The recent economic downturn has most people pretty confused.
We'll continue to address related issues of importance to
accountants in the weeks to come. But in the meantime, it
might just be the small things that count. Check out this
week's story on promoting your business on YouTube for some
quick insights on the usefulness of this site for
entrepreneurs. Also, take a look at Bruce Katcher's tips on the
advantages of operating a business from home. Changes to the
economic Big Picture might seem out of your control, but
looking for ways to improve your own business is always a good idea.
Gail Perry, CPA
The Five Dysfunctions of a Team: A Leadership Fable
by Patrick M. Lencioni
After her first two weeks observing the problems at
DecisionTech, Kathryn Petersen, its new CEO, had more than a
few moments when she wondered if she should have taken the job.
But Kathryn knew there was little chance she would have turned
it down. After all, retirement had made her antsy, and nothing
excited her more than a challenge. What she could not have
known when she accepted the job, however, was just how
dysfunctional her team was, and how team members would
challenge her in ways that no one ever had before.
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Questions & Advice
A company that proposes to install solar panels has computed
the amount of the credit based upon cost before any rebates
that are offered. In my experience, rebates reduce basis and
therefore, reduce the amount of the credit. Are you allowed to
treat the rebates as other income rather than reduce basis?
Add your input!
Check entering complaints
When entering checks in Microsoft Accounting, the current date
always pops up, which means you have to type in the complete
date for each check unless it happens to be the actual date.
Also you cannot type in whether it is a check or an EFT, and
you have to type in each check number, there is no automatic
next number. If someone can help me change the defaults, please do it.
Share your suggestions today!