#Accounting

[galaxygolfergirl]

Watcher's Expenses

I didn't major in accounting: I took three classes and it grinded my brain to a fine powder. However, after graduating with a business admin degree, being a former eager fan of their videos, and from a cursory glance over their socials, there's a lot to consider in their spending behavior that really could start racking up costs. Some of these things we've already noticed, but there are other things I'd like to highlight, and I'll try to break it down into the different categories of accounting expenses (if I get something wrong, let me know. I was more concentrated in marketing 🤷‍♀️). I'm not going to hypothesize numbers either, as that would take out more time than I'm willing to afford-- you can assume how much everything costs. Anyways, here's my attempt at being a layman forensic accountant:

Note: All of this is assuming they're operating above board and not engaging in any illegal practices such as money laundering, tax evasion, not paying rent, etc.

Operating Expenses

Payroll: 25+ staff salaries and insurance

Overhead Expenses

CEO/founder salaries

Office space leasing or rent (In L.A, one of the most expensive cities in the US)

Utilities (water, electricity, heating, sanitation, etc.)

Insurance

Advertising Costs

Telephone & Internet service

Cloud Storage or mainframe

Office equipment (furniture, computers, printers, etc.)

Office supplies (paper, pens, printer ink, etc.)

Marketing costs (Social media marketing on Instagram, Youtube, SEO for search engines, Twitter, etc. Designing merchandise and posters, art, etc. )

Human Resources (not sure how equipped they are)

Accounting fees

Property taxes

Legal fees

Licensing fees

Website maintenance (For Watchertv.com, Watcherstuff.com, & Watcherentertainment.com)

Expenses regarding merchandising (whoever they contract or outsource for that)

Inventory costs

Potentially maintenance of company vehicles

Subsequent gas mileage for road trips

Depreciation (pertains to tangible assets like buildings and equipment)

Amortization (intangible assets such as patents and trademarks)

Overhead Travel and Entertainment Costs (I think one of the biggest culprits, evident in their videos and posts)

The travel expenses (flights, train trips, rental cars, etc. For main team and scouts)

Hotel expenses for 7-8 people at least, or potentially more

Breakfasts, lunches and dinners with the crew (whether that's fully on their dime or not, I don't know; Ryan stated they like to cover that for the most part)

Recreational activities (vacation destinations, amusement parks, sporting activities etc.)

The location fees

Extraneous Overhead costs (not sure exactly where these fall under, but another culprit, evident in videos and posts)

Paying for guest appearances

Expensive filming & recording equipment (Cameras, sound equipment, editing software subscriptions, etc.)

The overelaborate sets for Ghost files, Mystery Files, Puppet History, Podcasts etc. (Set dressing: Vintage memorabilia, antiquated tech, vintage furniture, props, etc.)

Kitchen & Cooking supplies/equipment

Office food supply; expensive food and drink purchases for videos

Novelty items or miscellaneous purchases (ex. Ghost hunting equipment, outfits, toys, etc.)

Non-Operating Expenses

These are those expenses that cannot be linked back to operating revenue. One of the most common examples of non-operating expenses is interest expense. This is because while interest is the cost of borrowing money from a creditor or a bank, they are not generating any operating income. This makes interest payments a part of non-operating expenses.

Financial Expenses

Potential loan payments, borrowing from creditors or lenders, bank loans, etc.

Variable Expenses

Hiring a large amount of freelancers, overtime expenditure, commissions, etc.

PR consultations (Not sure if they had this before the scandal)

Extraordinary Expenses

Expenses incurred outside your company’s regular business activities and during a large one-time event or transactions. For example, selling land, disposal of a significant asset, laying off of your employees, unexpected machine repairing or replacement, etc.

Accrued Expenses

When your business has incurred an expense but not yet paid for it.

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(If there's anything else I'm missing, please feel free to add or correct things)

To a novice or a young entrepreneur, this can be very intimidating if you don't have the education or the support to manage it properly. I know it intimidates the hell out of me and I'm still having to fill in the gaps (again, if I've mislabeled or gotten anything wrong here, please let me know). For the artistic or creative entrepreneur, it can be even harder to reconcile the extent of your creative passions with your ability to operate and scale your business at a sustainable rate. That can lead to irresponsible, selfish, and impulsive decisions that could irreparably harm your brand, which is a whole other beast of its own.

