I need to calculate the interest to be paid on a loan of $300,000 with a term of 4 years where the effective interest rate is 10%, payable monthly in arrears. How do I do this? [more inside]
posted by herschellie
on Aug 22, 2014 -
is closing, and I'm heartbroken. This app takes care of all of my accounts. Credit union, bank, investments, credit cards, amazon card (which mint
can't do), auto loan, mortgage, utilities, subscriptions, everything!
So I need a replacement. [more inside]
posted by notaninja
on May 29, 2014 -
Ok, I went freelance about 4 years ago…and it’s been great.
My problem is this: I spend time avoiding paperwork. I have a small set of tasks that someone could do.
I’d like to hire someone for (at the least) handling invoicing and collections.
What/who am I looking for? Is that a bookkeeper? [more inside]
posted by Towelie
on May 19, 2014 -
I have a job interview this week with a firm using an Oracle SAP accounting environment to track business expenses. While my background is in office administration, I want to be more prepared for this kind of working situation - what can anyone tell me about using this kind of application so I know what I'm talking about on the interview? [more inside]
posted by Lipstick Thespian
on May 1, 2014 -
I am finishing my PhD in the life sciences this year. I do not want to stay in science. I have been debating switching to an accounting career. Difficulty level: bachelor's degree in mathematics, masters degree in biochemistry, phd in pharmacology. But no accounting coursework or direct experience. Also I will be 34 in November.
How realistic of a switch is this and how long will it take me, best case? Advice for what to start doing NOW to make this as efficient as possible?
posted by sickinthehead
on Apr 10, 2014 -
I'm a 30 year old with a BA in psychology working at a bank and hoping to find a new career. I'm trying to find a career path that will give me a decent living without being a workaholic. I am willing to go back to school, but hopefully not for more than 2 or so years. I am willing to take on some debt, but not a ton.
I am considering
1. Human Resources
3. IT / Something with computers
4. Any other good suggestions.
Are any of these a good change for someone my age? I don't want to go back to school only to find out that the field is bad for non 20-somethings. How are prospects for entry-level workers? (I have looked at "official" projections, but would welcome any insider knowledge). Is there anything else that I should consider? [more inside]
posted by aka_anon
on Mar 21, 2014 -
What is the best way to move money between retirement accounts while I am currently employed so that I can access it and minimize penalties when I go back to school? (Many, many details inside) [more inside]
posted by rock'em sock'em puppets
on Feb 27, 2014 -
NameFilter: Looking for a name for a small tax accounting firm that is marketing itself primarily towards artists and other creative types. [more inside]
posted by Jairus
on Feb 5, 2014 -
Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers.
$15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month)
We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth.
What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way.
posted by Paalen
on Jan 24, 2014 -
My husband and I have a small consulting business. I would like to scan all our receipts and then download them into Sage 50 so as to save time when doing our monthly accounting. Do you have any experience doing this? What hardware/software did you use? Did you have to do anything special to be compliant with the CRA? [more inside]
posted by angiep
on Dec 28, 2013 -
We are a retail business, ~10 employees, multiple locations of inventory and some drop-ships. I am looking at both Quickbooks Enterprise and something from the Sage 50 family but can't find anything online that provides a good comparison. Anyone use both? Opinions?
posted by vaaaase
on Nov 19, 2013 -
Could I undergo a training program and be an "accounting assistant" on evenings and weekends during the upcoming tax season? Is there another way to become a part-time accountant? I'm also considering a career transition and wonder if accounting would be a good long-term direction for me. [more inside]
posted by anonymous
on Oct 23, 2013 -
With the help of an accountant, I'm trying to teach myself bookkeeping for our small business. Our business is set up so that we collect *x-amount* when a client reserves our services, then *x-amount* six months before we provide the service, then finally, *x-amount* 30 days before we provide the service. Our accountant is advising us to accept these amounts as prepayments and not generate an invoice until we've received final payment. Basically, even though this money is going into our bank account, it's not showing as income on our income statement until we've received final payment/generated the invoice. Is this the best way to do this? [more inside]
posted by okay-quiet-time
on Oct 20, 2013 -
I'm looking for inexpensive or free resources for learning basic small business accounting from home. [more inside]
posted by moira
on Oct 15, 2013 -
I'm taking over the reins of a small, amateur sports team. Our budget is under $5,000/year, mostly donations solicited from sponsors. How do I manage this money? [more inside]
posted by entropone
on Aug 20, 2013 -
I'm running an event and have been using PayPal for a lot of payment processing for exhibitor booths, workshop fees, and assorted other items of varying amounts. Most items are invoiced, but we have a number that people purchased through PayPal buttons for specific items.
