Squitiro says campaign fund discrepancy is a bookkeeping problem

Mayor Mark Funkhouser’s campaign treasurer — his wife, Gloria Squitiro — acknowledged Wednesday that the couple should have kept a closer eye on how campaign funds were accounted for.

But Squitiro said it’s wrong to conclude that $80,000 is missing from the campaign’s accounts, despite a discrepancy found in spending reports revealed by The Kansas City Star.

“We should have stayed on top of it and we didn’t,” Squitiro said. “That’s completely our fault.”

Squitiro added that she was certain the discrepancies would quickly be reconciled. “I know this will all come out in the wash, because there’s nothing improper,” she said.

However, Squitiro said the bookkeeping problems extend beyond the most recent report. An accountant working as a volunteer for the campaign is trying to reconcile the entire campaign’s finances, which totaled more than $390,000.

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Picking the Right Software Bookkeeping Program

If you are like most small business owners, you know you need a software package that will handle your bookkeeping and accounting needs, you just aren't sure which one makes the most sense. Is it QuickBooks (which has the majority of the market share), Peachtree, Microsoft Money, or one of the other dozen that line the store shelves? And once you do buy a package, what's next? Can you really just plug and play, or are you going to need support?

A good place to find these answers and more is your accountant. He or she should know your business intimately and can recommend the package and features you need. Many accountants have a preference for certain packages, and since they can be a valuable resource after your purchase, listen closely to what they recommend. Consumer Reports can be another valuable resource.

Whether or not you turn to an accountant for advice, take the time to do an analysis of your needs. Do you need to perform high-volume sales orders? Large credit card transactions? Inventory tracking? Write down your requirements in a checklist. Mark which requirements are critical and which ones are just desired.

Making the Purchase
When it comes time to purchase, you can check online sites such as Amazon.com or discount retailers like Best Buy. Because the cost of these packages are rarely more than a couple hundred dollars, it's probably not worth wasting too much time looking for the best deal. Unless you have very specialized needs, it's smart to pick one of the major brands such as Peachtree or Intuit's QuickBooks because these companies will likely be in business (and offering support) for as long as you are in business. They also have extensive online support and a community of advisors that can help you along the way. (Note: Microsoft introduced a new accounting program in 2006, Small Business Accounting, which is probably worth a look. One expert, however, we spoke to called it "awkward.")

Source : http://www.allbusiness.com

Bookkeeping Workshop Offered in Douglas

A fun and friendly course in beginning bookkeeping and accounting designed for individuals and small business owners will be offered in Douglas Nov. 14, by the Wyoming Small Business Development Center (WSBDC) and Eastern Wyoming College (EWC).

“Bookkeeping for Dummies” will be held from 6-9 p.m. on the EWC campus in Douglas. The cost is $20. Register by Nov. 8 by calling EWC at (307) 358-5622.

Leonard Holler, WSBDC regional director and a CPA with more than 30 years of accounting experience, will serve as instructor and discuss the basics of accounting and bookkeeping.

The WSBDC is a partnership program funded by the U.S. Small Business Administration, the Wyoming Business Council, and the University of Wyoming that helps to strengthen Wyoming businesses and create economic growth by providing management assistance, educational programs and helpful resources for Wyoming small businesses and entrepreneurs. For more information call the WSBDC at (307) 234-6683.

Source: http://www.uwyo.edu/

Bookkeeping: Online Diploma

Online diploma programs in bookkeeping are usually designed to prepare students for immediate employment as entry-level bookkeepers. This article gives an overview of the online bookkeeping diploma programs.

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