فشرف بل اشتغالي بالعلم ولا تبغي به ما عشت يا داب دلا وياله من شراف عظيم إن الحمد لله نحمده ونستعينه ونستغفره ونعوذ بالله من شرور أنفسنا ومن سيئات عمالنا من يهديه الله فلا مضللا ومن يضر الفلا هاديلا وشدوا لا إله إلا الله وحده لا شريكلا وشدوا أن محمد العبد هو رسوله اللهم صلي على محمد MussBoy ومحمد كما صليت على إبراهيمو وعلى ألي إبراهيمة إنك حميد مجيد اللهم بارك على محمد من وعلى ألي محمد كما باركت على إبراهيمة وعلى ألي إبراهيمة إنك حميد مجيد وصل hour هالله Janeiro لم ارد عرجة لِحكانه هو ق هنا يرعي الانبياء عليهم السلام للغلق ويشاهدون why prophets were made shepherd ويشاهدون some of the benefits ويشاهدون the famous Hadith in Sahih Al-Bukhari من حديث المقداد ابن معديك رب رضي الله تعالى عهوه in which a prophet said ما أكل أحد طعاما قطن خيرا من أن يأكل من عمل يديه وإن نبي الله داود عليه السلام كان يأكل من عمل يديه ويشاهدون the prophet said that no individual eats the food greater than what they have brought forward with their hands ما أكل أحدوا no one eats قطن طعاما قطن a food greater خيرا من أن يأكل من عمل يديه for him to eat from what they have worked وإن نبي الله داود عليه السلام كان يأكل من عمل يديه داود used to eat from what his hands would put forward ابن حجر brings a benefit from this from this particular Hadith ابن حجر says فوائد الحديث benefits in this Hadith he says number one فضل العمل بليد there is a virtue in the income that you make from your own hands what you do وتقديم ما يباشر والشخص بنفسه على ما يباشره بغيره what you put your hands in and you earn with your own sweat and blood with your own hands is far greater than what you get through somebody else the efforts and the hard work that you physically put in is greater than what somebody else brings about the hard hard work somebody else's labor number two الحكمة في تخصيش داود عليه السلام بذكر the wisdom behind why the prophet said وإن نبي الله داود that Nabi الله داود was what one who used to eat his own hands effort why specifically Dawood the reason is because is because داود عليه السلام لم يكن من الحاجة there was no need for him to do that because he was a Khalifa tol في العرض ابراهيم was a what sorry Dawood was a what he was a governor on this earth he was a king but then even then he still used to work number three is the third benefit in this حديث is that working and putting effort in and going out of your way to work and strive and make money it does not go against توكل it doesn't negate توكل number four is and the fourth benefit is that mentioning something with his evidence it settles in the heart greater than when you just merely mention something نبي الله محمد could have said that eating with your hands effort is great but he gave evidence he said Dawood did that and it's a profit that we need to follow today insha'Allah we're going to go into the the participation that the Prophet ﷺ participated in the battle called حرب الفجار حرب الفجار is بفتح الفائي it's فجار فجار فجار but it's فجار بفتح الفائي so we make a castle on the third and it's of the of في عالم that's how you said the reason why it's called the war the حرب الفجار is because it took place in the sacred months أشهر الحرم and it was فجور it was transgression it was wrong for them to have a battle at that particular time our Prophet ﷺ when he reached the age of 15 pay attention لما بلغت لما بلغت الرسول when the Prophet reached خمسة عشر سنة when the Prophet reached age of 15 وقيلة some scholars they said no it's when he reached 20 years of age a battle took place between قرش and كنانة on one side and قيس and those with قيس on one side so we have قرش and كنانة on one side and the second one we have is قيس and all the other tribes on one side the leader of قرش that day was حرب ابن أمية who was it? حرب ابن أمية وكان الرفر في أول النهاري لقيس على قرش وكنانة and the early part of the battle the first phase of the battle the upper hand was with قيس قيس was winning and he was beating قرش وكنانة in the first phase of the battle and then when he reached the middle of the day the the victory went towards the side of who it went towards the side of قرش وكنانة and the Prophet he was present that day عليه الصلاة والسلام that he never fought he never he never put no gun forward he did not عليه الصلاة والسلام he didn't throw any weapons at nobody but what he did that day was he took the arrows and he gathered it for قرش and he would give it to them he gathered the arrows and the weaponary that قرش would use andكنانة and the Prophet صلى الله عليه وسلم would give it to them as for he صلى الله عليه وسلم did not physically participate in that then occurred a confederacy that took place which is called حلف الفضول a confederacy took place and the Prophet صلى الله عليه وسلم participated in this confederacy ألمام السهيلي in his كتابة روب الأرض he says ألمام السهيلي says كان حلف الفضول يأكرن حلف سومي عبيه وأشرفه في العرب the حلف الفضول was the greatest confederacy that was ever ever took place it was mean أكرن حلف سومي عبيه was the best confederacy that was ever heard of وأشرفه في العرب and was the most honorable it was all of Arabs this confederacy and it took place this confederacy in the ماذ القعدة في شهر حرام after the battle of what after the battle of حرب الفجار some scholars they said one month after it and some said no four months after it and the reason for this confederacy is as follows there is a story to it أرجل المزويد a man from the people of زويد this is a famous tribe from Yemen he came to Makkah this man from the people of who he is from Zwayd he came to where he came to Makkah بيضع أتن he came with some merchants he came with products he wants to sell them and Makkah is the what Makkah is the hub Makkah is the spot and it's the place where people would come for what to trade, to sell, to buy فاشتراها منه العاصب الوائل so when he brought it to Makkah he brought his products onto the table العاصب الوائل came وعاصب الوائل when he came he took the products and he refused to pay the Zwayd demand his money he just took the products so I'm not going to pay you anything so when he did فستدع عليه زوبيدي الأحلى زوبيدي who is from a tribe well-known he has he has covenants and his treaties with well-known tribes the tribes that he had his tribe had allegiance with and they had contract with and treaties with was عبد الدار and مخزوم and جمح and سهم عديب نكابل all of these were the tribes in which he had what he had a treaty with all so he called that to them he said يا عبد الدار he called that to مخزوم he called that to جمح he called that to سهم and he called that to عديب نكابل all those tribes he called them out he said look what these guys doing to me عاصب الوائل ثقابل أي عينوه ثقابل they refused and عينوه to help him they refused to do anything for him اوظهو على العاصب الوائل وانتهرو and they stopped him they stopped shouting be quiet to your thing he refused to give it to you ignore it فلما رأى زوبيدي when the زوبيدي man saw the evil that was taking place that injustice that was taking place صاعدة على جبال and القباس he went on the famous mountain قول جبال او قباس he went on that mountain when the sun was rising he went there and when he climbed there he read lines of poetry expressing his feeling of what they are doing to him injustice that they are causing him and that this is not known from the Arabs tradition and the Karam and the generosity of the Arabs how dare they do this to him when he read the lines of poetry and he finished his recitation of the lines of poetry الزوبيدي با عبد المطالب who is Zubayr با عبد المطالب the prophet صلى الله عليه وسلم با عبد المطالب الزوبيدي با عبد المطالب هاد and at that time the mountain جبال او قباس was next to Nadi Quraish the assembly of Quraish where this Quraish would come together and talk so he deliberately wanted to Quraish to him it and so when Quraish هاد الزوبيدي با عبد المطالب it's a prophet uncle جميل I want people to pay attention focus good you're right but the man who heard it was a Zway الزوبيدي با عبد المطالب he's a prophet what أمي النبي صلى الله عليه وسلم yeah we're going to come to it now اللهم بارك so the man he climbed the mountain of Jabalu جبال او قباس he climbed it and when he climbed it he screamed his poetry Quraish can hear it as Quraish are listening الزوبيدي با عبد المطالب the prophet uncle could not take this anymore couldn't accept this he said I can't take this he said مالي هاد مطروك this is not a matter that's dismissed it's not a matter that we push to the side it's not فجتمعت بنو هاشم so he said بنو هاشم stand up he said we need to talk about this issue he said we need to talk بنو تيم ابنو مرا you need to talk all of them they came in a dark cold دار عبدالله ابنو where did they meet together does anyone know where they met yeah yeah who is dark did they come together and have the confideracies planned out yeah yeah yeah عبدالله ابنو جدعان they came to the dark دار عبدالله ابنو جدعان واتعقدوا they took a deal about this issue what's working with you about this issue so they wrote a contract and they wrote a dealings واتحالفوا they made a covenant a promise لا يكون أن يدن واحدة المعلمة بلومة على غارن from this day onwards they are all going to be one hand in helping the one who's oppressed whoever that person is any individual who's oppressed that all of us who is all of us who is all of us here you can remember the tribes I mentioned بانو تينب ابنو مرح good one two بانو هاشين that's two ايه ثري زهران ثري ايه ها جنانا was not in there those were the three so they all of them said were one hand all of us if anyone is oppressed we're all going to come and we're going to take the haق back for him حتى يرد علي حق until that person's right is given to them and قريش called this حلف الفضول the confideracy فضول the reason scholars mentioned سمية حلف الفضول the reason why it was called is because the first three people who were called يَنَّهُ أَوْوَلَا من دُعِيَ إِلَيْ the first people who were called to this confideracy who came to it all of their names started with الفضل the first one was what الفضل ابنو فضالة that was the first the second one is الفضل ابنو وداع and the third one was الفضل ابنو الحاري they were the first three that were called so they called it فضول because of that and some other scholars they called it فضول because it was what because it was a حلف which was they had فضل in it in virtue it was an honorable confideracy a righteous confideracy that's why they called it and the Prophet عليه الصلاة والسلام he was there that day he was present this film الإمام الحمايدي he narrated from عبد الله he narrated from سعوية محمد و عبد الرحمان who were both the children of who the children of أبو باكر السديق رضي الله و تعالى أبو باكر السديق صام قال لا بوث of themselves محمد من أبي باكر العبد الرحمان من أبي باكر من بوث of themselves قال رسول الله that the Prophet صلى الله عليه وسلم لقد شاهدت I participated في دارة عبد الله و جلعان that I participated in what the house of عبد الله و جلعان okay حلفن I was there for a confideracy that they took that took place لو دعيتو به في الإسلام if I was called to this confideracy in Islam لأجب to I would have accepted it if this confideracy I was called to it again and I was told to come and participate in it أين بي الله محمد و جلعان أمام أحمد narrated in his mustad أبنو حباني صحيح authentic chain from who عبد الرحمان ابن عوفن that the Prophet صلى الله عليه وسلم he said شاهدت حلف I participated in what حلف المطيبين the Prophet صلى الله عليه وسلم I participated in what حلف و what حلف المطيبين is the same as حلف الفضول is the same same confideracy the Prophet I participated in it مع حمومتي with my uncles و أنا أولام when I was a young boy that day فما أحب أن لي حمر النعم and I the Prophet صلى الله عليه وسلم said I would not have loved فما أحب أن لي حمر النعم I would not have loved for it to be for me a red camel و إني أنكوته the Prophet صلى الله عليه وسلم he said I would not love for it to be for me a red camel in other words that day was what it was what every single thing for me to participate in that what to participate in that confideracy عليه الصلاة و سلام here there's a waqfa that we want to have brothers and sisters which is as you all know الله سبحانه و تعالى سد القرآن دان واط آياتك عوات آياتك آياتك محكمان آياتك أكلي الله سبحانه و تعالى الذي أنزل عليك الكتاب منه آيات محكمات هن أم الكتاب و أخر متشابها فما الذين في قلوبهم زيغل فيتبعون ما تشابها منه بتغاء الفتنة وبتغاء تأويل وما يعلم تأويله إلا الله والراسخون في العلم يقولون آمن به كل من به كل من بيدي ربنا وما يدكّر إلا وما يدكّر إلا أولو الناب الله تزد القرآن There are two types آيات which are the two types and آيات which are what and big rules What did Allah praise the believers in this particular verse What is it that Allah praised the believers for? Allah praised the believers for? He praised them for being من يجب أن يتبعون الآيات الذين يحكمون الآيات الذين لا يوجد أيضاً مختلفة أخرى والآيات التي يحكم is like خلوه تعالى خلوه الله أحد هل يجب أن أحد يتبع أي أحد أخرى؟ إنه كريستو كليورا ولكن إذا كنا نقول الله في القرآن إننا نحنو نزلنا نحن نحن نحن هل يتبعون أحد أخرى؟ هل يستخدمون أحد أخرى؟ هل يستخدمون أي أحد أخرى؟ أحد يتبعون من المعارض؟ نعم يمكن أن يكون right لذا يمكن أن يخدمون جميع من المعارض وكل time it's restricted with whatever إبنانسة إستانوان إبنانسة إسترح في تالينا يمكن أن يستخدم المتكلم معه غيره أحد يتبعون معه ويمكن أن يكون وإن أحد يتبعون من المعارض وقرآن وإن أحد يتبعون من المعارض who's speaking out of royalty يمكن أن يأخذ أي من those meanings ولكن المتكلمون ما يفعله؟ عندما يتردن إن نحن نزلنا الذكره ما يفعل له إنه نحن وإن نحن وإن نحن ما هي أحد أحد من the two meanings ما يفعله؟ ويوضحه؟ لماذا يفعله؟ لأن أخذوا أن هنا أحد فهي يجرر بشكل الوصول التي يمكنه أن تقوم بشكل كبير من أحد فهي يردر أن يدفع أحد أحيان with the ayat which are what the crystal clear verses right صح برادس ونصف الأوصول في إجراء جميل now we find sometimes some people what they would do is that they would leave those verses which are clear and they would look for verses which are what that are bigus, they are vague they can take more than one meaning they would take those verses and they would use that verse as though it's the ماذا؟ إنه محكمة والله قلت لنا إنه سيقول فأما الذين في قلوبهم ذيغن الناس يدفعون يتبعون يتبعون يتبعون يتبعون يتبعون عندما يرى كل هذه الواقع يتبعون ولذلك هذا الشيء يأتي على وفدي نجران عندما يأتي إلى المفتوح ومحمد يجد في قرآن اللهم سبحانه وتعالى يتبعون المفتوح يقول كيف؟ يقول أقل الجمع ثلاثة المفتوح في العرب المفتوح في العرب لأن العرب يوجد one يوجد دول يوجد مفرد ومفتوح مفتوح من الجمع ثلاثة لذلك القرآن يكون لتبعى what? Trinity و This concept of Allah is Trinity محمد يقول Your Qur'an follows us then Allah came down which was this verse which we're reading و which was revealed to the prophet this particular verse this particular verse came down so we always need to realize that there are going to be people who are always going to use verses like that we all together and just because that's the case that doesn't mean that this should be this ayat should be taken back to the ayat ماذا يعني بذلك ؟ ما يعني بذلك أخيه أخيه أخيه هناك تفكير في رسولنا المعرفة للولاة و ماذا ؟ البراة وولاة يعني ماذا ؟ أحب المحب و البراة يعني ماذا ؟ هذا مجرد أسواجية أحب صح و هذا شيء يتعب الإسلام و يتعب أحب و أحب we love those who love Allah in his messenger we hate those who hate Allah in his messenger صح براة that's the concept of لا إله إلا الله that's when you say لا إله إلا الله is و لا صح إلا الله is what is what it's براة you free yourself are we all together brothers صح this و لا and this براة your brothers it narrow it goes down it goes it doesn't just refer to a believer sorry this believer it also goes to what the disbeliever so the believer it goes towards the disbeliever and then the believer who is pious who is righteous whose أقيد and his creed is sound he is praying in the message he is obedient to Allah he is rarely doing sins are you going to treat him like the one who sins is your love going to be the same for both of them the one who is committing crimes the one who is drinking alcohol the one who is fornicating the one the one the one are they both going to be the same are they the same are they the same no they're not the same in any way form or shape they're different and that's why the Prophet عليه الصلاة والسلام he told us oh تقور الإيمان the highest branch of إيمان is what الحب في الله والبوض it's to Allah and it's to what it is also to hate for the sake of Allah one of the مقاصد الشريع one of the objective that the religion of Islam holds and it has is the issue of are you allowed to as a Muslim a person who's holding on to the sunnah can I use the story of حلف الفضول as an argument to say that I can work with people of deviated corrupted views people whose beliefs is wrong and it's corrupt can I work with them because the Prophet عليه الصلاة والسلام said if حلف الفضول was done again and a treaty like this took place again can I what the Prophet عليه الصلاة والسلام said I would have done it so can somebody say look this shows that we can all Muslims work together whether they are whatever they may be everyone can work together can we use this as an argument or can we not no we can't because the issue of people who are of deviated corrupted beliefs and the fact that we disassociate ourselves from them is something that you would find in the Qur'an something that you find in the sunnah and something that you find in the اجماع of the ummah the consense of the ummah let's have a look over this إن شاء الله the Qur'an and إن شاء الله I'm reading from here right now from whose كلام I'm reading from الشيخ بكرة وزيد رحم الله هذه رسالة هجر المبتدئ the boy cutting of the innovators the boy call a person who's upon innovation بكرة وزيد has a before I read the before I go into the before I go forward into the concept I did something I want to bring to your attention every one of you which is a كلام before I bring the evidence there's a كلام I want to bring to you guys said by I was حق الشاطبي رحم الله اللي مام الشاطبي he said a very powerful statement in his كتابة الأتصار اللي مام الشاطبي he said he says فإن الإيواء يجامع توقيخ association with somebody being with something it brings about veneration of this person you're honoring this person when you're hung around and you're chilling with them you're honoring them you're venerating them you're saying that you're worth my time you're worth the sit this is what you're saying or what's with شاطبي said that that is clear لأن المشيئ because you walk into that person I'm going out of my way for them I'm going to go to them والتوقير and venerating glorifying this person تعظيم له لأجل بداعتي doing this which is to honor him to venerate him to put him up because of his innovation he said وقد علمنا we also know أن الشبع يبمر بزجل that the sharia calls us to what for him to be rebuked and scolded وإهاناته and to what and for him to be also what to be belittled the sharia really commanded us to what to belittle him to put him down to not put him up or give him any weight وإذلاله أشد من هذا for you to walk to him means you're honoring you're venerating but the sharia what did it command us to do belittle him don't give him any impotence good قد ضرب الو القتل like killing him if there is an Islamic court Islamic government beating him lashing him because of the statements that he said about the Quran this how it is فصارة وقيروا صدودة عن العمل بشارع الإسلام honoring him الله وكبر it's a very powerful point so honoring of him and venerating him has become a what صدودة عن العمل بشارع إله it's become an obstacle from implementing the sharia which is to belittle him when you're honoring him you're going against it's an obstacle between you and implementation of the sharia in this regard وإقبال العلما يبادوا وينافيه and it's actually that you're facing that which opposes it and negates it والإسلام ولا ينهد وإلا بتاك العمل pay attention to this and Islam does not become destroyed meaning a building does not collapse إسلام does not collapse except when people stop implementing it it becomes collapsed so these people what are they working towards who would work with for example people who are so it's what it's causing harm to the religion and then look what he says شارطه venerating honoring respecting an innovator he said the harm that is in it it goes back to two issues that cause harm to the religion الأول إحداهما دفعه إلتفات العامة والجوهالي إلى ذلك التوقيع the general mass are looking at you and the way you're honoring this innovator and from that يعتقدون في المتدع أنه أفضل من الناس he started to believe that this innovator is the best of people وانما هو عليه خير من عليه غيره so they started to believe that what he's upon is what better than what the other people are on so you add that لاتباعه على بدعته دون التباعه لسنة على سنة so it makes the people follow the innovator in his innovation instead of following اهل السنة سنة و الثانية the second harm that it brings is أنه إذا وقرا من أجل بدعته that if you honor him and you venerate him because of his innovation that he holds صار دالة this then becomes it becomes المحرب لهو على إنشاء الإبتداع في كل شيء المحرب لهو على الإنشاء الإبتداع في كل شيء it becomes you're actually urging him saying look what come with your innovation come with more innovation come with innovate more things into the religion you're giving him the ammunition and the mindset to come with that وعلى كل حال in all matters in reality at the end of this the innovation is going to live و تموت السنة and the sunna dies and this is destroying Islam in its reality صحيح that's what it is إبنو بطة رحم الله إليس كتاب إليبانا he says something very powerful he said إخواني أني فكرت إبنو بطة السين I thought I ponded what did he think about السبب الذي أخراج أقوامه من السنة a reason what took people out of the sunnah and it took them out of the جباعة وطرهم إلى البدعة and it forced them to come with innovation and evil things into Islam وفت حباب البلية and opened the doors of harm to these people عالا أفيدتهم and also blocked from them وحجم المور الحق and also blocked from them the light of the truth and بصيرتهم from their eyes فأجدتوا ذلك وانتظروا I realized there were two reasons that made them fall into this the reason why they can't see the truth for what it really is the reason why they left the sunnah and they're not from the people of the sunnah the reason why they're coming with innovation and they keep calling to innovation he said I thought about it and he said I realized it's because there's two things number one the first one is looking and researching and trying to find out وكثرة تسؤال asking questions عما لا يعني that which doesn't benefit you asking unnecessary questions what about if Allah wants to do this you know how people just want to think outside the box they're asking stop where the previous people have stood and those things it doesn't harm a wise person to be ignorant about some things the ignorance of it doesn't harm you really good and if a believer understands it it won't benefit them they start looking for those things good والآخر the second reason I found that these people became corrupted and harmed is because مجالسة they sat with a person who it's not safe their trials and tribulations تفسد القلوبة and sitting with them who harmed the what who harmed the people's hearts but what do you do الشيخ اللابة بكر ابوزيل he brought he brought آيات from the Quran I advise you إن شاء الله we aren't going to go through this in detail in more details الشيخ بكر ابوزيل he talks about آيات from the Quran that speak about staying away from the innovators and he mentioned that he's going to get four verses one is going to be from صورة الأنعام صورة النساء صورة الهود and صورة المجادلة four eyes in the Quran all of them show that you should not sit with an innovator you should not this is the Quran the first one is the first one is صورة الأنعام آية 68 الله سبحانه وتعالى سيد وإذا رأيت الذين يخوبون في آياتنا فأعرض عنهم حتى يخوبوا في حديث غيره وإما ينسي أنك الشيطان فلا تقعد بعد ذكراء معلقون the ظالمين الله سبحانه وتعالى وإذا رأيت الذين ترى فأعرض عنهم يخوبونه وإندولج them into our verses فأعرض عنهم and turn away from those innovators who are indulging into the verses who are speaking about this matter with no knowledge turn away from them فأعرض عنهم and turn away from them حتى يخوبوا في حديث غيره until they go into something other than the insults that they are dwelling inside وإما ينسي شيطان makes you forget this and makes you sit with them لا تقعد with them