Loan payoff (long term liability)

Posted by Jeff on March 17, 2007, 11:23 am

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Allan (i know everything just don't ask me)Martin-- the super-scary troll
under the bridge-- always ready to pounce on unsuspecting posters-- ooooo
I'm scared and everybody else should be too.
Get a real life Troll
Jeff

> Just in case you did not know. Allan Martin is the price you must pay when

> you want to fead at the public trough.

Posted by Allan Martin on March 17, 2007, 3:54 pm

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Its my bridge dude.

> Allan (i know everything just don't ask me)Martin-- the super-scary troll

> under the bridge-- always ready to pounce on unsuspecting posters-- ooooo

> I'm scared and everybody else should be too.

> Get a real life Troll

> Jeff

>> Just in case you did not know. Allan Martin is the price you must pay

>> when you want to fead at the public trough.

Posted by Macy on March 17, 2007, 11:43 am

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Jimmy, If you want to diy go to a used book store and buy a basic
accounting text. If you have filed a tax return based on the
transactions you described here, you have most likely overstated
depreciation and understated interest expense. As I understand it,
this group is not to explain accounting procedures and principles but
rather how to apply them with QB.

Macy

>> Use the money you saved for an professional accountant. Based on your post

>> you need one.

>That is very helpful advice, but if I wanted to hire an accountant I would.

>What I'd rather do, is run and manage my business myself, and learn along

>the way, hence posting questions to newsgroups such as this. Have I done

>something terribly wrong in the accounting procedures I've described? If so,

>why not explain where I have erred rather than a pointless and uncalled for

>attack on my knowledge of accounting. You have not aided me, nor anyone else

>who might read this thread at a later time while attempting to ascertain

>some accounting knowledge for themselves. In other words, if you don't want

>to share an answer with the group, then keep your comments to yourself.

Posted by Allan Martin on March 17, 2007, 4:01 pm

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> Jimmy, If you want to diy go to a used book store and buy a basic

> accounting text. If you have filed a tax return based on the

> transactions you described here, you have most likely overstated

> depreciation and understated interest expense. As I understand it,

> this group is not to explain accounting procedures and principles but

> rather how to apply them with QB.

Thank you Macy,

That is why I sugested our boy Jim Bo seek out a professional.

> Macy

>>>

>>> Use the money you saved for an professional accountant. Based on your

>>> post

>>> you need one.

>>>

>>That is very helpful advice, but if I wanted to hire an accountant I

>>would.

>>What I'd rather do, is run and manage my business myself, and learn along

>>the way, hence posting questions to newsgroups such as this. Have I done

>>something terribly wrong in the accounting procedures I've described? If

>>so,

>>why not explain where I have erred rather than a pointless and uncalled

>>for

>>attack on my knowledge of accounting. You have not aided me, nor anyone

>>else

>>who might read this thread at a later time while attempting to ascertain

>>some accounting knowledge for themselves. In other words, if you don't

>>want

>>to share an answer with the group, then keep your comments to yourself.