Subject:
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Re: Stick in the mud...
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Newsgroups:
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lugnet.admin.general
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Date:
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Wed, 14 Jun 2000 00:20:55 GMT
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Viewed:
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985 times
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In lugnet.admin.general, Kevin Loch writes:
> In lugnet.admin.general, Todd Lehman writes:
> > In lugnet.admin.general, Kevin Loch writes:
> > > Sounds like a check from Lego Direct to me. I've never heard of such a
> > > thing as a pseudo-personal spending account.
> >
> > I saved a photocopy it's clearly not from Lego Direct. It's from a "LEGO
> > Systems, Inc. Operating Account," whatever an "Operating Account" is. To
> > me it sounds like some kind of special expenses account, but that's
> > speculation.
>
> An "Operating Account" is the primary checking account that businesses use to
> deposit receivables and pay vendors. It is also used to
> pay employee expenses when an expense report is filed.
> Operating Account funds are also periodically transferred into a
> Payroll account, usually managed by a Payroll Company that cuts the payroll
> checks. Checks to contractors can come from either depending on the
> nature of the relationship (1099/W-2/benefits etc).
> The LSI operating account is the only logical place to draw that check from.
> The fact that it was mailed from New York makes sense, if you look at the
> job listings on the LEGO website that were pointed out here before.
> The fact that it was in an envelope with an Enfield return address
> makes sense, since it was probably stock letterhead. Given the above
> facts, and the accompanying letter from Brad, It clearly
> was from Lego Direct (not to be confused with LDMI if such a company
> exists).
I meant that the check per se wasn't from LEGO Direct. The donation (the
money) was apparently from LEGO Direct, since it's how Brad signed the
accompanying letter, but the check itself wasn't from LEGO Direct. Hope that
clears up the confusion.
--Todd
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Message is in Reply To:
 | | Re: Stick in the mud...
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| (...) An "Operating Account" is the primary checking account that businesses use to deposit receivables and pay vendors. It is also used to pay employee expenses when an expense report is filed. Operating Account funds are also periodically (...) (24 years ago, 13-Jun-00, to lugnet.admin.general)
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