Question:

- Hide quoted text — Show quoted text – Ghod forbid someone should make an extra buck on something he’s throwing away? It’s called reclassification and is the smartest business move one can do to render items useless before selling something as scrap or throwing it away. Your good high paying regular customers would wait till you throw it out or sell it at scrap prices instead of paying top dollar for it.  We learned this many tears ago and have totally eliminated the problem by crushing items that are difficult or uneconomical to sell. Rita

Our solution is to have another eBay seller pay us $200 per month to haul all of our worthless trash away. Works like a champ. — Many thanks, Don Lancaster                          voice phone: (928)428-4073 Synergetics   3860 West First Street   Box 809 Thatcher, AZ 85552 Please visit my GURU’s LAIR web site at http://www.tinaja.com

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station wagon I was unable to find a new home for. It had to go to the scrapyard. I let them haul it for free-but it was SCRAP after my trusty sledge hammer and 629 Smith got done with it. (Actually I had to get out the .375 H&H for the block and transmission.) They "paid" for scrap and that was what they got.

Bret, why do you expend so much energy – not to mention ammunition – rendering junk even junkier?

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station wagon I was unable to find a new home for. It had to go to the scrapyard. I let them haul it for free-but it was SCRAP after my trusty sledge hammer and 629 Smith got done with it. (Actually I had to get out the .375 H&H for the block and transmission.) They "paid" for scrap and that was what they got. Bret, why do you expend so much energy – not to mention ammunition – rendering junk even junkier?

Ghod forbid someone should make an extra buck on something he’s throwing away? I put some usable but unwanted stuff out by my trash can one afternoon, making sure it was tidily displayed and easy to pick up so the folks who have the energy to scavenge could find it easily.  A neighbor who trotted over to tell me someone had "stolen" my trash pile was absolutely scandalized that I was glad to hear it; she couldn’t comprehend why I thought it was a Good Thing that someone might take it to a flea market and make money on it.  *I* was thrilled to have it out of my house and useful to someone in some way. — Ty Who is mostly just a slightly skewed Donna Reed "Conservation may be a sign of personal virtue but it is not a sufficient basis for a sound, comprehensive energy policy."   ~~ Vice President Dick Cheney "Don’t buy gas if you don’t need it."         ~~ President George W. Bush

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- Hide quoted text — Show quoted text – At the required 30:1 sell/buy ratio for eBay profits… I’ve seen this a few bazillion times.  You make this sound like rocket science.  Where the heck do you get 30:1 ratio?  Most companies don’t make more than 15-20-25% profit margin over actual cost and OH, so how do you figure you have to maintain 30:1 to be profitable?  Just curious. A sell/buy ratio is in no manner a profit margin. All it does is set an UPPER LIMIT on what your possible profit margin could be. Profit margins of ONE-TENTH the sell/buy ratio are enormously difficult to achieve on eBay. Partucularly when full burden accounted for. Naturally, if you are not including your pro rated water bill (and similar obscure items) in your eBay accounting, you do not have the faintest clue what your true costs really are. See the numerous tutorials at http://www.tinaja.com/auct01.asp 30:1 is not cast in stone. You could conceivably sometimes and rarely go as low as 29.999:1 or ulp 29.998:1. But 29.997:1, of course, would be beyond the pale. http://www.tinaja.com/glib/ebaysell.pdf — Many thanks, Don Lancaster Synergetics   3860 West First Street  Box 809  Thatcher, AZ 85552 Please visit my GURU’s LAIR web site at http://www.tinaja.com

Don’s rambling reminds me of a couple of college profs I had years ago trying to teach marketing  -  full of big buzz words that nobody could figure out  -  of course they never had a real job in their lives

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I’d sure like to know how to! These PayPal fees, on top of final value fees are killing me. I sold a digital camera for $380, I had to pay $11 in PayPal fees and $10 in EBay final value fees.

Where else could you have sold it for that much, for so little? Kris

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<<snip I sold about 20 Is your minimum selling price at least $19.63? Is your sought after sell/buy ratio 30:1 or higher? Both are essential first steps for eBay profits.

 I seriously doubt you can consistently buy the kind of _desirable merchandise_ any good consistent seller is going to require, at a 30:1 buy/sell ratio. You are buying a LOT of crap at these lowball prices.  But if you could, you would make money. Any regular person is going to lose more walking away from solid opportunities at a normal buy/sell ratio  than make out on on these submarine bid deals-and submarine bidding is actually what your web page entails.  Personally as a lot seller, my rule is it either brings 10% of market price (except military aviation stuff, ONLY for _flying_ warbird buyers) or it gets rendered unremerchantable. Example was the junk station wagon I was unable to find a new home for. It had to go to the scrapyard. I let them haul it for free-but it was SCRAP after my trusty sledge hammer and 629 Smith got done with it. (Actually I had to get out the .375 H&H for the block and transmission.) They "paid" for scrap and that was what they got. They bitched a little, but they hauled it. Tek scopes are sometimes worth more for the ceramic terminal strips inside than thay are as working scopes.

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- Hide quoted text — Show quoted text – I sold about 20 cds when I first started on ebay, but I was a little perturbed with the proportional final value fee, as well as the listing fee, which let’s face it is temporary storage space a whole lot lesser than you would get at a free email or website hosting, which is deleted for reuse 3 months later anyway, the extortionate proportional final value fee really takes the biscuit, it feels like a noose around your neck, I found out after selling all my cds that I owed ebay more money than I made, I have not really met anybody that has made a profit on ebay, except those who chose to violate ebay’s policy by circumventing their fees (I am sure all those powersellers know what I mean) I’d sure like to know how to! These PayPal fees, on top of final value fees are killing me. I sold a digital camera for $380, I had to pay $11 in PayPal fees and $10 in EBay final value fees.

At the required 30:1 sell/buy ratio for eBay profits, your camera cost would, of course, be less than $12.67. $380 minus $22 minus $12.67 leaves $345.33. You should be able to eke out an existence on this if your other costs are tightly in control. See http://www.tinaja.com/glib/ebaysell.pdf — Many thanks, Don Lancaster Synergetics   3860 West First Street  Box 809  Thatcher, AZ 85552 Please visit my GURU’s LAIR web site at http://www.tinaja.com

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Go down the street and open a real store , 7 days a week, rent – utilities etc etc —  depend on foot traffic – pay advertising and see how much you profit is Ebay is a super bargain

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At the required 30:1 sell/buy ratio for eBay profits…

I’ve seen this a few bazillion times.  You make this sound like rocket science.  Where the heck do you get 30:1 ratio?  Most companies don’t make more than 15-20-25% profit margin over actual cost and OH, so how do you figure you have to maintain 30:1 to be profitable?  Just curious.

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At the required 30:1 sell/buy ratio for eBay profits… I’ve seen this a few bazillion times.  You make this sound like rocket science.  Where the heck do you get 30:1 ratio?   Most companies don’t make more than 15-20-25% profit margin over actual cost and OH, so how do you figure you have to maintain 30:1 to be profitable?  Just curious.

He pulled it out of his hat and aplied some smoke and mirrors. Here is the real world, things are different.  People who buy ordinary items at $10 and sell them on eBay at $100 do indeed make a profit.   (Ordinary item: doesn’t require a blimp hanger to store one, isn’t so heavy that no truck or train can carry it, doesn’t require a thousand hours of labor to prepare it for sale, isn’t in a giant lot of unsellable junk.)

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At the required 30:1 sell/buy ratio for eBay profits… I’ve seen this a few bazillion times.  You make this sound like rocket science.  Where the heck do you get 30:1 ratio?  Most companies don’t make more than 15-20-25% profit margin over actual cost and OH, so how do you figure you have to maintain 30:1 to be profitable?  Just curious.

Donald Rumsfeld is giving Bush his daily briefing, and concludes by saying, "Yesterday, three Brazilian soldiers were killed in a terrible accident." "OH, NO!" exclaimed Bush. "That’s terrible!" His staff are stunned by this display of emotion, and continue watching nervously as Bush sits, head in hands. Finally, Bush looks up and asks, "How many is a brazillion? — Joanne

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I’d sure like to know how to! These PayPal fees, on top of final value fees are killing me. I sold a digital camera for $380, I had to pay $11 in PayPal fees and $10 in EBay final value fees. At the required 30:1 sell/buy ratio for eBay profits, your camera cost would, of course, be less than $12.67. $380 minus $22 minus $12.67 leaves $345.33. It would be near impossible to sell things this expensive and make a profit if you are buying them yourself. I only sold it because I had it laying around.

So you stole it?

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"Lumpy"  wrote Hmmm. What’s wrong with that picture. Nothing, presuming that he is not running a business and wasn’t avoiding fees by rejecting CC.  He said elsewhere that he was just trying to get rid of a camera, not generate a second revenue stream.

