What's up everybody I'm EvilRabbit and we are here on torque drift to take a look at another pro car to finish off my three cars of the female drifters here on torque drift. So I did pick this car up after getting the other ones from torque drift. Big thank you to them for hooking me up with those and that is that of the Galaxy painted S14 of Kelsey Rowland that Achilles Radial Holtec top one oil, Konegg, DW, ACT, Viren, Sparko, all these sponsors on here. So Kelsey Rowland has been in FD for a little bit of time now getting better and better at every single event definitely excited to see what's to come out this year for the S14. So we're gonna take a look at this S14 today throw it around in some practice maybe try and get some tandem with it see how it is. Now my car is gonna have a little bit more horsepower because I'm running a couple sponsorships that give more boost and torque but for tuning aspects of the S14 we didn't touch anything that involves the engine or stuff the only thing we really did to touch today was increase the steering lock which I was able to get more because of my sponsor in the game so we're running 60-year steering lock otherwise that's pretty much how it sits we haven't changed anything may change up some power pressures if maybe we'll leave it what's the rear at 30 I think we're gonna leave it how it sits and maybe adjusted afterwards 30 and 18 there's a grip factor in the rear too so we're gonna leave that how it is and then we're gonna go throw this car out and see how she slides and see what we can get into with this Galaxy S14 see what do we got we have tunnel edge big M and captain's hook but we're gonna throw this of course the best practice I know Cali banks to run the full Cali banks track and see how this thing does on the banks so we're gonna go to the beginning and we're gonna run the bank just slam it up in a fourth gear good amount of tire wheel spin off the start you break it in would like to be higher up on the bank but we'll do another run it wasn't sure how this car was gonna react so take it easy on the first run out really hard flicks just a tap so now that I have an idea on how this car reacts we're gonna throw a another run here on the bank see if we can't get a better lead run overall a very well handling car the grip levels pretty high actually I was kind of surprised on how high the grip levels on the car and you know throwing it into that bank so we're gonna do this again see if we can't run that bank so first impressions on the car I do like how it handles I love the S14 and I love the S chassis so if you guys have been following the channel for a while you guys know I do drift S chassis in all the games I drive that's more that's better it's a better it's a better wall run we'll scrape on the wall which is in mind I did a little wall tap with the car nice on that wall there we go so it's a very stable car I'm actually very impressed with how stable this thing is right now and definitely liking how this thing drives I will take that run on Cali Bank not the highest scoring run ever but a decent run nonetheless so now we're gonna go and chase and try and chase our own cars if we can't door bang our lead run then we'll probably try and get some tanners with this car so it's only got four gears like most FD cars and pro level cars do kick it in try and suck up to our own door there we go a lot transition there so don't smack into our own car stand a little bit further back than I'd like try and suck up the door there so I do love the wrap on this car it looks amazing the galaxy wrap is definitely a cool cool thing to see we're able to get we're able to get up in there and door bang our own car 50,000 point chase so I will definitely take that that's a very decent chase rod so now we're gonna go check out and see if we can get some tanners with some randoms and throw this car around a little more have some more fun with it definitely cool to have all these pro cars in my fleet we have a slew of pro cars and pro two cars in our fleet of cars so and then of course we've been working on my S14 back couple you guys may have seen it in some online battles we are running the S14 again 677 horse or 1600 and 77 horsepower with a rotary in that thing right now so we're gonna go probably run the captain's hook one of my not so favorite tracks but it's definitely a fun track definitely excited for the new update coming out here soon with you know Miname and all that stuff and all the you know new cars that they're talking about if you guys didn't check that make sure you check out tortures Instagram page and their YouTube for the update for the game devs so we're gonna search we said I have a little bit more horsepower because of the maximum drift cast and the King Wanga oh it looks like we're gonna be doing a straight FD battle right now I don't know how this Dean Carney car is gonna go against Kelsey Rollins this car but we're gonna see we're gonna try our best see what we can do kick it in flick late not as close as I want to be to the wall try and bring this out captain's hook is one of those tracks where you're not exact we will have a problem latter part of the track is definitely better right there it is one of those tracks where if you tab the wall too much you're done you're going right into the barriers and it's just over so we got 91,000 which is a pretty decent run here on captain's hook so pretty excited with that was able to wall tap and not wall tap too hard that it took my points away now we're gonna see if we can chase Dean Carney's Viper I'm not sure how the power van is gonna work because we're already getting left but we're gonna have to cut the angle a little bit here gain some proximity that was a it's kind of our advantage right there to catch up to him all well I think we'll take the win on that one he kind of lost it was trying not to hit him but fortunately he spun out we will take the win on that and looks like he didn't even try chasing or maybe he wrecked so we're gonna try and find another battle here on captain's hook and then we'll probably switch up tracks and do some other other tracks with this car definitely enjoying how this car handles I love the S14 so definitely be bringing this car to some online battles and we're gonna go against Alcana Dale S14 versus S14 I'm game let's do it it's pretty cool that I'm get pulling all these FD FD cars for these tandem battles for this episode so you guys like these torture videos make sure you guys comment down below I know you guys do some live streams come to the channel this week as well hopefully I'll be able to get one or two in this week that's a big things come to the channel this week so make sure you guys stay tuned to the channel for some big things and that's that's what happens tap too much and you're right into that barrier and can't come back it makes this track very interesting and quite difficult to do but we still got a better chase he probably tagged the wall as well so we're gonna try and get on the door of Alcon Dale's S14 and see if we can't do do some doorbangs there take out the star stop light I feel like that that start light is a little bit in the center so we're gonna once again have to cut the angle a little bit throttle back on throttle trying to see what Laney's gonna run he's gonna run that wide and same spot that the other guy hit the wall and same spot I hit the wall actually so hopefully our chase was good enough we're gonna definitely try one or two more here before we switch up tracks definitely a fun once again you got disqualified definitely a fun fun car to drive if you don't have it and you like S14s it's definitely a very stable drift car I would recommend it for you guys if you guys don't have it it's a definitely very stable it's very similar to Alcon Dale's car when it comes to power band and stuff like that it's a little on the under power side because it is a pro 2 car not a you know full pro car or pro one car I would guess you would say it is a pro level car but it's not a power it's a little bit different dude see we can get some wall rides and this off well we always hit that wall there I always try to get too greasy and too greedy greasy why is it greasy too greedy and go into there so it looks like we're gonna take another win with this car definitely I'm glad I picked this car up and getting chance to rip this thing it's definitely a very nice car and I do like the galaxy paint I think I've said that before it's just really old old it overpass that and back up a little bit it's just a really fun to see pro cars real-world pro cars that I follow in the FD and pro 2 circuit and it's just fun to see them and actually get a chance to drive them in game definitely think I might be doing a full S14 build with a