I can't seem to find a way to easily download just a list of particular items that were purchased that includes the customers name. Am I missing something?
Please let me know.
posted by Unsomnambulist
on Aug 2, 2013 -
Accountants of metafilter! Should I attempt to become one of your number?
I have a secretarial gig at a university. I want to continue working at the university for as much of my career as possible, and I'd like more responsibility and challenge. In my current role, I do some proto-accounting stuff unique to this position (some reporting, some tracking of numbers, some fancy work with Excel). I enjoy these parts of my job. This leads me to wonder whether I should get an accounting degree. [more inside]
posted by Frowner
on Jul 31, 2013 -
I have looked at previous questions but truly don't understand what I am actually needing enough to judge suitability. Here's what I have and what I need. I don't know what to track (in the finer sense) or how best to track it but I have a fair bit of money coming in and out and I'd like to know if I am ahead this year and also whether I have (for instance) enough tax room to upgrade stuff that I can write off (ie new Macbook Pro, specific software for my stuff, specific hardware etc.). [more inside]
posted by Brockles
on Jul 26, 2013 -
Is there a regulatory system that applies to accounting similar to ISO? More details inside. [more inside]
posted by cheechman85
on Jul 25, 2013 -
I have a copy of Quickbooks 2012 for Mac that I just put up for sale on ebay. (The program just wasn't for me.)
I am getting a number of inquiries from interested bidders about the transfer of the license of the software.
I do not recall if I ever officially registered the software after i installed it or not. I played around with it for a little bit and decided it wasn't for me. I uninstalled the software and it has sat in a box until I put it up today.
How do I go about ensuring that the software and license have my info removed so that the winning bidder can install it on their computer with little to no hassle?
The Intuit/Quickbooks website offers a lot of contradictory information.
posted by TwilightKid
on Jul 19, 2013 -
My employer has allocated $500/year as a benefit to me for training.
I have not used it yet this year - suggestions?
Areas I'd like to focus on - accounting, excel, QuickBooks, management training. I'm open to other things if they would be useful. [more inside]
posted by sockpuppetfairy
on Jul 18, 2013 -
I am still in school and doing pretty well... close to 4.0 and have two audit internships under my belt. Big 4 is likely an option as are several other Fortune 500 companies in the area and I have connections in the Federal government that can get me a job there.
BUT.... I don't really want to be involved in all of that. I am doing internal audit in a company right now and even though I have the ability to work 60-70 hour weeks the question is "Do I want to be doing this on a regular basis for the next 35 years?" and the answer is "No". I want to have a life outside of work, spend time with my (future) family, and...Start an Accounting business. [more inside]
posted by locussst
on Jul 14, 2013 -
As a small non-profit how should we be making and accounting for bank deposits? [more inside]
posted by Raddu
on Jun 11, 2013 -
I own one third (i.e. approx. 33.3%) of a UK company for which I am also a director. The remainder of the company belongs to a single shareholder. I'm worried that the financial structure of this company means that the company could effectively be 'sold' to a third party without me getting a cent. [more inside]
posted by Zen_is_Lev
on May 7, 2013 -
Before I begin, I know the most popular and reasonable answer will be to learn and use Quickbooks. There is some sort of 'block' in my brain that will not allow me to learn quickbooks and I am content in using a different software to do the simple things I am needing to do...
