JMarsh
Former Member
- Joined
- Oct 20, 2018
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Here is one possible explanation for the deletion of the checks. And this next speaks to a creative aspect of how Quickbooks can be used-outside of the norm. Anecdotal, but when I used Quickbooks as an independent contractor, I didn't use it to monitor my bank account or taxes or anything like that, I used it to keep track of a large production budget. And it was very useful in making certain that the client was not exceeding budget in anticipated or estimated expenses. I could then tell the client, you can't spend such and such, or you will exceed your budget. Then we could attempt to increase the budget or nix that expense, before the money was spent.
My sense is that Custom was set up in a similar way to that. And again, won't know until the DA lays out their case on this, but I bet Custom was not monitoring payments, so much as it was monitoring anticipated expenses for each project, and monies owed between Joey and Chase. Again, IF I'm right (and I could be dead wrong), any check written against the Custom account would mess with those numbers. Joey may have been allowing for the Custom account to be used for writing checks, but he didn't want the amounts of those checks to interfere with the estimated (vs actual) expenses that account was set up to monitor.
If that makes any sense...
My sense is that Custom was set up in a similar way to that. And again, won't know until the DA lays out their case on this, but I bet Custom was not monitoring payments, so much as it was monitoring anticipated expenses for each project, and monies owed between Joey and Chase. Again, IF I'm right (and I could be dead wrong), any check written against the Custom account would mess with those numbers. Joey may have been allowing for the Custom account to be used for writing checks, but he didn't want the amounts of those checks to interfere with the estimated (vs actual) expenses that account was set up to monitor.
If that makes any sense...
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