galaxy paint in Horizon 4 or force motorsport 7 so we're going to hop out here change up tracks and see what other tracks we can run real quick before we end this episode off I think we're gonna run tunnel edge Hakone Hakone tunnel edge it's definitely a fun track see if we can't get a high-scoring lead run with this S14 DW Dishworks took me a second to remember what that was so who's gonna be our next competitor here it's going to be drift in an S14 we're gonna try and bang a very solid lead run and see how this goes initiate in nice and tight on the wall click it back really deep on that wall just a tap able to keep our points if we have to do a little Monty flick back it was not in the right stretch to do that all in one line very solid lead run so far as long as I can keep it do like the power on this car the power is right there when I want it it's very stable in power too and the chassis reacts how I want it to so definitely a very solid lead run in that car didn't look like you got a very good chase but are a very good lead so we're just gonna chase what we can and probably try and find another one throwing it really hard there I just stay back a little bit because I'm not sure what happens I don't run my own line just tap oh man he are kind of lost his bearings there and lost a little bit of control so down a little left foot brake as Achilles radios are actually gripping very well makes me think that we might be getting some other other tire brands in here since Falcons in the game and some of the pro cars and Achilles is in the game maybe we'll be getting some other tire types in the game maybe I don't know we'll have to find out torque drift what's up all right so let's try and find one more here before we end this episode off so you guys like this and you keep watching see it on channel make sure you tap that like button subscribe do appreciate all the support as always follow me on Twitter and Instagram all of which found in the description box below make sure you guys stay tuned the channel big things coming this week super excited for some of the content that's coming out this week so who's gonna be our final battle here for today once they load in if they load in torque drift low load wrecked there we go so let's once again try and throw down a solid lead run in this car that way we can have a good chance to take the win in this car on that wall you miss that first clip but you could be able you could make that up on this wall right here I think I got the power to link it we're gonna miss that clip but I wanted to sweep that in one run rather than monging that out suck it up right on that wall get back look it back this way get those last final clips and end that with a very solid lead run when did I lose my front bumper 160 thousand lead on when did I lose my front bumper I don't remember hitting anything that I lose on a cone hmm not sure when I lost my not sure when I lost my bumper there but we did get a very solid lead unfortunately I have not been able to get too many insane chases right now but that is probably because of the people that are online right now are you know just start looks like they're just starting off in the game because this car is a pro level so it's not up there in the drift king drivers yet gotta get that up there but we're still gonna make suit with his best chases we can oh there we go oh and there goes the right off of his S14 so we're gonna finish this run up so make sure you guys follow me on all such media with all the found description box below hope you guys enjoyed this episode and as always I thank you guys for watching I'm evil rabbit and we'll see you guys next time


Hi, welcome to Property Time. I'm Sarah Morrow, Realtor with Cell State Peak Realty. Today I'm speaking with Brooke Colvin, who has been a loyal farmers insurance employee for over 12 years. She's also a homeowner's insurance expert. She started out answering phones, directing questions to their respective authority on topics, and now she is that authority. She advanced to sales and then to office management before taking over an entire book of business for a retired agent. As if that's not enough, Brooke hails from Alamosa. She's been married for over seven years now.  She and her husband own their home. They love camping in very remote parts of the state. And she has a very sophisticated palette for a good craft beer. She competed in 4-H growing up and she was known for showing sheep and she could shear a lamb perfectly in under 20 minutes. Because she's so efficient, she's highly attentive to her client's needs and their unique situations, even with the demands of a family. And she knows what it's like to prevent hardship and overcome obstacles. Please join my discussion today with educator, community servant, cancer surviving warrior, and client lover, Brooke Colvin, as we help you better understand and ensure your greatest asset. Hi. Thank you so much for being here. Thank you for having me. I'm so excited to talk all things insurance with you. Yeah, me too. Let's launch right in with, why don't you tell us a little bit about like your role, farmer's insurance, what you love about your job and what you're most excited, especially right now about educating your clients on. Absolutely. So I am the owner of farmer's insurance. I'm also a licensed producer within the agency. So I do a lot of the sales stuff. I am so excited right now with all of the home insurance questions that have come up from the recent Marshall fires. There's so much for people to learn that I'm just, I'm excited to help people go through that and learn the coverages that they need. Hmm. Yeah, what a tragedy. It does seem timely that we're discussing this because we do, we sort of forget about our policy until we really get forced to think about it. Yeah. So it's really horrible for those folks, but like you said, it's an opportunity to learn and grow and move forward. And I appreciate you being here to share that with us. I've noticed the word uninsured has become not only a concern or underinsured. I guess I should say nobody's really uninsured, but underinsured is a huge concern right now. And it's almost even a buzzword.  Are you thinking, yeah, guys, I've been telling you that for years. Like, yes, you're very underinsured. And us agents have been trying to get that through your heads. Yeah, it's something we go through, you know, telling people this is what we recommend. Here's kind of what the county assessors giving out is what your insurance coverage should be. It's important to keep in mind that we don't necessarily cover the land or the inflation of the home market because Colorado's crazy. Ever. Those aren't right. Land and appreciation just are off the table. Yep. Because it's not something that you're going to lose.  Sure. So we like to look at the county assessor and kind of based off of that, we come and say, okay, this is what we recommend you should have. With the recent fires, though we're finding that there's not a lot of builders in the area and there's thousands of homes that need to be rebuilt. So the builders are coming in and charging what they want to charge. So the price per square footage has actually gone up, which we're finding a lot of people then at that point become underinsured or not insured at all. And they might only get a third of their house as opposed to if it was only their house that burned down, they might be able to replace their home for what their coverage is. So I see. So without getting too deep into the weeds about your specific product offerings and specifically what the builders are covering right now, can you at least give us a sense, let's take a giant step back. What is replacement cost coverage? What is guaranteed replacement cost coverage? And what is actual value, actual cash value coverage? I know those are the three main ones and every agency's a little bit different. Can you at least start there for us? Absolutely. So I'm gonna start with actual cash value. Okay. Because it's the one I don't think you should have. You should have replacement cost. But the actual cash value, what it is is if your home was built in 1970 and it's now 2022, your home is old. And if you have actual cash value, the claims adjuster is gonna come in and say, okay, your home was built in 1970 or now in 2022, it's this many years old. Here's the value it would take to replace it. But now because your actual cash value, we have to deduct the years old it is. Mine is sure deductible and you're gonna be left with a small, small check. Got it. Which isn't gonna build you anything.  