them both and am very satisfied with the quality and service. — Paul A. Thomas, CPA Athens,  Georgia http://www.pat-cpa.com

Response:

I have started a bookkeeping service.  I am looking for advice. Has anyone else experience this problem?  How to market yourself to businesses effectively?  Any suggestions?

In my view it is critically important to be nearby the client location.  Accordingly I walk the nearby business districts and try to meet each company personally. Hand out a brief brochure, and maybe a gift.  They love it. Then, without fail, try to find the SOHOs in your area; they are great little clients.  At least, that was my experience since my services included supporting their PCs and software and internet as well as accounting. TOdd www.gldialtone.com

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I do make contact with nearby businesses.  I find it difficult to know how much time to devote to marketing.  How often do you visit businesses.  Are you successful in finding enough clients?

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Question:

Peachtree has independent regional authorized support centers which have to go through some sort of training/certification program. QB does not have this. – Hide quoted text — Show quoted text – I have been told that there is no PRODUCT EXPERTISE CERTIFICATION that is provided by the manufacturers of QuickBooks Pro or Peachtree Complete. However, I have been told that there was a CERTIFIED RESELLER CERTIFICATION provided by the manufacturers of QuickBooks Pro or Peachtree Complete. I was told that some independent school or organization might advertise a QuickBooks Pro or Peachtree Complete PRODUCT EXPERTISE CERTIFICATION or grant a person a certificate saying they completed some course.  But, such certifications are not authorized by the manufacturers. Is my information correct?

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Does Peachtree have a list of those authorized support centers or where can I get such a list? – Hide quoted text — Show quoted text – Peachtree has independent regional authorized support centers which have to go through some sort of training/certification program. QB does not have this.

Response:

Intuit will be starting a certification program shortly.

– Hide quoted text — Show quoted text – I have been told that there is no PRODUCT EXPERTISE CERTIFICATION that is provided by the manufacturers of QuickBooks Pro or Peachtree Complete. However, I have been told that there was a CERTIFIED RESELLER CERTIFICATION provided by the manufacturers of QuickBooks Pro or Peachtree Complete. I was told that some independent school or organization might advertise a QuickBooks Pro or Peachtree Complete PRODUCT EXPERTISE CERTIFICATION or grant a person a certificate saying they completed some course.  But, such certifications are not authorized by the manufacturers. Is my information correct?

Response:

I have been told that there is no PRODUCT EXPERTISE CERTIFICATION that is provided by the manufacturers of QuickBooks Pro or Peachtree Complete. However, I have been told that there was a CERTIFIED RESELLER CERTIFICATION provided by the manufacturers of QuickBooks Pro or Peachtree Complete. I was told that some independent school or organization might advertise a QuickBooks Pro or Peachtree Complete PRODUCT EXPERTISE CERTIFICATION or grant a person a certificate saying they completed some course.  But, such certifications are not authorized by the manufacturers. Is my information correct?

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Question:

Todd, This is brilliant; absolutely brilliant. In my opinion, the economies of an electronic infastructure will evetually prove overwhelming, and we WILL pay a huge price in terms of privacy.  That has certainly been the trend over my lifetime. On the other hand – maybe not.  The underground economy (including the illegal drug economy) is still with us in a big way. We do "live in interesting times". Jim Hudspeth, CPA – Hide quoted text — Show quoted text – The problem is that any transaction infrastructure that provides meaningful improvements in automating transactions, provides an ideal audit trail for revenue collection and lawyers in civil cases, in the process, and there is NOTHING that individuals or small businesses can do to control that data. Think about this.  What people really need is obviously,  - to be able to send an invoice electronically.  - to be able to execute a payment electronically.  - to receive invoices electronically. Drag and drop them onto       the "PAY" icon or the "HOLD" icon…  - to post an order for goods or services electronically.  - to automatically reconcile their accounts payable and       receivable with the corresponding external entity, most        notably their checking account and accounts payable. None of this will happen in our lifetimes if it provides a whole new roadmap for the government, into peoples finances especially if there is no way to edit or correct the data.

