Lets see how deviant you all are

Plus it is tough to get a true record or how many customers you had. Unlike a store that actually carries inventory or uses materials for services.


Jim, that sounds like a shitty place. I guess the American way of putting people in prison for several years for the possession of a joint pays off as our streets are fairly clean. You'd never see drug dealers in clubs (maybe it is just that I wouldn't go to certain clubs though).

Bingo there's no real way of proving how many people have used the beds, how many bands have rehearsed or how many pool tables have been used in a night.

Very easy way to make money disappear and turn up clean.

you see I am an accountant :P :P :P LOL

explains alot.

In the test books we needed for 1st year it actually told you very basically how to change accounts to make them look better or worse for the taxman and investors.

doubt it would hold up to a proper audit but the fact that they're pretty much showing you off the bat how easy it is to do made me lose alot of faith in it.

btw that little thing about money laundering was actually told by an old college tutor to me. It's not all useless crap you learn there :P

it is just business is all. doesn't mean there is any funny business going on. As a matter of fact, the tax authorities (at least in the US) request numbers that are accounted for different than investors will want to see.

In fact, most companies have several sets of books depending on who will ask to see them.

That is why we also have "audited financials" which are the "official" type.

They do over here too. There is nothing like fiddling about with depreciation to make your profit look lower than it actually is.

Really? - We only have time for one - lol. Apart from the ones that are going to be published, & I guess there are also the ones adjusted for tax purposes, but that doesn't involve fundamental changes to the general ledger.

I suppose you're right. The original entries will remain the same. You do the 'fiddling' afterwards.