Accountants Ruin Joke

Here's Greg, just doing his thing:

Big changes on the way for nonprofit accounting. Revenue minus expenses will now be called "Not Profit." http://t.co/rSwV34YER4

— Greg Kyte, CPA (@gregkyte) March 30, 2015

And so it begins:

@gregkyte What are we going to call 'losses'?

— David Willcox (@AccountantDavid) March 30, 2015

@gregkyte @TimJGordon that will be strange! When expenses are higher will we call it "Not Loss"? #nonprofit #accounting should not use not

— Sheldon Harding (@CPAsheldon) March 30, 2015

GK, in his comedic wisdom, doubles down:

@AccountantDavid @CPAsheldon – The proposed term when expenses exceed revenue is "Negative Not Profit"

— Greg Kyte, CPA (@gregkyte) March 30, 2015

Annnnd they're off again:

@CPAsheldon @gregkyte Technically it's "not profit" either way. We can now strike loss from our accounting lexicon

— Tim Gordon (@TimJGordon) March 30, 2015

@gregkyte @AccountantDavid isn't Negative Not Profit a double #negative? I think that is troublesome, but I need to get back on #taxes!

— Sheldon Harding (@CPAsheldon) March 30, 2015

@gregkyte @TimJGordon thanks for bring this to my attention. I was thinking of stopping doing financials for tax-exempt organizations anyway

— Sheldon Harding (@CPAsheldon) March 30, 2015

@CPAsheldon @gregkyte What was wrong with 'Surplus' and 'Shorfall' Is this just change for change sake – again!

— David Willcox (@AccountantDavid) March 30, 2015

@TimJGordon @gregkyte we will say a positive amount of #NOTprofit would B a good thing especially when incurred by a #taxExempt organization

— Sheldon Harding (@CPAsheldon) March 30, 2015

I don't use this often, but: SMH.