Got it. Extended replacement cost basically means that we're gonna give you the dwelling amount. So if your home is insured for 500,000, we're gonna give you that 500,000. And then the extended replacement cost for my agency is either 25% of the 500,000 or 50%. So if you have the 25% in total, if you have a total loss, you're going to have $750,000 to rebuild your home and a $500,000 home. So that's a good option. The best option out there is guaranteed replacement cost because that means if you have a $500,000 home, dwelling insurance coverage-wise and you have that guaranteed replacement cost, we are going to pay whatever it takes to rebuild your home. So if a builder comes in and says it's going to be $2 million to rebuild your home, we're gonna pay that $2 million. Got it. Now when you say 500,000 dwelling, that's a type of coverage that I might have. That's not necessarily the value of my home today. It's 500,000, right? Correct. So how we come to that number, we have a system within our quoting system that says, okay, how many bedrooms do you have? How many bathrooms do you have? Two-story, one-story brick, citing veneer, you know, all those property details. We put in all that information and our system gives us a number. So that's roughly an appraisal process that happens to get to the dwelling coverage, then you get the replacement, the guaranteed replacement on top of the dwelling coverage. Exactly. I see. And that's how you arrive at, we will cover up to $2 million or infinity what it takes to replace it. Exactly. Now that's the rebuilding part. I've heard, it's like the three R's in my mind. There's rebuilding, there's replacing and then there's renting, right? Like, let's be honest, if my house burns to the ground today, I need to do all three. Yes. I need a house, but I need the stuff in my house and I need to rent somewhere because I don't have a house, right? Yes. Yes. So content-wise, so contents is going to be, if you took your house, turn it upside down. Everything that fell out would be considered in those contents. Okay. So your time policies are replacement costs for those. However, it can be actual cash value. So that's something you would need to dig on to find out what you have. But replacement costs, we will pay to replace those items. So your TVs, your furniture, your clothing, your silverware, computers, musical instruments, those type of things. Like all personal property. All personal property. Whatever I can dream up. Whatever you can dream up. Oh, man. Would be in your contents and those are usually replacement costs. As far as renting goes, a lot of policies have some minimal coverage built in. It's called additional living expense or loss abuse coverage. So what this is is it's an amount that you have to go rent somewhere else in the time where you are not able to live in your home. So if it's a total loss, if you have a claim that it's deemed unlivable for you to live there while they're fixing it, those are gonna be times where you need that additional money. And so that will go towards renting a new place, utilities at a new place, even food at the new place. Oh, wow. And that's all going to be out of your pocket if you don't have it on top of having a mortgage for your home that you're rebuilding or replacing. Right. And that is probably the most stressful part for people who are victims of the current martial issue is not only do I have no home for my family, but I still have a mortgage. I still have to pay it every month. I've got these payments. I've got these utilities and I've got to go find a place to rent. It's crazy. It's like tripling your bills and overnight. Yes, matter of 20 minutes. It's insane. Right. So how do I know if I haven't looked at my policy for a while, how much I'm covered for and God forbid a fire happened in my neighborhood. That's gonna spike my premiums, right? So it will. You know, we've had a couple of big fires in the last two years in the area, martial fire being the most recent. The zip codes where the fires are happening are going to see a really high premium increase, unfortunately. And then on top of that, the other zip codes in the state of Colorado are also going to see a great increase, probably not as high as those directly impacted by the fires, but you are gonna see a great increase. So I highly recommend that you get with your insurance agent. You talk to them. You say, hey, what's my dwelling covered for? Do I have extended replacement cost guaranteed? Do I have actual cash value? What other coverages are out there to make sure I'm properly insured? So there is no real way to know exactly what I have until I speak with my agent. You can look at your declaration page. So that's gonna be what you get on an annual basis. It's got your renewal information on there. You'll see the coverages listed out, your dwelling, your additional living expense. And there's several others that go into that, but if you aren't educated on it, you're not gonna exactly know what it means. And each company has a little bit different meaning behind it. We're all providing the same type of coverage, but the way it's worded could be a little bit different. And outbuildings and roof, just like personal property and just like guaranteed, these are all sort of stacked on top of, which can complicate your policy. But again, it's really unique and individual, right? Like I have to look into these nuances of my specific case, yes? I would highly recommend looking at your specific policy. Yes, you can talk to your friends and family about home policies and everybody will tell you, you've got the dwelling coverage, you're fine. But it's different for each individual household because not every house is the same.  It's very stressful and crazy and it certainly has inspired me to take a look at my policy. So that's another question I have for you, like as appreciation rises in Northern Colorado and the whole country really, are you seeing like prohibitive rates for people? Like if they do get this guaranteed replacement cost coverage, which is of course really necessary, like is that part of what's keeping people very underinsured is just prohibited costs? And are they rising just as fast as appreciation or? I would say, yeah, premiums are going to rise just as fast. Significantly, yeah. Everything is gonna start costing a little bit more just because that's the type of economy that we live in and with the hail storms that we've had or we get and the fires that we've had in the recent years, insurance is going to increase and a lot of people are still stuck, you know, 10, 15 years ago, I have a $500 premium for the year. I can have a $250 deductible and that's just not the case anymore. Right. Those were the days, right? So yes, they will rise, they will continue to rise unless someone can figure out how to stop the hail and the fires. Good point. So, I mean, what if I don't wanna? Like what if I don't wanna, if I don't wanna pay insurance premiums or if I insist on having this bare bones plan? I mean, do I, am I, basically I assume I'm at a higher risk? And similarly, can you also answer the question, what if I just don't wanna rebuild my house? What if it was built in 1947 and I just don't want it? What do you guys do in that situation? Yeah, so obviously you don't have to go with the highest of high policies and have the best of best coverages.  That's totally up to you and what you wanna do. I will just kind of go off that a little bit and say if you are, if you have a mortgage or you're going to be buying a home, probably not going to be allowed based off what your lender says. But that's besides the point. It's their security, it's their property. Yeah. So, if something happens and you don't want to rebuild the home and you have a mortgage, that is fine. You don't have to rebuild the home. We have said as an insurance company, look, you have dwelling coverage amount of 500,000. Here's your 500,000, do what you please.  Okay, that makes sense. And then you still own the land. So the land could be income to you to go put a down payment on another home or it might be you have to sell it to finish paying off your mortgage. It just kind of depends on where you're at in the life of the mortgage. And if you can survive long enough, you could potentially rebuild on your own later and be the owner of that land. And I assume you've seen all these. Can you give us any anecdotal?  