In other words, he cannot handle a 30:1 sell/buy ratio because an infinite sel/buy ratio is failing to generate a profit for him. — Many thanks, Don Lancaster Synergetics   3860 West First Street  Box 809  Thatcher, AZ 85552 Please visit my GURU’s LAIR web site at http://www.tinaja.com

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"Lumpy"  wrote Hmmm. What’s wrong with that picture. Nothing, presuming that he is not running a business and wasn’t avoiding fees by rejecting CC.  He said elsewhere that he was just trying to get rid of a camera, not generate a second revenue stream.

Correct. I’ve had some things around the house I’ve wanted to sell, the camera was the first one. I had to upgrade because somebody paid via CC.

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"Lumpy"  wrote Hmmm. What’s wrong with that picture.

Nothing, presuming that he is not running a business and wasn’t avoiding fees by rejecting CC.  He said elsewhere that he was just trying to get rid of a camera, not generate a second revenue stream.

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… It sounds like your PayPal account is either a premier account or you had to upgrade to accept a CC or debit card, otherwise you could have avoided the fees by keeping it a personal account and staying under the $500 limit…

Hmmm. What’s wrong with that picture. Craig

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I’d sure like to know how to! These PayPal fees, on top of final value fees are killing me. I sold a digital camera for $380, I had to pay $11 in PayPal fees and $10 in EBay final value fees. At the required 30:1 sell/buy ratio for eBay profits, your camera cost would, of course, be less than $12.67. $380 minus $22 minus $12.67 leaves $345.33. It would be near impossible to sell things this expensive and make a profit if you are buying them yourself. I only sold it because I had it laying around. A $22 fee, not including shipping, is going to be hard unless you sell in bulk and get deals on the stuff.

I agree… for the casual eBayer or someone trying to turn over used stuff using the full compliment of the available services is steep.  It sounds like your PayPal account is either a premier account or you had to upgrade to accept a CC or debit card, otherwise you could have avoided the fees by keeping it a personal account and staying under the $500 limit.  The flip side of this is that by making PayPal available and accepting a CC (not sure if this is what you did, but it sounds like it could be the case) you were able to attract more bids, and therefore drive up the price of your item. So it kinda comes out in the wash.

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I sold about 20 cds when I first started on ebay, but I was a little perturbed with the proportional final value fee, as well as the listing fee, which let’s face it is temporary storage space a whole lot lesser than you would get at a free email or website hosting, which is deleted for reuse 3 months later anyway, the extortionate proportional final value fee really takes the biscuit, it feels like a noose around your neck, I found out after selling all my cds that I owed ebay more money than I made, I have not really met anybody that has made a profit on ebay, except those who chose to violate ebay’s policy by circumventing their fees (I am sure all those powersellers know what I mean)

Still waiting for the period. Craig

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I’d sure like to know how to! These PayPal fees, on top of final value fees are killing me. I sold a digital camera for $380, I had to pay $11 in PayPal fees and $10 in EBay final value fees. At the required 30:1 sell/buy ratio for eBay profits, your camera cost would, of course, be less than $12.67. $380 minus $22 minus $12.67 leaves $345.33.

It would be near impossible to sell things this expensive and make a profit if you are buying them yourself. I only sold it because I had it laying around. A $22 fee, not including shipping, is going to be hard unless you sell in bulk and get deals on the stuff.

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At the required 30:1 sell/buy ratio for eBay profits… I’ve seen this a few bazillion times.  You make this sound like rocket science.  Where the heck do you get 30:1 ratio?  Most companies don’t make more than 15-20-25% profit margin over actual cost and OH, so how do you figure you have to maintain 30:1 to be profitable?  Just curious.

A sell/buy ratio is in no manner a profit margin. All it does is set an UPPER LIMIT on what your possible profit margin could be. Profit margins of ONE-TENTH the sell/buy ratio are enormously difficult to achieve on eBay. Partucularly when full burden accounted for. Naturally, if you are not including your pro rated water bill (and similar obscure items) in your eBay accounting, you do not have the faintest clue what your true costs really are. See the numerous tutorials at http://www.tinaja.com/auct01.asp 30:1 is not cast in stone. You could conceivably sometimes and rarely go as low as 29.999:1 or ulp 29.998:1. But 29.997:1, of course, would be beyond the pale. http://www.tinaja.com/glib/ebaysell.pdf — Many thanks, Don Lancaster Synergetics   3860 West First Street  Box 809  Thatcher, AZ 85552 Please visit my GURU’s LAIR web site at http://www.tinaja.com

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At the required 30:1 sell/buy ratio for eBay profits… I’ve seen this a few bazillion times.  You make this sound like rocket science.  Where the heck do you get 30:1 ratio?  Most companies don’t make more than 15-20-25% profit margin over actual cost and OH, so how do you figure you have to maintain 30:1 to be profitable?  Just curious.

You’re new here, aren’t you?  And off to a fine start, I might add. — Ty Who is mostly just a slightly skewed Donna Reed "Conservation may be a sign of personal virtue but it is not a sufficient basis for a sound, comprehensive energy policy."   ~~ Vice President Dick Cheney "Don’t buy gas if you don’t need it."         ~~ President George W. Bush

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I sold about 20 cds when I first started on ebay, but I was a little perturbed with the proportional final value fee, as well as the listing fee, which let’s face it is temporary storage space a whole lot lesser than you would get at a free email or website hosting, which is deleted for reuse 3 months later anyway, the extortionate proportional final value fee really takes the biscuit, it feels like a noose around your neck, I found out after selling all my cds that I owed ebay more money than I made, I have not really met anybody that has made a profit on ebay, except those who chose to violate ebay’s policy by circumventing their fees (I am sure all those powersellers know what I mean)

Is your minimum selling price at least $19.63? Is your sought after sell/buy ratio 30:1 or higher? Both are essential first steps for eBay profits. See http://www.timaja.com/glib/ebaysell.pdf — Many thanks, Don Lancaster Synergetics   3860 West First Street  Box 809  Thatcher, AZ 85552 Please visit my GURU’s LAIR web site at http://www.tinaja.com

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I sold about 20 cds when I first started on ebay, but I was a little perturbed with the proportional final value fee, as well as the listing fee, which let’s face it is temporary storage space a whole lot lesser than you would get at a free email or website hosting, which is deleted for reuse 3 months later anyway, the extortionate proportional final value fee really takes the biscuit, it feels like a noose around your neck, I found out after selling all my cds that I owed ebay more money than I made, I have not really met anybody that has made a profit on ebay, except those who chose to violate ebay’s policy by circumventing their fees (I am sure all those powersellers know what I mean)

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– Hide quoted text — Show quoted text -I sold about 20 cds when I first started on ebay, but I was a little perturbed with the proportional final value fee, as well as the listing fee, which let’s face it is temporary storage space a whole lot lesser than you would get at a free email or website hosting, which is deleted for reuse 3 months later anyway, the extortionate proportional final value fee really takes the biscuit, it feels like a noose around your neck, I found out after selling all my cds that I owed ebay more money than I made, I have not really met anybody that has made a profit on ebay, except those who chose to violate ebay’s policy by circumventing their fees (I am sure all those powersellers know what I mean)

I’d sure like to know how to! These PayPal fees, on top of final value fees are killing me. I sold a digital camera for $380, I had to pay $11 in PayPal fees and $10 in EBay final value fees.

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I sold about 20 cds when I first started on ebay, but I was a little perturbed with the proportional final value fee, as well as the listing fee, which let’s face it is temporary storage space a whole lot lesser than you would get at a free email or website hosting, which is deleted for reuse 3 months later anyway, the extortionate proportional final value fee really takes the biscuit, it feels like a noose around your neck, I found out after selling all my cds that I owed ebay more money than I made, I have not really met anybody that has made a profit on ebay, except those who chose to violate ebay’s policy by circumventing their fees (I am sure all those powersellers know what I mean)

My net profit before taxes is 67%, including home-business expenses. Insertion, FVF + PayPal fees average less than 10%. The only fees I avoid are insertion fee extras. My title does my advertising. If you think eBay provides less marketing value than a free web hosting service, make the switch and see what you get. PayPal does wonders for my cash flow.

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Question:

Nomen Nescio wrote: > you really gone pay my phone bill?!

If we talked over the phone and I had the money, I probably would. The way things stand right now, I am pretty broke. For what’s worth, here’s my financial situation: My father informally disowned me for no obvious reason in 1986 and he wrote all his property to his second wife, Margaret. His mother’s sister, will likely disown me as well, when the will opens in 15 days and I will probably lose more property. My gf kicked me out 15 days ago, and I am just hanging onto my last bits of my salary, which is something like $1,400 a month, at school. I have no property of my own. In Athens I stay at my mother’s house, which is rented anyway, and at work I stay in a small studio which I rent. For some reason, the Opponent doesn’t want me to ever have money. Any other questions? — I. N. Galidakis — http://users.forthnet.gr/ath/jgal/

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Ioannis wrote: > Nomen Nescio wrote: >> you really gone pay my phone bill?! > If we talked over the phone and I had the money, I probably would. The > way things stand right now, I am pretty broke. For what’s worth, here’s > my financial situation:

I hope things work out.  I am in a bit of a bind, since I accumulated a lot of debt in 2002 to 2003.  Up till that point I had never been more than 2 or 3 grand in debt, and often had a positive net worth. It kind of sucks, but it’s not permanent. m.

