Scott Gottlieb, CPA


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NEWS BYTES
July 1998

Editor: Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA


The Year 2000

In May's Newsletter, I discussed what the Y2K problem was, In June, how you could be affected.  This month - How to try to protect your business.

Awareness

1. Define the Y2K issue and the potential impact on the business

2. Outline objectives for compliance, general strategy, and timeline.

3. Create a Y2K team to lead and coordinate efforts

Survey

1. Conduct an inventory of all computers, software, equipment inventory, preventive maintenance lists, and vendor service contracts.

2. Identify potential computer and building systems, and equipment at risk for the Y2K problem.

3. For each computer, software, and piece of equipment assess the risk of the Y2K failure and the impact on the organization of the failure.

Strategy

1. Rank the risks and impact on the organization from high to low.

2. Develop a solution for each system. Assign in-house engineers, technicians, or power users to develop a solution.

3. Determine the cost of the solutions

4. Prepare an overall plan and budget for Y2K redemption

I will address this issue further in my 1999 newsletters.  If you have anything you would like to add, please email your comments to me.

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Accounting Software tips of the month
Backup Corruption with Backup Exec


If your firm is using Backup Exec for Windows NT, Seagate Software has issued a patch to fix a problem that created an unrestorable backup set if a corrupt file were encountered.  It would fail for any file past the corrupt one.  That patch now skips the corrupt file.  You can obtain the patch at http://www.seagatesoftware.com/bewinnt/updates.

 

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The materials on this Web site are for informational purposes only and are not intended and should not be construed as accounting advice. This information is not intended to create, and receipt of it does not constitute, a CPA-Client relationship. You should not act upon this information without seeking counsel from a Certified Public Accountant