فلا تقعد with these people فلا تقعد with them after the reminder has come to you don't sit with these people وَدَزِي سَيْتَأَيَا This ayah brings the kalam of who ألمام القرطبي brings the kalam of who the great maliki scholar وهي ساد وهذا دليل This is the evidence على أن مجالسة أهل الكبائل لا تحلوه but it's sitting with the sinners the people who commit major sins that is not permissible good شوكاني has a very powerful statement في الكتاب فتحل قدير رحمه الله تعالى also the second verse that he brings صورة النساء الله سبحانه وتعالى وقد نزل عليكم في الكتاب أن إذا سمعتم آيات الله يكفروا بها ويستهزاءوا بها فلا تقعدوا معهم حتى يخوضوا الله جامع كمنافقين والكافلين في جهن المجمع قرطبي in this ayah he also mentions that فدلها بهادا على وضوب تنابي أصحاب المعاصي إذا ظهر منه منكر now this ayah is clear for what that you stay away from the people of sins if the evil becomes clear from them until he says وإذا ثبت تجنب أصحاب المعاصي كما بيلا فتجنب أهل البداعي والأهوائي أولا when it becomes clear that you have to stay away from the sinners when it becomes clear from them the sin that they are doing then the innovators and the people of desires is more rightful there is more sense because the sinner is lower than the innovator the innovator is higher in evil good قرطبي that brings the third ayah which is وَلا تَرْقَنُوا إِلَا الَّذِينَ ضَلَمُوا فَا تَمَسَّقُمُنَّا وَمَا لَكُمْ مِنْدُونِ اللَّهِ مِنْ أوْلِياءَ ثم لا تُنصَرُون which is in Surah Tuhud ayah 33 قرطبي says that this ayah is what الصحيح في معنى هذه الآية of what's right in the verse of this ayah أنها دلتُ علىه تراني أهل الكفر والمعاصم من أهل البداعي وغيرهم this ayah is clear cut an indication to boycott the disbelievers the sinners the innovators and other than them فإن صحبتهم because befriending these people is kufr or it's a ma'sia إذا الصحبة لا تكونوا because companionship does not except from what إلا عن مودة except love وقال العبد ودري سي عن المرء لا تسأل وسأل عن قرينه فكل قرين بالمقارن يقتل don't ask about a person but ask about who he a company for every individual the person that they a company is is who they follow the fourth evidence which is the last الله says in Surah المجادلة لا تجدوا قوم يؤمنون بالله وليوم آخر وادون من حد الله ورسوله ولو كانوا أباهم أو أبناءهم أو إخوانهم أو أشيارتهم that you do not find a believer who believe in Allah they believe in the day of judgment they show love and allegiance to who a people who gone against Allah is a messenger even if those people are your fathers your parents your brothers and your close family members قرطوا بيستدل ماليك ورحمة الله الإمام الماليك يستدل ماليك ورحمة الله الإمام الماليك يستدل من هذه الآية على معادات القدرية لما ماليك يستدل to show hate to the people who go against the judgment who don't believe in the judgment وترك مجالساتهم and not to sit with them أشهب who is a student وماليك يقول قالم ماليك يقول لا to jealous القدرية don't sit with the qadaria and show hate towards them إمام الماليك يستدل لا تجد القوم يومي نبله وليومي ناخر وإنذ برحان الله إذا كنتوا ببقية كنتوا بحديث لو كنتوا بترأى أخية وكتب كنتوا بسلم بقلها look at the book of عقيدة الإمام الماليك is the most authentic book after the book of Allah, right it's the most authentic book let's look at the chapter in здесь بخاري just to see show you that this is something that was propagated and pushed by the scholars الامام المخاريه رحمه الله يقول يسأل بابو شبطة الهجرة بويكوتن I'm leaving وقولوا رسول الله نستعمل أبدا فرصة عسلم لا يحلوا لرجل أن يهجر أخاه وفوقه ثلاثين لا بويكوتن his brother for three days he chapt in the chapter right now and then he chapt in another chapter صحيح بوخاريه رحمه الله يقول وبابو ما يجوزه من الهجراء اللي هو العصر the chapter of who is it permissible to boycott them if they sin another chapter بوخاريه another chapter وبابو ملم يسلم على من اقترف دمبل وملم يلوده سلامه حتى تتبير طبطه وإلى ما تتبير طبط العاصر that the man who chapt in another chapter a person you should not greet who fell into sins and you do not respond to even if they give you salams until he repents and his tauba becomes clear and why can his tauba become clear from his sins بوخاريه زينس أبو داود in the same أبو داود he chapt in his sunan with the lead to chapter بابو مجانبة أهل الأهوائي ومغبهه the chapter of hating the elevators and showing hate towards them he chapt another part he called it بابو تركي السلام على أهل الأهواء leaving of saying Salam عليكم to the innovators ألمام الناوي الرياض الصالحين he chapt the whole bab in his book ودريكو لبابو تحريب الهجري بين المسلمين إلى اللي بدعتين في المهجوري أو طباهه رب الفسقي the chapter which is prohibition of Muslims boycotting each other unless it's due to him falling into innovation or him bringing an expressing transgression فسق ألمام البغو ينشفح السنة بابو مجانبة أهل الأهواء going against boycotting the innovators ألمام المنذري إنس كتابة ترغيب والترهيب يكون الترهيب بالحب الأشراري وأهل البداعي لأنه المرأة مع عمل أحبة staying away from leaving off loving the people of evil the innovators because the person is with who he loves all of these are علامة والسنة any book any book عقيدة that you pick up they speak about these issues لذلك ودي the prophet صلى الله عليه وسلم tell us in advance and Imam Musa narrated this in his مقدمة and the prophet said سيقولوا في آخر أمتي at the latest stage of my ummah there's going to be نا سرع people يحديثونكم they will tell you بما لم تسمعونا which you have not heard أنتم ولا أباكم you haven't heard it nor have your fathers heard about it فإياكم وإياهم stay away from them and let them stay away from you guys stay away from each other there's going to come a people we're going to come they're going to say things about Islam they're going to push new concepts you've not seen this in the Qur'an you've not seen this in the Sunnah they come in strange opinions the prophet clearly instructed us what to do when they say في آقم وإياهم you stay away from them and they'll stay away from you إذن this is the Qur'an this is the Sunnah the prophet said look to his old wife عائشة he recited the ayah والذي أنزل عليك and then the prophet said to عائشة عائشة أولائك اللي دينا سم الله these are the ones what Allah mentioned when these people who are following the ambiguous verses and they leave in the clear cut verses they're the ones سبحانه وتعالى what he mentioned to you عائشة أولائك اللي دينا سم الله they're the ones what Allah mentioned to you فحذرو عائشة be cautious of them عائشة be careful of these people this is who this is our mother عائشة she's more knowledgeable than all of us put together here and if you look at the Kitab by إبنو بطر رحمه الله إبنو بطر رحمه محمد المسائب محمد المسائب he was told to relax you know be upon the sunnah and everything he was upon the sunnah he was a man on the sunnah what did he do محمد المسائب he said I'm going to go to the Murgi'a I'm going to listen to their doubts and once I memorize their doubts I'm going to come back and what am I going to do I'm going to respond to it one after the other صح he became a member of this he became a member of this the man that you see today or you heard of that killed Ali bin Abi Atalib what's his name عبدر حمالي بلو عبدر حمالي الولجم who killed Ali bin Abi Atalib was a man who was previous before that what was he upon he was a man on the sunnah before that but you know who took him away a woman he married who was a khawarij she was of the belief of the khawarij so when he married her she got him he married her say that he's going to bring her from that he married her and he said he's going to make her leave the belief of the khawarij and then what happened when he married her she what she dragged him into the belief and he became a person who killed who Ali bin Abi Atalib he tried to get closer to tried to get closer to who ولي ذلك he memorized this statement شخبك ربزيت says this in his kitab in his book هجل مبتل memorized this anyone who loses الولاء والبراء for the مبتدع قد نقحب الولاء والبراء for the كفار memorized that anyone who's belief of الولاء والبراء for the مبتدع dies out is a stepping stone and should it won't exist الولاء والبراء for the كفار however much they tell you ذهب الولاء البراء للكفار does that make sense to you اجمع I'm going to bring you the اجمع of the umma القادي أبويا على بوت اجمع on this issue لقريسان رحمة الله اجمع الصحابة والتابعون على مقاطعة المتدع that the Sahabas unanimously agreed the tabi'u they unanimously agreed that the boy cutting the boy cutting of the innovators أرمام البغوية in the story of كعمل ماليك when he did not participate in the battle of Bader sorry the battle of Tabouk كعمل ماليك is a what is a noble companion when he did not participate in the battle of what he did not participate in the battle of Tabouk he didn't what did the prophet do the prophet boy cutting the prophet boy cutting the scholar used this hadith to show that anybody who does not do according to the sunnah his what his boy cutting كعمل ماليك was boy cutting الامام البغوية in that story he brought a he said look at this وقد مضت الصحابة والتابعون واتباعهم وعلماء السنة على هذا مجمعين متفقين على معادات أهل البداية ومهاجرتين the Sahabas and the tabi'u and the students and the all of them unanimously agreed upon they all came together على معادات أهل البداية show and hate the innovators and boy cutting them leaving them ابن عبد البر he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a he brings a لكنهم لم يفرقون على الإينابيتر والإينابيترين وكل من أصلا معصية المتعدية إلى غيري وكل من لا يجب أن يذهب إلى الآخرين أخادي وصديقي هذه المسألة من المقاطعته البدع هذا هو ما القرآن والسنة التي تظهرون والسنة التي تظهرون بفرصة أسلم وإجماع الأمة هي مناعكة هذا ليس مناعكة مجموعة من الناس كما يجب أن يتجد الملوات كل كتاب يمتلون بأي now إصول إتغالية لسنة والجميع يتقومون بأمور وصغير بذلك أكثر أو أكثر إذا يمتلون، فكروا السنة لأمام المزين وكروا السنة لأمام البربهاري يمتلون أصول السنة لأمام محمد رحمه الله يمتلون إجماع الإجمع على الحرب الكرمان يمتلون أمام الصابوني ويقيدوا السرف أصحاب الحليت يبقوا لصماعي لسكتاب اذهب وظهر اهمار مباكونو تيمز عائلink it to see the middle brother اذهب ا Schnabel حموية تدمورية اذهب كتابه العقد الطحوية اهدي اي كتاب من كتاب العقاية ررقم با يدعم العلم قد ننم بعد جهول الرأس يبقواه في الكتاب لقد اكتبوا اكتبوا من الجهول متأثية عندما يقول لنا الان يجب أن نتعجل كل شيء خلية إذا ما تقول يعملون بكومها أنه منطقت حد منunks الشيطان من الله يزمسج عفي فمت سبحانك اللهم بحمدك أشهد والله إلهي اللهم الله أستغفر وكتب لي


