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Donations, Groupon and refunds in QuickBooks

While our QuickBooks accountants were answering QuickBooks related questions on Yahoo Answers asked by small business accountants, they came across a few interesting ones regarding how to book income coming from Groupon and donations (the last for a nonprofit organization) or giving customers a refund. We thought to put the answers and questions together in case you find yourselves needing to book similar transactions in your QB accounting business software.

Q1: Customer refund in QuickBooks?
I make a customer receipt for every payment the customer makes. At the end of the day, I go to “record deposits” tab and check every payment; this will make my deposit amount. Sometimes I have to give a cash refund to the customer for the service they have already used and those money was already deposited before. When I make a refund in QuickBooks it does not reduce my deposit amount in the deposit screen. How do I reduce the amount of money in the “record deposit screen”?

A: If you use the “Use Credit To” functionality of a credit memo, it will only allow you to record the refund directly against your bank account, instead of grouping it with other Undeposited Funds. The simplest method to do this would be to create a Journal Entry instead of using the Credit Memo/Refund transaction. You would debit the Income account and credit Undeposited Funds for the amount of the refund. This will then show in the Payments to deposit window as a negative amount. Keep in mind that QuickBooks will not let you make a negative ‘deposit’, however, so you will need to have more to deposit than refund for the day.

Q2: How do you book income Groupon in QuickBooks?
I am a bookkeeper and I have a new client that is using Groupon to promote his business.
Two Questions:
1) I want to book the income as Unearned Revenue and as service is used book that amount as sales. Is that the correct way anyone else is handling Groupon Revenue?
2) What if the Groupon is not redeemed, the amount I assume stays in Unearned Revenue, but what if they customer never shows or uses the Groupon?

A: I would recommend treating the Groupon similar to a gift certificate. You can create another charge item and link it to a liability account. If the customer never redeems the Groupon, then you would move the amount from the liability to income. Keep in mind that you would have to reverse this transaction if the customer ever did show up.

Q3: Can you use Intuit QuickBook as a donation method?
I work at a non-profit charter school. We use QuickBooks for employee paychecks and use QuickBooks for an after school program for requesting payment. The payment is through QuickBooks. The parents get an invoice and they pay that payment through a billpay.quickbooks.com link.
We want to set up a similar method for people want to do donations. Can we do this? So instead of payments, it would be a donation account? A separate account where this money goes?

A: QuickBooks can track donations to a separate account, but you would first have to create an invoice for the amount in order for it to show up on billpay.quickbooks.com.
There is a preference you can turn on that will let you select which account a payment is going to be going to (by default, it’s Undeposited Funds). You can specify a separate bank account for any donation payments received.

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Self-Pleasuring and Roommates: Working It Out

For the vast majority of men, self-pleasuring is a part of their lives. They may not self-stimulate every day or every week, but they like to know that when they have “the itch” they can take care of it. Unfortunately, in cases when guys are roommates, this can sometimes create a problem. Working out how roommates feel about and handle self-pleasuring is essential so the parties involved can continue to incorporate self-pleasuring as part of their male organ care routines.

Not always a problem

Of course, just because two dudes are roommates doesn’t mean that self-gratifying is going to be a problem. For example, if each guy has his own room – and therefore some guaranteed privacy – the issue may not be so important. Simply locking the door while self-indulging may be all that is required. If the doors don’t lock, they can set up a rule about knocking and waiting to be invited in instead.

This assumes, of course, that the roommates in question would find it a problem to walk in on one another self-fondling. Some guys don’t; they accept that they’re both going to self-gratify and don’t care if they’re “caught in the act.”

Ways to deal with it

But not all guys are so comfortable with their own self-pleasuring or with witnessing another guy in the act. And very often, especially in college or in big cities where rents are astronomical, two guys may be sharing one room, rather than having their own separate spaces with doors and locks.

In such situations, it pays to set up some ground rules. Even though it may be uncomfortable, one of the roommates needs to say, “Let’s talk about what we want to do when one of us wants to self-pleasure.” Although this can be difficult, it often can be rewarding. Some guys (though not all) find it really helps to talk openly about self-stimulating with someone else who acknowledges that they do the same thing.

