Music Trade Review
Issue: 1900 Vol. 30 N. 2 - Page 23
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
And it is just at this moment that its
value changes and it occasions a loss to the
business—just here that it fails to return a
new dollar for an old one. The trouble is,
however, that the entry looks as innocent
as the rest of its fellows and there is noth-
ing in its appearance to indicate its short-
comings.
Here, then, is where the accountant
must get in his work. I hold it of extreme
importance that the cost of all work done
for a price should be ascertained as near
to the time the bill is rendered as possible—-
before it is rendered is best, of course, but
when this is not possible, as soon after as
it can be managed. By thus getting the
facts together, when they are all fresh in
everybody's mind, the occurrence of sim-
ilar leaks is prevented in the future.
I have myself seen a case where the
same piece of work was done three times
in succession at a loss because the cost was
not ascertained in the first place, and when
the job came along again it was accepted
twice afterwards at the old figure because
nobody thought of such a thing as its not
having paid in the first place.
The foregoing was read before a meet-
ing of the Hartford Chapter of the Insti-
No. i. SWELL END, STYLE H.
The Poole Piano Co., of Boston, have gradually worked their way to a foremost tute of Accounts, by James W. Green, and
place in the matter of productions that are reliable in manufacture and especially it provides food for thought for piano and
attractive in case architecture. An instrument which dealers have found to be an organ manufacturers.
unusually quick seller is that pictured above. It is up-to-date in all details—a piano
James & Holmstrom.
that is bound to attract attention more than once. In it are embodied all those special
improvements for which the Poole pianos are noted, while its tone is thoroughly musical
When The Review called at the James
and sympathetic. Style H is an instrument it will pay dealers to investigate—better & Holmstrom factory yesterday, one of
still to handle. It is made in mahogany, walnut and oak cases.
the firm's famous Baby Grands—"the
amiliar with business transactions under - Small Piano with a Big Tone"—was re-
When Losses Occur.
stands them—or understands their effect— ceiving its final touches before shipment,
Nobody wants anything to do with as soon as he sees the entries, and, if he and presented a decidedly attractive ap-
losses. Nobody wants to talk about them, considers himself anything of an expert, pearance. Such instruments as the James
and, above all, nobody wants to be held they are among the first things he looks at. & Holmstrom Baby Grand are a credit to
responsible for them. Consequently, the Such losses, therefore, cannot escape the any firm. It is keeping well within bounds
analysis of losses and the display of their notice of those responsible for the safe to say that the dealer who handles such an
whys and wherefores is always a disagree- conduct of the business, and are sure to instrument does himself infinite credit
occasion discussion, investigation and pro- and deserves unstinted praise for good
able though highly important duty.
posals
for preventing their repetition in sense and sound judgment.
At what particular time does a loss occur?
the
future.
Losses in business may be roughly divided
Hagen & Ruefer Values.
into three classes: First, those in which
The discussion then narrows itself down
the price agreed upon is less than the cost to losses of the first class, viz., those caused
Dealers who are on the lookout for
at which contract is finally completed; by the contract price of a piece of work thoroughly up-to-date pianos should cul-
second, those caused by a reduction in a being less than the cost of its production. tivate a better acquaintance with those
bill after it has once been rendered; and At what particular time does such a loss made by Hagen & Ruefer, of Peterboro,
third, those caused by the failure of the occur ? Manifestly, at the time the bill is N. H. All who have handled them are
debtor to meet his obligations.
rendered and the amount placed on the unanimous in affirming that they are highly
This last class of losses belongs to what sales book, for up to that time, any state- satisfactory in every particular. There
is usually termed the "commercial end" ment of the assets and liabilities of the are no complaints received from pur-
of the business, and may be said to occur, business would class this particular piece chasers of the Hagen & Ruefer. They
so far as the books of the business are con- of work as a part of the unfinished orders are well built and contain a scale that
cerned, as soon as the loss is credited or work in process.
pleases. Taken altogether, they are values
to the debtor's account. The other two
At such times it would naturally be in- that cannot be overlooked by anyone desir-
classes of losses belong to the manufactur- cluded in the assets at its actual cost and ous of making money in this year of grace
ing end of the business. The losses here would, therefore, have no effect whatever 1900.
may be said to occur in the first class as on the profit and loss account, although
soon as the bill is entered on the sales even at that time its cost might already
Kohler & Campbell have started the new
book, and in the second class as soon as be far in excess of the agreed price. As year in lively fashion, with lots of orders
the reduction is credited to the debtor.
soon as it is billed, however, it ceases to in hand and a big force in every depart-
be
a part of the work in process and be- ment. The business of this firm is rapid-
Both the second and third classes of
comes
an asset among the accounts re- ly increasing and their prospect for 1900 is
losses are plain to see. They stand out by
exceedingly bright.
themselves on the books. Anybody at all ceivable.
One of the Quick Selling Artistic Poole Pianos.
POOLE
PIANOS
Precious, Perfect, Peerless
As to Tone, Touch, Design,
Durability and Value. . . .
5 a n d 7 A P P L E T O N S T R E E T , BOSTON, M A S S .