Yeah, so I actually had a client who lost their rental property in the Marshall fire. His tenant did not have renters insurance. So he lost all of his contents that he was going to self-insure and that's fine. But my landlord client, he had some coverage, but it wasn't enough. So what's he going to do? He, you know, I've tried to sit down with him for several years and tell him it's not enough. Look, let's go ahead and do this. And it was his choice not to, and that's fine, I respect that. As of today, he is looking at selling other places and other states to be able to rebuild the home. Within his portfolio. Within his portfolio, but if he can't do that, he's not going to rebuild. He will eventually sell the land to someone who wants to build a home there. Sure. Yeah, and that's a good point. I mean, he's got to do what the numbers tell him to do if he hits an investment property, right? And he, you know, that's a great point for us investors. You know, like of course we want to protect our greatest asset, our primary residence, but some of us forget just how important the insurance situation is and the appreciation is, especially if it's out of state on your second, third, fourth home, vacation home, short-term rentals, long-term rentals in your portfolio. And it's kind of scary. And thank God that guy has some other resources he can pull from, but it can majorly impact your whole portfolio and your wealth. Absolutely. Your nest egg. You've been so wonderful. I so appreciate all this information. Can you just tell us, you know, because things are happening so rapidly and appreciation's going so bananas, there's got to be something we can do today. Maybe I can't even sit down with my agent today. How often do I do that? What do I talk about with them? And what can I do at my house by myself? Like there's got to be like, do I just go home and read my declarations page and pray to God and like, give me some tips on like being proactive. Tip number one, always meet with your insurance agent. You meet with your doctor on an annual basis to make sure you yourself are healthy. So you should look at your insurance agent as a doctor for your home. Got it. You should be meeting with them annually because during that annual appointment, they're going to be able to break down what coverage as you do have, how it's going to work if there is a claim, what to expect, what other options are out there as far as are there new coverages this year? Is there a different product that might be better suited for you or maybe even save you money? They're going to be really the ones you want to go to to kind of look at that. Yes, you can go home and look at your declaration page. I suggest you do that as well. But number one is call your insurance agent and at least get something on the books. Yeah, and I just, you know, I hate to compare this to death, but it's got to be, you've got to probably be somebody who sees people grieving and trying to make really important tough decisions and or seeing their deep regret at a time when they've just lost everything, being traumatized, it's not the time to learn about the details of your policy. So I'm sure that's, yeah, I mean.  And if you have special items, take a little bit longer clip of them explaining what they are. And then for my clients, they actually offer that they can send those to me and I'll keep them on file so that should something happen, they don't have to worry about finding it. They know it's with me. I can get it to the claims adjuster right away. It's quick and simple. Yeah, as a musical instrument owner, I am thinking right now about how I'm gonna do that. I need to do that. Yep. Very important to have those things documented. Cause even the video in my archives could get completely lost, right? And then I was trying to remember all the things I owned and the brands of my jeans and my computer monitor. Yeah, it sounds very stressful, but that's a great idea. So then you step in and help us evaluate or value that later. Yep, so once you do that, obviously I'll watch the video if they send it into me or I'll look at their list and say, hey, okay, I think this is kind of a high priced item, high replacement cost, whatever it may be. Let's get it appraised so that we know exactly what it's worth. And then they recommend appraising everything about every five years cause things fluctuate so much. So usually a good roll of thumb is anything over $1,500 individually. Probably needs to be appraised and put on a floater policy that's attached to your homeowners so that in the event you lose it or get stolen or whatever it may be, we can go back and say, hey, this is exactly what it was. Here's the replacement cost. It was appraised three years ago. This is what the person is entitled to. Cool. Now do you work mostly with first-time home buyers? Do you have a large book of business of all types? People different phases of life. I would say large book, all phases of life, all kinds of insured, some who like to self-insure, some who want the top of the line.  I really enjoy working with first-time home buyers because it's such an exciting time for them. They just went under contract. They're going to be moving into a new home that's theirs. They're going to be building equity. I would say those are my favorites. The other ones I've kind of migrated into are mountain homes. So not a lot of companies will do mountain homes and I've found a market to do that in, especially the higher value mountain homes. Good for you. Is it high risk? High risk. Scary. Super high risk. Premiums aren't cheap, but that's kind of what you get for wanting to live in the mountains. Houses are gorgeous, but just being able to break it down and say this is the coverage you need, we need to get the fire department involved because now we have to know how many tankers and pumpers and a whole bunch of stuff goes into it and it's super exciting and fun to be able to learn about all that. Yeah, well, I love your hunger for knowledge. I love your hunger for teaching and educating. That's kind of what I want to do on this show. How can people reach you and pick your brain? Yeah, so you can contact me on my office number, which is going to be on here, but it's<PHONE_NUMBER> or you can send me an email at brookcolvinatfarmersagent.com. Either one of those I will respond to usually within a two hour time frame. So, whether it's weekends, nights, days, I am available 24 seven. Busy mama. Good to realtors, good to her clients. Thank you so much for your time. Thank you, brookcolvin everybody. That's the proper tea.


QuickBooks Online 2023 Reversing Entry Unearned Revenue Customer Deposit Get ready to start moving on up with QuickBooks Online 2023 Here we are in our gig-grade guitarist practice file. We started up in a prior presentation using the 30-day free trial. We also have open the free QuickBooks Online sample company. You can open the two at the same time using Incognito. Support Accounting Instruction by clicking the link below, giving you a free month membership to all of the content on our website, broken out by category, further broken out by course. Each course then organized in a logical, reasonable fashion, making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems, PDF files, and more like QuickBooks backup files when applicable. So once again, click the link below for a free month membership to our website and all the content on it. Or another browser, you can open Incognito if using Google Chrome by selecting the three dots in the browser Incognito window, typing into the search engine QuickBooks Online Test Drive. We're using sample company to compare the Accounting View, the One Get Great Guitars file is in, and the Business View, the One Sample Company is in. Change between the two views by going to the cog up top, switch the view down below. Opening up some tabs with some duplication of the tabs to put reports in as we do every time, right-clicking the tab up top to duplicate it. And then we're going to right-click as it's thinking to duplicate it again. Tab to the middle, go down to the reports. We want the balance sheet, the two famous reports, the financial reports. By the way, if you're in the Business View, that's located in the Business Overview and the reports. That's where the reports are at in the Business View. Back to the Accounting View, tab into the right, reports on the left. We're going to open up the profit and loss as well, close up the ham, boogie, and change the range. Mode 101, 2, 3. I'm going to go out to O3, 31, 2, 3. Our cutoff date is 228, but we're going to go to 331 for picking up the reversing entries that happened the day after the cutoff date. Let's run it and go, and also I want to see that month by month. Hold on a second. Something's not right here. Let's see it on a month by month so that I can see Jan, Feb, and March, and then the total. Let's go to the tab to the left, do the same thing. Close in the ham, boogie, change in that range from O1, O1, 2, 3 to O3, 31. Not one day three, 31. And then run it on a month by month and then run it to refresh it. That's the set of process we do every time. We're focused here on the cutoff date being 228, February, but we're going to do a reversing entry this time, which is going to be as of the first day of the