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I mostly started using QuickBooks because my buddy and CPA prefers it. I just bring him a thumb drive with my file for the company, and he does our taxes. He goes through and double checks I did not pull a bonehead move and categorize something wrong.
I recently made a complex report that showed all the expenses of our airplane. Every bottle of oil, and gallon of gas and the insane expensive parts and annual inspections. I wanted to know exactly what we spent to have it, and how many hours the engine ran. I know precisely what it costs per hour to run since we bought it. We can estimate projects costs for our clients and I know we are not overcharging or giving it away.
I am also the treasurer for our local PCA region. I want to 100% sure all records are clear and all spending has a receipt for a legit expense. I don't want any future member to question my term as treasurer.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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