My guess at this point is that their overhead and operation expenses are woefully mismanaged; they've made way too many extraneous purchases, and that they had too much confidence in their audience of formerly 2.93 million to make up for the expenses they failed to cover.

It almost seems as if their internal logic was, "If we make more money, we can keep living the expensive lifestyle that we want and make whatever we want without anyone telling us we can't, and we want to do it NOW, sooner rather than later because we don't want wait and compromise our vision." But as you can see, the reality of fulfilling those ambitions is already compromised by the responsibility of running a business.

And I wrote this in another post here, but I'll state it again: Running a business means you need to be educated on how a business can successfully and efficiently operate. Accounting, marketing, social media marketing, public relations, production, etc; these resources and internet of things is available and at your disposal. If they had invested more time in educating themselves on those aspects and not made this decision based on artistic passion (and/or greed), they would have not gotten the response they got.

Being a graphic designer, I know the creative/passionate side of things but I also got a degree/got educated in business because I wanted to understand how to start a company and run it successfully. If they’re having trouble handling the responsibility of doing that, managing production costs, managing overhead expenses, and especially with compensating their 25+ employees, then they should hire professionals that are sympathetic to their creative interests, but have the education and experience to reign in bad decisions like these.

Anyways, thanks for coming to my TedTalk. What a shitshow this has been.

[ik-kudi-da-khwab]

Ye pehela chapter of 12th accounts ko dekhke chakkar aa rha h mkc

[capitalism-and-analytics]

[juliaharrisonsworld]

Will you be my Valentine??? ❤️❤️❤️❤️❤️

Text me on Telegram: @Julia_Harrison

Email or Google chat: juliaharrison8711@gmail.com

[loubella77]

[hellasaddbuthellaaradd]

Haven’t posted in awhile .

Follow me @samthugh_ Instagram

[herigo]

[paying-the-price-everyday]

What do you do to get out of a study slump?

I’m in one and I’m exhausted. :(

First thing to understand is that we're not meant to be productive 24/7.

It might seem counter-intuitive but having clearly defined rest and entertainment time does more for my productivity than any amount of motivation or hard work. When you have time to do the things you want to do, study time is no longer something to resent.

Second, a slump happens for a reason. You need to pause and figure out why you're feeling the way you are and find a method to fix what's wrong. If it's burnout, you need to rest, take some time off and reevaluate your approach to your studies. If it's because you're frustrated with a subject, again stop, find alternative resources that will break a concept down so you can understand it. If you're unsure of the path ahead of you, find someone to talk to about it. A second perspective can help you see things clearer.

Taking the time to sharpen your axe will help you cut down a tree faster and with less effort than hacking at it with a blunt blade.

Third. Sleep. Sleep at least 7-8 hours a day, at a set time. Sleep resets everything and regulates your mood. It's easy to see the negative side of everything when you're tired.

Fourth. Keep two journals. One for you to write about anything you feel or want to get of your chest, and another to keep track and plan your studies. Planning is an important way to take the emotion out of your work. When you have a set number of hours to accomplish a certain reasonable number of tasks, there's no space to be upset or depressed about it. It's just something you have to do. Even if you only complete a few of those tasks, it's still more than doing nothing. After a few days, you'll find yourself wanting to clear the task list.

Fifth. Start early. Working long hours on your study material or assignments just before they are due is guaranteed to make you feel miserable. Consistent work from the start of your semester followed by multiple revisions will ensure you feel confident about your efforts.

Sixth. Realize that you are doing your best. A slump is not a failing, it's your body and mind telling you it needs a break, that something is not right. Don't beat yourself up about it.

[amywillis069]

Wanna take a ride ?

[capitalism-and-analytics]

[juliaharrisonsworld]

Dreaming of a day we can hook up☺️

[loubella77]

[lucidpast]

Monster Accountant Figures, 1974

[herigo]