Energy 808, The Cutting Edge, I'm Jay Fidel. This is Think Tech and on the phone with me is Marco Mangelsdorf, who joins us from ProVision Solar in Hilo, Hawaii. Welcome back to the show, Marco. Good morning, but I'm just going to say it is an enchanted Monday morning whenever I get a chance to talk to you, my friend, so thank you so much for having me back. I am thankful. I am thankful that you haven't broke out in song. Well, let's move on. There are three things we're going to cover in Energy 808 today. One is the solar coaster, largely in Oahu, but around the state. And two is we're going to cover the status of PGV, Pune Geothermal Adventure and the future of geothermal in Hawaii, Big Island and maybe more. And the third is the PUC, the Public Utilities Commission, how they're doing and how their view of things has affected the movement of renewable energy in the state of Hawaii. So very excited about this. Let's start now. Let's start now, Marco. Let's talk about the solar coaster, and I know that's your term. 100% definitively take ownership of the solar coaster. I just remember using it myself a number of years ago, and whether I saw it used by somebody else or I was very first, I don't know. It's kind of taken on a life of its own, but I do find it to be rather descriptive in terms of what we've been experiencing here in Hawaii in terms of the rooftop solar market. You're trying to say that it's been up and down over the past several years, and sometimes fantastic up and sometimes fantastic down. Yeah, and I was able to, with the help of my great staff here, we've got data going back to 2011-2012, so a good chunk of time that we've been able to track and pretty much real-time kind of what the solar industry is doing out here. So we just recently crunched the July numbers for Oahu, and Oahu, of course, is the biggest market in the state, and the good news is that there was a bump last month in terms of PV permits issued by the folks at the Honolulu Department of Planning and Permitting. They issued 369, but it will take system permits last month compared to 219 for July of 2018, so that came out to an increase of 68%, which was one of the biggest year-over-year bumps for a month since the slowing down of the solar coaster. The total number of PV permits, January to July this year compared to the same trade last year, was up a smaller percentage of 3.6%, and what's uninteresting to note is if you look at the, I don't know if you've had a chance to post that graphic. Yeah, let's put the graphic up. Okay, this is called 2012-2019 Oahu PV Permits Issue. This is the Department of Planning and Permitting numbers, I guess. Yeah, this is all open source data. Anybody who has the time and inclination to go through thousands of PDFs from the county, or the city of Honolulu, can go ahead and do the data crunching themselves. But effectively, our boom time years for rooftop solar here across the state were between 2012 and 2015, when there was anywhere from 16 to 21,000 photovoltaic system permits issued across the four counties of the state, and it was again 16 to 21,000, and the average over the past three years, including 2019, has been around 5,000, 5,000 plus or minus, maybe a couple of hundred, so it appears that we're reaching perhaps kind of a, I don't know, a stasis point or a place where maybe the new normal is certainly significantly down from the old normal of between 16 to 21,000 permits per year, the new normal being around 5,000 PV permits per year across the state. So looking at this chart, looking at this chart and looking at these years and looking at the high years there at the beginning and the stasis years now, the last couple years, what conclusions would you reach about where we're going on this? Why have we had this particular chart? Why has it been like this, and what does it tell us? Oh, those are great questions, Jay. Why has it been this way? You know, in any type of product and service, especially a big ticket item like a photovoltaic system installation, you're going to see an adoption curve with the early adopters, small number of early adopters at the beginning of adopting any type of product or service, and then you get a ramp up, kind of bell shaped curve of more and more people getting on board, so to speak, and then inevitably, especially when you have a finite number of possible consumers of the product, you're going to start getting on the tail end of that graph. And I think one could make the case, at least according to the data that I've been crunching and living and breathing by for the past years is that in terms of the adoption of rooftop solar, rooftop solar in the state of Hawaii, that as much as it hurts me to observe this, I think we're apparently on the tail end of the adoption curve, the incentives which existed to allow for substantial expansion, like we saw, 2011, 2012, 2013, 2014, 2015. One of the biggest incentives was net energy metering, and that was available in the state from 2001 to 2015, so 14 years. So you can certainly make a correlation observation that when NEM was brought to a close by regulatory fiat in October of 2015, that's essentially marked the beginning of the ramp down in terms of adoption. So I think that's an important point, and I think, you know, that the desire of home owners to go PV, clearly according to the data, the desire has peaked. Now is it possible to make a case for the desire and ramp up, a significant ramp up over time of the solar coaster? I mean, I'd love to be able to make the argument yes, that in fact is entirely possible. Well, let me ask you this though. I'll assume that these are new installations rather than adding storage or revamped remodel installations. These are all brand new installations of PV. Predominantly yes, very predominantly yes. So assuming all that, if I made you king, or a benevolent dictator person who could call the shots, then, you know, what would you do to get us back to the kind of accelerated installation we had before? What changes would you make in terms of incentives and other tax breaks in terms of regulatory change? What would you do to, you know, move the speed back up? Well, I mean, there's a part of me which is I'd like to feel somewhat grounded in reality and understand that energy metering is great as it was. I mean, I was one of the few people in the industry who was calling for it to be brought to an end back in 2014 and 2015 because there was an incentive that was wildly successful. And I happen to believe that just because you have an incentive for a certain amount of time doesn't mean you should have an incentive in perpetuity. So to argue, well, let's bring back NEM to me, I just can't make that argument from a number of different angles. So I'm not going to say let's bring back NEM because that's not where we're at anymore. I mean, let me address your question this way. I mean, Tesla came out last week and their market share has dropped off the map largely. Their previous incarnation of Solar City prior to Tesla under Elon Musk purchasing Solar City back in 2016. Solar City was the path breaker. They were the dominant kids on the block for a rooftop solar for residential under the third party leasing and power purchase agreement framework. And they have since over the past years, their market share has dropped. Sunrun has become number one, Viv and Sunnova. And now Tesla is either number three or number four. And they came up with the idea last week as a way of trying to reinvigorate their market share and getting back into the market of renting, get this Jay, renting the solar electric system to a homeowner where the homeowner is paying nothing out of pocket and instead agrees to have a solar system installed on his or her home where the homeowner is paying a monthly rental fee. And I don't know if there's a long term contract involved, but assuming the rental fee is going to be less than the accrued savings on a monthly basis, because who's going to want to rent a product where they're paying, where they're not getting commensurate, if not more than commensurate savings on their utility bill.  And maybe what's a rent to own possibility, but it is trying to lower the acquisition cost to the homeowner as a way of accelerating or trying to increase the demand for the products. I mean, if he's creative, certainly I hadn't heard of that before. And as to whether it's going to be successful or not, it's too early to tell. Well, it's good to see innovation. But before we leave the subject, and we do have to leave it, I wanted to ask you one other thing. These numbers and this chart we're talking about is this sort of bare data, the sense that it's the number of permits issued for the installation of solar. But there are other things changing under the hood all the time. The number of local companies has changed. The local of national companies that have come into this market has changed. Their capitalization has changed. So many things have changed. And I wonder if you could give us a handle on what is happening under the hood. We have a consolidation here. We have an in and out arrangement where we don't, you know, we don't know. Let's take a short break, Marco. And we'll come back and you can answer that question. Okay. Aloha. I'm Keisha King, host of At the Crossroads, where we have conversations that are real and relevant. We have spoken with community leaders from right here locally in Hawaii and all around the world. Won't you join us on thinktechhawaii.com or on YouTube on the Think Tech Hawaii channel. Our conversations are real, relevant, and lots of fun. I'll see you at the Crossroads. Aloha. Aloha. My name is Wendy Lowe, and I want you to join me as we take our health back. On my show, all we do is talk about things in everyday life in Hawaii or abroad. I have guests on board that would just talk about different aspects of health in every, in every way, whether it's medical health, nutritional health, diabetic health, you name it, we'll talk about it. Even financial health will even have some of the Miss Hawaii's on board and all the different topics that I feel will make your health and your lifestyle a lot better. So come join me. I welcome you to take your health back. Mahalo. Hey, hello, everyone, and welcome to the Think Tech Hawaii studio. My name is Andrew Lanning. I'm the host of the Pretty Matters Hawaii. We air here every Tuesday at 10 a.m. Hawaii time, trying to bring you issues about security that you may not know, issues that can protect your family, protect yourself, protect our community, protect our companies, the folks we work with. Please join us and I hope you can maybe get a little different perspective on how to live a little safer. Aloha. Energy 808, the cutting edge with Marko Mangelsdorf, who joins us by remote call from Hilo, Hawaii. So Marko, the question that we were talking with before the break was all about the changes in the industry as it exists here. Consolidation or the opposite? What have we got going on? A couple of quick takeaways, Jay. One thing that stood out to me is the dominant player in the Hawaii market over the past several years has been a company called Sun Run. They have a strong presence on Oahu, the big island, not so on Maui, as far as I know, maybe a little bit on Kauai. They have seen a significant drop-off in their permit count so far this year for seven months by 62 percent, according to my data, for Oahu and 57 percent on the big island. The reason for that, I'm really not sure that's something, of course, that they're not keen to talk about, but what we're seeing is kind of a re-division of the pie as opposed to an expansion of the pie, although the pie has expanded by 3.6 percent from this year to last year. The other big thing that I'd love to trump it is that the deployment of energy storage has gone up significantly. Two years ago, that figure was roughly under 30 percent of all PV systems permitted on Oahu had battery storage and now we're up to 75 percent so far this year. Clearly, under 30 to 75, that's a monumental increase. That's only going to continue to go up. The dominant players so far in terms of battery storage residential are Tesla with their Powerwall and LG Chem, a big South Korean conglomerate with their RESU line. Those are really kind of the two dominant players in Hawaii, and interestingly, not surprisingly, those are the two dominant players in the golden state market of California. Well, we've got to continue to cover this, Marco. Obviously, it's an ongoing issue. There's so many things happening that we need to understand it better and better as we go forward. It's the most promising renewable in the array and if we're going to get to our targets, we'd better use it and watch it. Let's move on to our second point though. Our second point was what is going on with PGV, Pune Geothermal Venture. I mean, we had an eruption a year and change ago. It couldn't even get down there because of the road. There was all these issues about when are you going to start again and can you start under the existing power purchase agreement or are we going to have to reorganize the whole thing? What's the status? It's an ongoing saga there, Jay, and it's really quite fascinating to me for a number of reasons. Just in the brief history, like you said, PGV was operating pretty much nonstop for 25 years, 1993 roughly to 2018 till the first week of May when they went offline in reaction to rather serious volcanic eruption and lava flows, we all know, and now we're August 26th and the power plant is still offline. Helco and Ormat, Ormat being the parent company of Pune Geothermal Venture, their assumption was, has been that after PGV spending the necessary money to bring the plant back to life, that it was essentially a pretty clear road and path to be able to fire up the plant again and start selling power to Helco. And that assumption has