Comments for Accounting, QuickBooks, and Taxes Written by the Barefoot Accountant http://www.cpa-connecticut.com/blog Accounting, Tax, Bookkeeping, Quickbooks Articles Tue, 03 Aug 2010 01:13:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on The 10 Commandments of CPAs by William Brighenti http://www.cpa-connecticut.com/blog/?p=767&cpage=1#comment-224 William Brighenti Tue, 03 Aug 2010 01:13:38 +0000 http://www.cpa-connecticut.com/blog/?p=767#comment-224 Hi Brett: You are the second person who has requested a copy of that article. I think that I now will have to write it. Please trust me: I have 1,001 excuses available...LOL! Thanks for asking, William Brighenti, CPA <a href="http://www.cpa-connecticut.com/blog/" rel="nofollow">The Barefoot Accountant</a> <a href="http://www.cpa-connecticut.com" rel="nofollow">Accountants CPA Hartford, LLC</a> Hi Brett:

You are the second person who has requested a copy of that article. I think that I now will have to write it. Please trust me: I have 1,001 excuses available…LOL!

Thanks for asking,
William Brighenti, CPA
The Barefoot Accountant
Accountants CPA Hartford, LLC

]]> Comment on The 10 Commandments of CPAs by Brett S. http://www.cpa-connecticut.com/blog/?p=767&cpage=1#comment-223 Brett S. Mon, 02 Aug 2010 21:53:25 +0000 http://www.cpa-connecticut.com/blog/?p=767#comment-223 I can't find the article, “1,001 Excuses to Give to Nonprofit Organizations Asking You to be their Treasurer” I can’t find the article, “1,001 Excuses to Give to Nonprofit Organizations Asking You to be their Treasurer”

]]> Comment on The Barefoot Accountant Welcomes All Accounting, QuickBooks, and Tax Comments and Questions Right Here Under “Comments”. by William Brighenti http://www.cpa-connecticut.com/blog/?p=351&cpage=1#comment-71 William Brighenti Mon, 10 May 2010 20:52:23 +0000 http://www.cpa-connecticut.com/blog/?p=351#comment-71 Hi, Amy. Thank you for your excellent question on the substance of an article that I wrote, <a href="http://www.cpa-connecticut.com/percentage-of-completion.html" rel="nofollow">Percentage-of-Completion Method of Construction Accounting</a> (please click link to be directed to the article). I also wrote an article on how to calculate over/under billings on a WIP Schedule: "<a href="http://www.cpa-connecticut.com/work-in-process-schedule.html" rel="nofollow">How to Prepare a Work-in-Process (WIP) Schedule</a>". The amounts calculated for over/under billings on a WIP schedule refer to the amount(s) that should be reflected on the balance sheet. Consequently, the total amount included on the income statement would be the net adjustments required to reflect those over and under billings on the balance sheet. Hi, Amy.

Thank you for your excellent question on the substance of an article that I wrote, Percentage-of-Completion Method of Construction Accounting (please click link to be directed to the article). I also wrote an article on how to calculate over/under billings on a WIP Schedule: “How to Prepare a Work-in-Process (WIP) Schedule“.

The amounts calculated for over/under billings on a WIP schedule refer to the amount(s) that should be reflected on the balance sheet. Consequently, the total amount included on the income statement would be the net adjustments required to reflect those over and under billings on the balance sheet.

]]> Comment on The Barefoot Accountant Welcomes All Accounting, QuickBooks, and Tax Comments and Questions Right Here Under “Comments”. by Amy 47 http://www.cpa-connecticut.com/blog/?p=351&cpage=1#comment-70 Amy 47 Mon, 10 May 2010 20:10:16 +0000 http://www.cpa-connecticut.com/blog/?p=351#comment-70 In the Percent of Completion Method of accounting a WIP Schedule is generated each month. If a specific revenue account is set up for the over/under billing, would the exact number from the WIP Schedule be reflected in this account on the income statement or would it be a number reflective of the change in over/under billings from last month to this month? In the Percent of Completion Method of accounting a WIP Schedule is
generated each month. If a specific revenue account is set up for
the over/under billing, would the exact number from the WIP Schedule
be reflected in this account on the income statement or would it be
a number reflective of the change in over/under billings from last
month to this month?