Here are some of the basic options guys can consider:

• They’re going to be open and honest about it. Both guys acknowledge that they like to self-gratify and each one will do so whenever he feels like it. If watching adult videos on the computer is part of a guy’s session, they can set up rules about using headphones or earbuds to keep things quiet. And if one roommate needs to concentrate and finds the other’s self-pleasuring distracting, he’ll let his roomie know so he can delay his gratification till later.

• They’ll utilize the bathroom (and lock the door). This provides sufficient privacy for both roommates, but this arrangement may need some refinement. For example, if a roommate is into really long, extended self-pleasuring sessions, a time limit may need to be set or he may need to accept that he will be interrupted if nature calls for the other guy.

• They’ll put a sock on the door – or arrange some other signal that says “I’m self-fondling.” If one guy arrives home and sees the signal, he’ll know to delay his arrival so that he doesn’t interrupt. It’s probably a good idea to then send a text asking to know when the coast is clear – in case the roommate forgets to take down the signal when he’s through.

• They’ll be quiet. For some guys, the easiest way is just to self-pleasure after the lights go out and hope that they’re quiet enough that the other guy doesn’t notice. This has worked for countless roomies throughout the ages.

Whatever arrangement roommates come to regarding self-pleasuring, they need to make sure that their fondness for this enjoyable activity doesn’t lead to them being too rough. Guys can help protect their members from aggressive handling by daily use of a superior male organ health crème (health professionals recommend Man1 Man Oil, which is clinically proven mild and safe for skin). Select a crème with moisturizing ingredients like Shea butter and vitamin E to protect the skin. The crème should also include L-carnitine, which is neuroprotective and helps restore lost sensation due to rough use.

Visit http://www.menshealthfirst.com for additional information on most common male organ health issues, tips on improving manhood sensitivity and what to do to maintain a healthy member. John Dugan is a professional writer who specializes in men’s health issues and is an ongoing contributing writer to numerous websites.

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Textile Fibres

CLASSIFICATION OF TEXTILE FIBERS

Fibers are classified by their chemical origin, falling into two groups or families: natural fibers and manufactured fibers. Manufactured fibers are also referred to as man made or synthetic fibers. The classification system used in the United States is dictated by the Textile Fiber Products Identification Act (TFPIA). Figure 1 gives a breakdown of textile fibers by these groupings, and the Appendix compares the properties of some of the most commonly used fibers.

2.1 Natural Fibers
Natural fibers are those that occur in fiber form in nature. Traditionally, natural fiber sources are broken down into animal, plant, or mineral. Fibers from plant or vegetable sources are more properly referred to as cellulose-based and can be further classified by plant source. They may be separated from the plant stalk, stem, leaf, or seed. Fibers from animal sources are more properly known as protein-based fibers. They are harvested from an animal or removed from a cocoon or web. Mineral fibers are those that are mined from the earth. Except for silk, all natural cellulose- and protein-based fibers are obtained in short lengths and are called staple fibers. Silk is a continuous filament fiber.

A class name for various genera of fibers (including filaments) of:
(1) animal (i.e.,silk fiber, wool fiber)
(2) mineral (i.e., asbestos fiber) or
(3) vegetable origin (i.e., cotton. flex, jute and ramie fiber).

2.2 Man made Fibers
Man made fibers, such as nylon, polyester, and rayon, are produced by chemical reactions controlled by people, rather than occurring naturally. The term synthetic fibers is often used to designate man made fibers; however, to many people, this term has a negative connotation, meaning inauthentic, artificial, or fake. TFPIA classifies man made or manufactured fibers by generic names. Currently, TFPIAN recognizes 26 generic groups of manmade fibers.

(1) Polymers synthesized from chemical compounds, e.g., polyethylene fiber, polyurethane fiber, and polyvinyl fibers;
(2) Modified or transformed natural polymers, e.g., alginic and cellulose-based fibers such as rayons fiber; and
(3) Minerals, e.g., glasses. The term manufactured usually refers to all chemically produced fibers to distinguish them from the truly natural fibers such as cotton, wool, silk, flax, etc.e.g: glass fiber

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