following month. Last time we did a fairly, you know, one of the more complex adjusting entries that oftentimes won't be there unless you're in the type of industry where you have to deal with an unearned revenue situation. So let's do a quick recap. Just get to back in the mindset of this. We've got the unearned revenue down below. It's a liability account. If I go to the flow chart, you'll recall we're looking at the revenue cycle. At the end of the day, we're expecting to have cash go up at the end of the revenue cycle in some way, shape, or form. That might happen in the easiest kind of cycle depending on the type of industry we're in where we might just have like gig work. We have a deposit. We just increase the deposit, increases revenue, possibly with the use of the bank feeds. If we're at a cash register, we'll typically use to create sales receipt. Still a cashed-based system, but we're going to have to do the sales receipt and then deposit. An accrual system means that we have to do the work first and then invoice or bill the client, then track the accounts receivable, receive the payment, make the deposit. But some industries actually get paid first. That's when you have this unearned revenue situation. It might be a type of industry where all their revenue is basically unearned at first, such as a subscription model, magazines, newspapers, applications these days, where they might get paid for like a yearly subscription or something. They haven't really earned the money at the point in time they got paid and therefore it should really technically go into a liability account as opposed to income when they collected the money and then they would need to do an adjusting entry periodically in order to account for the revenue that has been earned, the subscription that has actually expired on a periodic basis. Here, however, we're looking at a situation in our example problem where we have deposits on an inventory purchase that's going to take place in order for the customer to commit and us to hold on to the inventory product or order the inventory product for them, for them specifically. So you might have a similar situation in a rental situation where you have the last month rent or something like that. Once again, you got the money before you gave them the goods or services. That's an unearned revenue kind of situation or a customer deposit, you might call it. In other words, when you get the money, you should record it as basically a liability down here in unearned revenue. Now, logistically, however, as we discussed, it's not as easy to put it in unearned revenue down here because you want to be tracking it in the sub ledgers. So if I go back to the tab to the left and we go down to the sales, which is the kind of customer center and then into the customers. And if you're in the business view, by the way, that would be under the get paid and pay area and then the customers. That's where the customers are located. And then within there, you can then track your information by customer. So if I went into this Anderson guitars, if I recorded something to unearned revenue, it wouldn't be reflected here in the customer center, which as on the bookkeeping side, the accounting side is what I use to communicate with the customer. So I would like things to link up. They link up quite nicely if we use an actual receive payment form. So we enter the receive payment before the invoice. That usually decreases accounts receivable, but now it doesn't have an invoice to apply to, which means you have this outstanding, which you might call outstanding credit, that can then be applied to a later invoice when the customer pays. So that means we're going to, we have this situation where it's not quite right when we get the first deposit from a financial reporting standpoint, but it looks good. It looks correct from a bookkeeping standpoint. And that's why we're doing the adjusting entry. So if I go to the tab to the right, let's just take a look at the sub ledger for accounts receivable, right-click it on the tab, duplicating it. And we're going to open up another report on the left-hand side, reports on the left-hand side. We're going to close up the handbookie and scroll down to who owes you. And we want to open the customer balance detail report customer balance detail. Let's run it as of a custom date of 022823. And so the total of this broken out by customer adds up to 2315150. That should tie out to what's on the balance sheet as of 228 and the accounts receivable 2315150. So that looks good. And the issue was that we had a couple that had this negative receivable. You can't have a negative receivable for a particular customer because that means that would mean that we owe them money, which means it's a liability, not a negative receivable. Therefore, we did an adjusting entry for these two clients that had or customers that had a negative receivable for 450 and we increased accounts receivable. Over here, we increased the accounts receivable for that amount if I scroll down and we did that by the 450. And then the other side went to this unearned revenue, the liability account. So we just properly recorded it as a liability instead of a negative asset account. So it's a little bit different than a book problem where you deal with unearned revenue, in which case you're usually thinking about a situation where all the revenue that a company gets is from unearned revenue like a subscription model, in which case you would just keep on increasing unearned revenue when you collect your money on a subscription model and then you'd have to determine how much of the subscription had expired periodically at the end of month or year, decrease unearned revenue and then record the revenue properly for the amount that had actually been earned. In this case, we're dealing with just unearned revenue for like a security deposit type of situation. So it's a similar situation, but it's a slightly different scenario here because we're dealing with the concept of we need to be able to be able to have supporting information for the accounts receivable and the sub ledger. And so notice that this adjusting entry does not have a balance sheet account and an income statement account. It's an adjusting entry with two balance sheet accounts. So it's not really like a classical adjusting entry, which usually has a timing difference between balance sheet and income statement type of account. Okay, so that said, now we've done that and I can see that over here in my sub ledger as well because they forced me to record something to a customer whenever I record something to accounts receivable. But I didn't want to record it to the actual customers in question. Eric Music here because that would add it to the detail in their customer ledgers. Therefore, we created another account down here and just called it ZZZ, trying to put it at the bottom out of the way and this customer account is going to have all our adjustment entries. They have journal entries in them. That's not what you usually want to see in a customer type of account. So that's why we kind of tried to bury it down here at the bottom because they're not going to match out. Usually you would see invoices and receive payments that tie out and once they do, then this whole thing would kind of disappear. It wouldn't be on this report anymore. For example, here in this one and this one, you would expect it to tie out. It doesn't because we don't have an invoice and a payment. We have two journal entries, so it doesn't quite work the same way. That's why we put it into the account at the bottom. Now, remember, if you don't want to do that, you could create another accounts receivable account, but you'd have to set it up as something other than accounts receivable type of account like other current assets so that you don't have the sub ledger related to it. Okay, so now we're just going to reverse it as of March 1st because remember, the bookkeeping process is not wrong. Their process is just fine. It's just that we need to make it the financial statement reporting more correct as of the reporting basis on a periodic basis, monthly or yearly in our case as of February 28th, the cutoff date. So then I'm just going to reverse it as of the first day of the next period. Note all reversing entries are going to be like the first day of the next period. I'm not going to try to try to get it to be more correct for a longer period of time. In other words, you might say, hey, why don't I just figure out when the invoice is actually issued in March for these items? And then if the invoice was entered in March 15th, I can do the reversing entry as of March 15th and then the statements will be more correct for 15 days of March. But my point, my goal is not to make