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danzig13's comments

danzig13 | 3 years ago

If you're accrual basis like most companies _in the U.S._, you would be obligated to do this and not recognizing would be a finding on an audit. If not, at the end of the year, companies could ship goods out reducing assets, book the corresponding cost of goods sold, and not recognize revenue until the following year.

danzig13 | 3 years ago

Agree that I have no idea how this person is calculating their loss at 100k over their revenue. However, generally as in GAAP, you would recognize revenue on shipment or when a service is rendered because that would be the period in which the revenue was accrued. For example, most companies that sell on terms like NET 30 will invoice AND recognize revenue on shipment; they would not wait until payment is received on the invoice. That is why there are [contra asset]/expense accounts relating to bad debt.

Waiting until funds hit your bank account is cash basis accounting and even in that case, I am not sure how having a third party like Stripe holding the money affects things.

danzig13 | 4 years ago

Branding is a bit of a moat that puts you ahead of other competitors. Literal true story but perhaps a counter example: my wife is considering buying an exercise bike and is trying to choose between Peloton and Beachbody. Everyone online seems to be suggesting she buy the Peloton. She is a little torn, because she already has done non-bike exercises on Beachbody for several years. Peloton has the leg up for the bike, because it has the best branding in that area; however, my wife was at least willing to consider Beachbody, because of her previous experience with their brand.

danzig13 | 4 years ago | on: Virginia Eliminates Accelerated Math Courses

I do get their point from two perspectives: - in my own schooling, I anecdotally heard non-accelerated courses were worthless. Edit: even for the same course - Algebra had a different teacher for accelerated vs non. - Finland achieved its high global rank by pursuing equity first. However, not sure of the international rankings anymore.

danzig13 | 5 years ago

Yes. My first job was ASP.NET Web forms and their APPSTATE really messed this up. Imagine full page reloads WITH state in between reloads.

danzig13 | 6 years ago

Have to agree. Having to think about the selector makes you think about the structure and make things more semantic.

I have been paralyzed by trying to do things the semantic way before too though. And now no one cares according the markup I venture to look at now and then.

danzig13 | 6 years ago

Don’t forget a lot of entrepreneurs fail until they don’t.

danzig13 | 6 years ago | on: What's SAP?

I will say, even with all the problems, even our ERP is capable of quite a few things, and I couldn't fathom rolling my own.

They just don't want you to plug anything of your own into it.

danzig13 | 6 years ago | on: What's SAP?

I have been working for YEARS on an ERP implementation in a custom manufacturing operation practically by myself.

As bad as I'm sure SAP is to deal with, I crave it or anything else (Salesforce?) that has any sort of easy customization, automation API and fosters some sort of community.

A large part of my particular ERP's business model seems to be to make the data model so esoteric that you are forced to go to them for any type of customization at all. Unfortunately, they make a habit of firing any of their halfway decent employees every time they get acquired (4 or 5 times so far).

danzig13 | 6 years ago

I don’t think the intention was to never solve anything though.
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