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Lets face it… the whole networked accounting infrastructure has been stalled for at least a generation over the problem that it would provide a roadmap for governments into commercial data that they have never had before. Following is a proposal which enables the long-suffering small business sector of the US to move forward into networked accounting without having to pay this social cost as a byproduct of merely establishing a more rational computing architecture. The problem is that any transaction infrastructure that provides meaningful improvements in automating transactions, provides an ideal audit trail for revenue collection and lawyers in civil cases, in the process, and there is NOTHING that individuals or small businesses can do to control that data. Think about this.  What people really need is obviously,  - to be able to send an invoice electronically.  - to be able to execute a payment electronically.  - to receive invoices electronically. Drag and drop them onto       the "PAY" icon or the "HOLD" icon…  - to post an order for goods or services electronically.  - to automatically reconcile their accounts payable and       receivable with the corresponding external entity, most        notably their checking account and accounts payable. None of this will happen in our lifetimes if it provides a whole new roadmap for the government, into peoples finances especially if there is no way to edit or correct the data. I propose that to remedy this problem, the networked transaction infrastructures that are being designed by banks and software companies should include an additional layer where individuals or professional advisors could post adjustments to the data after the fact.  Individuals can, today, Edit the Quickbooks file.  There is nothing wrong or illegal with that. Federal Law should similarly require that Individuals are entitled to Add, Edit, or Delete their records in any trail of transactions written into any commercially offered, public transactions infrastructure such as a bank. The people who Edit their C:drives or want to cheat on their taxes would be able to cheat just like they did before, and the few CPAs who schmooze the numbers today, likewise, should be able to login and schmooze them to the extent of their powers of attorney.   Perhaps the law should require that both parties to the revision of entries must agree. In other words, vanishing income would be somebody else’s vanishing deduction.   (I’ve been told that the total deductions on tax returns in America today is already three times the total income, but who knows… maybe all those deductions were costs of overseas purchases… ;- But I’m totally serious. Surgeons make much more important judgments every day than CPAs, without having to refer to a ridiculous piece of crap like the Internal Revenue Code for guidance.  If they can make decisions to take out your kidney or turnoff the life support, why shouldn’t CPAs be allowed to edit the general ledger on the webserver just like we did on Drive C:?    Lawyers also make professional judgments that are far more powerful and binding than CPAs.  They write the laws, fer chrissakes.  And the laws are written in marathon 1000-word sentences studded with latin phrases and secret codewords, making it impossible for people to read.  CPAs don’t do that.  Does that mean we shouldn’t have any power to correct errors in the GL? I’m totally serious. I am not proposing that networked transaction infrastructures be radically private, or protected by unprecedented new laws enabling people to cheat on their taxes. This is one way to remove the roadblocks that are preventing small business from moving forward, and building a networked accounting infrastructure. Basically I am proposing that the IRS and their opponents, the radical privacy zealots and tax cheaters should find some other place to fight it out, other processes to screw up, and get out of our space. * Todd F. Boyle CPA    http://www.rosehill.net/EcommAcctg.htm * 9745-128th Av NE, Kirkland WA 98033       (425) 827-3107

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Question:

Yes … its : http://www.dbasoftware.com/ – Hide quoted text — Show quoted text – I’ve not heard of this firm / product.  Do you have a web site to rever to? I’d like to include them on our site at http://www.cpaonline.com  We’re compiling as complete of a list as possible of all accounting / business management software with searchable descriptions and other details. Thanks in advance. Mike Budiac Could anybody share any opinion or experiences in the software DBA Accounting? We are seriously considering DBA Accounting and would appreciate any comments, DO’s and DON’Ts. Are there any users of third-pary add-on products for DBA Accounting? Thanks for your help. Gene De Guzman

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I’ve not heard of this firm / product.  Do you have a web site to rever to? I’d like to include them on our site at http://www.cpaonline.com  We’re compiling as complete of a list as possible of all accounting / business management software with searchable descriptions and other details. Thanks in advance. Mike Budiac – Hide quoted text — Show quoted text – Could anybody share any opinion or experiences in the software DBA Accounting? We are seriously considering DBA Accounting and would appreciate any comments, DO’s and DON’Ts. Are there any users of third-pary add-on products for DBA Accounting? Thanks for your help. Gene De Guzman

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Could anybody share any opinion or experiences in the software DBA Accounting? We are seriously considering DBA Accounting and would appreciate any comments, DO’s and DON’Ts. Are there any users of third-pary add-on products for DBA Accounting? Thanks for your help. Gene De Guzman

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Question:

I think there is great potential in having an authorized group of moderators who kill posts after the fact.  At present many news hosts do not apply the kills requested thru the news hierarchy, but when they do, a lot of bad stuff is deleted.  Its not 100% coverage but users don’t suffer the delays which exist in pure moderated newsgroups.

