Becky Smith
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Posted ACCOUNTING BEGINS WITH A, D, C (Account, Debits and Credits) to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
My Dad was a chemistry teacher and part of his teaching method included applying other areas of study to chemistry. He would explain that chemistry was not a subject unto itself. It also includes writing and solving math problems. He...
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Commented on Horse Sense: Enjoy the Kentucky Derby--and Keep it in Perspective.
Bravo! I can remember a few years back when I was in Indiana and wanted to place a bet on the Derby. My friends took me to a local OTB. To this day I have never felt more sorry for...
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Posted How to record prepaid expenses to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
Expenses that are purchased and paid for in advance are classified as prepaid expenses. For example, a horse stable may purchase fire insurance to protect the business from unforeseen occurrences. The following will show how to account for a fire...
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Posted Gambling Winnings and Taxes to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
A former co-worker of mine has a son who was asked to tell his teacher what the four seasons are. He said, "Summer, Fall, Winter and Tax Season!" ...
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Posted K.I.S.S. - Keep it Simple, Sweetie. to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
Recently, I worked on a software customization project in preparation for implementing new software. I realized rather quickly that the input methods that were being used were a bit confusing. The data entry process had too many paths. People who...
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Posted Springtime Memories to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
I love springime, don't you? I have more energy, the snow goes away, and I can ride in an outdoor arena again. I have been working on some great blogs and promise to publish them soon. In the meantime, please tell...
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Posted Dear Santa, I Want a Pony for Christmas to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
Dear Santa, I Want a Pony for Christmas. Thank you,Bonnie from Greenwood Dear Bonnie, Taking care of a pony is something very special, but it is a big job. You were very good this year and you deserve a...
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Posted Care, Custody and Control: the Three Cs of Sales Tax to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
Many New York State commercial horse boarding facility owners do not know that the majority of their boarding services are taxable. This means that facility owners must charge and collect sales tax from their boarding customers. Penalties, interest and in...
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Posted Rein In Cash Reconciliations to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
Friends of mine owned a business and they kept their financial records on QuickBooks. Every month when they received their bank statement, they opened up QuickBooks on their computer and reconciled their cash transactions with their bank statement. Because they...
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Posted Say "Whoa!" to Fraud! to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
Have you ever watched a Western movie and noticed the cooks? Ok, I have to admit I found the horses a lot more interesting. However, the cooks had the power of the triangle. They would ring the wrought iron triangle...
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Posted Cash is King to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
The expression, "Cash is King," has been around a long time, and for good reason: Cash is the first asset listed on a balance sheet (see definition below). Hence it is the leader (King) of all other accounts. In chess,...
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Posted Math, Music and Horses to Equilizer: Saratoga Horse Lovers Blog By Becky Smith
What in the world do math, music and horses have in common? A few words that come to mind are rhythm, footfalls, drill teams, dressage, number of strides, timing, counting... I get goose bumps watching dressage riders and their steeds...
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BECKY SMITH
Becky Smith has a rich background in music, business, accounting and equestrian studies—just some of the experiences and interests that she brings to the table in her role as blogger here on Saratoga.com. Her passionate love for all equines has drawn her close to the species, in an intuitive way that helps her truly understand the horses she encounters in her various volunteer and professional efforts. Her passion started at a young age when she relished jumping vegetable crates with her stick horse on the front lawn of her family’s farm. It wasn't long before she graduated to riding a real, live horse named Candy Lane. From there she moved up to showing her pony, Flash and horse, Karib. Becky is fascinated with all aspects of the horse world. She has experience with western, English, jumping, dressage, Centered Riding and gymkhana—and every day discovers new disciplines and breeds, adding to her storehouse of knowledge and enthusiasm.
Becky has worked in accounting for over 10 years, and envisions growing her business, Equiccount, to serve and advise those who, like herself, love horses—but who may not have her business acumen. Her connection to the horse and understanding of horse people sets Equiccount and Becky apart from other business advisors who may not get the spirit of equine business with as much depth. Many accountants love accounting. All horse people love horses. Becky feels passionately about both, and so brings fresh insight to the intersection where the two worlds meet. Her blog will help readers grow their own equine businesses, while gaining knowledge of basic business and accounting principles as taught from a compassionate standpoint. In other words, she gets it that readers may be bored to tears by the nuts and bolts of accounting and business. And that's OK, too: as long as she gets it, advisees can hand the reins to her and know that they'll get a smooth ride, and clear every obstacle on the course.
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