been now clearly have been shattered by the Public Utilities Commission saying not so fast, essentially. And what I mean by that is that there's been discussions and rumors and press coverage that there is a renegotiation taking place between Helco and between PGV regarding what the purchase price is going to be of 25 megawatts, the first 25 megawatts of power output from that plant. Because FYI, ever since PGV has been in operation for decades, those first 25 megawatts have been priced at the so-called avoided cost rate. What's the avoided cost? The avoided cost is what Helco, Hiko, and Niko determined to be what the, if they were to no longer peg, excuse me, if they, it's peg to the cost of oil. So as the cost of oil goes up, the avoided cost payments from the utility company to the power producer goes up and as they go down, the payments go down. So this particular avoided cost rate structure or price structure was officially banned by our legislature back in 2006 signed by Governor Lingle at the time and ever since then, 12, 13 years ago, there have been no new power purchase agreements that have been at avoided cost. But the first 25 megawatts of PGV has been at avoided cost. So as a sweetener, to be able to smooth the power plant going back online, there have been negotiations between Helco and PGV for those first 25 megawatts to take it, to no longer have it be avoided cost and have it be at a fixed, a sensibly lower price that would be more attractive for essentially benefit ratepayers on the Big Island and also make it more palatable to the PUC to approve PGV going back online. Well, compromise is always good. Negotiation and compromise is always good. And I guess that's those elements of compromise sound reasonable. What's the problem? Well, the key takeaway here is that the commission is effectively saying we will wait before we allow PGV to come back online until we will wait until we have a fully completed and submit it to us to PUC because this is all of course subject to regulatory approval. We will wait until you Helco and you PGV provide us with a completed new power purchase agreement for those first 25 megawatts. So the assumption on the part of Hawaiian Electric has been up until last week that they would be able to move forward with going back online at some point in the not too distant future or so they hope as they continue to negotiate with PGV to come up with a done deal contract and the commission essentially says no we are not going to give you the green light to move forward until you provide us a completely negotiated finalized PPA for those first 25 megawatts so that we will review and approve or not approve whether those terms are acceptable and in the public interest. Well, I can see this is going to affect the timeline because those steps take time but how does it affect the future of PGV? Is this a good you know can this be a good thing for PGV or is this some sort of death knell for PGV? It's not good news. I don't think anybody could spin it as good news because I mean by my rough calculation the geothermal venture and ORMAT is losing about three million dollars a month in terms of lost revenue due to not being able to sell power for Halco and you know you add that up over month after month after month I mean that adds up to some real money you know ORMAT is a you know fairly big company but how much can they continue to sustain? How long can they continue to sustain loss of three million dollars a month revenue and I have no idea how long any type of business interruption insurance continues you know it doesn't continue in perpetuity I can't imagine so no no it's definitely not good news and this definitely from what I can tell pushes out any possibility PGV coming back online until sometime next year sometime next year. You want to do it at the end of this year but I guess that's off the table right now. That is that seems to strike me as completely off the table. Yeah one other thing is that we you know we have the protesters they've wanted protesters top of Mauna Kea and for a long time there were native Hawaiian protesters protesting PGV on the basis that it was a piercing belly's breast and all those issues and I and I wonder if those protesters are also targeting PGV. Do we have an unresolved cultural conflict here? I have heard absolutely nothing about any protests or protectors being in the vicinity of of PGV nothing so I think that the attraction surely is Mauna Kea as opposed to what may happen in the future regarding kuna geothermal venture. Okay well let's move on to our third point and I guess this relates to an article you sent me entitled Hawaii Public Utilities Commission Transforming Electricity Sector. Can you talk about that article and you know what you know what summarize it and what it means in terms of the future. Sure I just give a shout out to our friend Henry Curtis first of all because he is one of those folks who's working the trenches day in day out you know keeping the public informed of energy happenings across the state and the the Public Utilities Commission and so forth so you know it's thanks to Henry and his diligence and his dedication so I again want to give a shout out to Henry and Henry is sharing today amongst those people on his distribution list that was titled Hawaii PUC Transforming Electricity Sector and I think he's actually right on that this particular Public Utilities Commission of Jay Griff and Jenny Potter and Leo Asensio are truly a exemplar as far as I'm concerned in my you know decades of being in the trenches here an exemplar as far as the commission that is super thoughtful very progressive very proactive and very very much getting it the it's being what needs to be done in this state in terms of the clean energy transformation at a rate that we can afford to do so so that's kind of the you know the broad brush strokes of what's going on at the the macro level but you know in the trenches as we've talked about before the performance-based regulation is the most important docket before the commission and it's going to continue to take time in terms of an actual decision in order and we're easily a year and a half out I think if not longer but you know this is going to reshape the utility landscape for Hawaiian Electric out here and and I think that's a good thing there's also so-called integrated grid planning our IGP which is looking holistically at forecasting planning procuring combination of energy solutions to solve the needs of the entire system in terms of generation transmission generation transmission distribution so-called non-wire alternatives behind the meter storage and so forth and so on so in addition to that micro grid you know being able to establish clumps in the grid where you are able to keep the power on when let's say due to natural disasters trees across power lines lava flow and so forth that part of the grid is taken down but not the whole grid so it all goes towards greater robustness and resiliency of our grid so that's certainly a good thing and then the big news of last week which was Hawaiian Electric putting out a request for proposals for as much as 600 megawatts 600 million watts of renewable power generation across the five line electric service territories which would include a tremendous amount of storage as well so just a lot going on and then it's really exciting to have to be a small spectator and a small observer and a small participant like I consider myself and my company and other solar rooftop solar companies and I just feel a tremendous enthusiasm and gratitude that we do have more and more people at the top positions of decision-making bodies who really care deeply and who really get it well you know one thing you you know you mentioned that utility Hawaiian Electric is doing these large affordable take arrays and all that are those permits included in the chart we looked at earlier in this program utility scale solar is included in the list of permits issued by Department of Planning and Permitting but we're talking about in a handful of permits for these big mega systems so you know if you have a system that's going into 30 megawatts it's not you know 100 permits it's going to be yeah so you have to evaluate that chart with understanding and some few of those permits could represent hundreds of megawatts that's something we could talk about going forward yeah the other thing that strikes me is that you know and there have been so many articles about climate change so many indicia of climate change coming faster than we thought you know and on the national scale we're not moving fast enough to achieve renewables and it's a real problem it's a problem for this country in terms of energy policy it's a problem for the world and of course Hawaii has been doing its part but but the question I put to you Marco with all of that with all the optimism that you know we can find in in our place here in the sun um I'm moving fast enough uh can we move fast yeah absolutely go ahead no I mean um you know you think back to the signing of the Hawaii Clean Energy Initiative which is my goodness already 11 years ago and she had Connie Lau from HCI you had Governor Lingo you had people from the Fed and it was you know it was kind of a key marker and what have we done in the past 11 years well we've definitely made progress but I feel a greater much greater sense of urgency not only in our state but in our country and on a planetary basis uh that the progress has to go further faster deeper further faster deeper and uh we're we're not keeping up with what needs to be done there needs to be change agents kind of at all aspects of of the of the matrix to use uh uh neo neo going back to the the matrix films what 20 years or so again or 20 years or so ago there needs to be change agents and what I call visionary disruptors at many more key nodes of the matrix and uh there are not that many of them out there I mean it takes a lot like an Elon Musk or Bill Gates and you know fill in the blank well and it takes parallel the parallel change agents right here in the state of Hawaii and I think in our discussions here on Monday on energy 808 the cutting edge we should talk about the companies and the individuals who are the change agents that matter the government officials and organizations that are the change agents and going forward we ought to do what we can and say what we need to say to keep the pressure on to keep moving ahead to realize our goals in a timely fashion and that's what energy 808 is all about right Marco on that note we're going to have to close the show I can't handle anymore thank you Marco Mangelsorf thank you for the show thank you for these great discussions I look forward to talking with you again soon parting is such sweet sorrow but uh I will I will be a swage by uh knowing it won't be forever well there was one good thing about it no doubt and that is at no time during the show that that either of us sing anything so thank you so much Marco Mahalo my friend Mahalo


Thank you. Thank you for the opportunity to see the front desk. I am very happy to see you again. Thank you. We're very happy to have you. Thank you. Come back here. Thank you. I just wanted to welcome you back and say we're happy to have you. And we're happy to confirm this by the call. Hi. Hi. Can you call the camera? The camera? The camera? The camera? The camera? The camera? The camera? The camera? The camera? All together. How many くず que the other side? Because the camera here finished. Thank you. Thank you. And the camera here. How are you? I'm fine. I'm fine. Thank you. Mr. Shaker? I think you're so happy you wanted to take so many photos of yourself. If you can't take photos of yourself. I'm just kidding. Let's see how you're doing. Yes. How is she doing? How is she doing? How is she doing? So we'll just show you just how what's he doing. Do you want to take the camera? Let me go. What's his problem? What's his problem? What's his problem? What's his problem? What's his problem? If you like our video, don't forget to like, share and subscribe to our channel.