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Afer rent and ISP and phone I live on 250 american dollars a month. However I am likely to pick up an extra fifty soon being as I qualify for SSI (I was told), and with county taking over my medical that’ll mean an extra 66.60 cents a month too. And I’m getting 24 dollars a month in food stamps currently. So I’ll be rich pretty soon. But dungarees, most of minre have torn knees. Buying a portable amp this month if these dreams happen. That will give an availablity to stand ob street corners and play for change. That’ll be great. I feel so beat I can’t even fight back. You know…two years waiting for SSA to answer to me, counting pennies since I’ve stopped  activaly trying to get music money or even making a CD. Since Homeless Veterans Christmas in 2000 this is the longest between CDs for me. American was finished inOctober of last year. I can live good for three or four months after a new CD. I am so much better then I have ever been. I practice hours a day. My technique with amp settings and recording techniques is better then ever. The two year wait while the congressman worked for me for the last 13 months has been like living in limbo. Its so hard to get up again. FIGHT. I know. Crooks and criminals are in charge of my country. Whats the use? Well once I but that portable I’m going to engage in guerilla warfare with "Disinherited" all I need is a park bench or a street corner. Inserts of Disinherited tell my story. Its at my website. Broken hearted. Almost impossible to go on. Just give me a battery powered portable amp and we’ll see if I can sell Disinherited and its insert. I can prove it all by documents. Bastards. Social services my ass…..pirates and criminals more like it. Hopefully this month , October, I’ll get a little arearage money money (to much to explain) and I’ll have a high quality shoulder carried (if wanted) amp. Sit on the State house lawn on one of the Brenches during lunch. Or go to Princeton U and sit on one their benches. Cop says move I’ll move. Reduced to guerilla warfare after all my glory. Damo http://community.webtv.net/damodara/MystoryasIseeit

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The bitch is…I tried for a year to see the accounting. I have a degree in this crap. I don’t understand and I want the acounting. One year, then I went to a congressman, 13 months with him trying while I sit in limbo countng pennies and saving up for shoes. Shit. I got no balls left. My testicals are about the size of grapes at this point. Figuratively speaking. Yeah shit go on with my life. HOW! I gotta get back up again and talk numbers cause I see problems with their accounting. AND…that will take another year for each exchange I have with them concerning the piddling unimportant amount of 93,000 dollars!!!!! Tell me who is nuts. Me or them. I wanna talk. They talk once every two years. I hope this new porable battery powered amp will give me some push back at this oppressive government system. Clearly it is an oppressive government system. By the Grace of God……..my strength will return. Else I just sit here counting pennies letting this worm crawl deeper into my respect for my country. THIS is my life. Nothng else until I get an answer or die. Figure two year waits between responses death is most likely, at my age. Bastard pirates bandits thugs. Sure hope I get arearage money for medicare being taken by County in July. Then give me a portable amp. I’m political! Bars have two sides when I play and I never saida freaken word nor even tried to sell "Disinherited" which is my indictment of the criminals. Its on my web site. I ain’t playing in font of a political riot. If the force is with me, I can make a dollar and tell the truth. I have documents to prove my words. I’ll probably just die unanswered and unresolved. Damo http://community.webtv.net/damodara/MystoryasIseeit

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Okay I’ll stop ranting. Once I get started I get extreme I know. I know this. An acomplished musician has credibily. A schizo can be poo pooed right out the door with out consequence.   And I know I am better then I have ever been. Improvement these last six months has been profound. Yeah yeah..paranoid conspiracy fantasies. Screw that. Wanna see the paper trail? http://community.webtv.net/damodara/MystoryasIseeit

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Yeah…..they forced me into LIMBO for over two years. And NOTHING I can do to hold them to account for that. The last year was managed by my new congressman. This is responsive government? What the FUCK are those Iraqis in for if we suceed in impossing our imperial democracy on them? http://community.webtv.net/damodara/MystoryasIseeit

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>I’ll probably just die unanswered and unresolved. >Damo

i hope you know how loved you are by people on this group . fuck money, i mean i hope you get more , and your troubles ease up , but you are a winner in my book. this world is so screwed up when good people like you get screwed like this i just about cant take it anymore sharon things are changing, the time is near, i can feel it

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Question:

Mike: You are complaining about pollution and yet you are polluting alt. wolves news group by cross posting all over the place.. It is quite unfortunate that you don’t understand that even your garbage is nothing but ECO trash when it comes to cross posting to news groups that have nothing to do with your pathetic political agenda.

He’s also polluting the rec.outdoors.rv-travel NG with his spam.

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Mike: You are complaining about pollution and yet you are polluting alt. wolves news group by cross posting all over the place.. It is quite unfortunate that you don’t understand that even your garbage is nothing but ECO trash when it comes to cross posting to news groups that have nothing to do with your pathetic political agenda. Please do us all a favor and don’t trash up the "WEB" any more than you do the environment..!!! – Hide quoted text — Show quoted text – Environmentalists say oil, gas potential of roadless areas poor MATT GOURAS, Associated Press Writer Tuesday, October 29, 2002

Question:

SAP is an ERP system that handles logistics, accounting, production and hr for very large companies. There is no single person that knows all of SAP. The relevant areas for accountants are FI – Financial Accounting (GL, AP, AR, F/A, and Treasury) and CO – Controling (Costs, Overhead Allocations, Profitability). It’s an engineering marvel, but also very complex and demanding. Some 2-3 years ago you could demand high 6 figures as a consultant. Today only real experts are in demand as ERP is not so popular any more (similar to the rest of IT). It may or may not come back as the computing models change (internet, ubiquitous computing, etc.) greg

– Hide quoted text — Show quoted text – SAP and Oracle are competitors. SAP is a huge program and you need good consultants to help you determine if it is right for you.  A good SAP consultant should also be able to provide you with references from other users. *** post for FREE via your newsreader at post.newsfeeds.com *** IS THER ANYBODY THAT KNOWS A PROGRAM CALLED SAP ??  IF YES,  CAN HE TELL ME WHAT HE THINKS ABOUT IT ? THE SAP IS AN ORACLE’S PROGRAM.  AS FAR AS I KNOW. THANKS —–= Posted via Newsfeeds.Com, Uncensored Usenet News =—– http://www.newsfeeds.com – The #1 Newsgroup Service in the World! —–==  Over 90,000 Newsgroups – 16 Different Servers! =—–

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SAP and Oracle are competitors. SAP is a huge program and you need good consultants to help you determine if it is right for you.  A good SAP consultant should also be able to provide you with references from other users.

Try www.rwd.com for SAP consultants.  They have been implementing for SAP for quite a while and can provide references in Europe as well as the US and Asia. Mara

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SAP and Oracle are competitors. SAP is a huge program and you need good consultants to help you determine if it is right for you.  A good SAP consultant should also be able to provide you with references from other users.

– Hide quoted text — Show quoted text – *** post for FREE via your newsreader at post.newsfeeds.com *** IS THER ANYBODY THAT KNOWS A PROGRAM CALLED SAP ??  IF YES,  CAN HE TELL ME WHAT HE THINKS ABOUT IT ? THE SAP IS AN ORACLE’S PROGRAM.  AS FAR AS I KNOW. THANKS —–= Posted via Newsfeeds.Com, Uncensored Usenet News =—– http://www.newsfeeds.com – The #1 Newsgroup Service in the World! —–==  Over 90,000 Newsgroups – 16 Different Servers! =—–

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SAP is a very large German software company. You can find information about it on http://www.sap-consulting.it/ Roger — ‘AROC Financial Performance Measurement’ http://www.mightywords.com/browse/details_bc05.jsp?sku=MW25KV&private… alse

– Hide quoted text — Show quoted text – *** post for FREE via your newsreader at post.newsfeeds.com *** IS THER ANYBODY THAT KNOWS A PROGRAM CALLED SAP ??  IF YES,  CAN HE TELL ME WHAT HE THINKS ABOUT IT ? THE SAP IS AN ORACLE’S PROGRAM.  AS FAR AS I KNOW. THANKS —–= Posted via Newsfeeds.Com, Uncensored Usenet News =—– http://www.newsfeeds.com – The #1 Newsgroup Service in the World! —–==  Over 90,000 Newsgroups – 16 Different Servers! =—–

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*** post for FREE via your newsreader at post.newsfeeds.com *** IS THER ANYBODY THAT KNOWS A PROGRAM CALLED SAP ??  IF YES,  CAN HE TELL ME WHAT HE THINKS ABOUT IT ? THE SAP IS AN ORACLE’S PROGRAM.  AS FAR AS I KNOW. THANKS —–= Posted via Newsfeeds.Com, Uncensored Usenet News =—– http://www.newsfeeds.com – The #1 Newsgroup Service in the World! —–==  Over 90,000 Newsgroups – 16 Different Servers! =—–

