Chris writes:
> However such an approach restricts you to accurate accounting
> information on a monthly basis.
It works the same way if you post the tranfers daily. Then it's just
$.21918/day instead of $6.67/month.
--
John Hasler
jhas...@newsguy.com
Elmwood, WI USA
On Mon, May 27, 2013 at 8:32 AM, John Hasler wrote:
> Chris writes:
> > So if I pay $80 for a year of hosting on October 1, you would
> > materialize $20 in income on that year, and $60 the next year. Most of
> > the time this is not really material but there are cases when it could
> > be, since
Chris writes:
> So if I pay $80 for a year of hosting on October 1, you would
> materialize $20 in income on that year, and $60 the next year. Most of
> the time this is not really material but there are cases when it could
> be, since recognizing all income at the beginning of the contract can
> i
Brian writes:
> The real issue is: if the shipment is lost or damaged, who is
> responsible?
Whoever owns the goods at the time the damage occurs.
In practice I've always found that it works well to arrange for the act
of shipment to trigger invoicing.
--
John Hasler
jhas...@newsguy.com
Elmwo
On Mon, May 27, 2013 at 6:16 AM, Brian Wolf wrote:
> Both Chris and Erik have made good points regarding the accounting
> aspect of this issue.
>
> Can someone clarify:
> Does the product transfer ownership to the customer when it is shipped, or
> when received?
>
This depends on who accepts ris
On Mon, May 27, 2013 at 6:33 AM, Brian Wolf wrote:
> The real issue is: if the shipment is lost or damaged, who is
> responsible?
>
Bingo.
> In other words, does shipping itself determine income? Or, is it a
> separate step?
>
It may. On the other hand if I ship you something with an option
The real issue is: if the shipment is
lost or damaged, who is responsible?
In other words, does shipping itself determine income? Or, is it
a separate step?
Thanks.
Brian
Brian Wolf writes:
> Does the product transfer ownership to the customer when it is shipped, or
> when received?
Depends on who pays for the shipping. If the customer pays the shipper
is his agent and receives it on his behalf when you ship. If you pay
the shipper is your agent and the customer
Both Chris and Erik have made good
points regarding the accounting aspect of this issue.
Can someone clarify:
Does the product transfer ownership to the customer when it is
shipped, or when received? Those points in time may be days
apart. Is inco
Hi Chris,
>> Reading the wikipedia page on invoices confirms my understanding of the
position of the invoice document. If you want to receive money in advance,
a proforma invoice can be used, or an order can state pre-payment is
required before shipment will take place.
>>
>> If LSMB could automat
On Sun, May 26, 2013 at 4:01 PM, Erik Huelsmann wrote:
>
> On May 26, 2013 11:59 PM, "Brian Wolf" wrote:
> >
> > >>I am trying to figure out the best way to support easy shipping after
> billing. The big problem right now is that unless and until we
> >>completely re-engineer both the invoice a
My accounting background is limited;
I'm much more familiar with business operations workflow. So I'm
not sure how to answer the question.
Thanks.
Brian
Brian Wolf
On May 26, 2013 11:59 PM, "Brian Wolf" wrote:
>
> >>I am trying to figure out the best way to support easy shipping after
billing. The big problem right now is that unless and until we
>>completely re-engineer both the invoice and order logic, getting a
perfect solution in place is going to be a
>>I am trying to figure out the
best way to support easy shipping after billing. The big problem
right now is that unless and until we >>completely
re-engineer both the invoice and order logic, getting a perfect
solution in place is going to be a prohibitively la
Hi chris,
Answering the mail below has been on my list of things to do for a long
time. I hope to clean out my backlog today.
> I am trying to figure out the best way to support easy shipping after
billing. The big problem right now is that unless and until we completely
re-engineer both the inv
Hi all;
I am trying to figure out the best way to support easy shipping after
billing. The big problem right now is that unless and until we completely
re-engineer both the invoice and order logic, getting a perfect solution in
place is going to be a prohibitively large amount of work. The basic
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