I love to read and some of my books are my best friends and I
like to revisit them occasionally. I’d recently read an
older book, The Perfect Storm. In both the movie
and the book, the payout from the voyage seems
complicated, and it is.
excerpt caught my attention: They’d been at sea a month
and taken fifteen tons of swordfish. Prices fluctuate
so widely, though, that a sword boat crew often has no
idea how well they’ve done until after the fish is sold…
the Andrea Gail sold her catch to O’Hara Seafoods.
The owner of the boat was reimbursed for pre-trip out of
pocket costs, (fuel, bait, etc.,) right off the top,
then he gets his percentage, normally 50%. Crew
expenses (food, misc.) came out of the remainder, with
the balance split 50% to the captain and other 50% to
the crew, based on their experience level.
It’s a boring little tidbit, but I found it interesting
since we had recently sold QuickBooks Enterprise to a
client who was in the wholesale seafood distribution
business, hence O’Hara by a different name. They were
coming from an old dos-based accounting system and that
was an issue in itself, but they were looking for a
special report to handle the payout to the boat owner,
the captain and crew. It is actually an old report that
the industry users developed back in the pre-computer
days, but their program used to produce the report
from their old system was outdated.
For this report, we couldn’t get Advanced Reporting to
get the data in the format we needed. We designed the
report, using custom fields to hold needed information,
like boat owner, percentage payouts per agreements (no
two are the same) and other trip data. The report is
all driven by a purchase order, which is completed when
the boat returns to the dock. The report displays
information down to the Owner/Captain Split, and is
given to both parties when the checks are generated. Now
insert Krish. Krish is an expert in building customized
applications. He was able
to write the report and at a very ridiculously low
price. Krish sold us forever, which is why he’s on our
Because of the custom fields, far more information is
available for management to analyze information from the
top down or at any level of detail.
If you find that you need information that QuickBooks
can’t provide, contact us. We think outside of the box
and have the people and resources to convert your
accounting wishes to accounting reality.