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Question:

- Hide quoted text — Show quoted text – Hi: I have a small business,  I recorded in the books of the business the acquisition of a vehicle with personal funds (No line of credit yet)  by doing this journal entry Vehicle   25,000        Additional Contribution (Equity) 25,000 This is only a portion of the cost of the vehicle.  This is the maximum allowed by the state treasury dept.  I know the cost seems awfully high for a small business but I purchased this car when I was making some good money working for a corporation.  Now I’m on my own and having a difficult time to make ends meet. In august, I sold the vehicle at a loss, so that I could buy something cheaper. In all I took s 3,000+ loss on the transaction.  I have no Idea how to record that in the books I checked an accounting manual and it suggests that I do this: Cash                                 XXX Accumulated Depreciation 10,000 Loss On Disposal                3,000                 Vehicle                            25,000 The only problem is that I did not receive any cash for the vehicle.  I paid someone to take over the payments of the account.  The account was legaly transferred to him.  I also never recorded the liability in the books since this was a personal purchase.  I just recorded  45% of the vehicles cost  in the business. Should I record 45% of the loss?  How can I properly record this transaction? Was the original transaction proper?  If not, how can I correct it? Please help!!  We are getting closer to year end and I have no clue on how to proceed with this Thanks

The information provided is not sufficient to provide the basis for a solid answer.  Further information needed is: 1)  When was the vehicle purchased? 2)  When was the vehicle booked? 3)  What is the form of business entity? 4)  Was any depreciation taken on any tax return?  If so, how much and when? 5)  What was the percentage of business use? 6)  Were the payments recorded?  If so, how? The answers to these questions very well may generate a need for more questions. Are you sure you want to do this in a newsgroup?  If it were me I would be talking to a local tax accountant. – Jim Hudspeth, CFE, CPA http://survivalworks.com Washington, USA

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Hi: I have a small business,  I recorded in the books of the business the acquisition of a vehicle with personal funds (No line of credit yet)  by doing this journal entry Vehicle   25,000        Additional Contribution (Equity) 25,000 This is only a portion of the cost of the vehicle.  This is the maximum allowed by the state treasury dept.  I know the cost seems awfully high for a small business but I purchased this car when I was making some good money working for a corporation.  Now I’m on my own and having a difficult time to make ends meet. In august, I sold the vehicle at a loss, so that I could buy something cheaper. In all I took s 3,000+ loss on the transaction.  I have no Idea how to record that in the books I checked an accounting manual and it suggests that I do this: Cash                                 XXX Accumulated Depreciation 10,000 Loss On Disposal                3,000                 Vehicle                            25,000 The only problem is that I did not receive any cash for the vehicle.  I paid someone to take over the payments of the account.  The account was legaly transferred to him.  I also never recorded the liability in the books since this was a personal purchase.  I just recorded  45% of the vehicles cost  in the business. Should I record 45% of the loss?  How can I properly record this transaction? Was the original transaction proper?  If not, how can I correct it? Please help!!  We are getting closer to year end and I have no clue on how to proceed with this Thanks

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Question:

Yes……BUT….do you want to be considered by the public as they consider "those people."

Well, I’m not sure what you’re talking about. As a tax practitioner, I don’t benefit from any state-enforced monopoly. I have to compete in an open marketplace where being a CPA does not necessarily pose any clear advantage. I tend to find that clients remember and recommend service providers with whom they’ve have had a favorable experience, *regardless* of credentials. MTW Please reply to newsgroup – unsolicited email ignored.

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… My area of concern is the using of "CPA" as a marketing enhancement for non accounting services.  In this context I am including tax prep as an accounting service.

… IMHO the only reason there has been a push from the brokerage and insurance industries to sign up cpas is to get to their natural markets.  Once the cpa has finished selling to his clients, what’s left?  Is the cpa going out and beat the bushes for clients with the regular agents?   I’ve seen an insurance industry prediction that only those cpa firms that become insurance agencies will survive the next decade.  I thought that was a silly thing to say.  How many cpas can say a silly thing like that as part of a sales pitch?  How many cpas can use the sales tactics necessary to close a "financial product" sale?  Now many cpas can live two lives, one where they have to sell to clients as a commission agent and another where they have to adhere to the ethical standards of the accounting profession?  How many men can serve two masters? — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

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Not exactly.  What you want is a level playing field and a slightly taller horse (CPA credential). Not so. In many cases those various others have certifications that I don’t have (CFP, CLU, GRE, etc., etc.). Which horse is taller is very much a matter of the consumer’s opinion.

This is a real hot button issue with my non certified CFP friends.  They see "CPA" as a very tall horse. For example, if anyone thinks I know more about real estate than an experienced realtor, simply because I am a CPA, they are a moron. <g

Based on my own experience, I would say that the market assumes we know more about real estate TAXATION than brokers.  I realize that we often don’t.  I am very careful in this area.  I take time to do the research, and that sometimes includes a call to a friendly broker. You want to be able to offer the same products, but also wrap yourself in the mantle of objectivity, integrity and independence that the CPA credential provides. Not so. As a tax practitioner, I never claim to be objective or independent – and I don’t think many of my clients would like it if I was!

<clarity break Integrity is something you have to earn on your own. It is not guaranteed by virtue of licensing. People who aren’t CPAs don’t automatically lack integrity.

Agreed.  I should not have used that word in the context that I did. Actually, if I were to get into this area, I would probably not mention my CPA status to non-client prospects (unless specifically required to do so by regulations) because it isn’t particularly relevant and it may give rise to erroneous expectations. For example, I know at least a few CPA-turned-stockbrokers who tell me that they *don’t* advertise their CPA status because people thereby seem to assume that all of their investment recommendations contain some magic tax gimmick.

This makes sense. While many CPAs seem to view this issue in terms of what they consider to be a "wrapping of the mantle" – thereby presuming a certain amount of self-importance (which may or may not really exist in the marketplace) – I simply view it in terms of my right as a citizen to engage in otherwise legal business activities *without* discrimination based *solely* on the fact that I’m a CPA.

My area of concern is the using of "CPA" as a marketing enhancement for non accounting services.  In this context I am including tax prep as an accounting service. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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You want to be able to offer the same products, but also wrap yourself in the mantle of objectivity, integrity and independence that the CPA credential provides.

I think we all are going to have to understand that, more and more, it’s going to be our own responsibility to build our reputation, and that "credentials" are likely going to lose some of their luster as they start covering broader areas. I’ve already decided that commissioned CPAs are going to exist–I’m just not one of them, and I do plan to let clients know that.  If others parties cry foul (and they often do) I simply point out that I am informing my client about my decision–let them inform their client about theirs and we’ll go forward. I’ve always found it amusing that some who receive commissions have a thin skin about anyone *mentioning* they do that, even if it is mentioned in a nonjudgemental way.

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… I also think it is foolish for stock brokers, realtors, insurance dudes, etc. to get involved in tax preparation. But, since there is absolutely no movement afloat to impose restrictions on them, all I ask for is a level playing field.

… Yes……BUT….do you want to be considered by the public as they consider "those people."  I predict that the first time a CPA, in a CPA practice, churns an account it is going to make the national news. — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

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… I think the lust for commissions was driven primarily by the bull market….

I think that sums up the heart of the problem perfectly.   No bull market goes on forever and their are indicators that the market peak has passed.  When the market starts down, all this attractive commission business is going to look mighty rotten to those cpas who signed on.  Unfortunately, by then, they may be known as "stock brokers" by their traditional market.  IMHO their reputations will be tarnished by associations and they will have a harder time retaining their traditional client base when times get tough. IMHO I have come to the conclusion that many cpas must have slept through their undergraduate psychology, sociology and history classes. — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

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Personally, I think it is foolish for practicing CPAs to get into commission sales.  

I think it’s foolish for totally different reasons–the clients I have who do commissioned work in the financial services markets have been complaining for years that commissioned work is under attack, and the rates they are receiving have been dropping. I think the lust for commissions was driven primarily by the bull market, when it appeared "easy" to select investments.  Now that we may be facing a time when dartboard stock/fund selection doesn’t work so well, we may find a few people will discover clients will start asking uncomfortable questions about why their investments have gone down…

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Personally, I think it is foolish for practicing CPAs to get into commission sales. I also think it is foolish for stock brokers, realtors, insurance dudes, etc. to get involved in tax preparation.

I agree. But, since there is absolutely no movement afloat to impose restrictions on them,

<clarity break all I ask for is a level playing field.

Not exactly.  What you want is a level playing field and a slightly taller horse (CPA credential). You want to be able to offer the same products, but also wrap yourself in the mantle of objectivity, integrity and independence that the CPA credential provides. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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Not exactly.  What you want is a level playing field and a slightly taller horse (CPA credential).