]]> Comment on Do you remember the accounting days of old? by William Brighenti http://www.cpa-connecticut.com/blog/?p=487&cpage=1#comment-66 William Brighenti Tue, 04 May 2010 18:36:52 +0000 http://www.cpa-connecticut.com/blog/?p=487#comment-66 Weren't those old timers something? They had so many tricks: some would share them; others took those secret tricks to their graves! LOL. Weren’t those old timers something? They had so many tricks: some would share them; others took those secret tricks to their graves! LOL.

]]> Comment on Do you remember the accounting days of old? by Paul Bjorklund http://www.cpa-connecticut.com/blog/?p=487&cpage=1#comment-65 Paul Bjorklund Tue, 04 May 2010 16:37:45 +0000 http://www.cpa-connecticut.com/blog/?p=487#comment-65 I started in public accounting in 1973. Your description is very accurate. We had an old-timer in our office, Chuck, whose father had been a CPA. Chuck could, in his head, add columns of numbers faster than anyone in the office could, adding machine or not. Mental gymnastics? Thanks for your essay on this. I started in public accounting in 1973. Your description is very accurate. We had an old-timer in our office, Chuck, whose father had been a CPA. Chuck could, in his head, add columns of numbers faster than anyone in the office could, adding machine or not. Mental gymnastics? Thanks for your essay on this.

]]> Comment on An Accounting Firm in Connecticut by re: The Auditors » Blog Archive » A Poem From The “Barefoot Accountant” http://www.cpa-connecticut.com/blog/?p=440&cpage=1#comment-63 re: The Auditors » Blog Archive » A Poem From The “Barefoot Accountant” Sun, 02 May 2010 16:03:35 +0000 http://www.cpa-connecticut.com/blog/?p=440#comment-63 [...] An Accounting Firm in Connecticut What thoughts I have of you tonight, Arthur Andersen, for I reviewed financial statements through dinner hour ad nauseum subconsciously thinking of my audit fee. In my hungry fatigue and looking for adjustments, I examined balance sheet accounts, vouching countless transactions! What errors and irregularities!  Multiple assertions misstated outright!  Loans in the revenues!  Improvements in the expenses, interest in notes payable—and you, Bernard Madoff, what were you doing down in the investments? I saw you, Arthur Andersen, inspecting documents and chastising the accountants. I heard you questioning of each:  Who reconciled bank statements?  Who confirmed receivables?  Are you my Auditor? I wandered in and out of the general ledger, following you, and followed in my imagination by the SEC. We performed audit procedures together in our solitary fancy testing inventory, searching for unrecorded liabilities, and never documenting one test. What are your findings, Arthur Andersen?  The audit needs to be completed.  What opinion have you decided to render? (I touch your audit manual and dream of our odyssey in Accounting Land and feel absurd.) Will we work all night through endless spreadsheets?  The overhead lights add shadows to documents, as darkness descends, hiding our loneliness. Will we work dreaming of the lost firms of public accounting into the wee hours of the morning, back to our silent office? Ah, dear mentor, distinguished auditor, honorable predecessor, retiring across Lethe prior to anti-Sherman’s demise, auditing in Fields of Asphodel and leaving us prey to talons of multinationals, paying gold for sterling opinions tarnished by greed? William Brighenti—The Barefoot Accountant—is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Valuation Analyst, operating an accounting, tax, and QuickBooks consulting firm in Connecticut, Accountants CPA Hartford.  Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky. Born and raised in New Britain, Connecticut, Bill served on the City’s Board of Finance and Taxation as well as its City Plan Commission.  He is a crazed animal lover, feeding any two-legged or four-legged critter traversing through his yard.  His backyard in Berlin, Connecticut has been certified as a habitat suitable for wildlife by the National Wildlife Federation. Easy AdSense by Unreal [...] [...] An Accounting Firm in Connecticut What thoughts I have of you tonight, Arthur Andersen, for I reviewed financial statements through dinner hour ad nauseum subconsciously thinking of my audit fee. In my hungry fatigue and looking for adjustments, I examined balance sheet accounts, vouching countless transactions! What errors and irregularities!  Multiple assertions misstated outright!  Loans in the revenues!  Improvements in the expenses, interest in notes payable—and you, Bernard Madoff, what were you doing down in the investments? I saw you, Arthur Andersen, inspecting documents and chastising the accountants. I heard you questioning of each:  Who reconciled bank statements?  Who confirmed receivables?  Are you my Auditor? I wandered in and out of the general ledger, following you, and followed in my imagination by the SEC. We performed audit procedures together in our solitary fancy testing inventory, searching for unrecorded liabilities, and never documenting one test. What are your findings, Arthur Andersen?  The audit needs to be completed.  What opinion have you decided to render? (I touch your audit manual and dream of our odyssey in Accounting Land and feel absurd.) Will we work all night through endless spreadsheets?  The overhead lights add shadows to documents, as darkness descends, hiding our loneliness. Will we work dreaming of the lost firms of public accounting into the wee hours of the morning, back to our silent office? Ah, dear mentor, distinguished auditor, honorable predecessor, retiring across Lethe prior to anti-Sherman’s demise, auditing in Fields of Asphodel and leaving us prey to talons of multinationals, paying gold for sterling opinions tarnished by greed? William Brighenti—The Barefoot Accountant—is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Valuation Analyst, operating an accounting, tax, and QuickBooks consulting firm in Connecticut, Accountants CPA Hartford.  Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky. Born and raised in New Britain, Connecticut, Bill served on the City’s Board of Finance and Taxation as well as its City Plan Commission.  He is a crazed animal lover, feeding any two-legged or four-legged critter traversing through his yard.  His backyard in Berlin, Connecticut has been certified as a habitat suitable for wildlife by the National Wildlife Federation. Easy AdSense by Unreal [...]