Hello in this lecture, we're going to talk about a process cost system and equivalent units using the FIFO method We will be able to at the end of this calculate equivalent units use equivalent units to allocate material and conversion cost to departments and create journal entry to transfer cost from one department to the next Alright, so this is the information that we will have here. We're gonna be looking at focusing in on Department a we're assuming there are two departments in a process cost system So remember when we're thinking about a process cost system We're thinking about something that makes the same type of units something like taffy or oil or something like that That's every unit is the same and therefore we're going to allocate the cost of the production using a process cost system Allocating the costs to a particular process in this case We're gonna have the process a and process be department a and department b and follow the costs through that flow in This way. Alright, so we have the information in terms of units over here We have the information in terms of costs This is typical information that would generally be given within a problem of this kind when we're calculating the equivalent units We have the materials and the conversion that we're talking about and now materials was pretty straightforward It's the materials the raw materials that are going into it. The conversion is gonna be the direct Direct labor and overhead labor and overhead the things that are going to convert The materials to the end product So we got to break those things out think about equivalent units in terms of materials and conversion Our goal here is to use those equivalent units to help us to allocate these costs to the proper area That the proper department proper function and that's what we will be doing at this time So note what we have here in dollars. We actually kind of know the dollars here Our goal here is to take these and then allocate the dollars to the proper department using kind of a ratio analysis That's what the equivalent units will help us to do All right, so who we have our information down here working through the problem We're gonna start with beginning working process in units. That's gonna be given in the problem So we have three thousand we would know it in real life because that's what we ended last time So that's where we're gonna start this time. This is units not dollars We want to keep these two separated as we go in this case We're talking of course units not dollars and then we're gonna have the units started and completed so units started and completed here We want to break this out. This is a bit unusual a bit new to break this out The reason we're breaking this out is because under any method or first in first out or any method if it's started and Completed we'll know how much has been allocated to those units because everything has been allocated to those unit They were both started and completed as opposed to the units that were in there at the beginning It's hard we have to think about well How much of the conversion has been done and how much hasn't been done the units that we can specifically say these were Started and completed will then we can allocate all of the information or the costs to them So we're gonna back into this number that now they're gonna give us the total units to account for 24600 minus the units that were in there at the beginning because if they were in there at the beginning We did not start them and complete them so minus 3000 and then we're gonna also subtract out the units that are still in there at the end Because if units are still in there at the end then we did not start them and complete them That's gonna be the 2400 That gives us our 19 to so this is the number. We're gonna back in to Then they've got the ending working process. We got the 2400 we would be given that in a problem We would know that in real life because we would kind of be able to count what's still left and then we have the total units So note the total units are counted for as the 3000 plus the 19 to plus the 2004 and that gives us the 24 6 but note what we really had to figure out here was actually this number So if you put all these in there, you would know this you would know this you would know this Backing in to this number. That's the kind of unusual Calculation we need to put in place so that we can allocate our equivalent units in a first in first out method So now what we're gonna do is we're gonna take this is the total units We need to account for they're not completely done all of them in terms of the materials Materials and in turn of the conversion So these are the units that are kind of half done or you know We're thinking of them have as being partially done the materials for the Units for materials the units for conversion both those equivalent units will be less than this number So we're gonna take these this number think about the materials The those same units in terms of materials then think about the same number in terms of conversion We're gonna break it out line by line So starting with the beginning units here if the units were already in there as of the beginning say if we're like making Some kind of bread or something like that and the dough was already in there. That's the first thing that goes in there We're not putting any more dough in there. It was already in there We just need to convert it or finish converting it to the ending product So here there's zero in terms of materials because it was that's nothing's gonna go in this my this Time period because it was all in there last month and therefore we have zero on the conversion side We're gonna have to say okay How done is this dough in this case in terms of going to bread and well last time they're gonna have to give us a number We're gonna have to make an estimate as of the end of the period last time Which was 40% complete as of the end of last month Therefore this month 100% minus 40% is 60% that we need to complete So we're gonna take these 3,000 units times 60% for conversion in terms of labor and overhead the stuff to convert the raw materials to the End finished goods 1,800 units. Okay, so 3,000 is zero for materials and 1,800 for the conversion in equivalent units Next we have to start it and complete it. That's this one's gonna be really easy That's why we broke it out if we started it and completed it Then all the stuff in terms of materials like dough and whatnot or you know flour and stuff went into the process this month So 100% same equivalent units for materials 19,002 same for the conversion if we started it and completed it all the direct labor and overhead went in this month Therefore we had the same 19,002 in terms of equivalent units for conversion So total units is the same as equivalent units for material and the equivalent units for conversion because We started them and completed them this time beard then we have the ending work in process ending work in process now if it's Still in the working process at the end We're assuming that we started it We like put the materials in this time and we didn't finish it if the materials were in there at the beginning We of course would have finished that round of stuff and then put more stuff in there That's the assumption under a 5-0 first in first out method Therefore if it's still in there at the end a hundred percent of the materials have been input There therefore we have the 2004 in there for materials It's the conversion that hasn't yet been done the direct labor in the overhead So in terms of direct labor and overhead They're gonna have to give us a number in real life We would have to give some kind of estimate and say okay. How done are they we're saying 80% done therefore in terms of direct labor and overhead conversion We're gonna take that two thousand four times the eighty percent and come up to the one thousand nine twenty So now we can add up our totals here So we're gonna say this is the total units to account for whether they're done or not these are the Equivalent units in terms of materials and this twenty four six compared to the equivalent units in terms of conversion Of course adding up this column here and adding up this column here. All right So now let's let's put these numbers to use next thing we're gonna do is we're gonna say all right Well, we've got our equivalent units here. We're gonna compare that to the costs and come up with a cost per equivalent unit So we're gonna just the pretty easy calculation once we have these numbers We're just gonna take the cost incurred for the period and notice it's important to take the right number here We're taking the costs during the month, right? So that's gonna be the 248 for not the total here because we're not taking into account the beginning Information that was accounted for last month. So we've got the 248 for And we're gonna divide that by the equivalent units for materials, which of course is this number that we just calculated This is a dollar amount This is a unit amount and that gives us the dollar amount of eleven dollars and fifty cents per Equivalent unit in terms of materials. We're gonna do the same thing for conversion So we had the conversion costs up here conversion costs Coming from there and that's dollar amount divided by the units Gives us the cost per unit in terms of conversion, which is gonna be labor and the overhead So now we got our equivalent units now We can take these and apply them out to the process So we know how much stuff is still in department a in terms of units and in terms of dollars That are allocated those units as well as in department B or what was transferred out of department A All right, so let's do this We have our information on this side that we've done so far. It's a little small But it's there and then we're gonna have our calculation. So here's our beginning inventory. That's what was in there at the beginning That's what was in there at the beginning then we're gonna add to that We're gonna calculate the cost to complete the beginning inventory so that's what what you're gonna do is we're gonna go through this one kind of line by line and Convert our equivalent units line by line to dollar amounts using our equivalent unit costs here So we've got the beginning costs. We're gonna say the direct materials was zero So that's this number here direct materials is zero and times of course the 1150 here gives us of course zero And then we're gonna take the conversion in terms of this beginning line was this 1008 1008 times the conversion cost per unit the 4725 gives us the 8550 and If we then add those up we got the total cost completed in the beginning Inventory and then we're gonna add up these two the outer column the Beginning inventory plus the total cost to completed and that gives us the total cost of units in the beginning inventory. It's everything That was that was in there prior prior month Costs and what's in there at this point in time is these two numbers there then we're gonna go to the next line item We're basically going down. Okay. Now. We're on this stuff that was started and completed and we're gonna say, okay Well, there's 19 to in terms of units times our cost per unit the 1150 of that gives us the To 2800 same thing for conversion. So conversion. We're taking this number 19 to times the cost per unit 4725 means we have a total cost of the 907 200 and if we add those up we got the total cost of units started and completed 1,128,000 and then if we add up this number and this number We're gonna get the total cost units transferred out So we added this and this to get to this number then we're adding this and this to get to this number This is what's been transferred out because remember the beginning inventory under the FIFO method If if it was still in there at the beginning we finished it and transferred out That's the assumption and if it was started and completed we finished it and transferred it out So in terms of the dollar amount now, we've applied the dollar amount to the units This is the dollar amount of the journal entry that's going to be there That's going to take it out of the work in process for a and transfer it to the next process to work in process for B Which if if we were making bread or something will probably like the packaging department From you know the production of the bread department. All right, but we're not quite done yet because we haven't done the ending Work in process. That's the stuff that's still left in the process the stuff that's still not quite done in a and Here we have the 2004 so here's the 2004 times the cost per unit the 1150 gives us the 276 and We have the conversion the conversion one nine two zero times the forty seven twenty five costs per