The problem with after the fact kills (and why many news host ignore them) is that forgeries are a real problem. Some people like to intentionally disrupt things, and cancels have been one way of doing that. Also, those who do have "fast" newsfeeds and follow the group regularly (the active posters that keep a group running) will be stuck with the "unfiltered" mess, even if their newsfeed accepts these cancels.  That’s because they are likely to read a group *before* the editors cancel the appropriate posts. I subscribe to a filtered newsfeed (along with a "raw" one from my ISP) partially to reduce the noise level I have to work through on unmoderated groups. COOL!  Does it cost very much?

About $70 a year for a full newsfeed, less for a more restricted list of groups.  It’s not perfect (obviously it’s an automated system), but since I can always resort to a "raw" feed from another source, I figure I will be able to keep track of what’s going on. Ed Zollars, CPA (AZ) http://www.getnet.com/~hmtzcpas

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This is an Accounting group, not a place for some foul mouthed degraded people to vent their spleens against – Clinton at the moment – and anything else that comes up that gives them an excuse. [...]  The alternative to this is a moderated group of some sort–but that comes with a cost in moderator time (somebody does have to do the job, even if it’s just trying to keep a robomoderation tool running) and slower posting propagation. Like it or not, I think that absent a moderated group, filtering is really your best solution.  

I think there is great potential in having an authorized group of moderators who kill posts after the fact.  At present many news hosts do not apply the kills requested thru the news hierarchy, but when they do, a lot of bad stuff is deleted.  Its not 100% coverage but users don’t suffer the delays which exist in pure moderated newsgroups. I subscribe to a filtered newsfeed (along with a "raw" one from my ISP) partially to reduce the noise level I have to work through on unmoderated groups.

COOL!  Does it cost very much? Todd

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I’ve got to create a business from scratch as a project for my accounting class. I could really use any available assistance. If you’re willing to help, please post a reply to this message. Thanks , Andr

Question:

One reason a man would want to minimize his payments is because no accounting of how the money is spent is required. A lot of child support goes to buy houses in which the child has no ownership interest  and new cars for Mommy and her new hubby.If you pay the minimum support you can then spend the money directly on the kids. Trickle down child support is very inefficient. For information about how to minimize support legally check out http//www.fathers-rights.com     Mothers..If you want more support try giving more visitation and involvement, it will pay dividends.

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Someone wrote. . . Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments.

. . .now let me see. . . write for FREE information about how to get information (NOT FREE) on cheating your own kids. Did I get it right?    / __  / /_  ___ _      __ ____ _  ___  ____   / /  / / / __ / _ | /| / // __ ` / / __ /  __  / / /_/ / / /_/ /  __/ |/ |/ //  /_// / / /   /  / /  /

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Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments. And why, pray tell, Calvin, would a self-respecting parent wish to avail themselves of "legal" techniques to avoid their responsiblity to their children?

test results I have been waiting for my results for 4 months  or you get some incompetent asshole who can’t do his or her own job. I know I am getting it up the ass and get this. my name ain’t even on the birth certifacte how’s this for an answer????

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Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments. This is a "must-read" report that can save you time and money.

Maybe the non-custodial parents should have read the directions on the condom package before they created their kids. That would have saved time and money too. peace. . .adrienne — adrienne fetrow                           "The groove is crucial."

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Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments.

And why, pray tell, Calvin, would a self-respecting parent wish to avail themselves of "legal" techniques to avoid their responsiblity to their children?

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Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments.    "Deadbeat-Dads-R-Us"?

Or deadbeat moms. Why bicker over gender? Mom or dad, you don’t pony up to your responsibility you suck swamp gas through a straw. — Nathan Engle               Shop Steward               Electron Juggler’s Guild, Local #1 "Some Assembly Required"

Byte me. GARRYOWEN!