Not so. In many cases those various others have certifications that I don’t have (CFP, CLU, GRE, etc., etc.). Which horse is taller is very much a matter of the consumer’s opinion. For example, if anyone thinks I know more about real estate than an experienced realtor, simply because I am a CPA, they are a moron. <g You want to be able to offer the same products, but also wrap yourself in the mantle of objectivity, integrity and independence that the CPA credential provides.

Not so. As a tax practitioner, I never claim to be objective or independent – and I don’t think many of my clients would like it if I was! Integrity is something you have to earn on your own. It is not guaranteed by virtue of licensing. People who aren’t CPAs don’t automatically lack integrity. Actually, if I were to get into this area, I would probably not mention my CPA status to non-client prospects (unless specifically required to do so by regulations) because it isn’t particularly relevant and it may give rise to erroneous expectations. For example, I know at least a few CPA-turned-stockbrokers who tell me that they *don’t* advertise their CPA status because people thereby seem to assume that all of their investment recommendations contain some magic tax gimmick. While many CPAs seem to view this issue in terms of what they consider to be a "wrapping of the mantle" – thereby presuming a certain amount of self-importance (which may or may not really exist in the marketplace) – I simply view it in terms of my right as a citizen to engage in otherwise legal business activities *without* discrimination based *solely* on the fact that I’m a CPA. MTW Please reply to newsgroup – unsolicited email ignored.

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Personally, I think it is foolish for practicing CPAs to get into commission sales.

I also think it is foolish for stock brokers, realtors, insurance dudes, etc. to get involved in tax preparation. But, since there is absolutely no movement afloat to impose restrictions on them, all I ask for is a level playing field. MTW Please reply to newsgroup – unsolicited email ignored.

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In Oregon, the hot topic seems to be revising the accountancy act so that CPA’s can accept commissions.  Can CPA’s do this already in WA?

Literally as we speak the WA Board is considering a repeal of their anti-commission rule. MTW Please reply to newsgroup – unsolicited email ignored.

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In Oregon, the hot topic seems to be revising the accountancy act so that CPA’s can accept commissions.  Can CPA’s do this already in WA? Literally as we speak the WA Board is considering a repeal of their anti-commission rule.

The WSCPA is also pushing to get statutory approval.  This would prevent the board from banning commissions. One way or the other, it is going to happen. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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In Oregon, the hot topic seems to be revising the accountancy act so that CPA’s can accept commissions.

I most states that battle has already been fought.  In many cases, the state relied on the AICPA Code of Ethics, and when that was changed as part of the FTC consent decree the states followed.  Generally, CPAs are allowed to accept commissions so long as the CPA firm does no attest work for that client in most states.

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It’s interesting how the different state associations push different issues. In Oregon, the hot topic seems to be revising the accountancy act so that CPA’s can accept commissions.  Can CPA’s do this already in WA? Any thoughts from the experts out there? Anthony

– Hide quoted text — Show quoted text – The following is a copy and paste from a document intended by the WSCPA to become law in the State of Washington. (3) An applicant for initial issuance or renewal of a permit to practice under this section shall be required to show that:  (a) A simple majority of the ownership of the firm, in terms of financial interests and voting rights of all partners, officers, shareholders, members, or managers, must belong to holders of a certificate who are certified or licensed in this state or another state, and such partners, officers, shareholders, members, or managers, whose principal place of business is in this state and who perform professional services in this state must hold a valid certificate issued under RCW 18.04.105 or the corresponding provision of prior law I am having a great deal of difficulty accepting the notion that the public interest can be adequately protected where CPA firms performing attest work can be 49% owned by persons or entities who are not CPAs. As I read this proposed rule, I see nothing that would stop Bill Gates from buying a 49% interest in the "Cognitor" firm that audits M$.  I’m not comfortable with that.  Are the rest of you comfortable with that? — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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In Oregon, the hot topic seems to be revising the accountancy act so that CPA’s can accept commissions. I most states that battle has already been fought.  In many cases, the state relied on the AICPA Code of Ethics, and when that was changed as part of the FTC consent decree the states followed.  Generally, CPAs are allowed to accept commissions so long as the CPA firm does no attest work for that client in most states.

According to the July 24 – August 6, 2000 issue of ACCOUNTING TODAY, there are presently eight states that bar commissions.  They are Idaho, Oregon, Rhode Island, Alaska, Hawaii, Montana, Wyoming and Washington. My guess is that within a year we (WA) will allow them with some fairly strong disclosure requirements provided there is no attest work involved. Personally, I think it is foolish for practicing CPAs to get into commission sales.  Our only inherent advantage is the fact that CPAs enjoy a high level of public trust.  A  few well publicized commission rip offs and a little time could easily change that.  The investment related talk shows are already making this an issue. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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All the owners would be subject to the same standards as CPA’s, although I don’t know what the penalty would be if they didn’t.

I suspect the proposed penalty would be that the firm itself could be sanctioned.  Of course, given the court decisions what that would really mean is that the firm could be barred only from attest functions.

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We all know (or should know) that control is easily possible with a lot less than 49% ownership.

The practical matter is that many of these entities have obtained control with 0% ownership of the CPA firm–rather, the firm remains as a shell and "leases" employees as needed from the non-CPA firm entity.  That’s been the AMEX design from early on…

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We all know (or should know) that control is easily possible with a lot less than 49% ownership. The practical matter is that many of these entities have obtained control with 0% ownership of the CPA firm–rather, the firm remains as a shell and "leases" employees as needed from the non-CPA firm entity.  That’s been the AMEX design from early on…

This really gets depressing.  The further I get into this the more I’m getting the message that CPA "independence" is nothing but a illusion. CPAs don’t want to be independent and the public doesn’t care. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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The following is a copy and paste from a document intended by the WSCPA to become law in the State of Washington. (3) An applicant for initial issuance or renewal of a permit to practice under this section shall be required to show that:  (a) A simple majority of the ownership of the firm, in terms of financial interests and voting rights of all partners, officers, shareholders, members, or managers, must belong to holders of a certificate who are certified or licensed in this state or another state, and such partners, officers, shareholders, members, or managers, whose principal place of business is in this state and who perform professional services in this state must hold a valid certificate issued under RCW 18.04.105 or the corresponding provision of prior law I am having a great deal of difficulty accepting the notion that the public interest can be adequately protected where CPA firms performing attest work can be 49% owned by persons or entities who are not CPAs. As I read this proposed rule, I see nothing that would stop Bill Gates from buying a 49% interest in the "Cognitor" firm that audits M$.  I’m not comfortable with that.  Are the rest of you comfortable with that? — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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… I am having a great deal of difficulty accepting the notion that the public interest can be adequately protected where CPA firms performing attest work can be 49% owned by persons or entities who are not CPAs.

No problem here.  The business would still be under the control of the licensed owners.  The unlicensed partners "could" be a valuable source of sellable knowledge and /or capital.  I stress could, because I think this minority ownership movement is based on growth assumptions that are not going to happen. As I read this proposed rule, I see nothing that would stop Bill Gates from buying a 49% interest in the "Cognitor" firm that audits M$.  I’m not comfortable with that.  Are the rest of you comfortable with that?

Weeelllllll…..  Wouldn’t the ethics standards prohibit that or at least force "the gates" to recuse "itself."  I’m not much for forward speculation, but I find it very hard to see that kind of conflict of interest being allowed. I don’t think there is much fear of that happening.  CPA firms have neither the long term profitability or growing market to attract such a corporate investment.  "Knowledge enterprises" (what the heck ever that is this week) will want to buy off or in to the consulting sections of firms.  As far as the audit & accounting firms, the only buyers I see would be the "financial community" who would want the customer base for cross selling whole life, annuities, and other high commission products. … — *             Ronald Lee Todd M.B.A., C.P.A.                  * *                                                             * *  Unemployed five years, and really beginning to enjoy it.   * *                                                             * *                   Ayn Rand was right                        *

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A simple majority of the ownership of the firm

As a purely technical point, I am troubled by the term "simple majority". If this is supposed to mean "greater than 50%" or "at least 51%", then it should be stated as such. But, wouldn’t that be an *absolute* majority? On the other hand, perhaps the WSCPA *wants* the rule to be vague and ambiguous… MTW Please reply to newsgroup – unsolicited email ignored.

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Jim Hudspeth wrote I am having a great deal of difficulty accepting the notion that the public interest can be adequately protected where CPA firms performing attest work can be 49% owned by persons or entities who are not CPAs.