unit of conversion gives us the ninety thousand seven twenty and that adds up to a total cost of ending work in process 118 320 and then if we add up these outer columns Here plus the 118 320 that gives us the 1 million 452 240 the reason we want to calculate that is because that should tie out to Our total cost number here that we we started with so we started with our total cost number Remember what our goal was was to take this allocation and allocate it between the department's departments a Which is kind of the making of the bread of this case in department B Which is going to be the processing or the stuff that's going to transfer to department B or like packaging or something like that So remember this will be the actual journal entry then to take it to take the stuff out and that will leave us with ending Inventory here. Let's see what that looks like in terms of a journal entry. So here's our same information So then we're going to take a look at at this journal entry. We've got the work in process for a we got the working process for B we have the 1 million of four One million four fifty two two forty in department a the journal entry here will be the credit To department a of the one million three thirty three two nine twenty that remember came from our worksheet here So there it is there. We're going to take that out of department a that's the stuff that we have then completed And it's going to transfer to department B So it's going to go into department B and now department B is going up by that amount So that would be the flow of the transaction that journal entry to take it out and the allocation method Here it is if we pull in all the other accounts, of course, what we are basically doing It's taking it out of one asset account being the inventory account moving it to the next asset account the next inventory account it will then go to the finished goods and then we will have the Cost of goods sold finally once it is then sold at the end of the day That's when we're going to actually expense all these costs that we are talking about at this time


I think being boring is good for money and you want it to be stable and you want it to actually work. And Litecoin has worked flawlessly over the past nine years. It takes forever to get anything kind of implemented on Bitcoin because consensus is slow. With Litecoin, if we want to do something, we can move pretty fast on it. What's up YouTube? I'm your host Giovanni, and I have the pleasure to be joined today by Charlie Lee, creator of Litecoin. Thanks for joining us, Charlie. Thanks for having me. In a previous interview, you defined Litecoin as boring compared to other coins. Why do you think so? And do you see it as a plus or a minus? I think it's boring because people think it's boring because it's kind of very similar to Bitcoin. We don't do anything like crazy and anything very risky because I think we want to keep it like money, right? It should be stable. It should be conservative. So because of that, people think it's boring. I think the bad part about that is it's hard for us to attract developers because while we didn't want to work on Litecoin, they can work on Bitcoin or some other like more fancy coin that is doing crazy stuff. But the good thing is, I think being boring is good for money, right? Just like Bitcoin is conservative. You don't want money to be taking risks, right? I don't think it's good to kind of take the approach of build fast and break things with money when you want it to be stable and you want to actually work. And Litecoin has worked flawlessly over the past nine years, so that's good. During our last interview almost a year ago, you said that fungibility and privacy were the main features that you wanted to improve in Litecoin and also that you would like to see as improved in Bitcoin. What achievements in this direction have been reached since then? Yeah, so I did mention that I think fungibility and privacy is one of the main feature of good money that's missing in Bitcoin and Litecoin. And that's something I'm focused on right now. So what we're doing right now is we're working on adding Mimbo-Wimbo to Litecoin with extension blocks. And this is something we've been working on since late last year. It's been going well. We're targeting end of the summer for a test at launch. And if that goes well, then we'll launch it soon after that and get it activated and deployed on Litecoin. You said that it will involve some risks related to the possibility of hidden inflation. Can you explain exactly what these risks are? Yeah, so with the current way Bitcoin and Litecoin works, everything, the ledger is transparent. It's open for public to see. So you can see exactly how many coins exist, how many coins are mined every time a new block is created. So from that, you can see that Bitcoin will have at most 21 million coins and Litecoin will have at most 84 million coins. The thing with privacy coins is kind of the nature of privacy coins, where the amount of coins being transacted is hidden. Right, so you can't tell how many coins someone holds. You can't tell using math and cryptography. You can kind of try to ensure that no coins are created out of thin air. But if there's a bug in a code or something wrong with the crypto, then potentially there could be hidden inflation where someone actually creates coins out of thin air, like doubles their number of coins. And because no one can see the ledger, it's not transparent, you can't easily tell that extra coins were created. So that's a risk with any private coins, Zcash, Monero, or Mimbo-Wimbo coins. Yeah, and so why do you think people will be willing to run this risk and use Litecoin's privacy feature? The reason why people would use something that has this inherent risk of hidden inflation is because the privacy is really important to people. And also the way we're doing it, we're using extension blocks to implement Mimbo-Wimbo. So all the potential hidden inflation is isolated in extension blocks. So unless you're using the Mimbo-Wimbo extension blocks, you have no risk of your coins being having any hidden inflation. So I guess people will kind of take it slow, right? It'll take some time before people will trust that Mimbo-Wimbo is safe, or the way we implement it is good enough. So over time as it becomes clear that there isn't any hidden inflation, people will start using it more. So basically what you mean is that as long as this hidden inflation remains a possibility on the layer 2, that risk is not going to affect the whole layer 1 of Litecoin. Yeah, so the layer 1 of Litecoin, if you consider this layer 1 and layer 2, right? So layer 1 of Litecoin is the main chain which is transparent. When people move coins from the main chain to the extension blocks, it's a transaction. You can see them sending coins to a specific address associated with the Mimbo-Wimbo extension block. So that address will hold all the balance on the Mimbo-Wimbo side. And then when someone withdraws or moves money from Mimbo-Wimbo back to the main chain, coins will come out of that address to a transparent address on the main chain. So all the potential issues with Mimbo-Wimbo is isolated to only the coins in the extension block. But talking about what you just said, so that people are very much interested in privacy, are you sure though? Because as far as I can see, a lot of people don't care about privacy that much.  It seems that privacy is not exactly the thing people are looking for the most. Don't you think that people are more concerned about other things like, for example, quickness in transfers, comfort in making transfers instead of having privacy? Yeah. So coins like Zcash and Monero are probably two of the most prominent privacy coins out there. They're not being used that much today because there's a lot of trade-offs. Trade-offs with user experience, mostly the trade-off with user experience. So people prefer something that's fast and easy to use over something that is much harder to use but adds a little bit more privacy. I probably agree that is the case. So we want to find a good kind of trade-off where it's private and still easy to use. So that's where we're targeting. So if, given that, people would choose privacy over non-privacy, if the trade-offs make sense. But I do agree. A lot of people are giving up their privacy willingly today in social media posting about all their personal information. But I think over time, people will realize how important privacy is. I mean, we're starting to see today where a lot of people are really against Facebook because of the misuse of your private information. And I think this is even a lot more important with money. You want your money to be, you want full control of your money. You don't want someone for a transaction. Even today, if I send you some Litecoins, you can look at the Block Explorer and potentially see how many Litecoins I have or where I got it from or where I spent Litecoins. And that's not good for money. In the crypto space, there are a lot of cryptocurrency leaders which are often promoting their own coins and criticizing Bitcoin. Others call themselves Bitcoin maximalists and see all other coins as shitcoins. Conversely, you have been taking a far less conflictual approach. In a recent interview, you even said that before investing in Litecoin, people should first invest in Bitcoin. So what is the rationale behind this no conflict approach? I've always thought that Bitcoin is, Bitcoin is the king, king of crypto, right? So I think Bitcoin has the least amount of risk of it succeeding. So I think in terms of investment portfolio, people should definitely invest in Bitcoin in addition to Litecoin or whatever other coins they want to invest in. But Bitcoin is a safest of all cryptos, I think, for investment purposes. So I think Bitcoin is, so Litecoin, I think, works hand in hand with Bitcoin. I like to see both being used. I think they both work well together. And that's kind of my approach to all of this. I just remember that on Twitter, you have this image of Vegeta and Goku. So Goku would be Bitcoin and Vegeta would be Litecoin, right? Something like that, yeah. Vegeta will always try to best Goku but never succeed. But they help each other out. Litecoin's main advantage compared with Bitcoin is higher transaction speed and lower costs. Other coins such as Bitcoin Cash are also betting on these characteristics. What is the competitive advantage of Litecoin compared to Bitcoin Cash? I think it's because we follow more closely to the Bitcoin world map. I think a successful form of cryptocurrency or form of money needs to be decentralized and secure first and foremost. And that's our approach. It's important for Litecoin and just like Bitcoin to be decentralized and secure. Bitcoin Cash is, the security of Bitcoin Cash is nowhere near that of Litecoin because Bitcoin Cash's hash rate is dominated by Bitcoin. So it's very easy for a small miner or small Bitcoin pool to attack Bitcoin Cash. So the security is not there. For Litecoin, Litecoin dominates the script mining ecosystem. So the security is really top notch. And I think Litecoin aims to be more decentralized, right? So one thing about Litecoin is I'm still around. So because of that, it's less decentralized than Bitcoin. But over time, I'm going to step away and let Litecoin become more decentralized. How do you measure these degrees of decentralization in this case? It's really hard to measure. But the thing with Bitcoin Cash is basically they are doing like hard forks every six months. Or at least I think that's the schedule they're doing it. And in order to do that, it has to be very centralized. Some group of people, small group of people are making this decision about what to add to Bitcoin Cash. And that makes it very, very centralized. You often point out that when you launched Litecoin, there was no pre-mining leading to a large amount of coins concentrating in a few hands. How do you think this feature is going to benefit Litecoin in the long run? In the long run, when people use Bitcoin or Litecoin as money, it's important that the launch is fair, in my opinion. You don't want to be using money that enriches the rich. Today with what's happening with fiat currencies. So you want something that is fair. Everyone has their fair chance of getting in. And I think that that would be good for a long term for Litecoin. And you think that for Bitcoin, this is a fundamental flaw? No, I don't think it's a flaw in Bitcoin. I mean, it is true that Satoshi mined quite a bit of coins initially. But just like same thing with Litecoin, people who got into Litecoin early were able to mine a lot more coins than people who are getting today. But I don't think with