things more correct for 15 days is to make the adjusting and reversing process as easy as possible, having all transactions on one day, sacrificing the fact that the financial statements will not be perfectly reported in the middle of the month or if I was doing this at the end of the year, in the middle of the year. Okay, so then if I did this adjusting entry, the easiest way to do a reversing entry, I should say, is to look at the adjusting entry and then just do the opposite. So let's go back over here in an unearned revenue. And if I go find the unearned revenue, where did the unearned revenue go? It is right there. If I go into it, then I could then just say, okay, let's go into that journal entry and say, there's the transaction. I'm just going to do the exact opposite. So you might even take a screenshot of the adjusting entry and then reverse it. This one's fairly basic. There's only two accounts affected. I'm going to use a journal entry to reverse it as opposed to using the register because of that issue with a name needing to be put in place for the accounts receivable. So I'm going to close this out. I'm going to hit the ham. Let's go to the first tab to do it. Let's go back to the report. Then go to the first tab. Then let's hit the plus button and go to journal entry. Now all the reversing entries are going to be as of 3.033123, the first day of the next following period. And now note that you might say, hey, I'm just going to reverse it and put the debit on top and the credit on the bottom. But usually when I'm doing a reversing entry, I like to have the accounts the same from top to bottom. There's only two accounts right here, so it should be easy to see either way. But just as a general rule, I'm going to say, this is a reversing entry. I'm just going to mirror the order of the accounts, accounts receivable on top, but make it a credit of 450. That to me is easier to compare to the adjusting entry, easier to build, easier to enter. Some people get upset if you don't have the debits on top. But I just think that's an easier way to go. So that's what I typically would do. And when you have longer complex entries, like we had with the invoice, then it's a lot easier to do, I think. So this is going to be a reversing entry. The name, I have to put something here. I'm not going to put the name of the actual customers involved, but ZZZ. So it'll be out of the way, not mess up the accounting department on the day to day. And then here I'm going to put unearned revenue, unearned revenue, liability account. And there it is. No need for a name on that one. And so let's do it. This is going to, as of the first day after the cutoff date, reverse it so it's going to decrease accounts receivable, putting it to that ZZZ customer in the sub ledger, and unearned revenue back down to zero. So we're back to where the bookkeeper was before, so we don't mess them up. Save it and close it. Let's check it out. And we'll open up the balance sheet, run it. So now accounts receivable is good as of here, right? We're still, we still have that 450 in place, but then we reversed it in the next time frame so that we're back to where we were here. So that now the next step that the client is, that our bookkeeping department's going to do for Sam the guitar man, for example, if I go into Sam the guitar man and the sales tab, customers, and then go down to Sam, Sam the guitar man. So notice we have this outstanding unapplied thing right there. That's the point. That's very obvious. So if I talk to Sam and he comes in and says, hey, I'm finishing up my sale, we can make an invoice and apply that out to it quite easily. That's good on the accounting or bookkeeping side of things, very transparent. So then I'm going to go back up and say the other side went to unearned revenue and we could see that straight up nice and easily down here. So it was 450 and then we took it back down to zero. No impact on the income statement. If I look at the sub ledger to the right and I run this again, run it again. This is as of 228. So we're good on 228. And then I'm going to bring it on up to 033123 run it. And so now we've got all this journal entry stuff happening down here. Notice it nets each other out 450, 450, the 525, the 525, but it doesn't remove itself from the report because it's not like an invoice being connected to the payment. The journal entries mess things up because they're not designed to kind of match each other out in the accounting system. But again, hopefully it's down at the bottom. So it doesn't mess anyone up if we see that same thing. And here in the customer center, it's in the customer tab. And we didn't mess up like any of our clients here like Sam, but we've got the ZZZ customer down below, which isn't really a customer. That's where all of the junk that we put went. If you don't want this sub ledger at all, then you could do your adjusting entry to another accounts receivable account just to show the adjusting entry. But you can't set it up as an accounts receivable type account because that's what is used to create the sub ledger. You'd have to make it as an other current asset account. And then you wouldn't need to do this whole thing with the ZZZ, which is only here because QuickBooks won't let us post to accounts receivable without using a customer, which is usually good because it forces us to be in balance with the sub ledger, but it does cause problems periodically such as with the adjusting entries if necessary to have them. All right. So that's it. That's all we need to do. It looks movie B to the end. Let's go to the tab to the right and look at our reports. So I'm going to open the hand boogie, scroll down and check it out. Check out the reports. Let's type in journal. Look at the journal and close in the hand boogie as of 022823 to 022823. These are the adjusting entries we did last time. And I'm going to filter them. Customize up top filter by transaction type and journal, run it. So these are all the adjusting entries we did. These two are not adjusting entries, but everything else adjusting entries. This is the last one we did last time, which is going to be reversed. And notice how I'm going to reverse it. Like I put the credit, I put the order top to bottom like this. So it'll be in that order this way as well. So it'll have a credit on top. I did the same thing for this one, I believe, which this one is a fairly complex transaction. So if I was trying to compare the adjusting entry to the reversing entry, it would be easiest in my opinion to have the same accounts from top to bottom as opposed to messing up the order of the debits to have the debits on top and whatnot. So let's go up here and say plus the debits on top and whatnot. What a rhyme, rhyme in it. Okay. So the reversing entry. I think I messed up and entered it as of the wrong date. I think I entered it at the end of the year. So let me go fix that. I'm going to go back on over and say, let's go to my unearned and go into, yeah, I put it in there at the end of the period, but the reversing entry should be at the beginning of the period. So hopefully I put a note in so you see that I messed up purposely, of course. Oh three. Oh one. 23. Okay. So after the purposeful mistake, let's do it again and check it out, run it back. And so let's just refresh the screen this way. So there we go. So I'll close up the hamburger. Okay. So there we have it. Notice I got the credit on top and then the debit. So I can compare it. So this looks a little bit unnatural. If you're used to having debits on top, but again, comparing it, I think works good. Same thing I did up here. We did last time. So that one looks a little bit unnatural possibly because the debits are not on top. But when you compare it to the adjusting entry, I think it's more comparable, easily more easy to look at, more easy to interpret what happened to distill down the story that happened. And if you can format your transactions, your adjustments to better remind you of what you did, then I think that's more important than having the debits on top. Okay. Close, open up the hamburger. We're going to go down to the reports and let's search for the trusty trial balance to see where we stand. Trial, trial balance and we'll scroll up and change the range from 010123 to 033123. Let's take a look at it side by side with the months and then run it. So this is where we are now. We made a change this time to the reversing entry. So our cutoff 228 reversing entry happened in March. So you could check your March numbers if your numbers tied out last time, but you could check any of them if any of the periods involved. And if your numbers don't tie out to this, then we will do some more looking at the journal reports after the entering of the adjusting entries.