Situations like you have posted ‘could’ happen, but I think what it is intended to allow is the integration of other professions into the CPA firm.  IE: legal, IT/computer folk, investments, etc.  I think Georgia is tossing around a similar provision with that intention in mind.  All the owners would be subject to the same standards as CPA’s, although I don’t know what the penalty would be if they didn’t. — Paul A. Thomas, CPA Athens,  Georgia

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– Hide quoted text — Show quoted text – Jim Hudspeth wrote I am having a great deal of difficulty accepting the notion that the public interest can be adequately protected where CPA firms performing attest work can be 49% owned by persons or entities who are not CPAs. Situations like you have posted ‘could’ happen, but I think what it is intended to allow is the integration of other professions into the CPA firm.  IE: legal, IT/computer folk, investments, etc.  I think Georgia is tossing around a similar provision with that intention in mind.  All the owners would be subject to the same standards as CPA’s, although I don’t know what the penalty would be if they didn’t. — Paul A. Thomas, CPA Athens,  Georgia

Here in Tennessee the fastest growing areas appear to be in information technology and tax.  State and local tax (SALT) specialization seems to really be on the rise at larger firms.  Many of the people filling these jobs are not accountants.  One firm locally formed an LLC to handle what had been its IT division in order to allow non-CPAs ownership in this fast growing function. I don’t know is keeping the functions under a separate company is better or worse than allowing direct ownership in a CPA firm, but there are clearly ways around the current prohibition.  In small towns near where I live it is very common to see more than one business name on the door of a CPA firm. Example: "Joe Smith, CPA" and right under that "Smith and Jones Bookkeeping and Tax Service".  I would strongly suspect this is because Mr./Ms. Jones is not a CPA, but for all practical purposes is a partner.

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Jim Hudspeth wrote I am having a great deal of difficulty accepting the notion that the public interest can be adequately protected where CPA firms performing attest work can be 49% owned by persons or entities who are not CPAs. Situations like you have posted ‘could’ happen, but I think what it is intended to allow is the integration of other professions into the CPA firm.  IE: legal, IT/computer folk, investments, etc.  I think Georgia is tossing around a similar provision with that intention in mind.  All the owners would be subject to the same standards as CPA’s, although I don’t know what the penalty would be if they didn’t.

When you are writing legislation you really need to think about the unintended consequences.  The intent of the promoters doesn’t mean diddle when you’re going through an enforcement action. You can say that "All the owners would be subject to the same standards as CPA’s", but there is no effective way to enforce it. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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… I am having a great deal of difficulty accepting the notion that the public interest can be adequately protected where CPA firms performing attest work can be 49% owned by persons or entities who are not CPAs. No problem here.  The business would still be under the control of the licensed owners.

We have both lived too long to buy that argument. The unlicensed partners "could" be a valuable source of sellable knowledge and /or capital.

Of course they are – otherwise there would be no incentive to go this route. I stress could, because I think this minority ownership movement is based on growth assumptions that are not going to happen.

Different discussion. As I read this proposed rule, I see nothing that would stop Bill Gates from buying a 49% interest in the "Cognitor" firm that audits M$.  I’m not comfortable with that.  Are the rest of you comfortable with that? Weeelllllll…..  Wouldn’t the ethics standards prohibit that or at least force "the gates" to recuse "itself."  I’m not much for forward speculation, but I find it very hard to see that kind of conflict of interest being allowed.

If it is legal, just who, pray tell, is going to prohibit it, and how would they do it.  Owners do not voluntarily "recuse" themselves. I don’t think there is much fear of that happening.  CPA firms have neither the long term profitability or growing market to attract such a corporate investment.  "Knowledge enterprises" (what the heck ever that is this week) will want to buy off or in to the consulting sections of firms.  As far as the audit & accounting firms, the only buyers I see would be the "financial community" who would want the customer base for cross selling whole life, annuities, and other high commission products. …

While I would certainly agree that there would be plenty of cross selling going on (which I don’t like either), I want to stress that the problem is independence – not profitability.  There are plenty of commercial concerns that would love to "own" a captive CPA firm.  We all know (or should know) that control is easily possible with a lot less than 49% ownership. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

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Question:

The following are two excerpts from the Treatise on the Downward Wage Equalizing Effects of Equal Employment Opportunity (EEO): Question:  Why do companies merge? Answer:  Companies merge for several EEO related reasons.  First, the purchasing power of consumers is constantly being reduced by lower, downwardly equalized wages.  This reduced purchasing power cannot support the economic activity necessary to sustain a large number of competitors within an industry, so the competitors consolidate thereby enabling themselves to "share" a diminishing market.  Secondly, job candidates with preferred demographics are becoming a vanishing breed, and so certain players in an industry will want to "scoop up" the remaining preferred workers by "raiding" the demographics of an acquired company.  Thirdly, since wages have not yet been completely downwardly equalized, labor is perceived to be too expensive, in which case companies will want to use labor sparingly.  Think about it: if the price of table salt goes to $100 per pound, you will use it sparingly! Companies can achieve their "frugal" use of labor by merging and eliminating redundant functions and personnel.  Areas which will be impacted the most will be data processing, accounting, legal, advertising, among others.  Lastly, EEO has sent performance standards into a downward bidding spiral among all workers making it difficult, if not impossible, to manage an enterprise properly. Companies reorganize and reorganize in a feeble attempt to counteract the low performance standards of their workers.  These companies eventually come to the conclusion that the ultimate reorganization, that is, merger, while not necessarily raising performance standards, will at least remove certain competitive challenges in the marketplace by "swallowing" that competition, and so low performance standards become much less of a pressing concern. It is essential that you remember:  the consolidation of companies within industries reduces the number of bidders to compete and bid up the buying price of labor, and so labor prices will continue to go downward.  Additionally, consolidation reduces the number of bidders to compete and bid down the selling prices of products and services, and so selling prices will end up going upward.  The typical worker in the merger game ends up getting torn between lower real wages and higher market prices for the things he would like to buy.  Mergers and acquisitions are expected to usher in Third World living standards for us. Next excerpt: EQUAL EMPLOYMENT OPPORTUNITY EQUALS EMERGENCE OF OLIGOPSONIES Did it ever occur to you that all the rage in mergers and acquisitions might be motivated by equal employment considerations?  If a company wants to avoid hanging out the "help wanted" sign and dealing with job applicants which it does not care to have, would it not behoove this company to raid the demographics of a competing company by acquiring the competing company?  Think about it.  As everybody knows, there is strong preference for certain job applicants, and, of course, a higher assessment of value goes along with that preference.  However, the government ties an employer’s hands behind his back when he tries to express that preference by way of an employment arrangement.  An employer pretty much has to hire at least one less-than-top-choice candidate along with every top-choice candidate AND pay the less-than- top-choice candidates equally with the top-choice candidate. With overall standards in the U.S. dropping and with a host of other social changes, the top-choice candidates are dropping into the minority, and the less-than-top-choice candidates are becoming the majority.  What’s an employer to do in order to express his pent-up demand, preference, and higher valuation of top-choice workers?  Answer: he will "find a way" just as the all-female species in the blockbuster movie "found a way" to reproduce!  The path of least resistance for these employers is mergers and acquisitions – in other words, the raiding of the demographics of other businesses!  Over-valuations of acquired companies were explained away by public relations people as payments for good will, established product lines, and customer bases. Hogwash!  All of a sudden, the past, seemingly insanely inflated prices of mergers and acquisitions now make sense.  The demographics of the acquired company account for its sky high value and price!  This writer can name names where such demographic raiding activity is suspected! But merged companies have redundancies, and these redundancies are handled with terminations (generally of older workers) thereby reducing the overall demand for labor and further depressing wages.  The bottom line is that such activities create oligopsonies in the marketplace (few labor buyers with great bargaining power) or even monopsonies (one labor buyer with even more power). As things stand, upon selling out, the business owner of the acquired company collects all the wealth associated with the perceived value of the preferred demographics of his workers while those workers get none of that wealth.  All that the workers get are the risk of being let go during the redundancy-elimination process and the certainty of having their wages being reduced by the oligopsony/monopsony situation whether or not they are let go!  Anyway, the implication is that any sly and savvy businessman who successfully circumvents the equal employment opportunity laws can, in effect, sell out and collect a multi-billion dollar employment agency fee!  What a scream!  To the astute reader, this all may seem like modern-day trading in white slavery in the above- ground, above-board black market known as Corporate America. Let’s see; exfoliation of older workers, withholding of intrinsic values, eroding wages, having to pay off one’s own purchase price, onerous work loads and overtime, and stress related disorders are all symptoms of mergers and acquisitions.  Sure sounds like white slavery to me!  But don’t trouble your pretty little head about this too much.  It is all due to come to an end really soon.  When the government eases up on deficit spending, then the last worker at the end of the day can turn off all the lights.  (Note: since the original writing of this essay, the government has shifted its manipulation strategy for the economy from government deficit spending to tinkering with interests rates and the promotion of home equity mortgages thereby getting homeowners to fuel the economy through consumer spending by hocking past wealth – in other words, we see a shift from government deficit spending to consumer deficit spending, which, of course, is not self-sustaining and will come crashing down like the flimsy house of cards that it is.) Conclusion:  Can you fathom having sent 50,000 troops to their deaths in Viet Nam to fight an atrocious system known as Communism when in our own country we’ve developed a system that is upside-down, inside-out, convoluted, inverted, and perverted? jer Before you buy.