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Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments. And why, pray tell, Calvin, would a self-respecting parent wish to avail themselves of "legal" techniques to avoid their responsiblity to their children?

Because some people are assholes, my freind. Byte me. GARRYOWEN!

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Go 7th!  Watch out for indians!!

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Keywords: Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments. This is a "must-read" report that can save you time and money.

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Write for free information on how to receive legal methods that non-custodial parents are avoiding paying child support payments.

    "Deadbeat-Dads-R-Us"? — Nathan Engle               Shop Steward               Electron Juggler’s Guild, Local #1 "Some Assembly Required"

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I agree totally, When some dad, can not pay his spouse, money to help her raise the children, What a F**king lame ass SOB. I will try to refrain from cussing, but that kind of shit pisses me off! These men think that by paying there wives this money, the wife is gonna run around town whoring around, and taking luxury cruise lines.. when in all honestly, most do not have the time for it, I know my fiancee did not have the time and sometimes still does not have the time to do all those things with me, which is fine. Like her ex refuses to pay child support sometimes, figuring that the money is going to me or something ( can someone say LOSER). Not to mention he haggled his way to lower his child support, and now he is trying to haggle even more of his child support payments!! God o mighty, there is only so much one women can do with kids, and these dead beat dads don’t pay a dime to them to help them raise not "her" kids, but "there" kids, because that is what they are, they are him and her’s kids, not just one parent, just because you get a divorce does not mean that you can wipe your hands clean of your children or of there finaces that it cost to raise them. I mean the mom gets to buy all there school stuff and cloths, while the dad gets away blind by not helping to pay for none of that, and instead runs up the country side to go camping with his new Whore of a girlfriend, and even though he takes the kids, he does not give them spending money, so the ex wife has to dig into her money and give it to them, those kind of dads i want to take a Towel with a 8-ball in it and whack them upside there heads and knock some sense into them and maybe Say to them " If you can not take care of your children , then don’t do anything at all with them, because you sure as shit did not earn to talk to them" and walk away. If anyone on this board is someone who does not want to pay child support to help raise there kids, I pity you, because it will all reflect on you later, when your children find out about it, or they may know already, and later on, when they can better understand what you are or were doing, you will understand why they will not want to help you or talk to you. because you need to remember, ( jokingly) that those kids will be picking your nursing home when you get older, I wonder what they do to you, or what kinda home they will place you in. Nick

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Question:

These are the top 5 accounting packages that we’ve seen clients using on the higher end.   Typically higher end means the software processes a greater number of transactions without slowing down and offers a greater number of features such as enhanced inventory and order entry. In no particular order – and with comments attached – these are the top 5 that we’ve encountered: ACCPAC – Older system. Best feature seems to be that it has lots of users. http://www.accpac.com Macola – A favorite of companies looking for canned manufacturing software. A little more difficult to use if you aren’t primarily looking to use the manufacturing modules. http://www.macola.com Great Plains – Perennial top choice for their excellent technical support.  Their Dynamics program is very flexible but may still have some stability concerns.  Success with this program seems very dependent on the reseller doing the installation. http://www.gps.com Solomon – A favorite for those looking to customize. Similar stability issues as Great Plains due to the fact that it was rewritten from the ground up. Market for this software tends to be larger companies with adequate budget to getting it up and going.  http://www.solomon.com MAS 90 – Over 90,000 users nationwide.  They didn’t rewrite from the ground up for their windows product and that allowed for a more feature rich and stable product. We have latest info on our site at http://www.s-consult.com or you can surf on over to the official MAS 90 site at http://www.sota.com Schulz Consulting http://www.s-consult.com MAS 90 accounting software consultants since 1986 860-295-9271 Keywords: MAS90 , Connecticut, CT, Accounting, Support