What's going on everyone? Sam here at Layton Sports Garage. I've been 23 for any Chronicles, draft picks, football hobby, 8 box break, number 12, random team style. There's a look again at your random results as always. You can find those on the website under the results tab as well as the link in chat. All right guys, nine to go on Chronicles basketball to go. Teams on sale in Chronicles football, PYT. Just the Falcons and Ravens. Two to go. Two to go on that one. Here we go, draft picks. Points will be random. Guys not in the NFL will be random to all as well. Jersey card, nice one there. Eric Gray, I believe he's somewhere. I just don't remember. Giants, I think. I think Giants. Giants, yep. Going to the Giants. Mike Evans. Quentin Johnson. Gold, Lucas Van Ness. Two, ten. Jackson Smith and Jigba. What's up Corey? There's Brie Saul for the Jets. Moxie Jersey card. Grats Jets. Quentin Johnson, Orange. CMC Pittman to 149. Mitchell and McKee, we don't have to do a recap on this one either. Just points and any guy still in college. They're speaking of points. There they are. RJ Snead. RJ Snead is, yeah that'll be a random to all. Chris Carter to 149 is Neil Farrell Jr. on the silver. Raiders. Raiders on that one. Back from golf. Xavier Hutchins into 49. AR-15 in base. All I gotta say is Jared Jack. Yes, serve on. Jared Jack indeed. Zach Evans on the auto. Nice one there. Zach Evans is Rams. Rams on Zach Evans. Saquon, there's a Miles Murphy for the Bengals to 99. So that's in Bennett and Henden Hooker. Keith with the Pats in 34. Thank you Keith. PYT of Chronicles Football. There's Travis ETN Orange. CJ Stroud. Red Zach Evans to 149. Quentin Johnson Hollow and Josh Allen. Jared Wayne to 199. Jared Wayne on the auto. Texans. Jared Wayne. Jamar Chase. Red is Bryce Young to 149. Charbonnet and base. John Ridgway. Defensive tackle for the Commanders. John Ridgway. Jackson Smith and Jigba. Red Mahomes. Bishing Gonzalez and base. Moxie Jersey. Scary Terry going to the Commanders. Nice one there. Commanders. Bryce Young on the orange. It's going to be a Pittman. Penini Black to 99. Tank Bigsby. Tank Dell and base. There's BJ Ojolary. Pardinals. BJ Ojolary. Base Jonathan Mingo for the Panthers. To five. Five of five. Jonathan Mingo. Just ran it all at the end. Back base and base. That's awesome Amber. Oh yeah. Orange. Devon Witherspoon. That is Filger Kovic. Ran it all at the end. Still in college now at Pitt. Burrow Gonzalez. Jalen Carter. That is Travis Kelsey. Drew Sanders Auto for Arkansas. Drew Sanders. Linebacker for the Broncos. Going to the Broncos. That is Brandon Hill for Pittsburgh. Brandon Hill. Texans. Brandon Hill. Texans. There's Chris Rodriguez Jr. Chris Rodriguez Jr. Jersey card. Running back for the Commanders. Orange. Joe Mixon. Will Anderson. Hollow Jalen Carter rated rookie and Bijan. 15 Anthony Richardson to 49. Going to the Colts. Congrats on that indie. Nice one there. Let's go Colts. Yeah. Mingo and base. Got eight to go on Chronicles basketball. Two in seven on our PYTs. Three to go on one divisions. 12 and 16 on Bowman. That is it. What's up Mike? Chronicles is nice. There's Rajan Wright. Forget where he is again. He's somewhere, luckily. There's Panther. Darnell Washington base. Bigsby and base. Dickey in here. No assual. First impressions. Josh Downes. Nice one there. Seven to 25. Grats on that one. Josh Downes is a Colt. Grats Colts. Colts doing well in this break here. Cedric Tillman 99. Yeah. The Variety Chronicles is pretty awesome. Cordell Flott. Cordell Flott is a giant. There you go. New York. Base. Jamar Chase to 149. Jalen Waddle. Devon Witherspoon. Marvin Mims from Broncos 149. Michael Meyer and base. There's Xavier Hutchinson. Jersey Cart. Nice one there. That is another Anthony Richardson in the 99. Hey, Jonathan Mingo. CJ Stroud and base. It's Miles Murphy for the Bengals. Canvas Creation Autumn. Plenty of nice, Jackson Smith and Jigba. Ryan Branch. That'd be awesome, Alex. Red Mandrus to 149. And base. Halfway through box five. Here we go. A couple of randoms to do at the end so far as well. Then guys, eight to go on Chronicles basketball. Two and seven on Chronicles football. Trenton Simpson for the Ravens. Dion Sanders. Blue. Zach Evans to 99. Will Levis Silver or Hollow Silver. Everyone call it. There's Ben Sims. Ben Sims to 199. Vikings, I believe. Yes, Vikings. Hock. There's to 149. Jalen Hyatt. Kayshawn Butte. John Ridgway. Already had one of him. I believe he's a commander. 149. Devon Ashane. Devon Ashane. There's AR-15 again. Going to the Colts. Lotta Anthony Richardson in this half case. Very nice. Kyler Murray. CMC and Will Anderson to 99. Just taking with Phil Sims. Jalen Hyatt for the Giants to 99. Contenders auto. Sim Teebo. Pink Emmett Smith for the Cowboys to 75. The Colts are killing it right now. That's points. Rent all at the end. 250. Hyatt. Peter Skoranski and base. Thank you, Zach. Picking up a division. And Penini one. That sounded just two divisions left, guys. Two divisions to go. And Penini one. Chris Godwin. Orange. Chimera Gibbs Black. Jordan Addison for the Vikings to 99. Jackson Smith and Jigba Hollow and Josh Downs. Again, just two and seven to go in the PYT. Tanner Morgan to 125. He I believe is of like, no, he's not of like, somewhere though. Steelers. Steelers, Tanner Morgan. Marchace Blue to 99. There's Donterio Drummond for the Cowboys. Gold Ice Sensational Signatures. Will Leviss Christian Gonzalez Patriots to 99. Murphy and base. Browns though. Technically true, yes. Will Anderson Jr. Texans. Nice one there on the Jersey card. Defense one. Zay Flowers Ravens. Sauce Gardener base. Another Anthony Richardson to 149. Colts killed it right here, man. More points. 250. Random to all. Big Ben. Aiden O'Connell to 99. Smith and Jigba and base. That is a Devon Ashane. Nice one there. Contender's Optic Auto to 99. Devon Ashane is a Dolphin. Base and base. Dale with another division. We're down to one division in Penini one guys. Eight to go. Chronicles, eight to go. We are down to Chronicles, two to go. We are also down to Chronicles Football 34. Seven to go. All teams on sale, guys. All teams on sale. One to go. Indivisions of Penini one. That fills. We'll rip that as well. JSN Auto last pack. There you go. Let's go, Alex. That'd be huge. Or a Charbonate. You got a Charbonate there too. I'm surprised that they took two running backs. Josh Downs. Auto to 99. We're Gibbs. Nick Bosa to 49. That is an RJ Snead rammed to all at the end to 199. Josh Allen. Josh Allen to 99 for the Bills. Oh, you know how to stay. Fan JSN would be really sweet for you then, Alex. Let's see it, man. Let us see it. Jack Jones going to the Patriots. Red Ice. Will Leviss Mahomes to 99. Blue. Johnson and base. Justin Herbert Orange. Sauce Gardner. Red Jalen Hyatt to 149. CJ Stroud. Tanner McKee. Moxie Jersey. Tony Pollard going to the Cowboys. Nice one there. Tony Pollard for Dallas. Jordan Addison to 99. Manjrews. Ryan Branch and Hendon Hooker. There's Xavier Hutchinson. First impressions. Paul Kaye with a bowman spot. Xavier Hutchinson. He is somewhere for sure. Devin Achain. Thank you. Devin Achain. Thank you, Quinn. That is Texas. Thank you, Quinn. I was going to say I honestly until this point didn't never heard his name pronounced. The 149 Parker Washington and base. Devin Achain. That's what it is. Devin Achain.  