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EQUAL EMPLOYMENT OPPORTUNITY EQUALS EMERGENCE OF OLIGOPSONIES

wtf?? Please, my brain is elsewhere on Fridays, and besides we’re not all economics majors…. Scotty — Netnews and Listserv Admin                      519 824-4120 x2556 University of Guelph                     "If it’s not Scottish it’s CRRRRAAAAAAAPPPPPP!"

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EQUAL EMPLOYMENT OPPORTUNITY EQUALS EMERGENCE OF OLIGOPSONIES wtf?? Please, my brain is elsewhere on Fridays, and besides we’re not all economics majors…. Scotty

Monopsonies and oligopsonies are the flip side of monopolies and oligopolies. A monopoly is one seller in a market having great power in that market over buyers. An oligopoly is few sellers in a market having much power in that market over buyers. A monopsony is one buyer in a market having great power in that market over sellers. An oligopsony is few buyers in a market having much power in that market over sellers. jer Before you buy.

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Question:

I have set up the terms e.g. 2% 10 Net 30 and associated it with the customer. I then send out invoice to customer for e.g. 10-00 ukp Then when I receive payment 5 days later for 9-80 ukp and enter this into Quickbooks against the invoice it still shows up as 20p outstanding. I was expecting the discount of 2% to cause this invoice to be closed. Can anyone explain how Quickbooks deals with discounts? Thanks Alan

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I then send out invoice to customer for e.g. 10-00 ukp Then when I receive payment 5 days later for 9-80 ukp and enter this into Quickbooks against the invoice it still shows up as 20p outstanding. I was expecting the discount of 2% to cause this invoice to be closed.

In the Receive Payment window, enter the amount of payment and select the invoice (or first of more than one) to apply it to.  Then click the DISCOUNT INFO button and accept or edit the data.   QB probably does it this way because the customer may calculate the discount differently from you and you may either agree or disagree with him.

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I then send out invoice to customer for e.g. 10-00 ukp Then when I receive payment 5 days later for 9-80 ukp and enter this into Quickbooks against the invoice it still shows up as 20p outstanding. I was expecting the discount of 2% to cause this invoice to be closed. In the Receive Payment window, enter the amount of payment and select the invoice (or first of more than one) to apply it to.  Then click the DISCOUNT INFO button and accept or edit the data.   QB probably does it this way because the customer may calculate the discount differently from you and you may either agree or disagree with him.

Unfortunately my UK version 5.0 doesn’t have a DISCOUNT INFO button! It displays a date up to which the discount applies, but doesn’t appear to act upon it. Any further ideas please? cheers Alan —-

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I would be grateful if someone can recommend a good book on Trust Accounting or even a good WWW site. Thanks Derek

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Question:

– Hide quoted text — Show quoted text – : : Q. Why do surgeons love operating on lawyers? : : A. They are spineless, heartless and gutless, and the head is : interchangeable with the ass. : : Flash : Legionnaire 3rd Class : (and who trained as a lawyer)   : To reply, use footpowder. : : I usually just lurk here, but I have something to say on these jokes. since they : keep popping up every week or two. No they don’t.  You should have gotten a big clue that the post was off topic for this ng by the title and just ignored it.  Or you could have come back with "If lawyers are such a joke, next time you need one hire a comedian."  I think that is a great comeback.

<click- soapbox mode on I didn’t directly see the post from the Sensitive New Age Real Lawyer, my newsfeed tends to drop a few posts along the way. No matter, if this lawyer truly lurks around the group then she would know that off-topic humour occasionally appears here as do other off-topic posts, this group tends to weave around and through the topic of diet support. A little levity is often a relief. Perhaps our lawyer friend would prefer that every post be on diet support, always diet support and nothing but diet support. And for your information, I trained as a barrister, or what is known in the US as a "trial lawyer". I have stood up in Court, resplendent in gown and horsehair wig, bowing and nodding and muttering "….if your honour pleases…"  I left the Law when I began to realise that not all criminals are on one side of the Bar. Whilst I have a number of friends and acquaintances who are practicing lawyers and as individuals I believe they are a fine people. Collectively I find them a bunch of self-opinionated assholes convinced of their superiority as human beings. Perfectly good targets for jokes. <soapbox mode off Flash Legionnaire 3rd Class To reply, use footpowder.

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: : Q. Why do surgeons love operating on lawyers? : : A. They are spineless, heartless and gutless, and the head is : interchangeable with the ass. : : Flash : Legionnaire 3rd Class : (and who trained as a lawyer)   : To reply, use footpowder. : : I usually just lurk here, but I have something to say on these jokes. since they : keep popping up every week or two. No they don’t.  You should have gotten a big clue that the post was off topic for this ng by the title and just ignored it.  Or you could have come back with "If lawyers are such a joke, next time you need one hire a comedian."  I think that is a great comeback. — K in Cali-Stacking Atkid Too many people end up using "try" as a synonym for "find an excuse why I can’t".  Rich 7.17.98 : : I am an attorney, and I wanted to read lawyer jokes I would go to a joke : newsgroup.  By the way, as an over weight person I don’t find it funny when : people spout off fat jokes. Do you like fat jokes? well I don’t like laywer : jokes. Take it to joke newsgroup! Please! :

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OK, here’s another blonde joke.  Yes, there is a joke newsgroup. Do a newsgroup search for joke* and humor. Q:  What do you call a blonde with 2 brain cells? . . . . . . . . . . . . . . . . A:  Pregnant — Drawing on my find command of language, I said nothing. – Hide quoted text — Show quoted text – *snip happens* .  Why don’t you come back with a joke about blondes or accountants or whatever?   karen 217/205/195 (first goal) "Our bodies are where we stay.  Our souls are what we are." Cecil Baxter

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Q. Why do surgeons love operating on lawyers? A. They are spineless, heartless and gutless, and the head is interchangeable with the ass. Flash Legionnaire 3rd Class (and who trained as a lawyer)   To reply, use footpowder. I am an attorney, and I wanted to read lawyer jokes I would go to a joke newsgroup.  <snip

I thought it was funny.  Surely you realize your profession is one of the most joked about.  Why don’t you come back with a joke about blondes or accountants or whatever?  Good grief, there’s so many more *important* things to get offended about, just get over it.  If a joke offends me, I just tune it out.  Losing weight is a, pardon the expression, weighty issue, and some humor thrown in now and then helps ease the mood and lighten things up a bit.  If we were all completely PC, there would be nothing to laugh at any more.  By the way, IS there a joke ng? — karen 217/205/195 (first goal) "Our bodies are where we stay.  Our souls are what we are." Cecil Baxter

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Q. Why do surgeons love operating on lawyers? A. They are spineless, heartless and gutless, and the head is interchangeable with the ass. Flash Legionnaire 3rd Class (and who trained as a lawyer)   To reply, use footpowder.

I usually just lurk here, but I have something to say on these jokes. since they keep popping up every week or two. I am an attorney, and I wanted to read lawyer jokes I would go to a joke newsgroup.  By the way, as an over weight person I don’t find it funny when people spout off fat jokes. Do you like fat jokes? well I don’t like laywer jokes. Take it to joke newsgroup! Please!

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Q. Why do surgeons love operating on lawyers? A. They are spineless, heartless and gutless, and the head is interchangeable with the ass.

Ooh!  A good one!  I’m sending this to my 5 lawyer in-laws. You’ll get a response from them shortly.  <g —              You can’t make a fine lager using kool-aid technology.            

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Q. Why do surgeons love operating on lawyers? A. They are spineless, heartless and gutless, and the head is interchangeable with the ass. Flash Legionnaire 3rd Class (and who trained as a lawyer)   To reply, use footpowder.

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Here is a card I bought for a friend yesterday. Front:  "For men, sex is like a car crash…" Inside:  "They’re usually going too fast…  there’s a scream…  Then they flee the scene." As usual, I was just giggling away in the card aisle!   Michelle – ahh, lazy sundays for me, no housework and I’m almost positive a nap is in my near future — Drawing on my find command of language, I said nothing.