THE MUSIC TRADE REVIEW
And it is just at this moment that its
value changes and it occasions a loss to the
business—just here that it fails to return a
new dollar for an old one. The trouble is,
however, that the entry looks as innocent
as the rest of its fellows and there is noth-
ing in its appearance to indicate its short-
comings.
Here, then, is where the accountant
must get in his work. I hold it of extreme
importance that the cost of all work done
for a price should be ascertained as near
to the time the bill is rendered as possible—-
before it is rendered is best, of course, but
when this is not possible, as soon after as
it can be managed. By thus getting the
facts together, when they are all fresh in
everybody's mind, the occurrence of sim-
ilar leaks is prevented in the future.
I have myself seen a case where the
same piece of work was done three times
in succession at a loss because the cost was
not ascertained in the first place, and when
the job came along again it was accepted
twice afterwards at the old figure because
nobody thought of such a thing as its not
having paid in the first place.
The foregoing was read before a meet-
ing of the Hartford Chapter of the Insti-
No. i. SWELL END, STYLE H.
The Poole Piano Co., of Boston, have gradually worked their way to a foremost tute of Accounts, by James W. Green, and
place in the matter of productions that are reliable in manufacture and especially it provides food for thought for piano and
attractive in case architecture. An instrument which dealers have found to be an organ manufacturers.
unusually quick seller is that pictured above. It is up-to-date in all details—a piano
James & Holmstrom.
that is bound to attract attention more than once. In it are embodied all those special
improvements for which the Poole pianos are noted, while its tone is thoroughly musical
When The Review called at the James
and sympathetic. Style H is an instrument it will pay dealers to investigate—better & Holmstrom factory yesterday, one of
still to handle. It is made in mahogany, walnut and oak cases.
the firm's famous Baby Grands—"the
amiliar with business transactions under - Small Piano with a Big Tone"—was re-
When Losses Occur.
stands them—or understands their effect— ceiving its final touches before shipment,
Nobody wants anything to do with as soon as he sees the entries, and, if he and presented a decidedly attractive ap-
losses. Nobody wants to talk about them, considers himself anything of an expert, pearance. Such instruments as the James
and, above all, nobody wants to be held they are among the first things he looks at. & Holmstrom Baby Grand are a credit to
responsible for them. Consequently, the Such losses, therefore, cannot escape the any firm. It is keeping well within bounds
analysis of losses and the display of their notice of those responsible for the safe to say that the dealer who handles such an
whys and wherefores is always a disagree- conduct of the business, and are sure to instrument does himself infinite credit
occasion discussion, investigation and pro- and deserves unstinted praise for good
able though highly important duty.
posals
for preventing their repetition in sense and sound judgment.
At what particular time does a loss occur?
the
future.
Losses in business may be roughly divided
Hagen & Ruefer Values.
into three classes: First, those in which
The discussion then narrows itself down
the price agreed upon is less than the cost to losses of the first class, viz., those caused
Dealers who are on the lookout for
at which contract is finally completed; by the contract price of a piece of work thoroughly up-to-date pianos should cul-
second, those caused by a reduction in a being less than the cost of its production. tivate a better acquaintance with those
bill after it has once been rendered; and At what particular time does such a loss made by Hagen & Ruefer, of Peterboro,
third, those caused by the failure of the occur ? Manifestly, at the time the bill is N. H. All who have handled them are
debtor to meet his obligations.
rendered and the amount placed on the unanimous in affirming that they are highly
This last class of losses belongs to what sales book, for up to that time, any state- satisfactory in every particular. There
is usually termed the "commercial end" ment of the assets and liabilities of the are no complaints received from pur-
of the business, and may be said to occur, business would class this particular piece chasers of the Hagen & Ruefer. They
so far as the books of the business are con- of work as a part of the unfinished orders are well built and contain a scale that
cerned, as soon as the loss is credited or work in process.
pleases. Taken altogether, they are values
to the debtor's account. The other two
At such times it would naturally be in- that cannot be overlooked by anyone desir-
classes of losses belong to the manufactur- cluded in the assets at its actual cost and ous of making money in this year of grace
ing end of the business. The losses here would, therefore, have no effect whatever 1900.
may be said to occur in the first class as on the profit and loss account, although
soon as the bill is entered on the sales even at that time its cost might already
Kohler & Campbell have started the new
book, and in the second class as soon as be far in excess of the agreed price. As year in lively fashion, with lots of orders
the reduction is credited to the debtor.
soon as it is billed, however, it ceases to in hand and a big force in every depart-
be
a part of the work in process and be- ment. The business of this firm is rapid-
Both the second and third classes of
comes
an asset among the accounts re- ly increasing and their prospect for 1900 is
losses are plain to see. They stand out by
exceedingly bright.
themselves on the books. Anybody at all ceivable.
One of the Quick Selling Artistic Poole Pianos.
POOLE
PIANOS
Precious, Perfect, Peerless
As to Tone, Touch, Design,
Durability and Value. . . .
5 a n d 7 A P P L E T O N S T R E E T , BOSTON, M A S S .
Future scanning projects are planned by the International Arcade Museum Library (IAML).