Accounting, Payroll & Pension Issues/Expert Profile


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Expertise

General accounting and bookkeeping questions. Specific questions pertaining to: monthly bookkeeping, preparing financial reports; reconciling accounts.

I cannot answer questions pertaining to pension or retirement planning.

This is not a forum to have homework answered. Please do your own homework.

Experience in the area

30 years' experience doing tax and accounting work

Education/Credentials

MPA from Univ. of Texas at Austin, MBA Golden Gate Univ, San Francisco CA

What do you like about this subject?

Accounting is information for the small business owner. If your information is better, your business decisions should be better, then your business can become more profitable.

What do you still hope to achieve/learn in this field?

Often small business get into trouble or fail due to lack of information about their business. The more information a small business owner has, the more likely the business will succeed.

Something interesting about this subject that others may not know:

Simply looking at the amount of cash a small business earns may not necessarily provide all the information a small business owner needs.

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Recent Answers from Arthur Naman

2016-10-18 Accounting Category:

Sorry it took so long to get back to you.    When you sell a product, the cost of the product typically includes packaging. Accordingly, boxes, ribbons, bubble wrap, etc. shoud be included as a cost component

2016-08-22 Ref: question:

First, this forum is a place for bookkeeopng and accounting questiions as oipposed toi tax questioins like this.    Having said that, generally the income from a commonly owned piece of property is split

2016-07-05 question:

Yes, there are.     1.   Be sure the checking accounts are reconciled. In fact, be sure all accounts are reconciled.  2.   Most balance sheet accounts have original documents which are paper. For example

2016-04-12 Accounting error:

Yes, I would tell your CPA about it.      As to whether it will be resolved, I do not know exactly what to tell you - can you not just move the funds between accounts to correct the error??     If you

2016-02-12 Accounting Question:

From an accounting viewpoint,  that type of expense would, I think, be considered "rent."    I think what you are really asking is whether or not that type of an expense is a valid deduction on the annual

 

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