]]> Comment on Why Not a TV Show about CPAs? by William Brighenti http://www.cpa-connecticut.com/blog/?p=326&cpage=1#comment-47 William Brighenti Fri, 16 Apr 2010 20:31:50 +0000 http://www.cpa-connecticut.com/blog/?p=326#comment-47 Unfortunately, I don't look anything like that slick character in the picture; consequently, Warner Brothers would never consider me for any role in any movie or TV show except possibly as a character in Looney Tunes. LOL! I am glad you enjoyed the picture. I still cannot understand why a bean counter has never made it on TV or on the silver screen. CPAs have saved many poor souls from the federal penitentiary. William Brighenti, CPA <a href="http://www.cpa-connecticut.com" rel="nofollow">Accountants CPA Hartford, LLC</a> Unfortunately, I don’t look anything like that slick character in the picture; consequently, Warner Brothers would never consider me for any role in any movie or TV show except possibly as a character in Looney Tunes. LOL!

I am glad you enjoyed the picture. I still cannot understand why a bean counter has never made it on TV or on the silver screen. CPAs have saved many poor souls from the federal penitentiary.

William Brighenti, CPA
Accountants CPA Hartford, LLC

]]> Comment on Why Not a TV Show about CPAs? by Wyatt http://www.cpa-connecticut.com/blog/?p=326&cpage=1#comment-46 Wyatt Fri, 16 Apr 2010 19:11:52 +0000 http://www.cpa-connecticut.com/blog/?p=326#comment-46 I really like the picture! If you send your script to Warner be sure to insist that you are a star in the show as part of the contract. :-) I really like the picture! If you send your script to Warner be sure to insist that you are a star in the show as part of the contract. :-)

]]> Comment on Is accounting really boring, or has virtually the entire human race just been getting it all wrong since the beginning of time?! by William Brighenti http://www.cpa-connecticut.com/blog/?p=254&cpage=1#comment-11 William Brighenti Mon, 08 Feb 2010 01:27:27 +0000 http://www.cpa-connecticut.com/blog/?p=254#comment-11 Geni, Thank you for your very kind and complimentary words. I value your opinion above all others. For a long while you have been a solitary voice calling out for a more human and personal dialogue between practitioner and client in our profession. Geni,

Thank you for your very kind and complimentary words. I value your opinion above all others. For a long while you have been a solitary voice calling out for a more human and personal dialogue between practitioner and client in our profession.

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