Technical

Fiscal Close Accrual and Defer

https://financeandbusiness.ucdavis.edu/systems/kuali/fiscal-close/accrual-defer#def%20exp Accruals: revenue and expense paid next year but belongs to this year Deferred: revenue expense paid this year but belongs to next year Accruals: Accrued Expense (credit side) Used when goods or services are received this fiscal year and will be paid for next fiscal year. This is required for items of $10,000 or …

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IRIS to buy Doc.it

Document management software provider Doc.It has been acquired by IRIS Software Group, a provider of accounting software globally. Financial terms of the deal were not disclosed. The buy comes at a time when CPA firms across North America are looking to expand and deploy new services, aided by cloud-enabled technology like Doc.It. Doc.It gives IRIS …

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Murphy’s Laws of Combat

http://www.military-info.com/freebies/murphy.htm Soldiers and Armies You are not Superman. Professionals’ are predictable, but the world is full of amateurs. No combat ready unit has passed inspection. No inspection ready unit has ever passed combat. The side with the fanciest uniforms loses. Murphy was a grunt. Battle If you are short everything except enemy, you’re in combat. …

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