posted by TwilightKid
on Apr 17, 2013 -
I'm currently looking at adopting Freshbooks or Kashoo, and would be interested in experiences with either, or other recommendations. Context: I'm a few years into freelancing (across a few different industries) and I'm working on improving my accounting, with the goals of easier tax time, smoother day-to-day operations, and better information about cashflow and budgeting. Right now I use Toggl for time tracking, and Mint for expense tracking and budgeting; I like Toggl but I'm not married to it, and Mint is starting to drive me absolutely nuts. I do invoicing and bookkeeping manually. Also welcome would be general tips on bookkeeping and accounting for small businesses / freelancers. I'm on a Mac, in Canada.
posted by sixswitch
on Apr 1, 2013 -
I'll be shooting a feature film in L.A. later this year, and I need some advice about how to handle the business side. I'm hoping that somewhere there's some sort of low-budget service that provides help to people who are new to the process. [more inside]
posted by drjimmy11
on Mar 21, 2013 -
Can anyone recommend simple-to-use, free
, web-based software that can easily reconcile accounts for a small partnership? [more inside]
posted by ajp
on Mar 5, 2013 -
Accounting degree, experienced bookkeeper working for other folks, already know Quickbooks, etc. A small amount of capital ($5-6k) and a current part-time job that pays just enough to cover my expenses, but it's only going to last another year or so. I could go get another bookkeeping job, but I'm sick of making next to nothing and having next to no control over my work. How can I make myself viable as a business? [more inside]
posted by Ex-Wastrel
on Feb 7, 2013 -
Looking for a very robust but reasonably-priced online accounting system for small business [more inside]
posted by Dansaman
on Jan 6, 2013 -
Please recommend podcasts about accounting, economics, or finance. A Canadian focus would be a bonus but not a necessity.
posted by sockpup
on Nov 30, 2012 -
Accounting puzzle: how to log cash transactions for accounts held in a foreign currency? [more inside]
posted by ctmf
on Oct 14, 2012 -
How important is it for me to get an accountant now that I'm earning most of my income as a freelancer? Can I handle taxes on my own? [more inside]
posted by croutonsupafreak
on Oct 2, 2012 -
In a modern accounting system that uses double-entry accounting, I believe each line on an Income Statement reflects one or more GL account period *totals*, correct? Does that also apply to Purchases/Cost Of Goods Sold? [more inside]
posted by edjusted
on Sep 20, 2012 -
It's time for a career change, but I'd like some help confirming if this diploma program in accounting would help me land jobs, despite not having a university degree. [more inside]
posted by anonymous
on Aug 25, 2012 -
How do I stay in touch with people that I meet at networking events at my school and in the Atlanta area (I go to Georgia State)? [more inside]
posted by locussst
on Aug 22, 2012 -
How can I best handle an invoice from an accountant that does not seem reasonable to me? [more inside]
posted by Paquda
on Aug 17, 2012 -
Just how bad is the work/life balance in accounting and related finance careers? [more inside]
posted by Ryogen
on Aug 12, 2012 -
I'm reading the book Monoculture
by FS Michaels, which describes how what the author calls "the economic story," which she sees as dominant in our culture and as having replaced earlier dominant stories rooted in religion and science, is shaping people's work, communities, education, and relationships. In the book, Michaels talks about how "as the economic story spreads to government, a language based on economics develops along with a new way of thinking and reasoning about what goes on in government -- a kind of accounting logic. That accounting logic makes two assumptions: first, that anything and everything your government does can be assessed in terms of what value is added, and second, that the value added can be linked to how much money is spent on the activity in the first place." Etc. My question is: in this context, what does the phrase "accounting logic" mean? [more inside]
posted by Susan PG
on Jul 7, 2012 -
Is it worth it to get an undergrad degree in accounting or finance for the post-graduation salary prospects, even though I might not be interested in the major? (Excessive detail inside!) [more inside]
posted by bumpjump
on Jun 26, 2012 -
I'm seeking recommendations for tax consultants in the UK, or in the US, or maybe both, to figure out where I need to pay taxes. [more inside]
posted by olinerd
on Jun 19, 2012 -
I need a free online bookkeeping / accounting website, can anyone suggest one for a small business? [more inside]
posted by ascetic
on Apr 30, 2012 -