Bitcoin and Litecoin, I think they're both fair launches. So once the fungibility and privacy goal will be achieved, what is the next step in the evolution of Litecoin? I don't think fungibility and privacy will ever be achieved. I think this would be a constant kind of battle for Litecoin and Bitcoin to become more private and more fungible because there's always trade-offs involved. I honestly haven't looked ahead past that because I don't think that's the battle that's easily won. So you are basically saying that fungibility and privacy are going to be the battlefields you're going to be busy with for the long-term period and you don't have any other interests or not interests, but you don't have any other characteristic that you would like to implement into Litecoin? So there's quite a few things. So fungibility and privacy is important. I think we'll always try to have better ways to scale the coin. I think scalability is also one of the trade-offs we have to make with decentralization and security. So trying to make Litecoin scale to billions of users, that's always the hard problem. Currently the way is to scale on-chain as much as you can with file sacrifice and decentralization and then also scale on layer two solutions like Lightning Network. Membo-Wimbo as extension blocks can also help things scale. One of the reasons why I chose Membo-Wimbo over other privacy tech is because of the ability for it to scale. It does privacy and scales really well compared to other implementations like Rink's signature with Monero or ZK's start with Zcash. Membo-Wimbo scales the best. You said that you plan to step away from Litecoin as soon as it gets to a certain level of maturity. What are your plans for the future after that? What I mean about stepping away first of all is I think over time, Litecoin right now works well with me around. That's one thing about the difference between Litecoin and Bitcoin. With someone like the creator around a coin, I can have a lot of influence over the coin and things can be more efficient or things can move faster. With Bitcoin, it takes forever to get anything implemented on Bitcoin because consensus is slow. It's hard to achieve consensus on certain things and hard to implement. With Litecoin, if we want to do something, we can move pretty fast on it. That's one of the benefits. Obviously, the bad thing with a creator around is the creator has more control, more influence over the project. It's kind of like the now villain dictator situation where the dictator does something, becomes evil, then the whole country or whole project goes back. But I think over time, as Litecoin becomes more used, there's less reason for me to stick around. I can potentially do more harm than good. When that time comes, I'm going to slowly give up my influence and get out of the picture. When that comes, Litecoin will become more decentralized and I think it will be better for everyone. It came to my mind the comparison with the MakerDAO Foundation. The MakerDAO Foundation is also trying to gradually dissolve and give all the power to the MakerDAO community. Do you imagine a future like this for the Litecoin Foundation? The Litecoin Foundation, I don't know specifically about MakerDAO, but a lot of coin foundations hold a lot of their pre-mine coins. That's why they have a lot of control. The Litecoin Foundation doesn't hold any pre-mine coins, obviously. Its function is to take donations and make money from partnership and merchandise sales and put that money all towards development of Litecoin and more adoption. I think that's always a good thing to have for a foundation to support adoption of Litecoin. I don't think the Litecoin Foundation is going to kind of dissolve over time. I actually wanted to become stronger and do more for Litecoin. You haven't told me what you plan to do once you gradually step aside. If you have any plans for your future as an entrepreneur, as a technology entrepreneur? I don't think I'm going to do anything outside of crypto. I think I'm going to be working on cryptocurrency for the rest of my life. But if I step away from Litecoin, I think I'm still going to work on stuff. I don't know what yet. Thanks a lot, Charlie, for being with us. Yeah, thank you. That was Charlie Lee, founder at Litecoin. I'm Giovanni, your host. Don't forget to like the video and subscribe to our channel.


Here we are in our QuickBooks Online test company file using the accountant view as opposed to the business view you can toggle between the two views by going the cog up top and switching the view down below. Let's duplicate some tabs to put reports in by right-clicking the tab up top and duplicating it right-clicking the duplicated tab and duplicating it again back to the tab to the middle reports on the left hand side we're opening up the first one the balance sheet let's go to the tab to the right the reports on the left again this time the profit and loss the income statement closing up the hamburger let's run this for the full year this time a 2025 oh one oh one two five tab twelve thirty one two five tab running it go into the middle tab same thing closing the hamburger changing the range to the same oh one oh one two five twelve thirty one two five and running it let's go back to the tab to the left we've been thinking about e-commerce situations where we're selling inventory but not on ground in a store but rather online in the cloud with the help and use of third-party apps such as a Shopify or an Amazon and thinking about ways that we can pull that information from the third-party app into our accounting software in prior presentations we thought about manually pulling that information as well as just simply using the bank feeds to record our data now we want to move on to the QuickBooks online integration that they have in the QuickBooks online system so if you open up QuickBooks online and you go down to the commerce tab that's the integration that we're going to be taking a look at now so the general concept it's going to be much the same very similar to what we have looked at before remembering that our methods for being able to pull this information in from a third-party platform into QuickBooks is either number one just integrating the bank feeds and not using any other integration but you're going to lose data if you do that it won't be as detailed or you can use a manual entry system which we have taken a look in prior presentations and that system will be similar to the next system we're looking at now which is QBO commerce because the QBO commerce is doing what most people kind of recommend on the bookkeeping side for many people that use a third-party commerce platform which is don't pull in all of the information in order for in order to have like each sale recorded to have each customer recorded because it's going to overload the information in QuickBooks and in order to properly account for things like the inventory on a perpetual inventory system you would have to set up all the items properly and so on and it could get quite complex to set all that up and it might be redundant because you already have that information for the most part in the Shopify side of things so the idea would be that we're going to consolidate the data in the similar process we did with the journal entries but see if we can automate that process so QuickBooks is going to pull in that that information and try to and try to group it together for us now third-party apps I could do a similar type of thing like an a2x is quite popular and again if you're looking at third-party apps there's some apps that might group the data together in a similar fashion as we're talking now like an a2x and there's some apps that possibly means that you can pull in all of the data and try to recreate the information in QuickBooks online and try to track the inventory for example on a perpetual inventory system again most a lot of bookkeepers don't really recommend that for many people trying to integrate QuickBooks in the third-party platforms because it could be complicated and bog down the system so if we look at the commerce within QuickBooks online it's still relatively new as of the time of this recording but it looks like they're trying to do the the most simplified type of thing which would make sense for QuickBooks online they're trying to streamline and automate things so it looks like they're they're doing what most people kind of recommend in grouping this information as they pull it in but because they're trying to make it simplified there may be less options in it as there would be if you use some kind of other integrations like an a2x or something like that so first i'm gonna i'm gonna jump on over here to the sample company file which you can find and and you might want to open a separate window if you want to open these two files up at the same time if you have two files open so that it doesn't mix up your log in so you can open an incognito window if using google chrome by selecting the three dots new incognito window type into the search engine QuickBooks online test drive select the option that has into it in the url into it being the owner of QuickBooks and that's how we get here i just want to scroll down to the commerce section in here because it's not turned on yet so if you have not connected commerce then the connection process is generally the easy process so if you have something like a Shopify or an ebay or an amazon then you need to connect to it and to do that i'll just read through this quickly here seamlessly connect your sales channel will automatically bring your orders and payouts so you can track everything in one place you can check out the little video if you'd like to get more information on it there brief summary uh match payouts with bank deposits run reports and see trends at a glance stay on top of cash flow effortlessly and then of course you can go through the process of connecting your channel choosing the item that you want to connect for example we turned on a Shopify channel bring in your past orders so what this means you can view sales trends and insights across sales so how far back do you want to go so it depends on the platform in terms of how limited oftentimes or how far back you can go to bring in the data oftentimes you would want to bring the data in for an entire year if you if you can and so i'm going to say next and then connect your Shopify in a few quick steps uh we'll get your accounts synced first you'll choose how much of your Shopify data to share with us two next we'll take you to Shopify to sign in your account and authorize in three and then we start bringing in the transactions so i will continue here need consent into it needs consent here this is where they're going to bring the data in from and then we can say okay i agree in consent and then you'd have to finally give them your Shopify email they already have the dot Shopify here and you can't really get rid of that so when you when you type in your your URL make sure that you're accounting for the fact that this piece is going to be connected to the end of it if you double it up if you put if you put Shopify dot com twice in there it won't recognize your url all right so that is that so that's the connection process so once it's connected it's going to look something like this now we have a very basic information this is our Shopify store so we're imagining stuff is happening over here in our Shopify store we're making sales over here we're tracking the inventory on this side of things at least from from a unit perspective so that i can stock my inventory and have sufficient inventory to meet what i presume will be the demand in the future and whatnot remember that as we pull this information as we've talked about with the prior methods we're breaking out the concept of of the sales and inventory happening at the same time in other words we're not using a perpetual inventory system we're going to use a periodic inventory system so we're mainly thinking then about this integration pulling in the sales side of things and we're still going to have to deal with the the inventory side of things it having its own issues because it's going to be tied not to the payouts but to an inventory flow assumption like a fife or weighted average so we'll deal with that later this integration isn't generally designed at this point and QuickBooks could give you more options in the future but i would think that they're going to try to keep it simplified and therefore not and have the so therefore your inventory will be a separate kind of thing we're pulling in the sales side of things we'll talk about inventory later okay so the sales are happening here and then we've got we've talked about before our final