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I don’t think Catharine is complaining about the content of the newsgroup, only the use of lawyer jokes.  She has a right to be offended by lawyer jokes, as I have a right to be offended by blonde jokes, and people from France have a right to be offended by French jokes.  If I started spouting off racist jokes, jokes about black people, or chinese people or something, would that be all right in the interests of levity?     I too have friends who are lawyers, and I don’t find the same thing you do. As a matter of fact, one of my closest friends is a lawyer, and he’s about one of the nicest guys I’ve met.  However, on the same note, he doesn’t mind the lawyer jokes, anymore than I mind the blonde jokes, as long as those who say them, and hear them don’t actually judge him, or me, by them.     Anyway, I’m not saying that the lawyer jokes should stop or anything like that, that’s the choice of the poster, but Catharine has a right to say that she does not appreciate them, just as a overweight person would have the right to say she doesn’t appreciate fat jokes.  Thus the next person who thinks of posting a lawyer joke, is more fully informed when they make the decision to post. Jodie Indecision is the key to flexibility. – Hide quoted text — Show quoted text – I didn’t directly see the post from the Sensitive New Age Real Lawyer, my newsfeed tends to drop a few posts along the way. No matter, if this lawyer truly lurks around the group then she would know that off-topic humour occasionally appears here as do other off-topic posts, this group tends to weave around and through the topic of diet support. A little levity is often a relief. Perhaps our lawyer friend would prefer that every post be on diet support, always diet support and nothing but diet support. And for your information, I trained as a barrister, or what is known in the US as a "trial lawyer". I have stood up in Court, resplendent in gown and horsehair wig, bowing and nodding and muttering "….if your honour pleases…"  I left the Law when I began to realise that not all criminals are on one side of the Bar. Whilst I have a number of friends and acquaintances who are practicing lawyers and as individuals I believe they are a fine people. Collectively I find them a bunch of self-opinionated assholes convinced of their superiority as human beings. Perfectly good targets for jokes. <soapbox mode off Flash Legionnaire 3rd Class To reply, use footpowder.

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How does a blonde get a man? I’m here. How does a Red Head get a man? Blonde’s gone. How does a brunette get a man? I’m still here. Jodie. We blondes can dish ‘em out too ya know!

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<<Q:  What do you call a blonde with 2 brain cell? . . A:  Pregnant ** I thought the answer was "Gifted"** 312/300/160 Just Me,  Lisa.                           *  "I’m not fat..I’m big boned!" -Eric Cartman- *SouthPark*

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I like humor.  Sometimes it distracts one from one’s struggles.  If the lawyer can’t take a joke, hit the engineers.  I’m one and I must say that I laugh at some of the sterotypical jokes pointed at us (me).

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I like humor.  Sometimes it distracts one from one’s struggles.  If the lawyer can’t take a joke, hit the engineers.  I’m one and I must say that I laugh at some of the sterotypical jokes pointed at us (me).

The problem with lawyers, as a class, is that they set themselves up to be the object of ridicule. Engineers tend to be different in that many of the jokes about them tend to have been thought up by engineers themselves. Unfortunately most of these jokes are not fit for mixed company. Flash Legionnaire 3rd Class To reply, use footpowder.

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Hi, You can’t spell geek without a double E! Mary Ann  (BS Marine E., MS ME) – Hide quoted text — Show quoted text – I like humor.  Sometimes it distracts one from one’s struggles.  If the lawyer can’t take a joke, hit the engineers.  I’m one and I must say that I laugh at some of the sterotypical jokes pointed at us (me).

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I like humor.  Sometimes it distracts one from one’s struggles.  If the lawyer can’t take a joke, hit the engineers.  I’m one and I must say that I laugh at some of the sterotypical jokes pointed at us (me).

OK….   An engineer dies and goes to heaven. St. Peter meets him at the Pearly Gates, asks him name and checks the list. "Oh, I’m sorry, Sir. I see you’re an engineer. You’ve been assigned to Hell."   The engineer is puzzled over this, but feels he can’t question the word of God, so he leaves to take his place in Hell.   A month later, God calls down to Satan. He askes "How are things in Hell? (heehee)   Satan responds, "Well, ever since you sent that engineer to us down here, it’s been GREAT! He’s built us an escalator, installed air conditioning and has put us on the Web!"   God thunders, "An engineer? How did you ever get an engineer? That’s a mistake…send him back up here immediately!"   Satan laughs and says "No way, we’re getting Ben and Jerry’s ice cream down here this week. The engineer stays!"   God yells "Send that engineer back up to Heaven or I’ll sue!"   Satan smiles and will a calm, clear voice, says "And where do you think you’ll find a lawyer?" Ooooops…it’s a lawyer joke after all! Sorry! ROFL Kasey

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LOL, Was a good lawyer joke at that!   Robin

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ROFPML! Flash Legionnaire 3rd Class Ooooops…it’s a lawyer joke after all! Sorry! ROFL Kasey

To reply, use footpowder.

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Question:

I have a new software suite for managing small business. I’d really appreciate some feedback from the accounting and small business consulting community on its merits. Don’t bother to send Spam and get rich quick schemes. They will all be ignored. The target market is the small entrepreneur who may work alone or may have as many as a dozen or so employees. In other words — small, micro. The business person who sends out quotes one minute, invoices the next, then schedules a meeting, writes some cheques to suppliers, issues some credit notes, and then perhaps writes a series of sales letters to a prospects, and then because someone’s on the phone looks up some data from last month. In most circumstances most of these processes would require separate software programs. It’s the objective of 7Office to bring all into an integrated and easy to use environment. 7Office has been in continuous use since last September, but it’s taken considerable time to build the website, the marketing structure, add new features and polish. I’d like to solicit reviews of this product either as private feedback or in publishable form. Most of all we’d like some feedback from professionals in the accounting field who understand the needs of micro business and also the needs of proper sales records. One special note. This program is not a general ledger accounting program. That’s not its intention. It doesn’t reconcile bank accounts and it doesn’t maintain audit trails. Rather it initiates records and it exports sales and tax data to such programs as AccPac’s Simply Accounting. The website is at http://www.7Office.com where a demo can be downloaded. We welcome your comments. Morley Chalmers The first integrated billing       All-in-One Invoicing, Purchasing, Receivables, & contact manager        Call Reports, Scheduling, To Do Lists, Letters for small business

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- Hide quoted text — Show quoted text – I have a new software suite for managing small business. I’d really appreciate some feedback from the accounting and small business consulting community on its merits. Don’t bother to send Spam and get rich quick schemes. They will all be ignored. The target market is the small entrepreneur who may work alone or may have as many as a dozen or so employees. In other words — small, micro. The business person who sends out quotes one minute, invoices the next, then schedules a meeting, writes some cheques to suppliers, issues some credit notes, and then perhaps writes a series of sales letters to a prospects, and then because someone’s on the phone looks up some data from last month. In most circumstances most of these processes would require separate software programs. It’s the objective of 7Office to bring all into an integrated and easy to use environment. 7Office has been in continuous use since last September, but it’s taken considerable time to build the website, the marketing structure, add new features and polish. I’d like to solicit reviews of this product either as private feedback or in publishable form. Most of all we’d like some feedback from professionals in the accounting field who understand the needs of micro business and also the needs of proper sales records. One special note. This program is not a general ledger accounting program. That’s not its intention. It doesn’t reconcile bank accounts and it doesn’t maintain audit trails. Rather it initiates records and it exports sales and tax data to such programs as AccPac’s Simply Accounting. The website is at http://www.7Office.com where a demo can be downloaded. We welcome your comments. Morley Chalmers The first integrated billing       All-in-One Invoicing, Purchasing, Receivables, & contact manager        Call Reports, Scheduling, To Do Lists, Letters for small business

xxxxxxxxxxxxxxxxxxxxxxxx Reading about you target market brought The New View accounting system to my mind.   It picked up where you left off, yet you had some great ideas too. Perhaps the two should be combined. One of New Views’ target markets is the small entrepreneur who may work alone or may have as many as a dozen or so employees. In other words — small, micro. The business person who sends out quotes one minute, invoices the next, then schedules a meeting, writes some checks to suppliers, issues some credit notes, and then perhaps writes a series of sales letters to a prospects, and then because someone’s on the phone looks up some data from last month. I make  New Views do much of that now including the quote by making up a dummy invoice, printing it, store the dummy in a temporary external file for later and then erase it so it doesn’t get mixed up in the real accounting books.   New Views analysis view can be used like a contract manager comparing actual to budget and displaying the differences. New Views is a general ledger program that writes those checks, prints outs invoices and statements, has a notes view to store that sales letter. New Views is an:  integrated billing – All-in-One Invoicing, Purchasing, Receivables, and Financial Reporting accounting system. It does reconcile bank accounts and it does maintain audit trails.  It even computes and accumulates accounting data for sales and tax data which can even be exported or imported.  My man even wrote a jig program to export the accounts receivable mailing list.  New Views was designed to be a stand alone work horse program, but can be saddled up with private add on programs for those special needs. . However your:         Scheduling         To Do Lists         Letters  for small business         Approach to quotes         Writing a series of sales letters to a prospects         Contract manager seem like great ideas for New Views add on programing to me.  New Views is always working to improve its product.  Something like that should be made part of the New Views program.  Might I convince you to contact Q.W.Page, Inc at                                                                 qwpage.com You were looking for feedback from professionals in the accounting field who understand the needs of micro business and also the needs of proper sales records. I experimented with exporting and importing in and out of New Views and then viewing the results by various means. Might it be possible with a little time one could easily add your program into a New Views Set of books and get the best.   I hope so.  I think I could sell that combo. Kress K. Cave, C.P.A. — Accounting Systems*Real Estate Taxation*Income Tax  I love to work with NEW VIEWS -The visual approach to accounting!

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