catch up on books

[chadwhitacre]

This is a meta-ticket for all the months we need to catch up on, going back to the beginning.

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• 2012-06—account for 2012-06 #1
• 2012-07—account for 2012-07 #2
• 2012-08—account for 2012-08 #6
• 2012-09
• 2012-10
• 2012-11
• 2012-12
• 2013-01
• 2013-02
• 2013-03
• 2013-04
• 2013-05
• FY2013

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• 2013-06
• 2013-07
• 2013-08
• 2013-09
• 2013-10
• 2013-11
• 2013-12
• 2014-01
• 2014-02
• 2014-03
• 2014-04
• 2014-05
• FY2014

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• 2014-06
• 2014-07
• 2014-08
• 2014-09
• 2014-10
• 2014-11
• 2014-12
• 2015-01
• 2015-02
• 2015-03
• 2015-04
• 2015-05
• FY2015

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• 2015-06
• 2015-07
• 2015-08
• 2015-09
• 2015-10
• 2015-11
• 2015-12
• 2016-01—account for 2016-01 #14
• 2016-02
• 2016-03
• 2016-04
• 2016-05
• FY2016

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• 2016-06
• 2016-07
• 2016-08
• 2016-09
• 2016-10
• 2016-11—account for 2016-11 #30
• 2016-12—account for 2016-12 #31
• 2017-01—account for 2017-01 #44
• 2017-02
• 2017-03
• 2017-04
• 2017-05
• FY2017

[chadwhitacre]

@kaguillera and I are thinking that we should do a review/audit after each year, rather than waiting until we're totally caught up and reviewing four years at once.

[chadwhitacre]

to: CPA

Thanks for putting us on the right track this morning, Peter. Good to be able to proceed with confidence. For the record, here are our meeting notes. We may have a question or two as we implement our plan, I'll follow up as necessary.

One immediate question: Kwesi and I were thinking we should review or audit a year at a time rather than waiting to audit all four years of backlog at once. Does that sound right to you?

[chadwhitacre]

[chadwhitacre]

Are we talking about a CPA review/audit per year? If so, I would rather you save on the charges if not necessary. Any third party will inquire only for most recent audit/review as opposed to historical. Unless you must do this to satisfy a grant or other need, then let’s discuss having to do this.

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Thanks for the recommendation. We have two main goals here:

1. To assure ourselves that we haven't mismanaged our escrow.
2. To demonstrate our soundness to current and potential customers.

I'm open to the idea that we don't need an audit for past years in order to accomplish our goals, though we'd need an estimate in order to look at the cost/benefit.

Of course, at our current pace, we may have FY2016 or even FY2017 under our belts before we finish reconciling FY2013 (by the way, we decided to go with a June 1 fiscal year, to sync with the start of our books and set us up for an off-season audit). In that case, it'd be easy to decide to start with the later year.

Perhaps we can revisit the question when we get closer to having our first full year reconciled one way or another?

[chadwhitacre]

Sounds good Chad. Thanks