Comments for BOTTOM LINE BOOKKEEPING & TAX http://www.bottomlineslc.com Fri, 02 Dec 2011 08:31:51 +0000 hourly 1 http://wordpress.org/?v=3.2 Comment on Am I Profitable? Simplified Bookkeeping for a Side-Business or Hobby by best elliptical machine http://www.bottomlineslc.com/am-i-profitable-simplified-bookkeeping-for-a-side-business-or-hobby/comment-page-1/#comment-47 best elliptical machine Fri, 02 Dec 2011 08:31:51 +0000 http://www.bottomlineslc.com/?p=189#comment-47 I suggest adding a "google+" button for the blog! I suggest adding a “google+” button for the blog!

]]> Comment on Calendar Year vs. Fiscal Year by Bill Brough http://www.bottomlineslc.com/calendar-year-vs-fiscal-year/comment-page-1/#comment-46 Bill Brough Tue, 16 Aug 2011 16:50:53 +0000 http://www.bottomlineslc.com/?p=77#comment-46 Sorry I didn't respond to this earlier, Gary, and probably your church/school administrators have finalized your fiscal year. But for the record, I agree with you that a July 1 - June 30 fiscal year makes sense for a school, not only because it keeps the natural calendar quarters intact, but because it isn't that important to try to match fiscal accounting periods with teacher contract periods. I can see why the administration likes the convenience of having the teacher contracts fall entirely within a given fiscal year, but there are lots of events, for all business entities, that overlap fiscal periods. It isn't possible, or even terribly important from an accounting perspective, to try to get them all to line up for you nice and neat on the calendar. On the other hand, and for the same reasons. it is not a big deal if they do decide to go with an August 1 - July 31 fiscal year, for exactly the same reasons. If that is what they have chosen to do, it need not be a difficult or complicated adjustment. The principles of accounting will still make it work. Sorry I didn’t respond to this earlier, Gary, and probably your church/school administrators have finalized your fiscal year. But for the record, I agree with you that a July 1 – June 30 fiscal year makes sense for a school, not only because it keeps the natural calendar quarters intact, but because it isn’t that important to try to match fiscal accounting periods with teacher contract periods. I can see why the administration likes the convenience of having the teacher contracts fall entirely within a given fiscal year, but there are lots of events, for all business entities, that overlap fiscal periods. It isn’t possible, or even terribly important from an accounting perspective, to try to get them all to line up for you nice and neat on the calendar. On the other hand, and for the same reasons. it is not a big deal if they do decide to go with an August 1 – July 31 fiscal year, for exactly the same reasons. If that is what they have chosen to do, it need not be a difficult or complicated adjustment. The principles of accounting will still make it work.

]]> Comment on Money Isn’t Everything by Bill Brough http://www.bottomlineslc.com/money-isn%e2%80%99t-everything/comment-page-1/#comment-45 Bill Brough Tue, 16 Aug 2011 16:38:56 +0000 http://www.bottomlineslc.com/?p=234#comment-45 Thanks for your comment, Gordon. You're welcome to come back, any time! Thanks for your comment, Gordon. You’re welcome to come back, any time!

]]> Comment on Money Isn’t Everything by Gordon Smith http://www.bottomlineslc.com/money-isn%e2%80%99t-everything/comment-page-1/#comment-44 Gordon Smith Tue, 16 Aug 2011 14:34:22 +0000 http://www.bottomlineslc.com/?p=234#comment-44 friend great post, learned something, will visit your blog again, thank you for sharing this information friend great post, learned something, will visit your blog again, thank you for sharing this information

]]> Comment on Calendar Year vs. Fiscal Year by Gary Jones http://www.bottomlineslc.com/calendar-year-vs-fiscal-year/comment-page-1/#comment-25 Gary Jones Fri, 29 Oct 2010 21:19:01 +0000 http://www.bottomlineslc.com/?p=77#comment-25 Our church and school are planning to synchronize their fiscal years in order to have common reporting periods and make our audit a little easier. The church currently has a calendar year for its fiscal year and the school has a May 31 fiscal year. It seems that a June 30 fiscal year end makes most since but the school would like for the fiscal year to be July 31 since school starts around August 1 and their teacher contracts are from August 1 to July 31. However, when I look at most schools they end their year on June 30. The school also wants to keep accounting records based on a school year since they are held accountable for the school year. The church and school report financials to the church quarterly and it would be nice to have them report on a natural quarter end such as March 31, June 30, and etc. If we go to a June 30 fiscal year how would you suggest reporting quarterly and annual financial statement? Thank you, Our church and school are planning to synchronize their fiscal years in order to have common reporting periods and make our audit a little easier. The church currently has a calendar year for its fiscal year and the school has a May 31 fiscal year. It seems that a June 30 fiscal year end makes most since but the school would like for the fiscal year to be July 31 since school starts around August 1 and their teacher contracts are from August 1 to July 31. However, when I look at most schools they end their year on June 30. The school also wants to keep accounting records based on a school year since they are held accountable for the school year. The church and school report financials to the church quarterly and it would be nice to have them report on a natural quarter end such as March 31, June 30, and etc. If we go to a June 30 fiscal year how would you suggest reporting quarterly and annual financial statement?

Thank you,

]]> Comment on Charity Begins on Schedule A by Cars4Charities http://www.bottomlineslc.com/charity-begins-on-schedule-a/comment-page-1/#comment-3 Cars4Charities Sat, 06 Feb 2010 15:51:38 +0000 http://www.bottomlineslc.com/?p=113#comment-3 You'll get a minimum $500 tax deduction when you donate a car you no longer use to charity. You can choose from over 1,000 respected charities to donate your car to at Cars4Charities. The act of car donation is easy, free and you can donate car that won't run. When you donate car, you'll help support a worthy cause. You’ll get a minimum $500 tax deduction when you donate a car you no longer use to charity. You can choose from over 1,000 respected charities to donate your car to at Cars4Charities. The act of car donation is easy, free and you can donate car that won’t run. When you donate car, you’ll help support a worthy cause.

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