(VSOT) Any Beancounters Around???

We don't need a CPA necessarily, nor any investment advice. What we need
to do
is to be able to send our bank statement every month along with the
Quickbooks
data and at the end of the fiscal year get the tax forms (Fed and
California)

Jim, if you're already using Quickbooks, the ONLY thing you need an
accountant for is the year-end stuff.

Monthly taxes (all flavors) are a breeze using QB.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Jay...

Both Gail and I are working 12 to 14 hour days between the design bench, the
production bench, the day to day paperwork, purchasing...

Something had to be offloaded and the easiest thing to offload was the
accounting part. No, I don't need any monthly taxes, but it would be nice to
catch any errors in procedure prior to the year end stuff.

It's just like your hotel. At SOME point you are going to be successful enough
that both of you can't do the front office stuff, the promo stuff, the supplies
ordering, making beds, fixing plumbing, painting, and all the other day in and
day out tasks without severe lack of sleep or sanity. You have to offload
SOMETHING, and it will probably be the maid service, or the plumbing, or
something that is in fairly high supply and isn't vital to your core mission of
RUNNING the hotel, not fixing dripping faucets.

Capiche?

Jim



"Jay Honeck"
shared these priceless pearls of wisdom:

- We don't need a CPA necessarily, nor any investment advice. What we need
-to do
- is to be able to send our bank statement every month along with the
-Quickbooks
- data and at the end of the fiscal year get the tax forms (Fed and
-California)
-
-Jim, if you're already using Quickbooks, the ONLY thing you need an
-accountant for is the year-end stuff.
-
-Monthly taxes (all flavors) are a breeze using QB.



Jim Weir (A&P/IA, CFI, & other good alphabet soup)
VP Eng RST Pres. Cyberchapter EAA Tech. Counselor
http://www.rst-engr.com

It's just like your hotel. At SOME point you are going to be successful
enough
that both of you can't do the front office stuff, the promo stuff, the
supplies
ordering, making beds, fixing plumbing, painting, and all the other day in
and
day out tasks without severe lack of sleep or sanity. You have to offload
SOMETHING, and it will probably be the maid service, or the plumbing, or
something that is in fairly high supply and isn't vital to your core
mission of
RUNNING the hotel, not fixing dripping faucets.

Well, we've got three housekeepers, so we dumped THAT right away. :-)

And I've got a handyman who knows how to fix ANYTHING, so I guess I'm set
there, too. I can do the simple stuff, but when it comes to drywall and
plumbing, he's Da Man.

Accounting, however, is not something I want to farm out -- and Quickbooks
makes it almost easy. I want my finger on the pulse of the place every,
single day. I want to know how we're doing minute-to-minute, compared to
last month, and last year. It's the only way I can make business decisions
(I.E.: "Can we afford to re-landscape the front entrance?" Answer: "Yes")
with any sense of direction.

It's ironic, cuz my worst grade in college was "Accounting." In fact, that
one course convinced me to change my major from Business to Anything Else...

:-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Jay Honeck" wrote:

Jim, if you're already using Quickbooks, the ONLY thing you need an
accountant for is the year-end stuff.

With 39 years exp in accounting/tax, and believe me or not, I've seen
nothing in QB or any such thing which can assure me the results are
accurate beyond the math. If a client has a good, basic understanding
of accounting principles and variances in tax treatment, it may be
safe to provide me with only financial statements for tax prep. This
may be your case, but it's rare in small businesses, and too often
they get just they pay for. I normally counsel at least my one-time,
thorough review of the work, with probable corrective advice to the
person doing it so future years can meet my comfort level. So much
the better if you did that already.

Fred F.

I normally counsel at least my one-time,
thorough review of the work, with probable corrective advice to the
person doing it so future years can meet my comfort level. So much
the better if you did that already.

Yeah, each year my accountant (an aviation nut, by the way) either comes out
and fixes all my previous year's screw-ups, or gives me a list of things to
change -- or both. The list grows shorter every year, but mistakes are
made.

It's always arcane, stupid stuff, like how to figure depreciation on office
equipment...nothing that can't be fixed after the fact.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"