Two to go. Eight to go on Chronicles basketball. Again, guys, that'll mean one to go on Panini One. Todd D. Selling us out on Panini One. We're ripping that next, Sean. We're ripping Panini One football next. Let's go, baby. Panini One football sold out. That'll rip next. Whoo! Jami Robinson. He's somewhere. I don't remember where exactly. It's going to be a Carolina Panther. Base, base, base, and more base. A couple of JSNs for you there, Alex. There's Marvin Mims for the Broncos to 99. Max Duggan. Michael Pittman Jr. Base and base. Jack Jones. Patriots. Silver Sensational Signatures. Purple Johnny Manziel to 49. Saquon Orange. Dan Marino. There's a JSN. Nice one there for you, Alex, to 99. Kayshawn Buttee going to the Patriots. Rookinger's card for the, again, for the Patriots. Played some patches. Travis Kelsey to 49. Emmett Smith, base, and base. That is a, oh boy. Xavian Volodae. Man, that's quite the name. XAZ. Volodae is Texans on the gold standard RPA. Herbert Mims to 149. Jamar Chase and base. All right, guys, a couple of randoms to do. We've got college cards. That is going to be RJ Snead and Phildra Kovek. And then we've got four points as well. I think there was another RJ Snead auto. It was this one right here, those origins. Because that would have been the last one. It was relatively recently. Once that, guys. Yeah, right there. You're good. So there's the other RJ Snead. You know it for you. Yeah, I got it. We found it. So four points and some college cards. Let's get all of these copied in. All right, guys. The way this will work is the top three teams will get the college card. So the first team will get RJ Snead. Second team will get Jerkovek. Third team will get RJ Snead. So this is just like this. So it goes top to bottom. So good luck. We'll roll the dice. It's going to be 10 times. One, two, three, four, three, four, five, six, seven, eight, nine, 10. Raiders get in the first Snead. Bengals get in the Jerkovek. And then giants get in the second Snead. And then four teams are going to win 250 points. We'll do an entirely different random. It's going to be just three times. One, two, and three. You've got the Broncos, the Bears, Bucks combo. So Bears, and then Saints and Eagles. Saints and then Eagles get in the other one. Yeah, then Eagles. Perfect. So that'll do it for the break, guys. Thanks again for the fill. Up next,


And now, it is my great pleasure to get on with the opening ceremony and welcome to the stage Lord Mayor of Melbourne Sally Cap. Lord Mayor Cap steered Melbourne through the pandemic as Melbourne clocked up the most days in lockdown in the world, an experience that devastated the residents of the city. She continues to be a highly visible advocate on behalf of business owners and residents of Melbourne for Melbourne's economic recovery. Miss Cap is actually the first woman directly elected as Lord Mayor of Melbourne and has progressed complex policy initiatives, including a renewal program for Queen Victoria market you should visit and action on homelessness through the make room initiative. Please welcome Lord Mayor Sally Cap. Thank you Naomi. Hello everybody. It is an honour to be with you all.  I want to make two points with you today. The first one which always strikes me when I listen to Uncle Bill but also in thinking about the issues that you'll be discussing through this conference is that when I first became Lord Mayor it struck me that for so many issues that happen in our community whether it is appropriate recognition of our First Nations or dealing with people when they're at their most vulnerable impacted by drugs and all of the associated issues I as a well educated, well resourced informed member of the community used to think that was somebody else's problem and it's not. It's my responsibility, it's your responsibility, it's everyone's responsibility to get involved in these issues and make a difference. It's one of the reasons why I love the theme this year strength in solidarity but it also is a reflection to me as an elected representative and other leaders in our community is that we have to provide the right space and the right environment for your good expert work to be properly understood and discussed and actioned so that we can make a manifest difference in these issues in our community and one of my responsibilities and it's been reinforced here today listening to Naomi and Uncle Bill is to make sure that I play a proactive role with others in creating that space for your good work to be delivered because it is a shared problem and it will only see a resolution if we take a shared responsibility across our community. I thank Uncle Bill for welcoming us. We are on the lands of the Wurundjeri Wurrung people and the other point I wanted to make was the very generous way in which our traditional owners welcome us on to land with purpose and clearly that is what this conference is about. We are honoured here in Melbourne to be hosting this conference the first time in two decades that we get to welcome this incredible community of policymakers, practitioners of government representatives, UN representatives, community champions all together to discuss these important issues and I commend you for the purpose that you have in your work and the difference that you make. We often say that your work is part of the hidden heart not just of Melbourne but of cities around the world and again that strikes me because so much of the work that you do is the type of activity that people would prefer to be swept under the carpet that they want to see an outcome but they don't want to know about how or why or what the really hard long-term work needs to be to see positive legacies for our people. One of the most common things that people write to me about are the confronting scenes or experiences they have in our city when they see people who are impacted by homelessness, drugs and mental health issues and I'm really pleased that they write to me but of course they're demanding some sort of action and most of them as I said not only want somebody else to do it but they're not really invested in what those outcomes may be. I'm sad to say that pre-COVID one in five Melbourneians were already identifying as suffering from mental health issues and of course during the pandemic we've seen not only mental health but alcohol and drug issues, domestic violence issues grow as a result of isolation and lockdowns and the anxiety of the pandemic but one of the things I'm pleased to say is or reflect on is that during the pandemic I believe there's been a heightened appreciation and respect for the work of experts and that there is a new level of trust in what experts say and so as you come with purpose for the debates and discussions through this conference as you look at what those solutions are as you continue your work that is a lot of the times life is saving but at every time is life changing we want to support and help mobilise and action and implement the ideas and programs that you know best practice have been tried or need to be tried in communities and cities around the world and so on behalf of the City of Melbourne I'm supporting your work and commending you for coming with purpose to this conference today. Can I say on behalf of councillor Dr Olivia Ball who's also attending this conference and everybody at the City of Melbourne again we are honoured so thank you to Naomi and the team at HRI for bringing this conference to Melbourne to the Melbourne Convention and Exhibition Centre for their role in hosting this conference. I do hope you have an opportunity to walk around magnificent Melbourne a lot of my speech was about the fantastic things on offer in our city of course because I'm head of sales for Melbourne as well but really the importance and relevance of what you're doing here is something that we appreciate and admire and it is my role to not just say welcome but to say thank you and to again reiterate our commitment to supporting the very fine work that you do and thank you very much. Thank you Lord Mercap.