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Just FYI: Accpac is not an older system, it’s pretty much current in all aspects of the accounting software development, including Windows versions of the product, Web integration, etc.  And usually lots of users do not appear overnight for no reason: there must be some other "best feature", don’t  you think . Regards, Serguei Popovski – Hide quoted text — Show quoted text – These are the top 5 accounting packages that we’ve seen clients using on the higher end. Typically higher end means the software processes a greater number of transactions without slowing down and offers a greater number of features such as enhanced inventory and order entry. In no particular order – and with comments attached – these are the top 5 that we’ve encountered: ACCPAC – Older system. Best feature seems to be that it has lots of users. http://www.accpac.com Macola – A favorite of companies looking for canned manufacturing software. A little more difficult to use if you aren’t primarily looking to use the manufacturing modules. http://www.macola.com Great Plains – Perennial top choice for their excellent technical support.  Their Dynamics program is very flexible but may still have some stability concerns.  Success with this program seems very dependent on the reseller doing the installation. http://www.gps.com Solomon – A favorite for those looking to customize. Similar stability issues as Great Plains due to the fact that it was rewritten from the ground up. Market for this software tends to be larger companies with adequate budget to getting it up and going.  http://www.solomon.com MAS 90 – Over 90,000 users nationwide.  They didn’t rewrite from the ground up for their windows product and that allowed for a more feature rich and stable product. We have latest info on our site at http://www.s-consult.com or you can surf on over to the official MAS 90 site at http://www.sota.com Schulz Consulting http://www.s-consult.com MAS 90 accounting software consultants since 1986 860-295-9271 Keywords: MAS90 , Connecticut, CT, Accounting, Support

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Do any of these have greater strengths for Wholesale Distribution companies? says… – Hide quoted text — Show quoted text – In no particular order – and with comments attached – these are the top 5 that we’ve encountered: ACCPAC – Older system. Best feature seems to be that it has lots of users. http://www.accpac.com Macola – A favorite of companies looking for canned manufacturing software. A little more difficult to use if you aren’t primarily looking to use the manufacturing modules. http://www.macola.com Great Plains – Perennial top choice for their excellent technical support.  Their Dynamics program is very flexible but may still have some stability concerns.  Success with this program seems very dependent on the reseller doing the installation. http://www.gps.com Solomon – A favorite for those looking to customize. Similar stability issues as Great Plains due to the fact that it was rewritten from the ground up. Market for this software tends to be larger companies with adequate budget to getting it up and going.  http://www.solomon.com MAS 90 – Over 90,000 users nationwide.  They didn’t rewrite from the ground up for their windows product and that allowed for a more feature rich and stable product. We have latest info on our site at http://www.s-consult.com or you can surf on over to the official MAS 90 site at http://www.sota.com

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- Hide quoted text — Show quoted text – The information that I got from our local feds is that I can install any radio that receives only (ADF, GPS, etc).  If it transmits also, a licensed avionics tech has to install it.  Check with your local feds.  They are the ones that will ground you. Ask a thousand feds, you get a thousand answers.  Just like accounting, ask an accountant what 1+1 is, they answer 2.  Ask a lawyer what 1+1 is, they ask you what you would LIKE it to be. Jim

I installed a GPS (swapout for like Loran) and a DME in my airplane, plus moved some things around.  I have radio and installation background (not in aircraft) but my commercial license expired.  My IA just did a 337 and it was no problem.  (We had to jump through a few hoops on  the GPS installation, but that was primarily putting the right incantations regarding the AC on the 337 to make the local FSDO happy).  But the fact that I was not a licensed tech did not seem to make a difference. Jason Goertz            | Voice: 206-946-1184 Federal Way, WA         | Fax:   206-946-1324 1953 D Bonanza, N2190D

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The information that I got from our local feds is that I can install any radio that receives only (ADF, GPS, etc).  If it transmits also, a licensed avionics tech has to install it.  Check with your local feds.  They are the ones that will ground you.

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The information that I got from our local feds is that I can install any radio that receives only (ADF, GPS, etc).  If it transmits also, a licensed avionics tech has to install it.  Check with your local feds.  They are the ones that will ground you.

Ask a thousand feds, you get a thousand answers.  Just like accounting, ask an accountant what 1+1 is, they answer 2.  Ask a lawyer what 1+1 is, they ask you what you would LIKE it to be. Jim Jim Weir VP Engineering  | You bet your sweet patootie I speak RST Engineering          | for the company.  I OWN the cotton- Grass Valley CA 95945    | pickin’ company. voice/fax 916/272-1432   | AR Adv. WB6BHI               Cessna 182A N73CQ

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