Discussion:Proper Financial Statement Heading for "DBA" entities

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Discussion Forum Index --> Accounting Questions --> Proper Financial Statement Heading for "DBA" entities

IheartTaxes (talk|edits) said:

19 February 2008
Hello,

Hopefully someone here can help me out with this. I am doing financial statments for a corporation that is doing business under a different name (Doing Business As). Can someone please tell me the proper heading for a DBA?

?
XXXXX XXXXXXX, LLC
dba XXXXXXX XXXXXX
Balance Sheet
As of December 31, 2007


?
XXXXX XXXXXXX
a division of: XXXXX XXXXXXXX, LLC
Balance Sheet
As of December 31, 2007

? Does anyone know the proper heading under GAAP?


Thank you for your help

Natalie (talk|edits) said:

February 19, 2008
You say it is a corporation, but in your examples you use an LLC.

If most people know the company under the dba name, I would include it.

xxxx, Inc. dba xxxx


A dba is much different than a division. If you are referring to a division, there are additional disclosures that would be required.

IheartTaxes (talk|edits) said:

19 February 2008
drat

Natalie (talk|edits) said:

February 20, 2008
Okay, what is that supposed to mean?

Taocpa (talk|edits) said:

20 February 2008
First, I admire you coming here and asking the question. That shows to me your interest in educating yourself which is more than I can say for many. However, you are not a CPA per your bio. I might want to caution you about doing financial statements. Please check California regulations regarding unlicensed practitioners doing financial statements. This is in your best interest. I am not saying this as someone who is a licensed CPA trying to protect territory as I am on the other coast. You need to be very careful with respect to this issue. There are many CA practitioners here who might be able to guide you. Please be sure you know what you are getting into before you go any further.

Tom

Bushmaster (talk|edits) said:

28 February 2008
I usually put it underneath.


XYZ, Inc.
dba ABC
Balance Sheet(s)
December 31, 2xxx

Eeyore1954 (talk|edits) said:

14 October 2009
Is there a Generally Accepted Accounting Principal on this. I am not a CPA but occasionally do work for a few and recently had a discussion about whether or not to include the DBA.

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