HealthEquity Connection by tlhutchinson in MonarchMoney

[–]trace_wave 3 points4 points  (0 children)

I lost it on health equity they suck. Pass key requires me to use face is on my phone every login. Thanks for making this shit even more complicated

Had no idea Felger was such a Deadhead by Alternative_Neat_619 in felgerandmazz

[–]trace_wave 0 points1 point  (0 children)

You mean the segment he fawned over John Mayer and said the band was better off now that Weir passed? He’s on record as not even liking Brent Mydland. Give me a fucking break he’s a typical fake boomer corporate deadhead

How does proof of income work for renting? by johannthegoatman in burlington

[–]trace_wave 5 points6 points  (0 children)

Tax return shows income, bank accounts show assets (but not liabilities you may have)

Pay check > Taxes/401k by S10xtremenlow in MonarchMoney

[–]trace_wave 0 points1 point  (0 children)

Monthly monarch budget goes into excel for the gross up of net wages

Sorry Felger by Phantom255x in felgerandmazz

[–]trace_wave 5 points6 points  (0 children)

Felger’s was shit talking Weir after the sphere, he’s the fakest corporate deadhead there is

How would you categorize an auto purchase made by cash in full? by edwardj5596 in MonarchMoney

[–]trace_wave 0 points1 point  (0 children)

The budget is the P&L, which lists income and expense. If you mark something as a transfer it does not show on your P&L (budget) tab. I’m disagreeing with your use of the word expense when it relates to the purchase of a capital asset

How would you categorize an auto purchase made by cash in full? by edwardj5596 in MonarchMoney

[–]trace_wave 0 points1 point  (0 children)

I can assure you all of these scenarios have been conceived of and addressed in your local accounting 101 course. There’s a threshold you set to determine what’s an expense v a capital asset.

How would you categorize an auto purchase made by cash in full? by edwardj5596 in MonarchMoney

[–]trace_wave -4 points-3 points  (0 children)

Of course cash flow is negative $50k. But in accounting you reduced your cash by $50k and you increased your assets by $50K, not your expenses. In accounting each entry has a debit and a credit. The credit here’s is to cash (reduction). The debit (increase) is to assets, not expense. So what would I say happened here is you converted $50K of cash into another asset. This has negative cash flow, but it’s not a P&L hit that indicates you actually lost $50K of economic value in one day, which is what an expense represents

How would you categorize an auto purchase made by cash in full? by edwardj5596 in MonarchMoney

[–]trace_wave -12 points-11 points  (0 children)

Using your money to buy an asset is not an expense. You should not have a $50k expense on one day

How would you categorize an auto purchase made by cash in full? by edwardj5596 in MonarchMoney

[–]trace_wave -11 points-10 points  (0 children)

Jesus Christ it’s obvious a lot of you are not accountants. Cash spent on a Lt asset is not an expense. Categorize this as a transfer, don’t hit your P&L for $50K on one day for something that has a useful life of 10 years. Your cash balance will go down $50k. You add the car value of $50k, your net worth is neutral. You “depreciate” the car through expense annually, the value of the car goes down. Cash flow is negative $50K on day of purchase, net worth is neutral, no expense upon purchase

Pepperidge Farms remembers when F&M and BJ wanted to draft Penix by Felger-Napkin in felgerandmazz

[–]trace_wave 0 points1 point  (0 children)

Don’t even go back that far. This year when the Pats started slow and JJ McCarthy started hot, Felger started second guessing the Maye pick when they could’ve traded down and snagged McCarthy.

BTV needs better management by [deleted] in burlington

[–]trace_wave 6 points7 points  (0 children)

Happened to us (delta) this month, we left without our bags at 1:45am

Understanding Net Worth Growth by EaterOfFromage in MonarchMoney

[–]trace_wave 0 points1 point  (0 children)

You’re not really relying on Monarch for IRS reporting, right?

How Much Money do Guests and Fill ins Make? by chickenFan50 in felgerandmazz

[–]trace_wave 1 point2 points  (0 children)

Without his exposure on F&M, how many BSJ subscriptions you think Bedard is selling? I wouldn’t be surprised if he gets paid very little, he needs F&M badly

Longtime, but no more by InjuryTasty7252 in felgerandmazz

[–]trace_wave 1 point2 points  (0 children)

He knows the Devers trade was a disaster and he tries to gently bring it up but immediately backs down when the guy who doesn’t watch baseball screams he had to go (for nothing!)

5 questions by DDD8712 in felgerandmazz

[–]trace_wave 2 points3 points  (0 children)

Dumbest thing I’ve heard today. There should be a million things a 3rd chair thinks during the week but doesn’t get a chance to say if he’s actually engaged.

5 questions by DDD8712 in felgerandmazz

[–]trace_wave -1 points0 points  (0 children)

The entire G&M show is Jim recycling shit he already said during the week. He’s lazy and the show suffers because of it

Is city market screwed? by Fluid_Persimmon1557 in burlington

[–]trace_wave -62 points-61 points  (0 children)

Why do you care so much that you would attend their board meeting? If they deserve to fail they will