Publisher's Note
Since accountants love numbers, here's one you might enjoy. I
had to explain to my son the real differences in "millions,
billions, trillions." To an elementary school student, they're
all quite similar. In his school book it stated this as a
starting point:
* A million seconds is about
11.5 days
* A billion seconds is nearly
32 years
The next time the folks in Washington are kicking out figures
in the millions, billions, and trillions, I might think of this
day/year example from his textbook. (And for the record, a
trillion seconds is just under 31,689 years.)
For those of you immersed in Busy Season, you may be thinking
that either time is flying by or that time is crawling. The
countdown is on! See the clock on the top-right of our home
page.
Rob Nance
Publisher
AccountingWEB, Inc.
publisher@accountingweb.com
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Questions & Advice
Running two businesses out of home
If there are two businesses operating out of home, one is
incorporated the other a LLC, and utility expenses were paid out
of a personal account, how would I enter those expenses into the
software? Would it first of all be split 50/50? I'm not sure
what kind of journal entry to make since it was not paid out of
either business account, but want it to be reflected in the
books. I'm very new to bookkeeping and this is one of my first clients.
Add your input!
Charitable contributions
Can an incorporated business combine personal and business
charitable contributions?
Add your input!
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